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Perpetual Trading on Amped Finance

Amped Finance allows you to trade perpetuals in a permissionless, decentralized, and non-custodial way. This tool is currently available on LightLink, and allows you to trade long and short with leverage ranging from 1.10x to 100x on ETH and BTC. You can open positions using collateral such as WBTC, ETH, USDC and USDT.

You only need a cryptocurrency wallet, such as Metamask, Coinbase Wallet, Exodus, Trust Wallet, or WalletConnect, and some ETH to start trading.

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How to Trade Perpetuals

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1. Connect Your Wallet

To connect your wallet, visit https://amped.finance/#/trade and click on ‘Connect wallet’

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2. Opening a Position

To trade an asset:

  1. Click on the pairs displayed at the top left of your screen
  2. Select the asset you want to trade from the dropdown menu

Next, choose your position type:

  • Long Position: Profit when the token’s price increases, loss when it decreases
  • Short Position: Profit when the token’s price decreases, loss when it increases

Select your order type:

  • Market Order: Enter position immediately at current market price
  • Limit Order: Enter position at your specified price (may not execute immediately)

Configure your position:

  1. Select collateral asset
  2. Enter investment amount
  3. Choose leverage level

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Understanding Fees

There are three types of fees:

  • Opening fees: 0.1% of position size
  • Closing fees: 0.1% of position size
  • Borrowing fees: Charged hourly based on utilization (assets borrowed / total assets in pool * 0.01%)

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Setting Slippage

Slippage tolerance is set to 0.3% by default. To adjust:

  1. Click your address in the top right
  2. Select “Settings”
  3. Adjust slippage percentage

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Position Management

Monitor your positions below the chart in the ‘Position’ section. You can:

  • View position details on the chart
  • Add/remove collateral
  • Add trailing stops
  • Set Stop Loss/Take Profit orders

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Closing Positions

You have three options to close positions:

  1. Complete Close: Click ‘Max’ and confirm
  2. Partial Close: Enter the amount to withdraw
  3. Stop Loss/Take Profit: Set trigger prices for automated closing

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Partial Liquidations

The Liquidation Price is the price at which your collateral minus losses and borrow fees falls below 1% of your position size. Monitor this carefully as it changes over time due to borrow fees, especially with high leverage positions held for extended periods.

If liquidation occurs, any remaining collateral after deducting losses and fees will be returned to your wallet.