📈Trading Tutorial
Last updated
Last updated
This guide will walk you through the process of trading on Perps V3, covering:
Wallet Connect & V3 Account Creation
Collateral Deposit (Bridging help can be found here Bridging on Kwenta)
Select an Asset & Opening a Trade
Collateral Withdrawal
If you need help getting bridging ETH check out Bridging on Kwenta
If your wallet isn’t already connected, you’ll want to hit ‘Connect wallet’ at the top right of the screen and follow any MetaMask prompts.
Click "Create Account" once your wallet is connected. Name your account, click "Create Account", accept terms and conditions if desired and sign transaction., during which you will:
Step 1: Create your account
Step 2: Grant the Kwenta margin engine permission to manage your Synthetix trading account.
Step 3: Deposit some USDC collateral to your cross margin account.
Non-stable collaterals accepted are wETH. tBTC, while stable coins such as USDe and USDx are support as well.
The price of the supplied collateral will impact the total/free collateral of your account, where if the price rises this will increase the total/free collateral. On the other hand, a declining price will reduce the amount of collateral available.
Click “Manage” or the double arrows next to available balance. A modal will spawn and within it you can enter a collateral amount to be deposited into your account for use when trading.
Please confirm the transaction in your Web3 wallet.
Choose your the asset from the available options in the asset selector dropdown menu. Once picked you will land on the assets Futures Trading page and can start the process of opening a trade.
Short Position: Opt for a short position if you anticipate the asset's price will decline over your trade's duration. This position benefits from a decrease in market prices.
Long Position: Choose a long position if you expect the asset's price to increase. This position benefits from a rise in market prices.
Stop Order: This order type is used to minimize losses or to enter a position automatically when the market reaches a specified price. It can be set to trigger a sale to close a position at a loss (stop-loss) or to enter a position once the price crosses a particular threshold.
Limit Order: Limit orders allow you to set a predefined price for entering or exiting a trade. It's ideal for taking profits at a specific price point or entering a trade at a more favorable price than the current market rate.
Market Order: Executes immediately at the current market price. This order type is used when the timing of the trade execution is prioritized over the execution price.
For more information on order types see Conditional Orders
Determine the trade size.
You can manually enter the amount or use a the leverage slider or leverage input buttons.
Once entered you can see the trade details & cost breakdown from futures contract
When satisfied simple hit "Open Position" and follow your wallets on screen execution prompts.
Regularly check your open positions, account margin, and account health to avoid liquidation.
Click “Manage” or the double arrows next to available balance. A modal will spawn and within it you can select "withdraw" enter a amount to be withdrawn from your account.
When your balance is in debt (i.e., negative PNL), you are unable to withdraw any collateral. However, Total Collateral, Free Collateral, and Buying Power are unaffected. To enable withdrawals again, you’ll need to pay down your debt balance.
