Opening a Position

Depending on which side you want to open a leverage position on, choose Long or Short:

Long position:

• Profits if the token's price rises.

• Makes a loss if the token's price falls.

Short position:

• Makes money if the token's price falls.

• Makes a loss if the token's value rises.

Fee

The trading fee to open a position is 0.04% of the position size, similarly there is a 0.04% fee when closing the position.

Borrow Fee

The "Borrow Fee" for longing or shorting is shown below the swap box.

Borrow Fee is deducted at the start of every hour. This is the fee paid to the counter-party of your trade. The fee per hour will vary based on utilization, it is calculated as follows:

(assets borrowed) / (total assets in pool) * 0.005%.

Price Impacts & Slippage

There are little to no price impacts for trades.

However, there can be slippage due to price movements between when your trade transaction is submitted and when it is confirmed on the blockchain.

Slippage is the difference between the expected price of the trade and the execution price, this can be customized by clicking on the "..." icon next to your address at the top right of the page.