Trade Lifecycle
How your trades and positions are working
Stage | Details |
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Opening a trade | First, set up a position with a desired leveraged pair, and set slippage tolerance
Pay Trading fee and Swap fee
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During a trade | Paying Borrowing Fee on an hourly basis
(Optional) You are able to manage your position size and leverage level by:
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Closing a trade | Closing your position at your desired price
*Therefore, insufficient collateral may cause inability to repay fees, which could trigger liquidation! Paying Trading fee and Swap fee
|
Liquidation | If the user's position falls below liquidation price or collateral left is insufficient to cover fees, the position will be liquidated and closed.
*User’s collateral will be utilised to pay off losses to the FLP and taken as liquidation fees which will be transferred to liquidation vaults |
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