The market panel
At the top of the page you will see the selected market, current price, and recent price movement. The main chart is intentionally simple. You can switch the time range to get a broader view without changing the trading flow. Use Market stats when you want more context before placing the order.Choose your direction
The trade panel has two clear choices:- Buy to purchase an asset in a spot market; Long to open a perpetual position that benefits if the price rises
- Sell to dispose of an asset you hold in a spot market; Short to open a perpetual position that benefits if the price falls
Enter the trade amount
Enter the amount you want to trade in the amount field. When your account is funded, the quick controls let you size the trade using a percentage of your available balance. Before submitting, Leap shows the key numbers created by your settings:- Estimated margin
- Position value
- Estimated quantity
Leverage and margin
Simple mode shows the leverage and margin mode directly in the trade panel. For example, a 100 of initial margin before fees, funding, price movement, and other account effects. That does not mean the trade is only worth 500.Risk: Higher leverage means less margin is needed for the same position value, but it also increases liquidation risk. Do not choose leverage based only on how large a position it lets you open.
Order settings
Open Order settings to review execution settings such as order type and slippage. A higher slippage tolerance can make an order more likely to execute in a fast-moving or thin market, but it can also result in a worse fill.Review before you trade
Before selecting the final trade button, check:- the correct market
- long or short
- trade amount
- leverage
- margin mode
- order settings
- estimated margin and position value
After the order
Below the chart you can switch between:- Positions
- Open orders
- History