Opening a position

Opening a position

Click on "Long" or "Short," depending on which side you would like to open a leveraged position on.

• Long position

  • Earns a profit if the token's price goes up

  • It makes a loss if the token's price goes down

• Short position

  • Earns a profit if the token's price goes down

  • Makes a loss if the token's price goes up

After selecting your side, key in the amount you want to pay and the leverage you want to use; in the below example, 1 $CORE is worth 2 $USD and is being used to buy a 5x $CORE long position of size 10 $USD

The "Entry Price" is 2 $USD, and the Liquidation Price is 1.5 $USD. Below the swap box, you would also see the "Exit Price," which is the price that would be used to calculate profits if you open and then immediately close a position. The exit price will change with the price of the token you are longing for or shorting.

The trading fee to open a position is 0.1% of the position size. Similarly, there is a 0.1% fee when closing the position.

Additionally, a "Borrow Fee" is taken out at the beginning of each hour. This is the charge made to your trade's counterparty. The hourly rate is determined as (assets borrowed) / (total assets in the pool) * 0.01% and varies depending on utilization. Below the swap box, the "Borrow Fee" for yearning or longing is shown.

The time your trade transaction is made and the time it is confirmed on the blockchain might cause slippage even though there are no price consequences for transactions. By selecting the "..." symbol next to your address in the upper right corner of the page, you may configure slippage, which is the difference between the estimated price of the trade and the execution price.