Managing Positions

After opening a trade, you would be able to view it under your Positions list, you can also click on "Edit" to deposit or withdraw collateral, this allows you to manage your leverage and liquidation price.

When you open a position or deposit collateral, a snapshot of the USD price of your collateral is taken, so e.g. if your collateral is 0.1 VIC and the price of VIC is 5 USD at the time, then your collateral is 0.5 USD and will not change even if the price of VIC changes.

The amount of profit and loss you make will be proportional to your position size. For example, if you open a long VIC position of size 10,000 USD and if the price of VIC increases by 10%, the position would have a profit of 1000 USD, if the price of VIC decreases by 10%, the position would have a loss of 1000 USD.

If a short position was opened instead, then if the price of VIC decreased by 10% the position would have a profit of 1000 USD, if the price of VIC increased by 10%, the position would have a loss of 1000 USD.

Leverage for a position is displayed as (position size) / (position collateral). If you'd like to display the leverage as (position size + PnL) / (position collateral) instead, you can customise this in the "Settings" menu by clicking on the "..." icon at the top right of the page.

Note that when depositing collateral into a long position, there is a 0.3% deposit fee for the conversion of the asset to its USD value, e.g. VIC amount to USD value. This is to prevent deposits from being used as a zero fee swap. This does not apply to shorts. This fee also does not apply when withdrawing collateral for longs or shorts.