Margin trading provides users with services to trade with funds lent by the third-party.
Compared to common tradings, Margin trading allows the user to get more funds, and it will magnify both profits and losses.
(When reasonably utilized, margin can work as a tool to enhance the risk control capabilities of the assets on the whole.)
- Mobile app
1. Entering the Margin Trading Page
Log in to the WhaleFin account, go to the Trade section and select “Margin” on the top. The default trading pair is BTC/USDT, you may also click to change it to other trading pairs.
2. Margin Trading Settings
WhaleFin Margin trade only supports the cross-margin mode, and the default trading leverage is 1X.
a. Click here to edit trading leverage level.
b. Enter the trade setting page here
c. Settlement time zone
d. Trading leverage
e. Auto convert
f. Collateralize Earn assets
g. Settle with Earn
h. Negative balance protection
i. Auto settle
j. Reconfirm order
k. Email notifications
l. Portfolio stop-loss and take-profit
3. How to Open Positions
a. Select direction as “SELL” or “BUY”
b. Select order type as “Limit”, “Market”, “Stop-limit”, or “Stop-market”
c. Select duration as GTC, IOC, or FOK
e. Select “Reduce only” based on your needs
f. Enter the order price
g. Enter the amount or select the percentage available for opening
h. Click on [Long BTC/USDT] (if you choose “BUY” as the direction)
4. View Open Orders
a. If the order is not immediately filled, you may check its status at “Open Orders”.
b. You may edit or cancel the open orders.
5. View Open Positions
a. 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.
b. 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 try settling 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.)
6. How to Close Positions
a. Under “Open Positions”, click on of any open positions, and an order confirmation window will pop up.
b. You may choose between “Quick close” or“Limit close”, and the market price is displayed on the upper right corner.
c. You can edit both price and amount in“Quick close”, but you can only edit the amount in “Limit close”. Click to confirm.
7. How to Settle
a. At “Open Positions”, click on of a position to open the “Position Settlement”
b. Drag to select the settlement amount, or enter the amount in “Deduction”. You can also enter the amount in “Receiving”.
c. If you have insufficient balance, you need to deposit first to settle.
d. Click on to settle.
8. How to Set up Take-profit & Stop-loss
a. At “Open Positions”, click on of a position to open the“Take-profit & Stop-loss” window.
b. Set the take-profit and stop-loss price within the range displayed.
c. Set the take-profit and stop-loss amount. The amount is 100% by default, but you may edit it.
d. The expected P&L will be displayed.
e. Click on to complete the settings.
9. How to Check Open Orders
a. Click on “Open Orders” to view the status of the orders.
b. You can edit or cancel the open orders.
10. How to Check Order History
a. Click on [History] to view [Closed Positions] and [Order History].
b. “Total P&L” shows the accumulated profits and losses from the start time. Trade records of each position are displayed in the list below, and you can click to view the details.
c. “Order History” shows trading records and status of all orders.
1). 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
- Settlement time zone
- Trading leverage
- Auto convert
- Double-click order
- Collateralize Earn assets
- Settle with Earn
- Negative balance protection
- Auto settle
- Reconfirm order
- Email notifications
- Portfolio stop-loss and take-profit
3. How to Open Positions
Add trading pair
a. Add trading pair: Click on to add the trading pair of your choice.
b. Click on to see quotes in different quantities
Place an Order
a. Transaction type: select Spot or Margin
b. Enter the amount on the trading pair card
c. Click on “SELL” or “BUY”
d. An order confirmation window will pop up
e. Select the order type as “Limit”, “Market”, “Stop-limit”, or “Stop-market”
f. Select transaction type as “Margin”
g. Edit amount and price (when needed)
h. Select duration as “FAK” or “GTC”*
i. Click on 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.
1. 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
2. You may check the order status at “Open Orders”.
3. 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.
4. 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
Click on and you will see a confirmation window that allows you to edit the amount and price when needed. Click on to confirm.
How to Settle Positions
a. Click on to open the “Position Settlement” window.
b. Drag to select the settlement amount, or enter the amount in “Deduction”.
c. Click to confirm settlement.