Simple-Mode Perpetual Trading: Locked Quotes, Leverage, and Risk Controls
Summary
The document describes an app-based interface for trading the same expiry perpetual contracts available in a more advanced exchange screen. Traders select long or short, choose leverage up to the stated cap, and review a fixed entry quote before confirming. The interface sets leverage to 3x by default and allows take-profit and stop-loss levels to be added when opening a position. Settlement is offered in USD or specified stablecoins, and the product is described as supporting isolated margin.
The stated distinction between simple and exchange modes is primarily execution and configuration: simple mode presents a quote and automates some settings, while exchange mode exposes an order book, live market pricing, and additional margin choices. A fixed quote before confirmation clarifies the opening price presented by the platform, but the document gives no information about quote duration, closing execution, funding, liquidation thresholds, or costs. It is a product overview, not an independent assessment of execution quality or leveraged-trading suitability.
Key ideas
- Simple mode presents a fixed entry quote for review before a trader confirms an opening position.
- The interface supports long and short positions and sets leverage to 3x by default, with a stated maximum of 10x.
- Take-profit and stop-loss instructions can be configured when opening a position.
- Exchange mode exposes an order book and offers more manual control over margin and execution choices.
- The overview omits key terms such as fees, liquidation rules, and quote validity.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.