How to Trade Perpetual Futures on Vordex

1. Choosing a market

1️⃣ Navigate to Trade → Perpetuals on Vordex. 2️⃣ Select the market (trading pair) you want to trade. 3️⃣ Choose Long (Buy) if you believe the price will go up. 4️⃣ Choose Short (Sell) if you believe the price will go down.

Order Types

Vordex offers market orders only to ensure fast execution:

✔️ Market Orders – Buy or sell immediately at the best available price.

🚫 No Limit Orders – Orders execute instantly without waiting for a specific price level.

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2. Selecting Position Size & Leverage

1️⃣ Enter the amount of the asset you want to trade. You can:

• Specify the asset amount directly.

• Enter the collateral amount in USDT or another stable asset.

• Use the leverage slider to adjust exposure.

2️⃣ Set maximum slippage tolerance to avoid unexpected price changes.

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3. Opening a Position

1️⃣ Click the Open Position button. 2️⃣ Review all trade details in the confirmation window. 3️⃣ Sign the transaction with your connected wallet.

Once the transaction is confirmed, your position is active and visible in the Positions tab.

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4. Adjusting an Open Position

You can modify an existing position by increasing or reducing its size:

✔️ Buying more of the asset → Increases position size. ✔️ Selling some of the asset → Reduces position size. ✔️ Adjusting leverage → Affects your liquidation price.

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5. Closing a Position

When you are ready to exit a trade:

1️⃣ Go to the Positions tab. 2️⃣ Click Close to realize your profit or loss (P&L). 3️⃣ Confirm and sign the transaction with your wallet.

Your balances and total collateral will be updated once the position is fully closed.

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6. Liquidation: Understanding the risks

When your margin balance falls too low to hold your position, it triggers liquidation. 🔹 Interesting facts: Each position has a liquidation price which indicates the price at which your collateral is no longer sufficient to cover losses. If the market price reaches your threshold of liquidation, your position will be automatically closed to prevent further losses. A liquidation fee will apply, and you will forfeit your initial margin for that trade. 🔹 Exemplar Case: You place a 10x leveraged long on ALPH-USDT at $2.50, using a collateral amount of $1,000. Your liquidation price is at $2.25. If ALPH drops to $2.25, your position will be liquidated and you will lose your $1,000 collateral. ⚠️ The higher the leverage, the greater the risk - Always be on the lookout for your margin ratio and wisely adjust your leverage in order to prevent liquidation. For further information, please consult the Liquidation section.