❔How to Trade (Isolated Margin Mode)
Last updated
Last updated
First, the trader needs to select the trading mode to execute trades on. In this case, Isolated Margin.
Link to trade: https://beta.pear.garden/trade?app=isolated
Now inside the app, a trader needs to place a pair trade. In the scenario below, a trade wants to place a trade where they long Bitcoin (BTC) and short Solana (SOL) to create a BTC/SOL pair trade.
Select asset to long
Click on the first section of the trade panel (on the left of trade app) indicated by its green color and the words LONG - this indicates the token selected for making a long position (buying) within a grey box.
Select asset to short
Traders can repeat the same process for the token to short, clicking on the token section of the red box below, indicated by the words SHORT that shows the token to short inside a grey box.
Choose from tickers section (alternative)
For traders that prefer to filter their pairs (long and short tokens) depending on their daily changes or simply to save some clicks, the tickers section on the right allows for quick searching and choosing.
Choose trade collateral and select leverage
Here traders can choose how much collateral they want to use for every trade. In this case, the user deposited $10 of collateral (the total we are willing to risk). Then traders can select leverage based on the total notional exposure a user wants to achieve.
If a trader wanted to have $100 of notional exposure then they would slide leverage to 10x (alternatively, traders can input the amount of leverage for more specificity).
Confirm pair trade details
In this case, a trader would be long $50 notional of $BTC perps ($5 of collateral * x10 leverage) + short $50 notional of $SOL perps ($5 of collateral * x10 leverage).
Traders don’t need to make these calculations for themselves, they just state how much they want to trade with (collateral), the appropriate amount of leverage and then proceed to place a trade.
In the Confirm Position pop-up, traders can see their collateral, leverage, total position value, liquidation price, and total fees to pay to open their trade.
Place trade (Approve USDC and Open Position)
After confirming the pair trade's details, traders can click on the APPROVE button, which triggers their wallet to approve USDC for the trade (amount to approve will be equal to total collateral chosen in trade panel input)
Once approved, they can click on the OPEN POSITION button. This will prompt their wallet to confirm opening their trade.
After a few seconds, users will get visual confirmation that their trade has opened.
Confirm trade in Position List
In the position list, traders will have the OPEN tab, which typically shows all their opened pair trades. The green background on the $BTC position reflects that it is a long, the red reflects a short position with $SOL.
Check Trade Details / Manage Collateral / Share Trade
Apart from being able to set up your pair trades with a few clicks, traders can also manage their positions' collateral, share a trade, and see more specific details about individual legs of their positions.
Close a Trade
Closing a trade is a straightforward process as well. Whether the position has positive or negative PnL, the process takes no more than 2 clicks.
Traders can close positions partially by choosing how much of the total position size they want to close, then check how much they will receive back on their wallet on the RECEIVE section, and then click on CLOSE POSITION.
A wallet request will be triggered. Once confirmed, a few notifications will make it clear the position has been closed and the list will be updated soon.
