💡Trading Guide
Last updated
Last updated
Want to start trading on Zeepr?
Read our step-by-step guide on how to trade on Zeepr.
Zeepr is a decentralized derivatives exchange that allows you to trade without the need for a username or password. Simply connect your wallet to start trading.
You can establish positions with any asset of your choice from the market on Zeepr. Zeepr not only supports trading of cryptocurrencies but also of forex, stock indexes, commodities, and more.
Zeepr allows you to use any token supported by the liquidity pool as collateral to establish positions. Since the platform operates on an Isolated position model, there is no need to transfer the collateral tokens into the contract before opening a position; you can directly open the position.
When establishing a position, you can anchor the value of your collateral token with market benchmark units (e.g., USD) at a 1:1 ratio. For instance, by using the $MOOM token as collateral with a leverage of 100x in the BTC-USD market, and with the index price at $30,000 USD, you would require 30 $MOOM tokens as the initial margin to establish a BTC position.
You can select the underlying asset in the market to establish a position. V2 only supports Isolated-position trading. Currently, there are two types of order modes supported: market orders and limit orders. A market order is placed at the current market price, while a limit order allows you to set the desired price. Enter the position size; the minimum order quantity is one contract. In different markets, the conversion coefficient representing the quantity of the underlying asset per contract varies. For example, in the BTC-USD market, one contract corresponds to 1 BTC.
The trading fee for opening a position is 0.2% of the position size for market orders. Limit orders, since they require someone to trigger them, will incur an additional fee of 0.1%, which is rewarded to the user who triggers the limit order.
Adjusting the leverage allows you to set the proportion of margin required for opening a position. For example, to open a position with 10x leverage for 1 BTC, if the price of BTC is 60,000 USD, the required margin would be 60,000 / 10 = 6,000. Finally, depending on the position you want, click on the "Long" or "Short" option on the trading panel to initiate the position.
Long Position:
Profit when the underlying index price rises.
Incur losses when the underlying index price falls.
Short Position:
Profit when the underlying index price falls.
Incur losses when the underlying index price rises.
You can use the close position panel to close your position with either a market order or a limit order. The quantity for closing the position can also be freely set.
Profit calculation for closing a position:
For long positions:
Closing profit = (Closing price - Opening price) * Number of contracts closed * Conversion Factor
For short positions:
Closing profit = (Opening price - Closing price) * Number of contracts closed * Conversion Factor
After opening a position, you can view the trade under the position list. You can also click "Edit" to increase or decrease the margin, which allows you to manage the current position margin and thereby reduce the risk of liquidation of the position.
The forced liquidation condition of a position is determined by the margin rate. When the margin rate of a position reaches 100%, forced liquidation is triggered. Forced liquidation orders do not generate any trading fees. The formulas related to forced liquidation are as follows:
Margin rate = Maintenance margin / (Current position margin + Unrealized profit and loss)
Maintenance margin = Initial opening margin * 0.1
Est. liquidation price formula:
Long position:
(Current position opening value - Current position margin + Maintenance margin) / Opening quantity
Short position:
(Current position opening value + Current position margin - Maintenance margin) / Opening quantity
When the user's counterpart, which is the LP (Liquidity Provider), triggers a forced liquidation, the user's position will also be closed, and the user will receive all of the LP's position margin as realized profit. In this case, the type of trade order is considered a take profit.
