Perpetual Trading
Last updated
Last updated
Note: This function is only available on the FlashX Extension version.
Perpetual trading on FlashX is powered by Orderly Network, enabling seamless and efficient trading of perpetual contracts.
To trade perpetual contracts on FlashX, you need to transfer USDC from your EVM wallet to the Perp wallet. To help you transfer USDC to your Perp wallet, please refer to the image below which illustrates the following steps:
Deposit USDC from Arbitrum to your EVM wallet.
Transfer USDC from your EVM wallet to your Perp wallet.
Start trading in the Perp wallet.
Withdraw your USDC from the Perp wallet back to the EVM wallet for active fund management.
Accessing Perpetual Trading:
Navigate to the Perp tab on the top navigation bar to enter the Perpetual Trading section.
You’ll see the market price, 24h change, funding rate, and other details about the token you want to trade.
Select Token to Trade:
In the top section, you’ll see the token symbol (e.g., JUP) and its related data such as market price, 24-hour price change, open interest, and funding rate.
Select the token you want to trade from the dropdown list.
Market and Limit Orders:
Market Order: This order type buys or sells the token immediately at the current market price.
Limit Order: Set a specific price at which you want to buy or sell the token. The order will only be executed when the token price reaches your set price.
Enter Amount:
In the Available Balance section, you will see the amount of funds you have available for trading (e.g., 3.291 USDC).
Enter the amount of funds you wish to use for the trade. You can select the percentage of your available balance by adjusting the slider (from 1% to 100%).
Leverage Settings:
Max Account Leverage: FlashX offers leverage options (e.g., 5.38x / 10x). The leverage is displayed under the Margin Ratio section.
You can execute trades using leverage, with a minimum trade cost of 10 USDC.
Adjust the leverage according to your risk tolerance. Higher leverage amplifies both potential gains and losses.
Setting Stop Loss (TP/SL):
You can enable Take Profit (TP) and Stop Loss (SL) by checking the TP/SL box below the trading options.
Set the price at which you want to take profit or stop the loss in order to automatically close the position at the desired price level.
Buy or Long Position:
Once you’ve set the amount, price, and leverage, you can click on the Buy/Long button to enter the trade.
If you’re selling, the Sell/Short button will appear.
Transaction Costs:
The Cost section shows the fees associated with the trade. This will help you understand the total cost involved in making the trade.
Reviewing Your Position:
After placing a trade, your position details will be visible in the Positions tab, where you can track your active trades and manage your leverage.
After placing your trade, you can share it on social media platforms.
Simply click the Flex button located next to your trade details in the Positions tab. This allows you to share your trade on Twitter, Telegram, or other social platforms.
