How do I Perpetual Swap?
Note: Perpetual Swap has a relatively higher risk than Spot Trading. Please DYOR on perpetual tradings other than the guidebook provided by BabySwap and know your own risks before you start trading.
You can find Perpetual in our Sidebar under Trade.
You need to deposit funds into the Futures account first at the bottom right corner. You also need to deposit the assets that you want to use as trading fees. (Such as BABY, with discount!)
USDT, BUSD, APX can be used as collateral to pay for the trade.
As mentioned, using BABY for fees gives you a 10% discount! So, why not?
Note: The trading fees are 0.02% of the notional value for makers and 0.07% for the taker. BABY will be the default payment option for trading fees, followed by APX (ApolloX’s token) and USDT. Any users who are paying the trading fees in BABY will enjoy a 10% discount on trading fees.
You can select an available pair by clicking the name of the pair at the top of the page.
More pairs will be available soon!
Let’s do perpetual swaps!
New to perpetual analysis?
Here is a guide to get started in the world of chart analysis:
You can make your position at the top left corner.
Remember to set your parameters:
1. Choose your Mode.
2. Leverage ratio
The amount of leverage is described as a ratio, such as 1:5 (5x), 1:10 (10x), or 1:20 (20x). It shows how many times your initial capital is multiplied. For example, imagine that you have $100 in your future account but want to open a position worth $1,000 in Bitcoin (BTC). With a 10x leverage, your $100 will have the same buying power as $1,000.
Disclaimer: Please use wisely and note that the higher ratio means a higher risk of losing your collaterals.
3. Type of Order
4. Place a price for your order.
Note: You can use “Last” to fill in with the current last price.
5. Order Size
After you’ve done with all settings, you can send the order by clicking on long, if it is a long order; or short, if it is a short order.
Once the order has been sent, it will appear in "Open Orders" until it is filled out.
When the order is filled, your position will be live. You can see it in the positions panel. Also you can view, edit, or close it.