Opening a Position
User Flow
On LeverUp, traders can customize their positions by choosing collateral type, exposure size, leverage, and optional risk controls like stop-losses and take-profits. The platform supports market, limit, and stop orders from the start
Price feeds are delivered on-demand, using Pyth low-latency oracles. The Pyth Pull Oracle monitors emitted price request events and triggers price retrieval when requests are initiated.
Multiple collateral support
Different collateral will have isolated pool, say position in LVUSD will not affect position in LVMON (LeverUp-MON).
Trade Settings
Order Type
- Market Order: Executes immediately at the current market price.
- Limit Order: Executes only when the market price reaches your specified target price.
- Note: Limit Orders are not available for 500x, 750x, or 1001x leverage.
| Standard (up to 100x) | 500x, 750x, 1001x | |
|---|---|---|
| Available order type | Market, Limit | Market |
| Add / remove collateral on an open position | Yes | Yes — but leverage must stay above 485x |
| Open fee | 0.03% of position size | Zero — see Zero-Fee Perpetuals |
| Close fee | 0.03% of position size | Zero when PnL ≤ 0. When PnL > 0, the lesser of 85% of PnL and 0.07% of position size. |
| Execution fee | Free | Free |
| Holding fee | Same for both modes — see Holding & Funding Fees | Same for both modes — see Holding & Funding Fees |
| Funding fee | Same for both modes — see Holding & Funding Fees | Same for both modes — see Holding & Funding Fees |
Take Profit (TP) and Stop Loss (SL)
- Take Profit (TP):
- Automatically closes the position to secure profits at a target price.
- Default TP = 500%.
- Stop Loss (SL):
- Automatically closes the position to limit losses at a target price.
TP and SL are separate orders attached to the position, not properties of it. You can attach several of each to the same position — for example three take profits at rising prices to scale out of a winner — and each can be edited or cancelled independently at any time.
Take-profit cap
Take profit is capped at 550% of PnL, enforced as a risk control measure. Over time, this threshold may be raised or removed entirely, if ongoing risk analysis shows that the safeguard is no longer required.
For where to place TP and SL levels on longs and shorts, see Take Profit & Stop Loss.
Slippage
Define the maximum acceptable difference between the expected price and the actual executed price.
- Applies only to Market Orders.
- Not applicable to Limit Orders.
- When the price is reached and the order is executed, the execution price will be adjusted by the slippage.
Fees
- Open Fee and Execution Fee are charged when opening positions.
- Fees are deducted together with collateral from your wallet.
- Positions with 500x, 750x, or 1001x leverage do not incur an Open Fee.
For details, see Fee Overview.
To open positions without a wallet pop-up and without paying gas, see One-Click Trading (1CT).
Positions on the same pair are merged
Opening again in the same direction on the same pair with the same margin token adds to your existing position rather than creating a second one. Quantity is summed, margin is summed, and the entry price becomes the quantity-weighted average of the two.
Long and short on the same pair stay separate, and so do positions using different margin tokens.
Open interest cap
If the maximum Open Interest (OI) for Long or Short positions in a trading pair is reached, new positions in that direction will be temporarily suspended.
This mechanism helps maintain market stability by avoiding oversized positions that could distort price dynamics.