Trade by Coin Collateral
Typus Perps supports both swap and leverage trading. To swap tokens, navigate to the SWAP tab on the Perps page, select tokens, and enter the desired amount.
For leverage trading, refer to the sections below for more details.
Enter the Perps page, and choose a perpetual market you want to trade, such as SUI/USD, BTC/USD, or SOL/USD.
Long Position:
- Earns profits if the token price goes up
- Makes losses if the token price goes down
Short Position:
- Earns profits if the token price goes down
- Makes losses if the token price goes up
Various collateral tokens are available for your selected market, for example:
- Long SUI with SUI as collateral
- Long SUI with USDC as collateral
- Short SUI with SUI as collateral
- Short SUI with USDC as collateral
Enter trade size and leverage (from 1x to 50x). Check order details and relevant fees before trading. While trades have no price impact, slippage may occur due to price changes between transaction submission and blockchain confirmation.
Order execution depends on available liquidity within the Typus Liquidity Pool (TLP).
You can monitor and adjust your open positions in the POSITIONS table. Click the โโ๏ธ" icon to deposit or withdraw collateral, allowing you to efficiently manage your leverage and liquidation price.
Leverage = Position Size in USD / Collateral in USD
Profit and loss are proportionate to your position size. For instance: a long SUI position of 1,000 USD with a 10% SUI price increase earns a profit of 100 USD, while a 10% decrease results in a 100 USD loss. Conversely, a short position with a 10% SUI price decrease garners a 100 USD profit, but a 10% increase makes a 100 USD loss.
To partially or fully close a position, click the CLOSE button in the POSITIONS table.ย
- Closing a position realizes pending profits or losses (PnL) based on the proportion of the position closed.
- Realized PnL and fees are settled in the collateral used for that position.
A limit order allows you to place an order at a specific price (limit price)
- A long (buy) limit order executes when the price matches or drops below your limit price.
- A short (sell) limit order executes when the price matches or rises above your limit price.
Tap the LIMIT tab on the trade ticket to place a limit order. Once placed, it will appear in the ORDERS table. You can cancel the order anytime before execution.
Price impact may still affect the execution, meaning the order might not fill at the exact limit price. Additionally, execution is not guaranteed due to factors such as:
- Insufficient liquidity in TLP to execute the order even if the price was reached.
- The price never reached the set acceptable level.
- Delisting or suspension of the perpetual market or collateral token.
To add or manage Take-Profit (TP) and Stop-Loss (SL) orders, click the ADD or VIEW button in the POSITIONS table.
- TP/SL orders execute market orders at preset trigger prices (exit points), helping secure profits or minimize losses in volatile markets.
- Once set, TP/SL orders appear in the ORDERS table as well.
- TP / SL orders are market orders and may not execute at the exact trigger price due to price impact.
- A maximum of 5 TP/SL orders can be placed per position.
- Orders can be canceled at any time.
TP/SL orders will be automatically canceled if:
- The parent position is liquidated, closed, or reduced below the TP/SL order size.
When opening a long SUI position, if the position size exceeds the collateral value, there will be a price at which potential losses approach the collateral value.
This is known as the Liquidation Price, calculated as the point where:
Collateral - Losses - Fees < 1.5% of Position Size
If the token price drops below this level, the position will be automatically liquidated.
The estimated liquidation price changes over time due to unrealized fees and PnL, especially with leverage above 10x and long holding periods.
To mitigate the risk of liquidation, click the โโ๏ธ" icon in the POSITIONS table to add collateral and improve the liquidation price.
Upon liquidation, any remaining collateral after deducting losses and fees will be retained as a liquidation fee for the TLP. Additionally, 1% of the liquidation fee is allocated to an insurance fund to protect TLP.
