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Trade with Tribe3
Select the NFT collection you would like to trade by clicking on the Collection icon.
Open the collections list for comparison by clicking on the icon above all collections.
Click on the long / short panel to select the corresponding trading direction. Entering into a long position effectively means you enter into a futures contract betting on collection price to go up, and vice versa.
Input the collateral amount in the trade and set the slidebar to choose your desired leverage. The notional amount for this trade will be shown below.
Reference your available WETH balance above the collateral amount input box to find out the maximum amount of collateral you can pledge.
Reference your available WETH balance above the collateral amount input box when considering the amount of collateral you want to pledge (taking into consideration the required transaction fee).
Set the maximum allowed slippage tolerance for this trade, bear in mind that low slippage tolerance might result in an unsuccessful trade. Check the transaction fee and total WETH balance required before you click the confirm button to execute the trade.
Review the estimated transaction fee, entry price, price impact, and liquidation price of the trade in this section.
Once an initial position is opened, any subsequent trades will be merged with the existing open position you have for the collection (i.e. a blended position for the collection). Review the estimated details of the merged position by checking this section. We will go into more detail about leverage in the Leverage and Collateral Ratio section.
You can see more details about the open position of this collection in this section and manage it by increasing your position, adjusting the collateral, or partially/completely closing the position.
If you have an open position you can manage your risk by increasing or decreasing the current collateral for this position. The lower the leverage, the lower the chance of your position being liquidated. Adjusting collateral will change your current collateral and leverage of your position while keeping notional amount unchanged.
If you wish to exit the open position fully, you can close your position to realise your profit / loss by selecting max and then clicking on the confirm button.
On the other hand, if you wish to reduce your risk / notional amount (i.e. partially close an open position), simply select the desired percentage instead.
On your Portfolio, you can see all your open positions and keep track of your account value. Some major actions are available on this page including trading and adjusting collateral. You can also check your previous trading history on the history popup and view the details of each position.
You would be able to see the balance change in both Portfolio Collateral Value and Available WETH Balance in Portfolio. The available WETH balance should also be reflected on your wallet.
