🐸Degen Trading Mode

500x/750x/1001x Leverage, 0 Open Position Fee, Lower price slippage

The Degen Trading Mode offers traders high-leverage perpetual trading as compared to conventional perpetual trading. During periods of high volatility, traders can maximize their gains with high leverage and extremely low fees. In low volatility, traders can speculate on minor price movements.

In the beginning, Degen Trading Mode will be available for BTCUSD and ETHUSD, supporting a max. leverage of 1001x for both long and short market orders. Traders will need to input the principal (collateral amount) before opening a position. There is zero slippage for BTCUSD, the slippage for ETHUSD is 0.01%.

Features of Degen mode:

• Lower price slippage

In Degen mode, zero slippage for BTCUSD and 0.01% slippage ETHUSD. Under Classic mode, it has fixed slippage and dynamic slippage for all trading pairs.

• Lower trading fees

In Degen mode, trading fees apply for opening orders. Dynamic closing fee will be applied which is based on the user’s realized PNL. Under the Classic mode, 0.08% of trading fees is applied for both BTCUSD and ETHUSD.

• No opening position fees

There's no opening positions fee for any opening positions transactions on Degen mode. Under Classic mode, 0.08% trading fee is charged for opening a position.

• Dynamic closing fee for Degen mode

APX V2 Degen Mode uses a dynamic close fee model. This fee is designed to charge fees based on PnL and protect users from losses. For more information, please check here.

• Unable to add margin to positions

Unlike the Classic mode, users would not be able to add extra margin to positions under Degen mode. Users are advised to monitor the risk and practice responsibility while trading.

Steps :

Before you start trading, you need to click on the Degen Mode button to switch to Degen Mode:

Traders need to input the principal amount manually and select the take profit percentage. The Max Net Profit ROI will be around 500% for 500x and 750x, and 300% for 1001x.