Trading Perp

Opening a position

To open a leverage position on the BEAN exchange, you have the option to choose either "Long" or "Short".

Once you've decided on your desired position, enter the amount you wish to invest and the leverage level you want to utilize. In the given example, 10 SUI, equivalent to 10 USD, is being used to purchase a 5x leverage SUI long position with a total size of 50 USD.

[Image of UI] You can find important information related to leverage trading. This includes the "Entry Price" at which you enter a position, the "Liquidation Price" which triggers an automatic exit if reached, and the "Exit Price" used to calculate immediate profit upon opening and closing a position.

Fees are applicable when opening and closing positions, with a trading fee of 0.1% of the position size. Additionally, there is a "Borrow Fee" deducted hourly, based on utilization and calculated as a percentage of borrowed assets relative to the total pool assets.

While trades are not impacted by prices, slippage can occur due to price fluctuations between transaction submission and confirmation on the blockchain. Slippage can be customized by accessing the settings through the icon next to your address on the page.

Managing Positions

[Image of UI] Once you have initiated a trade, you can monitor it in your Positions list. If necessary, you can click on "Edit" to make adjustments such as depositing or withdrawing collateral. This flexibility allows you to manage your leverage and liquidation price effectively.

It's important to note that when depositing collateral into a long position, there is a 0.3% fee applied for converting the asset into its equivalent USD value (e.g., SUI to USD). This fee ensures that deposits are not utilized as zero-fee swaps. However, this fee does not apply to short positions. Additionally, there are no fees for withdrawing collateral from both long and short positions.

Closing a Position

To close a position on the BEAN exchange, you have the option to either partially or completely close it by clicking on the "Close" button.

When it comes to long positions, any profits earned will be paid out in the same asset you are longing. For example, if you are longing SUI, your profits will be received in SUI.

On the other hand, for short positions, profits will be paid out in the stablecoin that you initially used to open the position, such as USDC or USDT.

Stop-Loss / Take-Profit Orders

You have the option to set stop-loss and take-profit orders by accessing the "Close" button and selecting the "Trigger" tab. Once you create a trigger order, it will be visible in your position's row and under the "Orders" tab. You can edit the order and adjust the trigger price if necessary.

Please note that if you manually close a position, any associated trigger orders will remain open. You will need to cancel them manually if you don't want them to be active for future positions.

It's important to understand that orders are not guaranteed to execute. There are several factors that can prevent execution, such as the mark price not reaching the specified price, the specified price being reached but not sustained for execution, or no keeper picking up the order for execution. Additionally, trigger orders are market orders and may not execute precisely at the trigger price.

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Liquidations

Liquidation price is calculated based on the condition where the (collateral - losses - borrow fee) is less than 1% of the position's size. If the token's price crosses this point, the position will be automatically closed.

It's crucial to monitor your liquidation price because it can change over time, especially if you use high leverage (more than 10x) and keep the position open for several days. Remember, if there is any remaining collateral after deducting losses and fees, that amount will be returned to your account.

Fees

• When you open or close a position, there is a fee of 0.1% based on the position size.

• If a swap is required during this process, a regular swap fee applies, which ranges from 0.2% to 0.8% of the collateral size depending on the balance improvement or reduction.

• Additionally, there is an execution fee displayed as the "Execution Fee", covering the costs of the blockchain network.