Our Perpetuals platform provides an in-depth and seamless trading experience. The below explains each component of the trading page.

A) Account Values & Info Bar

i. Account Values


This is your total accounts value and is the sum of the following:

  • Deposited Ethereum (collateral)

  • Unrealized profit and loss (PnL) from current open trading positions

IM Utilization:

Initial margin is the amount you deposit as collateral for a leveraged trade.

IM Utilization reflects your initial margin deposits across all currently open positions. Should this reach 100% you will not be able to open any new positions.

MM Utilization:

Maintenance margin is the minimum amount of equity that you must hold to maintain open trade positions. Should this reach 100% you will be liquidated across all currently opened positions.

For further details about the IM and MM calculations, please see our margin and collateral guide.

ii. Info Bar

The information bar provides you all relevant information related to the trading market's price and volume.

Mark Price:

This is the price which the collection's asset is trading at on

Index Price:

This is an average price the collection is trading at on spot markets like Opensea or Blur. The index price incorporates factors like the index price, funding rates and recent trade prices to provide a more accurate representation of the asset's market value and to reduce the impact of market manipulations. For more details please see our index price guide.

24 Hour Collection Information:

Collection information on the trading prices 24 hour movements is displayed here. The information includes the 24 hour price change, price high, price low and volume.

Funding Rate:

This is a mechanism to anchor the mark price to the index price. Depending on the collections market, traders can either pay or receive the funding percent displayed based on their trading positions direction i.e. Long or Short. For more details please see our funding guide.

Long / Short Meter:

Visual representation of the traders positions in the current collection. This provides traders on the sentiment towards the collection, i.e. bullish (long) or bearish (short).


This refers to the time remaining until the next funding event. Traders either pay or receive the shown percentages of their positions when the funding event occurs.

B) Executing a trade

To make a trade follow the below steps:

  1. Collection Select

Click on the collection title to open all collections available to trade and select the specific collection you'd like to trade.

Remember to only select from the Perpetual category.

  1. Trade Position

i. Long or Short

Determine your trade position by selecting either Long or Short.

Long position indicates you forecast the collections price to rise. Short position indicates you forecast the collections price to decrease.

ii. Position Size

Input the amount of ETH you would like deployed to your position. This Ethereum amount will additionally be reflected as a position size in the contract represented as the form below the ETH amount.

iii. Leverage operates using cross margin leverage, allowing you to use your entire account balance to back your open positions. Using leverage amplifies your potential profits by allowing you to control larger positions with a smaller capital deposit.

For example: if you wish to open a position with notional amount of 10 ETH and use a leverage of 10x, the amount of required collateral will be 1 ETH.

Your current and projected leverage are displayed according to your position size and account value.

The leverage slider aids in visually representing your available leverage for a position in the selected market.

Note: Some markets may have lower leverage limits or maximum position sizes than others. Consequently this will affect the maximum leverage you can take. For example, the MACHI - PERP is limited to 3x leverage and cannot be increased further. For more information on cross margin leverage, please check: Cross-margin leverage

iv. Slippage

Input your preferred slippage tolerance percentage.

Slippage tolerance refers to the difference between the expected price of a trade and the actual executed price, due to market volatility and liquidity variables. By setting a slippage tolerance, you specify the maximum price difference you are willing to accept for the transaction to go through. If the slippage exceeds this set tolerance, the transaction will not be executed.

  1. Adding to the position

To increase your position size return to the specified collection and follow the steps above with the additional amount of Eth you would like added. Keep in mind if the collection price has changed, your entry price will reflect this accordingly.

  1. Confirm your position

Once you are ready to open your position, press the "Trade" button.

  1. Closing your position

Upon clicking close, you will be able to close your current position in part or in full, incurring the profit or loss.

This can be adjusted through either of the following options;

  • Amount

  • Slider

  • Percent

If you wish to close your position in full, either input the full position size amount, adjust the slider to 100%, or input 100% in the respective field.

Alternatively if you wish to close only part of your position, leaving a remainder still open, adjust the fields accordingly.

Slippage: Input a slippage percentage to ensure your trade is executed.

Initial Margin: This is the Ethereum deposited as collateral for your leveraged trade

Exit Price: Displays the collections price at which you are exiting your trade.

PnL: This is the profit or loss incurred when closing your position before fee's are applied

Fee: Displays the fee amount when closing your position.

Estimated Result: This is the final profit or loss which you will incur when closing your position. Keep in mind this amount may vary depending on the collections volatile variables at the time of close.

C) Your Positions

All information related to your open and closed trading positions is displayed here, allowing you to monitor and review your trades.

  1. My Positions

Market: Name of the collections you currently hold a position in.

Side: Represents your trade positions direction

Size: Represents your trade positions value.

Average Entry Price: If you have added to your position at different price intervals your collected average will display

Liquidation Price: If the collections price reaches the displayed liquidation price, your position will be closed and loss incurred

Maintenance Margin: This is the minimum account equity you must maintain to keep your position open. An account equity falling below this amount may incur some or all positions being closed. Keep in mind to maintain your account equity above the displayed amount.

PnL: Your current positions profit or loss is displayed here. A green display represents a position is in profit, whereas a red negative amount represents a position is in a loss.

Close: Clicking close will allow you to close your current position, incurring the displayed profit or loss.

  1. Trade History

Date: Displays the date you closed your trade.

Pair: The collection you closed your position in.

Side: Represents your open or closed positions effect. For example: If you long MAYC, your side will display "Buy". If you then close this position, side will display "Sell".

Size: The value of your executed trade.

Price: Displays the price at which you executed your trade.

Fee: Fee associated with executing your trade.

  1. Funding Payments

Date: Displays the date you received or paid the funding rate.

Pair: Collection the funding rate was completed on.

Funding rate: This is the percent of your position which you will either pay or receive depending on selected trading direction.

Amount: Displays the ETH amount you received or paid.

D) Trading Chart

The trading chart displays all current trading information related to the selected collection and is able to be customised to your liking.

E) Trading Activity

Displays all trading activity relevant to the specific collection selected.

F) Collection Spot Activity

This is the collections external trading activity outside of For example, AZUKI trades on NFT trading platforms.

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