Open Trade
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Market: To be used to open a trade immediately. It will open at the market price (+ spread).
Limit: To be used when you want to go long at a lower price than present, or to go short if the price reaches a higher price than present. Executes at exact price set if price reaches threshold + spread.
Stop: To be used when you want to go long if the price reaches a higher price than present, or to go short if the price reaches a lower price than present. You might want to use this to long a breakout, or short a breakdown. The execution price is the current market price + spread.
Take Profit (TP) and Stop Loss (SL) are essential tools for managing risk and locking in profits on LeverageX. However, their execution depends on several factors, including slippage settings. Slippage refers to the acceptable price difference between your set TP/SL level and the actual market price when the order is executed.
When the market price reaches your TP/SL level, the system checks whether the slippage tolerance (the difference between the expected and actual price) is within your set percentage.
If the market price deviates beyond the slippage tolerance, the TP/SL will not execute.
To ensure your TP/SL orders execute reliably, follow these tips:
Adjust Slippage Tolerance:
For less volatile assets, the default 3% slippage is often sufficient.
For highly volatile assets, such as meme tokens like $TRUMP or $MELANIA, consider increasing the slippage to 5% or higher.
Monitor Market Volatility:
Before trading, review the token’s volatility. The more volatile the asset, the higher the slippage setting should be.
Keep in mind that trading volatile assets requires more attention to TP/SL settings.
Test with Small Positions: If trading a highly volatile token for the first time, consider starting with a smaller position size to test the execution of TP/SL orders.
As a margin trading protocol where traders borrow leverage from liquidity providers, it’s critical to implement a system that fairly distributes available liquidity across different asset classes like stocks, crypto, forex, and commodities. To achieve this, we use a tiered Open Interest (OI) framework:
First, the maximum Open Interest (Max OI) is set to a percentage of the total TVL across all market-making vaults. This ensures sufficient liquidity for trading while maintaining a buffer to support LP withdrawals.
Next, this Max OI is allocated across different asset classes — such as stocks, crypto, forex, and commodities. Each asset class has a predefined OI allocation, which evolves based on market conditions and demand.
Finally, within each asset class, individual trading pairs also have their own OI limits. These per-pair caps prevent a single asset from consuming all available OI within a group. They are primarily in place for risk control and user experience optimization. The sum of per-pair limits within a group doesn’t need to total the asset class’s full OI allocation, giving us flexibility in fine-tuning access and exposure.
This system ensures scalable, sustainable access to leverage for traders while maintaining the integrity and health of the protocol.
You can set your slippage tolerance when opening a trade. The slippage setting can be found in the lower left corner of the trading interface.
