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Open Long and Short positions

Long/Short

To open a long/short position on Derion, first, choose the asset pair you wish to trade. The trading pair can be selected at the top left of the screen.

Long/Short

Afterward, you can choose to either long or short on the right panel. You can select between several leverage levels (see Liquidity Concentration). After choosing the leverage and entering the amount you want to trade, you should consider a number of factors before opening the positions:

  • Net Value: The value of your position without applying leverage (net).
  • Size: The total value of your position after applying leverage.
  • Maturity: The maturity duration, after which you can receive the full payoff (see Maturity for more details).
  • Daily Interest Rate: The fees you must pay daily to maintain your position.
  • Deleverage Risk: The risk of your position being auto-deleveraged. The larger the position, the higher the risk.
  • Premium Rate: the premium rate you have to pay in imbalance pools.
  • Estimated Gas/Estimated Fee: The estimated gas fee at that time.

After carefully checking all the details, you can open your position by clicking the blue button below (“Long 8x ETH” in my example).

Open Position

After confirming the transaction in your wallet, your position should be shown on the bottom-left panel. You can close your position anytime here.

Positions

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