TsunamiX
  • TsunamiX
  • Guides
    • Why TsunamiX?
    • Product Walkthrough
      • Setup Wallet
      • Bridge Funds To TsunamiX
      • Swap
      • Aggregator
      • Price Feeds
    • How does margin trading work?
    • How does being a LP work?
    • NAMI Governance Token
  • TsunamiX V1
    • Trade With Leverage
      • Opening a Position
      • Editing Positions
      • Closing Positions
      • Liquidations
  • TsunamiX V2
    • Trade With Leverage
      • Opening a Position
      • Editing Positions
      • Closing Positions
      • Liquidations
  • Extras
    • V1 FAQs
    • V2 FAQs
    • Long Term Roadmap
    • Future Roadmap
      • Dynamic Liquidity Pricing
    • API Documentation
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On this page
  • What is a Position?
  • How to Open a Position
  1. TsunamiX V1
  2. Trade With Leverage

Opening a Position

What is a Position?

When opening a leveraged trading position on TsunamiX you specify three inputs:

  • Trade Type, either going Long or Short

  • Collateral Amount, can be in any TLP asset for longs, and stablecoins for shorts.

  • Leverage, which can be any value between 1.1x & 40x (for now!)

By submitting the order and confirming the transaction, your specified inputs will be used to create a User Position tied to your wallet on the blockchain.

User Positions consist of the above inputs, along with the following parameters:

  • Entry Price, the average oracle price at the time of order creation

  • Market Price, the current oracle price for the underlying asset

  • Liquidation Price, the price at which your collateral is liquidated

  • Net Value, Initial Collateral + PnL - Borrow Fees

  • Size, defined as Collateral * Leverage

As the Market Price increases or decreases, so will the value of your Collateral & Position Size.

The more leverage you take on, the more profit you make for changes in Market Price.

How to Open a Position

Once you select a position type, you need to choose an asset to Long or Short. Below is what the UI looks like when you are longing BTC.

Once your position is open it will be displayed in the Activity Section, which can be found at the bottom of the screen.

PreviousTrade With LeverageNextEditing Positions

Last updated 11 months ago

In order to open a position go to and select the type of position you would like.

https://tsunami.finance/trade
The Activity Section can be found at the bottom of the Trade page