JOJO.Exchange
  • JOJO EXCHANGE
    • 🔍Overview
    • 🚀Roadmap
    • 📣Announcement
      • 🛠️JOJO Exchange Upgrade to v2
      • 🤖Unlock Exclusive Rewards and AI-Powered Trading – The Future of DeFAI Awaits!
      • 🤝Transforming DeFi With Chainlink and Lido
      • 🪂JOJO's Airdrop Season 2!
      • 🎰Introducing Our New Mini-Game: Slot Machine!
      • 🪂Airdrop Season 1 claiming portal is ON!
      • 🤖JOJO is Integrating Chainlink Data Streams to Power Its Silicon-Based AI Exchange
      • 💡Upgrades to Chainlink Data Streams
      • 🪂JOJO's Airdrop Season 1!
      • 🍭You can now claim the reward for the 7-Day check-in Challenge!
      • ❗Notification of Environment Removal
      • 🪂JOJO's Airdrop Season 0!
      • 🪙New listing: WIF/USDC, ENA/USDC, CKB/USDC, BOME/USDC, W/USDC, ETHFI/USDC, ONDO/USDC, and DOGE/USDC
      • 🔖Fee Discount Notice
  • v2 product guides
    • 🧐Tutorials
      • How to Connect Wallet & login?
      • 💰Deposit & Withdraw
      • 📈How to trade Perpetual?
      • 📈How to Close a Position?
      • 📈What is a Limit Order, and how to place it?
      • 📈How to Place a TP/SL Order ?
      • 🕹️How to trade 1000X ?
    • 🤷FAQs
      • ❔How much leverage will be available on JOJO?
      • ❔Is there a deposit fee or withdraw fee on JOJO?
      • ❔What Happens When a Market Is Delisted
      • 📖How to Set Email
      • 📖What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • 📖How to Swap USDC ?
  • 💵Fees
  • ⚖️Funding Rate
  • 💸Liquidation
  • 🔑API Keys
  • v1 Product guides
    • 🧐Tutorials
      • How to Connect Wallet & login?
      • 💰Deposit ,Transfer & Withdraw
      • 📈How to trade Perpetual?
      • 📈How to Close a Position?
      • 📈What is a Limit Order, and how to place it?
      • 📈How to Place a TP/SL Order ?
      • 👤How to use Sub Account?
      • 📈One-click Trade
      • 🕹️How to trade 1000X ?
      • 💰How to get JOJO airdrops?
      • 💰How to stake JOJO and get veJOJO?
    • 🤷FAQs
      • ❔Will there be more trading pairs in the future?
      • ❔What collateral does JOJO accept?
      • ❔How much leverage will be available on JOJO?
      • ❔What is One-click Trade and How does It Work?
      • ❔Is there a deposit fee or withdraw fee on JOJO?
      • ❔Why Trading on JOJO is Safe?
      • ❔Why do I keep receiving risk warning emails from JOJO?
      • ❔What Happens When a Market Is Delisted
      • 📖How to Set Email Notifications
      • 📖What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • 📖How to Swap USDC ?
    • 🤖Ai Revolution
    • 📖Glossory
    • ✨Trading Pairs
    • 💵Fees
    • 🤑Prices
    • ⚖️Funding Rate
    • 💸Liquidation
    • 🤖Grid Bot
    • 🤩1000X Trading
    • 📪Sub Account
    • 🧑Referral Program
    • 🔰Multi-collateral system
      • Leverage your earning with mUSDC!
    • 🧲Flexible Earn
    • 🔐JOJO airdrops and staking
  • Smart Contract
    • 🎯Contract Addresses
    • 🕵️Bug Bounty & Audit
  • JOJO TOKEN
    • 📊Allocation
    • 🔒Token Economy
  • Arbitrum Alpha Test
    • 🤝Sunset Plan
    • 🎯Contract Addresses
    • ⚗️STIP
    • 🎙️Announcement
      • 🪙JOJO has listed WLD/USDC, AGIX/USDC, AR/USDC, STRK/USDC and 13 new trading pairs!
      • 🧰Notice of Legacy Network Decommissioning
      • 🧰Smart Contract Upgrade Announcement
      • 🔧Maintenance Notice
      • 🔮BIG UPDATE of JOJO's Bizarre Adventure: all points earned x 100!
      • 🪙JOJO has listed MEME/USDC!
      • 🔮JOJO's Bizarre Adventure Event is now alive!
      • 💰New collaterals: ARB!
      • 💰New collaterals: wstETH and GMX!
      • 🪙JOJO has been listed ARB/USDC, SOL/USDC, and LINK/USDC!
      • 🔖Notification of Environment Removal
  • LEGAL
    • Risk Reminder
    • Terms of Use
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On this page
  • 1. Opening your position.
  • 2. Check your position status.
  1. v2 product guides
  2. Tutorials

How to trade Perpetual?

PreviousDeposit & WithdrawNextHow to Close a Position?

Last updated 1 year ago

1. Opening your position.

  • If you are bullish on the market, you should buy/long.

  • If you are bearish on the market, you should sell/short.

In the [Trade] page, you can choose to place a [Market Order] or a [Limit Order].

We take the [Market Order] as an example here.

A Market Order will be executed at the current market price as soon as possible after the user places the order.

You can manually input the amount you want to trade or pull the slider for your preferred ratio. Then click [Buy / Long] to place your order.

Meanwhile, you can see some important information about the [Market Order].

Those information will change depending on the USDC amount of orders you place, the current market price, and the amount of margin left in your account after placing an order.

[Buy/Sell Amount]: Total amount of tokens buy/sell at the market price.

[Buy/Sell Cost]: Total price of tokens buy/sell at the market price, calculated in USDC.

[Liq. Price of Buy/Sell]: Settlement price of the buy/sell order.

[Leverage change of Buy/Sell]: Leverage change for the buy/sell order.

[Buy/Sell fee Maker/Taker]: Maker/taker fees for the buy/sell order.

2. Check your position status.

After you place an order and the order has been settled, your position will appear in the lower-left corner of the trading page.

Once the order is placed, the JOJO system will display the [Order successfully] prompt in the upper-right corner.

When the price rises, a long position will generate profits, with a positive PnL. You can choose to continue holding the position to seek greater profits or click [Close] to lock in your profits.

If you choose to continue holding your current position, a safer approach is to set a TP/SL (Take-profit/Stop-loss) order.

🧐
📈
📈What is a Limit Order, and how to place it?
📖What is PnL and How to Calculate It?
📈How to Place a TP/SL Order ?