Opening a Position

Commence by selecting the perpetual market you wish to open a position on, such as ETH-PERP, or BTC-PERP. Proceed to choose Long or Short on the trading form based on your desired position.

Long Position:

• Yields profit if the token price increases.

• Incurs losses if the token price decreases.

Short Position:

• Yields profit if the token price decreases.

• Incurs losses if the token price increases.

Upon selecting your side, navigate to the Margin tab, choose the token, input the desired payment amount, and specify the leverage. Above the LONG/SHORT button, find a concise summary of your margin and size (in USD) with the leverage multiplier (ranging from 1.1x to 50x depending on the market).

Below the LONG/SHORT button, review order details, including:

• Entry Price

• Liquidation Price

• Trading Fee

• Borrow Fee (calculated hourly based on pool utilization)

• Available Liquidity

While trades incur no price impacts, slippage may occur due to price variations between transaction submission and blockchain confirmation. Slippage is the difference between expected and execution prices and can be customized in the icon at the top right of the trading form.

When entering a position, whether Long or Short, it hinges on the available liquidity within the RLP Vault.

• Long Positions: For ETH and BTC, it relies on the availability of the respective assets within the RLP Vault.

• Short Positions: In the case ofETH, and BTC, it depends on the availability of stablecoin assets, specifically USDC.