Kwenta Documentation
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  • 🥂Welcome to Kwenta
  • Getting Started
    • How to start using Kwenta
    • Introduction
    • Getting started on Optimism
    • How to get sUSD
    • Access Kwenta
      • Installing the IPFS Companion to Access Kwenta
      • Backup RPCs
      • Withdrawing from v2 Isolated Margin using Optimistic Etherscan
  • Using Kwenta
    • Futures on Kwenta
    • Jargon
    • Synthetix Isolated Margin
      • Funding
        • Technical Details
      • Delayed Orders
      • Maker/Takers on Kwenta
      • Leverage
      • Liquidations
      • Initial/Maintenance Margin
      • One-Click Trading
        • Onboarding to 1CT
        • FAQ
      • Smart Margin
        • Dashboard Overview
        • Futures UI Overview
        • Get Started with Smart Margin
          • Withdrawing sUSD & ETH
          • Opening/Closing Positions
          • Conditional Orders
            • Limit Orders
            • Stop-Loss Orders
          • FAQ
      • Delegated Trading
        • Getting started
        • Managing Delegates
        • Accessing Accounts Delegate to You
      • Fees
      • Referral Program
        • The Traders Tab
        • The Affiliates Tab
        • Incentive Tiers and Rewards
      • FAQ
    • Perennial Isolated Margin
      • Perennial Intro
        • Market Design
        • Oracles
        • Payoff & Positions
        • Trading Fees and Price Impact
        • Funding Rate
        • Interest Rate
        • Leverage & Liquidations
        • Collateral
        • CodeBase
      • Bridging to Arbitrum
      • Trading on Perennial
        • Dashboard Overview
        • Futures UI Overview
        • Opening/Closing Positions
        • Advanced Orders
          • Limit Orders
          • Stop-Loss Orders
      • Gasless Trading
        • Onboarding to 1-Click-Trading
        • FAQ
  • Kwenta Token
    • Staking KWENTA
      • How to stake KWENTA
      • Escrow and Vesting
      • Transferring Escrow Entries
    • Claiming Rewards
    • Trading Rewards
  • DAO
    • Kwenta Token
    • Governance
    • MarketingDAO
    • devDAO
      • Contributing to the Kwenta Frontend
        • Troubleshooting
        • Testing
  • Developers
    • Deployed Contracts
      • V2 Futures Market Proxy Contracts
    • Verify Kwenta
    • Kwenta SDK
  • Resources
    • Audits
    • Development progress Epoch 1 2024
    • GitHub
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On this page
  • Opening a position
  • Closing an open position

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  1. Using Kwenta
  2. Synthetix Isolated Margin
  3. Smart Margin
  4. Get Started with Smart Margin

Opening/Closing Positions

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Last updated 1 year ago

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Opening a position

  • Trade Type and whether it is long (buy) or short (sell).

    1. Market: To be used to open a trade immediately via a delayed market order.

    2. Limit: To be used when you want to go long at a lower price than present or to go short if the price reaches a higher price than present.

    3. Stop: To be used when you want to go long if the price reaches a higher price than present (breakup) or to go short if the price reaches a lower price than present (breakdown).

Conditional orders execute at an exact price, if the price reaches the condition. Fill may slightly vary depending on the Oracle price at the time the delayed order execution is complete.

  • Collateral: Maximum amount you are risking if you are liquidated. Your collateral to open your planned trade.

  • Leverage/Positions Size: Traders can either pick a leverage multiplier or set their position size changes in one field will always correspond with changes in the other.

  • Your Stop Loss and Take Profit. You are not obligated to use a stop loss, but this allows you to set up the entire trade before submitting an order.

Closing an open position

Closing an open position if all margin is exhausted or the trader doesn't have enough margin to reserve to execute the trade, the close has to be done through the close position modal by selecting close on the positions table on an open position.

Traders can only close a position by opening the opposite direction of the current trade only if they have sufficient margin for the order to reserve for execution.