Open a Leveraged Position
Step 2: Connect your wallet to the app by clicking on the "Connect Wallet" button on the top right corner of the application.
Step 3: Specify whether you want to long or short the asset by clicking on the "Long" or "Short" tab.
Step 4: Select which asset you would like to take a leveraged position on by clicking on the asset name from the list on the top left corner.
Step 5: Click on "Market" if you'd like to use Market Order or Click on "Limit" or "Trigger" if you'd like to use Limit Order or Trigger Order.
Step 5.1: If you select to use Limit Order or Trigger Order in the previous step, please also specify the price at which your order would be executed.
- Note that if you use a Trigger Order, the trigger price must be lower than the market price if you're shorting or higher than the market price if you're longing.
- Also note that if you use a Limit Order, the limit price must be higher than the market price if you're shorting or lower than the market price if you're longing.
Step 6: Indicate the asset that you wish to deposit to open the leveraged position & specify the amount of asset to deposit.
Step 7: Indicate the level of leverage by sliding the leverage bar. Alternative, you can also indicate the level of leverage in the leverage box. Perp88 supports a maximum leverage of 88x.
Step 8: Click on the "Short [Asset]" button if you're taking a leveraged short position or the "Long [Asset]" button if you are taking a leveraged long position.
Step 9: A pop up will show up after completing step 8. To confirm the action, please once again click on "Short [Asset]" button if you're taking a leveraged short position or the "Long [Asset]" button if you are taking a leveraged long position.
Step 10: Once done, a Metamask pop up will show up. Simply confirm all the transaction requests to proceed with opening the leveraged trading position.
Last modified 3mo ago