Opening a position

You would start by selVelang the side of the leveraged position that you want to enter.

The side could be either Long or Short.

Side	Asset price goes up	Asset price goes down
Long	Profit	Loss
Short	Loss	Profit

Collateral and Leverage

Defining colalteral amount and selecting the leverage level. Collateral is used to open a position at the selected leverage.

Example: If you select 20x leverage level with $100 collateral, the position size you purchase will be $2000 worth of selected asset.

Position Management

Market

Order will fill at the current mark price.

Limit (In development)

Order will fill at selected limit price or better. For longs, if limit price is set above mark price, then the order is treated as a market order. For shorts, if the limit price is set below mark price then the order is treated as a market order.

Stop Market (In development)

A market order will be activated when price reaches the stop price. Stop price must be placed above mark price for longs and below mark price for shorts. If not the order will be triggered as a market order.

Take Profit/ Stop Loss (In development)

Take profit and stop loss orders are used in trading to help manage risk and maximize profits. A take profit order is an instruction to close a trade at a specified price that is better than the current market price. This allows traders to lock in profits and avoid missing out on gains if the market suddenly turns against them.

A stop loss order, on the other hand, is an instruction to close a trade at a specified price that is worse than the current market price. This helps limit losses in case the market moves against the trader.

Terminologies

Mark price: This will show the aggregated price of the asset at the current moment in time.

Index price: This price of the asset that is retreive from the PriceFeed contract.

Liquidation Price: This will show the asset price at which your position will be liquidated. If the mark price of the asset goes beyond this point (lower in case of a Long position, higher in case of a Short position), it will automatically close the position and the majority of the collateral used for the position will be lost.

PNL: PnL is an acronym for profit and loss. It can be either realized or unrealized. When you have open positions in a perpetual futures market, your PnL is unrealized, meaning it is still subject to changes based on market movements. Once you close your positions, the unrealized PnL becomes realized PnL, either partially or entirely.

Net value: Your net value = Collateral value - fee + pnl