MUMMY Finance
Launch App
  • Introduction
  • Audits
  • Tokenomics
    • Staking lzMMY on Optimism
  • Rewards
  • Earn
    • MLP
    • MSLP
      • Multi-asset Minting (Fantom Opera)
  • Trade
    • Trading V1
    • Trading V2
      • Positions
        • Profit, Loss, and ROI
        • Increase Collateral/ Leverage
        • Add to Position
        • Triggered Orders
        • Edit Triggered Orders
        • Close Position
      • Platform Mechanics
        • Pyth Price Feed
        • Fees
        • Risk Mitigation
    • Asset Pairs and ID
  • Swap through Aggregator
  • Prediction
    • How to Use Prediction
    • Prediction FAQ
    • Prediction Troubleshooting
  • Wormhole Bridge
    • Wormhole Bridge Guide
    • Wormhole Bridge FAQ
  • Mummy NFT
    • Mummy Club on Fantom
      • Why should you buy Mummy Club NFT?
      • The early bird gets the fat worm
      • Mummy Club Sale Details
      • How to buy and earn with Mummy Club NFT
      • How to stake Mummy NFT and Real Yield on Mummy
    • Mummy Rebirth NFT on Fantom
      • Mummy Rebirth Benefits
      • Mummy Rebirth Sale Details
      • ⚠️Cautions
      • How to mint Mummy Rebirth?
      • FAQs
    • Mummy Club on Optimism
      • Why should you mint NFTs on Optimism Mummy Club?
      • Mummy Club 2nd collection sales details
      • How to buy and earn with Mummy Club NFT on Optimism
  • Social Features
    • Referrals V1
    • Referrals V2
    • Position Share
  • Helpful Guides
    • Trade Guide
      • Deposit/ Withdraw Collateral
      • Open/ Close a position
      • Edit Position
        • Add to position
        • Increase Leverage
        • Increase Collateral
        • Add Take Profit/ Stoploss
        • Add Trailing Stop
    • Connect Wallet
      • Connect with MetaMask
      • Connect with CoinBase
      • Backup RPC URLs
  • Contracts
    • Contracts V1
    • Contracts V2
  • Mobile
  • Community Groups
  • Terms Of Use
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On this page
  • Open a position
  • Close a position
  1. Helpful Guides
  2. Trade Guide

Open/ Close a position

PreviousDeposit/ Withdraw CollateralNextEdit Position

Last updated 1 year ago

Open a position

  1. Deposit your fund to start trading

  2. Choose a pair to trade

  1. Input trading amount and start your trade

When you click on the 100% option, your max collateral amount will be estimated based on your free collateral and Open pos. fees.

As you can see in the image below, the Free Collateral is ~$6.55. However, when choosing 100%, the amount of collateral in the input box is ~$6.54. The $0.01 decrease is due to deduction from Open Position Fees.

  1. Confirm your order

Close a position

  1. On Open Position tab, click "Close" on the Pos. ID you want to close. The Close Position modal will popup.

  1. On the Close Position modal, enter the amount of token's quantity you want to close, or you can choose the percentage amount.

You can check the fees amount that you have to paid in the Fees section.

  1. Click "Close Position" and Confirm on your wallet.

You can check your collateral balance on the menu bar or on Account Overview page.

Collateral balance on menu bar
Collateral balance on on Account Overview page