This is a step-by-step guide on how to place your first trade on OX.FUN. More info on anything related to trading can also be found on our Support center.

1. This step-by-step guide presumes you have already created an OX.FUN account and deposited assets to use as collateral to trade. Detailed info on how to create your account and deposit can respectively be found here and here.

2. To start trading head to the “Trade” section of the site using the top navigation bar

3. Select the perps pair you would like to trade by using the drop down menu in the top left of the screen & scroll to select a pair or search for the token you want to trade using the search bar. You can trade 50+ token pairs on OX.FUN.

4. Once you’ve selected the token you want to trade you first need to choose whether you want to go LONG (Buy Perp) or SHORT (Sell Perp). You then enter the price you want to enter the trade at and the size of the trade by entering either the “Amount” of perps you want to buy OR the $ Value of the perps you want to buy under “Notional Total”

   

5. When deciding the size of your trade the most important number to note is your “Margin Ratio” - if your margin ratio ever reaches 100% you will be liquidated meaning your position will be closed and your collateral will be sold. So ensure that your margin ratio is at a level you are comfortable with.

   

6. Once you’re happy with your trade price and sizing hit the BUY/LONG or SELL/SHORT button to place the trade

7. If your order is not immediately filled, it will be placed in the “Open Orders” section at the bottom of the Trade page - here you can modify or cancel your trade at any time before it is filled. You’ll also be able to see the current trade price of the token in the Order Book section and the location of your order in the orderbook.

   

8. Once your order/s are filled you’ll be able to see your trade under “Positions” at the bottom of the page. You’ll also be able to see other information such as: The Value of your position, your Entry Price, Current Price, Liquidation Price and your PnL (Profit/Loss) on each position. You’ll also be able to see in the bottom right of the screen your Margin Ratio, your Total Leverage and your Collateral Balance

9. Because OX.FUN uses Cross Margin - you can hold multiple Long/Short positions open at the same time

   

10. To close a trade simply click “Close” next to the open Position you wish to close

11. You’ll be presented with a Close Position pop-up where you’re able to either “Market Close” your position (which instantly closes your position using the market price in the orderbook) OR you can “Limit Close” your order by specifying a price at which you wish to close your trade and once/if the market hits that price your trade will be closed. To toggle between Market Close and Limit Close click the Market Close/Limit Close button.

    

12. You’ll also have the choice to fully close or partially close your position. To fully close your position select “100%” in the Close Position pop-up. To partially close a position select 25%, 50% or 75% OR manually enter the number of contracts you wish to close in the text box above.

13. To execute the closing of your position click the “Close” button in the Close Position pop-up

14. Market Close orders will be instantly executed. Limit Close orders that don’t instantly execute will be visible in your “Open Orders” section until they are filled. Here you can modify or cancel the order at any time until it is filled.

15. All Profit and Loss on OXFUN is paid out in OX so when you return to the Balance screen you will see either a positive or negative OX balance depending on whether your placed profitable or losing trades

    

    Congratulations you have now placed and closed your first trades on OX.FUN!