Market order: short/long
Last updated
Last updated
We will illustrate how to open a position at market price with a long position. The process is the same for shorts; you just need to click on “Short” on the home screen. When clicking on long, this is the form that you'll see:
To switch to short, simply click on the short button located to the right of the green “Long” button.
There are two mandatory field there to open a position:
Your margin in USDC on Base
Your leverage
The minimum margin requirement is 16.5 USDC. As your leverage increases, the required margin will also increase.
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.
You can always edit your TP/SL after the position is open. You can learn more about it there.
