Limit order: short/long

We will illustrate how to open a position at a limit price with a long position. The process is the same for shorts; simply click on “Short” on the home screen. When you click on “Long,” this is the form you’ll see:

Perps - Limit

There are three mandatory fields when setting up a limit order:

  1. The limit price - the price at which you wish your order to be filled.

  2. The margin.

  3. The leverage.

When shorting, you cannot set a price higher than the current price, and when longing, you cannot set a price lower than the current price.

The minimum margin requirement is 16.5 USDC. As your leverage increases, the required margin will also increase.


Take profit / Stop loss

An optional field appears at the bottom of the form. By clicking “Add,” you can include take-profit and stop-loss orders to your position.

A take-profit or stop-loss order will automatically close your position when the underlying asset reaches a specific price.

Perps - Limit - TP/SL

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