What is AlphaSwap Perpetual Trading?

Perpetuals, perpetual trading, or perps are a special type of futures contract without an expiration date.

Futures trading allows users to enter positions on margin (leverage) using borrowed funds to optimize capital. Using leverage allows a user to enter a position with a larger size than their account balance. For example, a user could take 20x leverage and trade 200 WALEO for the price of 10 WALEO. In this example, the initial margin would be 10 WALEO which is used to collateralize the leveraged position.

AlphaSwap perpetual exchange is a novel LP-to-trader perpetual exchange on Aleo, offering up to 20x leverage. Utilizing LP pool liquidity and oracles, it ensures zero price impact, zero slippage, and deep liquidity. Oracles enable stable market operations during liquidations and stop-loss events, removing risks of position bankruptcy and LP pool fund loss. Users can open and close positions in one simple step, eliminating the need for additional accounts or deposits. The LP pool is also integrated into AlphaSwap to provide liquidity to the overall Aleo ecosystem. AlphaSwap users can swap using the liquidity from the LP pool.

Perpetual Trading Interface

Perpetual Trading Tab: This is where all the trading action happens. You can trade long or short on the three main blue-chip markets we offer: WALEO, WETH, and WBTC, with leverage of up to 20x.
Earn Tab: This is where passive users can participate. Users can join the liquidity pool and earn passive fees generated from trading activities. (For information on the earn tab and the liquidity used by perpetuals, head over to ALP Pool).
Perp Market Selector: Currently, we only support the three main blue-chip markets: WALEO, WETH, and WBTC.
Price Stats: Here, you can find a quick overview of the current real-time stats, including the current index price, 1-hour&24-hour price movement, 24-hour highs, and 24-hour lows.
Long/Short Selector: Choose whether you want to go 'Long' or 'Short' on the respective market.
Leverage Slider: Leverage is a trading mechanism. Traders can use it to increase their exposure to the market by allowing them to pay less than the full amount of the investment. In simple words, you borrow money to leverage your investment. Here, users can increase their trading size with leverage ranging from 1.1x to a maximum of 20x.
Order Summary: This section provides an order summary with all the information and stats calculated. (Please review and confirm your order before submitting the transaction).

Positions Tab

Positions Tab: The Positions tab is where you can view and manage all your current open positions.
Net Value Display: Shows the value of the currently open positions. By hovering over the number value of your position, you can see the overall position details. This includes the fees being incurred by your trading actions, such as opening, closing, and borrowing.
Size: Size indicates the current size of your positions factoring in the leverage as well. It's calculated as the initial collateral amount multiplied by the leverage level.
Collateral: This is the initial amount you provided when opening your long or short position. You can use the Edit Button to add or remove collateral to more closely manage your positions.
Entry / Market Price: The entry price indicates the price at which the position was opened. The market price indicates the current market price of the position asset.
Liquidation Price: The liquidation price is the threshold at which the mark price reaching this level triggers liquidation. This process is to repay any loan associated with opening the position.
Take Profit: Set up a Take Profit order for your position. A take profit order is a conditional sell order set by the user to close a position if it reaches a specified price level. This is a common way to secure profits on a winning trade at pre-defined price levels.
Stop Loss: Set up a Stop Loss order for your position. A stop loss order is a conditional sell order set by the user to close a position if it reaches a specified price level. This is a common way to limit losses on trades.
Close Positions / Share: Immediately close all positions or individually close positions, securing gains or losses at the current market price.

Trade History Tab

The Trade History tab is where you can review all your past actions and activities that have occurred with your open positions and orders.

Position: This column represents your position where the action or event was triggered, along with the current market ticker and the timestamp of when it occurred.
Action: In the Action column, you can see the specific action or event that occurred for the respective position.
Order Type: This column indicates the type of order that occurred for the position. For example, it could be Market, Trigger, Liquidation, or Failed.
Price: The Price column displays the mark price at which the action or event occurred, triggering the action order.
Size: This column reveals the size of the position that triggered the action or event.
PNL: The PNL column shows the Profit and Loss associated with the position.
Fee: In this column, you can find a transaction link to the action or event that took place on-chain.

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Last updated 9 months ago

Perpetuals, perpetual trading, or perps are a special type of futures contract without an expiration date.

Perpetual Trading Interface

Perpetual Trading Tab: This is where all the trading action happens. You can trade long or short on the three main blue-chip markets we offer: WALEO, WETH, and WBTC, with leverage of up to 20x.
Earn Tab: This is where passive users can participate. Users can join the liquidity pool and earn passive fees generated from trading activities. (For information on the earn tab and the liquidity used by perpetuals, head over to ALP Pool).
Perp Market Selector: Currently, we only support the three main blue-chip markets: WALEO, WETH, and WBTC.
Price Stats: Here, you can find a quick overview of the current real-time stats, including the current index price, 1-hour&24-hour price movement, 24-hour highs, and 24-hour lows.
Long/Short Selector: Choose whether you want to go 'Long' or 'Short' on the respective market.
Leverage Slider: Leverage is a trading mechanism. Traders can use it to increase their exposure to the market by allowing them to pay less than the full amount of the investment. In simple words, you borrow money to leverage your investment. Here, users can increase their trading size with leverage ranging from 1.1x to a maximum of 20x.
Order Summary: This section provides an order summary with all the information and stats calculated. (Please review and confirm your order before submitting the transaction).

Positions Tab

Positions Tab: The Positions tab is where you can view and manage all your current open positions.
Net Value Display: Shows the value of the currently open positions. By hovering over the number value of your position, you can see the overall position details. This includes the fees being incurred by your trading actions, such as opening, closing, and borrowing.
Size: Size indicates the current size of your positions factoring in the leverage as well. It's calculated as the initial collateral amount multiplied by the leverage level.
Collateral: This is the initial amount you provided when opening your long or short position. You can use the Edit Button to add or remove collateral to more closely manage your positions.
Entry / Market Price: The entry price indicates the price at which the position was opened. The market price indicates the current market price of the position asset.
Liquidation Price: The liquidation price is the threshold at which the mark price reaching this level triggers liquidation. This process is to repay any loan associated with opening the position.
Take Profit: Set up a Take Profit order for your position. A take profit order is a conditional sell order set by the user to close a position if it reaches a specified price level. This is a common way to secure profits on a winning trade at pre-defined price levels.
Stop Loss: Set up a Stop Loss order for your position. A stop loss order is a conditional sell order set by the user to close a position if it reaches a specified price level. This is a common way to limit losses on trades.
Close Positions / Share: Immediately close all positions or individually close positions, securing gains or losses at the current market price.

Trade History Tab

The Trade History tab is where you can review all your past actions and activities that have occurred with your open positions and orders.

Position: This column represents your position where the action or event was triggered, along with the current market ticker and the timestamp of when it occurred.
Action: In the Action column, you can see the specific action or event that occurred for the respective position.
Order Type: This column indicates the type of order that occurred for the position. For example, it could be Market, Trigger, Liquidation, or Failed.
Price: The Price column displays the mark price at which the action or event occurred, triggering the action order.
Size: This column reveals the size of the position that triggered the action or event.
PNL: The PNL column shows the Profit and Loss associated with the position.
Fee: In this column, you can find a transaction link to the action or event that took place on-chain.