Managing Positions

After opening a trade, you would be able to view it under your Positions list. You can also click on "Edit" to deposit or withdraw collateral, this allows you to manage your leverage and liquidation price.

When you open a position or deposit collateral, a snapshot of the USD price of your collateral is taken.

e.g. if your collateral is 9 FTM and the price of FTM is $0.5479 at the time, then your collateral is $10.36 USD and will not change even if the price of FTM changes.

The amount of profit and loss you make will be proportional to your position size. In this example, 10.36 USD has been used to buy $207.56 USD of FTM. If the price of FTM increases by 10%, the position would have a profit of $4.1512 USD; if the price of FTM decreases by 10%, the position would have a loss of $4.1512 USD.

If a short position was opened instead, then if the price of FTM decreased by 10% the position would have a profit of $4.1512 USD, if the price of FTM increased by 10%, the position would have a loss of $4.1512 USD.

Leverage for a position is displayed as (position size) / (position collateral). If you'd like to display the leverage as (position size + PnL) / (position collateral), you can customise this by clicking on the "..." button next to your address.

Note that when depositing collateral into a long position, there is a 0.3% swap fee for the conversion of the asset to its USD value, e.g. FTM amount to USD value. This is to prevent deposits from being used as a zero fee swap. This does not apply to shorts. Withdrawing of collateral from longs and shorts do not have this fee.