Trading
Last updated
Last updated
Users have the option to initiate positions by selecting either [Buy/Long] or [Sell/Short], utilizing leverage to enhance the trading potential.
Market Order: A market order is an instruction to buy or sell a position at the current market price. This order type prioritizes execution speed over price, ensuring the trade is executed as quickly as possible at the prevailing market rate. However, due to fluctuations in market depth, the final average execution price may be subject to price slippage.
Limit Order: A limit order is an instruction to buy or sell an asset at a specified price or better. Unlike market orders, which execute immediately at the current market price, limit orders allow traders to define the price at which they are willing to execute a trade.
For buy orders, the trade will execute at the limit price or lower.
For sell orders, the trade will execute at the limit price or higher.
Please note that execution is not guaranteed if the market does not reach the specified price.
Long position:
Profit Scenario: If the price increases, you realize a profit.
Loss Scenario: If the price declines, you incur a loss.
With 10x leverage, a 10% increase in price results in a 100% profit (10% increase multiplied by 10x leverage). Conversely, if the maintenance margin for this asset is 1.5%, an 8.5% price drop will lead to a total loss of 100% [(8.5% + 1.5%) multiplied by 10x], resulting in the liquidation of your position.
Short position:
Profit Scenario: If the price decreases, you realize a profit.
Loss Scenario: If the price rises, you incur a loss.
Using 1x leverage, a 10% drop in price yields a 10% profit. However, with a 1x leverage and a maintenance margin of 1.5%, a price increase of 98.5% will result in a total loss of 100% [(98.5% + 1.5%) multiplied by 1x], leading to the liquidation of your position.
Note: The examples provided focus solely on the impact of price changes on profit and loss. In practice, positions will also incur funding fees, and the profit and loss figures should be considered for reference only.
The Maintenance Margin Fraction may vary for each cryptocurrency, reflecting different levels of trading risk. A higher Maintenance Margin Fraction indicates an increased risk of liquidation due to price fluctuations. Please review the relevant parameters in the coin details prior to trading.
Learn more about Margin and Maintenance Margin Fraction:
Users can view and manage their positions directly on the trading page.
Isolated Margin: This feature allows you to add margin to a specific isolated position individually.
By clicking the margin editing button for isolated positions, you can increase or decrease the margin, thereby managing your position risk.
IPlease note that the initial margin cannot be reduced.
The maximum reduction in position margin is equal to the additional margin added plus any position loss.
Cross Margin: In this mode, users can deposit their available balance to add margin, thereby reducing position risk.
Your position will be liquidated if the mark price reaches the liquidation price, resulting in the loss of all margin associated with that position. Additionally, you can monitor your Margin Level to manage risk. If the Margin Level is equal to or exceeds 100%, your position will also be liquidated, leading to a total loss of margin.
Stop Loss and Take Profit
Users have the option to pre-set stop loss and take profit prices for their positions. When the market price reaches these predetermined levels, the stop loss and take profit orders will be executed automatically. Please be aware that these orders are processed as market orders and may be subject to slippage.
To close a specific position, click on the [Close] button, which supports both market and limit order closing modes. Alternatively, clicking on [Close All] will cancel all open orders and close all positions at the current market price.
