Open Position

Select your desired trading pair and open a long/short position.

Step
Description

1. Choose your Order Type

Market Order

  • Buying/selling immediately at the current market price

Limit Order

  • Buying/selling only when the market price reaches your specified target price

  • not applicable to 500x, 750x, 1000x leverage

  1. Enter the Collateral to be used

You can pay collateral by using any of the assets supported in MLP:

  • Cronos EVM: USDC

  • Cronos zkEVM: vUSD, zkCRO

  1. Set the desired Leverage

1-100x

  • available to all traders

  • trading pairs may have different max leverage

500x, 750x, 1000x - unlock by fulfilling staking requirement:

  • Cronos EVM: 200 $MLP

  • Cronos zkEVM: 1000 $MLP

  • see $MLP for more information

  1. Set Take Profit/Stop Loss Orders (TP/SL)

Take Profit

  • Closing a position automatically and realizing profits when the market price reaches a specified price level

  • For Leverage <50x, the maximum level is 550%

  • For Leverage >=50x, the maximum level is 350%

  • Default is set to be 100%

Stop Loss

  • Closing a position automatically and minimizing losses when the market price reaches a specified price level

TP/SL orders cannot be canceled once created. You can only edit the order.

  1. Set the desired Slippage

Set the maximum discrepancy between the expected price of a trade and the price at which the trade is executed

Not applicable to Limit Order

  1. Pay Fees

Open Fee and Execution Fee are charged when opening positions

Fees are deducted from your wallet together with the collateral

There is no Open Fee for positions with 500x, 750x, 1000x Leverage

See Fees for more information

Note that positions under the same trading pair will be created as individual positions upon each position creation. They will not be unified.

Once the maximum open interest (OI) is reached for Long and Short Positions respectively for a trading pair, opening position in that direction will be temporarily suspended. This helps to

  • prevent excessive losses in MLP in case of adverse market movements

  • maintain market stability by preventing the accumulation of disproportionately large positions that could impact market dynamics

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