Step 1: Open the Perps page in the top menu.
Step 2: To select a different Market, tap the drop-down.
Step 3: Select Buy (Long) or Sell (Short) in the trade form.
Note: Funding is exchanged between open long positions and open short positions:
If the perpetual contract trades at a premium to the underlying spot price, then longs pay funding, while shorts receive funding.
If the perpetual contract trades at a discount to the underlying spot price, then shorts pay funding, while longs receive funding.
Step 4: To select a Market order, tap the dropdown.
Note: For order types such as Fill or Kill, select Advanced.
Step 5: Enter order Size or select Leverage.
Step 6: Enter the Limit Price.
Note: The Limit Price defaults to the best Bid Price or Ask Price on the orderbook.
Step 7: Select Open Position to submit the order.
Step 8: View your Open Position or Open Order.
