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Kwenta | PerpsV2
Kwenta - Derivatives Trading with Deep Liquidity | Synthetix Perps - The Liquidity Layer of DeFi
First go to the Manage tab at the top, then select the Vault you'd like to perform your trades with.
"Switch to Optimism" Modal
Once you've switched to Optimism, you can select Kwenta (Perpetuals).
Vault Management Sidebar Navigation: Chain & Trade Type - Arbitrum & GMX Perpetuals
From here you will have a screen of current positions / previous trades (bottom center), the currently selected pair (top left), a chart for the currently selected pair (top center), deposit/withdraw margin balance ("Edit") button (right side), and your open/increase position menu (also right side).
Kwenta Perpetuals Screen
The button to Close a position can be found in the list of your current Kwenta positions (center bottom of screen), to the right of your current positions' information.
In the top left of the screen, just on top of the chart area, you can select the pair you wish to view or trade in. The list will likely be longer than can fit on your screen; you can scroll up and down this list.
Kwenta Pair List Open
For now, Vaults use isolated margin accounts for each pair. You will need to add margin separately for each pair you wish to trade.
Margin can be deposited or withdrawn as sUSD. You can spot trade to it from the Spot Trading screen on Optimism.
0x Spot Trading - Optimism
Near the top right of the Kwenta Perpetuals screen, you will find the sUSD Margin balance amount, and an Edit button to deposit or withdraw sUSD.
sUSD Margin Balance Edit - Hovered
Deposit or Withdraw Margin Account Balance
From the screen on the right, you can: · Manually enter a desired Position Size · Adjust your leverage between 0.01x - 50x with the slider · View the current entry price and estimated fees · Submit your Transaction
Perpetuals Open/Increase Menu: Long Position, 11.5x Leverage
Showing a 0 sUSD Margin balance? Each pair uses its own isolated margin account. Make sure to deposit sUSD for the pair you're looking at trading.
Managers may open up to three Kwenta positions, as long as each pair's margin accounts are appropriately funded.
Positions for separate assets are unique.
Multiple positions for the same asset are combined.
If you already have an open position and add another for the same token, in the same direction (i.e. another Long when you already have a Long, or a Short when you already have a Short), the two positions will be combined.
Doing so will increase the total collateral, and adjust the existing leverage based on what you opted for with the new position. (i.e. increasing or decreasing leverage proportionally to the new position's.)
Kwenta/PerpsV2 combines opposing positions. If you have an open Long, and open a Short, it will effectively close that portion of that Long.
If you initiate an opposing position that is larger than your current open position, it essentially results in the closure of the initial position. The excess amount beyond the closed position will constitute the size of your new position. To put it simply, if you already have a $5 Long position and you open a $15 Short position, the Long position will be completely closed, leaving you with a $10 Short position.
The second major section, near the center of the screen, is "Positions" and "Trades". Here you should see your active positions. (Recently opened positions may take a little bit to show up.) Click the Close button to the right of the position's information.
Positions Tab: sETH 9.15x Long with the Close Button Hovered
Close Long sETH Modal
This screen shows valuable information, including estimated Profit-and-Loss, price impact, and trade and execution fees.
Positions can take some time to update, and may not immediately display in the UI. If it has been more than 10 minutes, Hard Refresh (Ctrl+R) to ensure you've got the latest from the Valio App.
Long/Short Up to 50x Leverage
Long/Short Up to 50x Leverage with Isolated Margin Accounts