Open a position

To start trading, go to Trade and connect your wallet with the network selected.

1. Select a market to trade.

2. Select a base currency. Your margin will be denominated in this currency.

3. Select leverage. Leverage multiplies your potential profit or loss on the trade.

4. Enter a trade size. This is equal to margin × leverage. For example, a trade size of 50 ETH at 50× leverage will use 1 ETH in the actual balance (margin) from your wallet. If you anticipate the price will increase in the future, initiate a long position. If you expect the price will decline, open a short position.

Settlement

Once submitted, your order will appear as "Settling" in your positions panel while it is picked up and priced by the dark oracle network (usually in a few seconds).

Once settled, your position's execution price and unrealized profit or loss (P/L) appear.

Funding

While your position remains open, it will accrue financing fees, which are charged hourly. The hourly financing rate is displayed on the confirmation screen before opening a position.

All P/L figures presented in your dashboard already incorporate all financing charges.

Profit & Loss

If you opened a 5 ETH position at 4077. If the market rises by 1%, your P/L will equal:

$$5\text{eth} \times 1\% = 0.05\text{eth}$$

Conversely, if the market falls by 1%, your P/L will equal:

$$5\text{eth} \times (-1\%) = -0.05\text{eth}$$

Liquidation

If your loss exceeds -80% of the margin tied to the position, the position is liquidated.

To prevent liquidation, you have the option to supplement your position with additional margin.