Collateral & Dashboard
Placing a Trade
To the right of the price chart is the
This is your trading control center.
Choosing the market
Click on the 'Change market' dropdown above the trading console
Choose your desired market -> chart and details will change
Go long or short
At the top of the trading console is a toggle
Enter the order size or leverage you wish to take
Choose (type) how many units of the asset you want to long/short -> $UST value and leverage will populate OR
Use the leverage slider to choose how much leverage you want to take on account -> order size and $UST will populate.
Note: the slider starts at your current account leverage
Place order & sign transaction
Press the (Place Long or Short Order) button at the bottom of the console.
A Terra Station prompt will pop up.
Sign and post the transaction
You must close any existing long positions before opening a short position, and vice versa.
Scroll below the chart and trading console and you'll find your current position details. This is also where you can
close your position
The details here are the same as on the dashboard's Trades display
The price at which your
will get liquidated. Since Vertex is a cross-margin trading platform, your position's liquidation price depends on the margin usage spread between all open positions.
Multiple trades/LP positions open -> liquidation price is dynamic across all account positions
Only this position -> liquidation price stays constant as long as no additional positions are opened
$UST value of funding payments you've made or received while holding the position
By clicking on this, you'll be prompted to sign and post a transaction on Terra station.
❗ When you close a position, your +/- unrealized PnL will be realized.
You will always be able to view the mark price & funding rate. You can choose to toggle between viewing the price chart or market details.
Is calculated by the vAMM's
, which you can learn more about here
Funding & Funding Rate
Periodic payments between long and shorts to push the price (AMM) of the perpetual close to the spot (oracle) price.
A line price chart based on the
price, who's address and last transaction you can find in the details section
Market commission: % taken of each trade that goes to liquidity providers
Liquidity: the pools total value in $UST
Maintenance margin: the minimum amount of equity an account must maintain
AMM deposited assets: the amount of non-UST assets
Collateral & Dashboard
🚦Placing a Trade
🪑 Current Position