Set trading parameters

Next, you can set the trading parameters:

1. Trade type whether it is a long (buy) or short (sell).

• Market order: Used for an immediate position opening. It will open a position at current market price.

• Limit order: When you want to go long at a price lower than the current market price or short if the price reaches above the current price. If the price hits the threshold + spread, the trade will be executed at the set precise price.

  

1. Collateral: It effectively represents the value you have pledged. Even if you use non-stablecoins for collateral, the collateral value is determined at the moment of pledging and does not fluctuate with token price movements.

• After selecting the collateral, choose the currency you want to open a position with and select the leverage.

1. Leverage: Your position is calculated by multiplying the collateral amount by the leverage. 10K Dex supports a maximum leverage of 50x, with a minimum leverage limit of 1.1x.

1. Entry Price: Represents the price of the underlying asset at the time you open a position.

1. Liq. Price: When the price of your indexed asset reaches this level, it triggers a liquidation event.

1. Fee: The cost associated with the current allocation required for opening a position.

1. Exit Price: This is the price used to calculate profits when you open and immediately close a position. The exit price will vary depending on whether you are going long or short on the token's price.

1. Borrow Fee: Since leveraged futures involve borrowing funds from the liquidity pool for opening trades, a certain percentage of borrowing fee is charged based on time.

1. Available Liquidity: The maximum position size that can currently be opened, representing the available liquidity.