APX Finance
  • πŸš€What is APX Finance?
  • πŸŒ™Brand Logo & Guidelines
  • Welcome
    • πŸ“„$APX Token & Contracts
      • ⚑Allocation
      • πŸ”₯Token Burn
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    • ⛓️Trading on V2
      • ❓How does it work?
      • ⬇️How to interact directly with the contract
      • 🀝Powered by Pyth Oracle and Chainlink
      • 🐸Degen Trading Mode
        • πŸ’°Dynamic close fee for Degen Mode
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      • πŸ’’MAD perpetual contracts
        • πŸ’’MADBTCUSD
          • Index Details
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          • Index Details
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          • Index Details
      • 😎Dumb Mode
        • How to place orders
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      • πŸ‘₯APX V2 Referral
      • πŸ“–APX Testnet Walk through [Inactive]
      • πŸ’‘FAQ
        • πŸ’‘Connect wallet
        • πŸ’‘Opening a position
        • πŸ’‘How to place stop orders?
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        • πŸ’‘One click close all position feature
        • πŸ’‘Order Types
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      • πŸ“‘Pre-Launch Markets
        • BLAST Pre-Launch Futures
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        • πŸ’ΈDeposit & Withdrawal
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          • TP/SL orders (Strategy Order)
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          • πŸ‘ΎLong/Short Grid Trading introduction
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      • ❓FAQ
        • ❓Multi-Assets Mode
        • ❓How to Adjust the Margin Balance in Cross/Isolated Margin Modes
        • ❓How to Calculate the Cost of Opening a USDβ“ˆ-M Perpetual Futures Contract Position
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        • ❓Funding Rate
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    • πŸ’°$100,000 Binance Web3 Wallet Trading Campaign Tutorial
    • πŸͺ‚Strategic Partnership with Lista DAO - Cosmic Adventure Challenge
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  • APX DAO
    • πŸ‘¨β€πŸš€How To Participate?
    • πŸ“«DAO Staking
      • 🎫Get Voting Power
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  • API
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    • πŸ”—Social Media & Communities
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    • πŸ—ΊοΈRoadmap
      • 🍁2023 Roadmap
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  1. Welcome
  2. Trading on V2
  3. FAQ

Opening a position

PreviousConnect walletNextHow to place stop orders?

Last updated 1 year ago

Users can choose to [Buy/Long] or [Sell/Short] to open their positions with leverage.

  • Long position: If the price rises, you earn a profit. If the price falls, you make a loss.

  • Short position: If the price falls, you earn a profit. If the price rises, you make a loss.

After selecting the Take Profit percentage, you will need to approve the transaction on your wallet to open the position successfully.

  • Collateral that can be use for trading

    • BNB Chain - USDT, USDC, BNB, CAKE, HAY, ETH and BTC

    • Arbitrum - USDT, USDC, DAI and ETH

    • opBNB - USDT and BNB

    • Base - USDbC and ETH

  • The settlement assets will be the user’s input assets. If settlements assets are insufficient, the platform will select the asset with the highest accumulated value in the liquidity pool as the settlement asset

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