Trade with Tribe3
Last updated
Last updated
Select the pair you would like to trade.
Click on the long / short to select the corresponding trading direction. Entering into a long position effectively means you are entering into a futures contract betting on the collection price going up, and vice versa.
Choose market order if you want to place the order immediately at the best price available. Alternatively, use limit order to set the desired price for execution.
Slippage tolerance is the maximum price change you are willing to accept in the event of a price change between the time of trade submission and the time when trade actually happens. Bear in mind that low slippage tolerance might result in an unsuccessful trade. The default slippage tolerance is set at 0.5%.
To set your collateral amount, you have three options: you can input the value directly, use the slider, or more conveniently, hit the “Half” and “Max” buttons.
Click on the leverage options to select the leverage you want to trade with. Leverage options range from 1x to 5x.
Review the estimated notional size, transaction fee, entry price, price impact (only for market trades), and liquidation price of the trade in this section.
Set the maximum allowed slippage tolerance for all trades, 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.
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 closing the position.
You can also check your orders of this collection in this panel and cancel the order.
If you have an open position you can manage your risk by increasing or decreasing the current collateral for this position. The lower the multiplier, the lower the chance of your position being liquidated. Adjusting collateral will change your current collateral and multiplier 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. Please be aware that partially closing a position won’t release any collateral.
