🌀Trading
Trading
Equilibrium is a decentralized exchange that allows trading without registration or owning any account. Start trading safely and easily on Equilibrium using web3 wallets. Additionally, our token on the platform is EDX.
Opening a position
Click on "Long" or "Short" depending on which side you would like to open a leverage position on.
Long position
Earns a profit if the token's price goes up
Makes a loss if the token's price goes down
Short position
Earns a profit if the token's price goes down
Makes a loss if the token's price goes up
2: Select leverage. Leverage multiplies your potential profit or loss on the trade.
3: Enter a trade size. This is equal to margin × leverage. For example, a trade size of 30 BSC at 30× leverage will use 1 BSC in the actual balance (margin) from your wallet.
Funds
Whilst your position remains open, it will accrue funding charges which are applied on an hourly basis. The confirmation screen presented prior to opening a position will display the applicable hourly funding rate. It is important to note that all profit and loss (P/L) figures displayed in your dashboard already include any funding charges.
Profit & Loss
Here, you opened a 3 BSC position at 2000. If the market rises by 1%, your P/L will equal:
BSC x 1% = 0.03 BSC
Conversely, if the market falls by 1%, your P/L will equal:
3 BSC x -1% = -0.03 BSC
Add margin
O increase the margin of an open position, one may place an order in the same direction as the current position, and the amount of margin specified in the new order will be added to the existing position. This approach can prove beneficial in situations where one seeks to prevent liquidation or decrease leverage.
Example
->You have a 70 BSC long on BTC-USD at 10× leverage (7 BSC margin).
->You submit a 50 BSC long on BTC-USD at 5× leverage (10 BSC margin).
->Your new position is 85 BSC long on BTC-USD with 15 BSC margin, e.g. 8.5× leverage. You've successfully added margin and reduced the leverage of your position.
Closing Positions
To close a position completely, click on the "Close" button, selecting the "Max" button in the pop-up window. A summary of the trade (deposit) and fees will be displayed before confirming the transaction. To partially close the position, enter an amount below the maximum possible. You can select the currency in which you would like to receive your balance when closing the position (last section -> Receive).
Stop-Loss / Take-Profit Orders
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It is also possible to set stop-loss and take-profit orders by clicking on the "Close" button and selecting the "Trigger" tab. After creating a trigger order, it will appear in your position's row as well as under the "Orders" tab. You can edit the order and change the trigger price if necessary. If you close a position manually, the associated trigger orders will remain open. You would need to cancel them manually if you do not want the order to be active when opening future positions. Note that orders are not guaranteed to execute. This can occur in a few situations, including but not limited to:
The mark price, which is an aggregate of exchange prices, did not reach the specified price;
The specified price was reached but not held for long enough to execute the order;
Or no keeper picked up the order for execution.
Additionally, trigger orders are market orders and are not guaranteed to execute at the trigger price.
Share Position
You have the option of being able to share any position.
Here is how it works:
Click on the 3 dots next to any position to open the 'Share Position' option
Next, click on 'Share Position' and you will see a graphic will pop up that shows you the details of any position:
Click on 'Copy' to copy the image or click on 'Download' to download the image.
You are also able to share any position on Social media. In order to do this, click on 'Tweet' to tweet any position.
Liquidation
If your loss exceeds -80% of the margin tied to the position, the position is liquidated.
You can choose to avoid liquidation by adding margin to your position.
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