Trading
Last updated
Last updated
Users can choose to [Buy/Long] or [Sell/Short] to open their positions with leverage.
Market Order: A market order is where a trader buys or sells a position at the current market price. It prioritizes execution speed over price, meaning the trade will be executed as quickly as possible at the prevailing market price. Due to changes in market depth, the final average price of execution may experience price slippage.
Limit Order: A limit order is an instruction to buy or sell a security at a specified price or better. Unlike market orders, which execute immediately at the current market price, limit orders allow you to set the price at which you're willing to trade. For a buy order, the trade will execute at the limit price or lower; for a sell order, it will execute at the limit price or higher. However, execution is not guaranteed if the market doesn’t reach your set price.
Long position: If the price rises, you earn a profit. If the price falls, you suffer a loss.
With 10x leverage, if the price rises by 10%, your profit increases by 100% (10% multiplied by 10x leverage). However, if you employ 10x leverage and the maintenance margin fraction for this pair is 1.5%, a price drop of 8.5% results in a 100% loss [(8.5% + 1.5%) multiplied by 10x], leading to the liquidation of your position.
Short position: If the price falls, you earn a profit. If the price rises, you suffer a loss.
With 1x leverage, if the price drops by 10%, your profit increases by 10%. However, if you're using 1x leverage and the maintenance margin fraction for this pair is 1.5%, a price increase of 98.5% will result in a 100% loss [(98.5% + 1.5%) * 1x], causing your position to be liquidated.
(The example above only considers the impact of price factors on profit and loss. In reality, positions will incur funding fees, so the profit and loss figures are for reference only.)
Depending on the depth of each cryptocurrency, the Maintenance Margin Fraction may vary for each coin. This corresponds to different levels of trading risk. The higher the Maintenance Margin Fraction, the higher the risk of liquidation due to price fluctuations. Please review the relevant parameters in the coin details before trading.
Learn more about Margin and Maintenance Margin Fraction:
MarginUsers can view and manage their positions in the trading page.
Isolated margin allows you to individually add margin to a specific isolated position.
Clicking on the margin editing button for isolated positions, which allows you to add or reduce position margin, thereby reducing position risk.
Initial margin can't be reduced.
The maximum reduction in position margin = additional margin added + position loss.
In cross margin mode, users can deposit their available balance to add margin, thus reducing position risk.
When the mark price goes to Liq. Price, your position will get liquidated, and you will lose all the margin in this position.
Also you can check Margin Level to control your risk. When Margin Level>=100%, your position will get liquidated, and you will lose all the margin in this position.
Stop Loss and Take Profit
Users can pre-set stop loss and take profit prices for their positions. When the price reaches the set price, the stop loss and take profit orders will be automatically executed.
These orders are executed as market orders and may incur slippage.
Clicking on [Close] allows you to close a specified position, supporting both market and limit order closing modes.
Clicking on [Close All] cancels all open orders and closes all positions at market price.
