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Margin Trading Guide

  • Updated

1. Overview17.png1. Margin trading assets

This area displays your Margin trading assets.

2. Trade settings, tutorial, and add trading pair

You can change trade settings, view the tutorial, or add trading pairs based on your needs.

3. Markets & Order

You can place orders on selected trading pairs. Prices will fluctuate with markets.

4. Order status

You can close/settle your positions in this area, or check closed positions, trade records, and order history. WhaleFin will calculate the funding fees based on your positions for your reference. If you do not wish to be charged with funding fees, you may enable the “Auto settle”function.

5. Open orders

This area displays orders that have been submitted but not fully filled. You may check the order status and fill ratio, or pause and cancel the order.

 

 

2. Trade Settings

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  1. Settlement time zone
  2. Trading leverage
  3. Auto convert
  4. Double-click order
  5. Collateralize Earn assets
  6. Settle with Earn
  7. Negative balance protection
  8. Auto settle
  9. Reconfirm order
  10. Email notifications
  11. Portfolio stop-loss and take-profit

3. How to Open Positions

Add trading pair20.png

  • Add trading pair: Click on21.png to add the trading pair of your choice.
  • Click on 22.png to see quotes in different quantities

 

Place an Order23.png

  • Transaction type: select Spot or Margin
  • Enter the amount on the trading pair card
  • Click on “SELL” or “BUY”
  • An order confirmation window will pop up
  • Select the order type as “Limit”, “Market”, “Stop-limit”, or “Stop-market”
  • Select transaction type as “Margin”
  • Edit amount and price (when needed)
  • Select duration as “FAK” or “GTC”* 
  • Click on24.png to place the order

* On FAK & GTC

 

FAK (Fill or Kill)

The order must be filled immediately in its entirety or it will not execute. 

 

GTC (Good ‘Til Canceled)

The order will continue to work until the order fills or is canceled.

 

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  • Once the order is confirmed, the order with fixed price and amount will be submitted to WhaleFin, and the status of the order will be displayed on the upper right corner.

 

View Open Orders and Current Open Positions

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  • You may check the order status at “Open Orders”.
  • Once the position is opened, the order will be displayed under “Open Positions”. You may close or settle the positions, and set the amount and price for closing.
  • You can also enable “Auto settle” to allow WhaleFin to settle your positions automatically before the funding fee is charged. *

 

(* When “Auto settle” is enabled, WhaleFin will settle all positions for the user before daily funding fees are charged. If the positions are unable to be fully settled on the given day, the “Auto settle”function will still be enabled for the next day.)

 

 

How to Close Positions

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Click on 28.png  and you will see a confirmation window that allows you to edit the amount and price when needed. Click on  24.pngto confirm.

 

 

 

How to Settle Positions

 

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  • Click on31.png  to open the “Position Settlement” window.
  • Drag 32.png to select the settlement amount, or enter the amount in “Deduction”.
  • Click 31.png to confirm settlement.

 

 

 

 

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