Opening Positions
Order types, leverage, margin modes, and risk controls for executing trades on Hyperliquid and GMX.
Access via the orange "New Position" icon in the right navigation. The position creator provides all controls needed to open and configure trades.
Exchange Selection
| Exchange | Features |
|---|---|
| Hyperliquid | Margin modes, TIF options, trailing stops, order book depth |
| GMX | Simplified interface, on-chain execution, Arbitrum network |
Bullish Trade
- Profit when price goes UP
- Green UI elements
- "Buy" action
- Liquidation below entry
Bearish Trade
- Profit when price goes DOWN
- Red UI elements
- "Sell" action
- Liquidation above entry
Click to toggle between Long and Short positions in the position creator panel.
Market Order
Execute immediately at current market price. Best for urgent entries/exits when time is more important than price. Guaranteed execution but may have slippage.
Limit Order
Execute only when price reaches your specified level. Better fills for patient entries.
| Mode | Description | Example |
|---|---|---|
| Absolute Price | Enter exact price level | $3,450.00 for ETH |
| Percentage-Based | Adjust from current price (-10% to +10%) | -2% below current = limit buy |
Quick buttons available: -5%, -2%, 0%, +2%, +5% with real-time preview of calculated limit price.
Time-in-Force (Hyperliquid Only)
| Option | Description |
|---|---|
| GTC | Good Till Cancelled - stays open indefinitely |
| IOC | Immediate or Cancel - fills immediately or cancels |
| Post Only (ALO) | Adds liquidity only, cancelled if would match immediately |
Leverage multiplies your position size relative to collateral. Both profits and losses are magnified.
Setting Leverage
| Method | Description |
|---|---|
| Slider | Range: 1x to maximum (varies by token), smooth drag to select |
| Preset Buttons | 1x, 2x, 5x, 10x, 25x, 50x quick selection |
Risk Level Indicator
| Leverage | Risk Level | Color |
|---|---|---|
| 1x - 5x | Low Risk | Green |
| 6x - 15x | Medium Risk | Yellow |
| 16x - 30x | High Risk | Orange |
| 30x+ | Very High Risk | Red |
Leverage Impact Example
| Leverage | Position Size | 10% Move Impact | Liquidation Distance |
|---|---|---|---|
| 1x | $100 → $100 | ±$10 (10%) | ~100% |
| 3x | $100 → $300 | ±$30 (30%) | ~33% |
| 5x | $100 → $500 | ±$50 (50%) | ~20% |
| 10x | $100 → $1,000 | ±$100 (100%) | ~10% |
| 20x | $100 → $2,000 | ±$200 (200%) | ~5% |
Choose how collateral is allocated to your positions (Hyperliquid only).
Shared Collateral
- Uses entire account balance as collateral
- Higher capital efficiency
- All positions share risk
- Liquidation affects entire account
Separate Collateral
- Only allocated margin at risk
- Lower efficiency but safer
- Protects other positions
- Losses limited to position margin
Collateral Input
| Feature | Description |
|---|---|
| Input Field | Enter USD amount for collateral |
| Balance Display | Shows available balance, refreshes every 30s |
| MAX Button | Use full balance (minus gas reserve) |
Preset Buttons
| Preset | Action |
|---|---|
| 25% | Use 25% of available balance |
| 50% | Use 50% of available balance |
| 75% | Use 75% of available balance |
| 100% | Use full balance (minus gas reserve) |
Stop Loss
Automatically closes your position to limit losses.
| Mode | Description | Presets |
|---|---|---|
| Fixed Price | Enter specific price level | -2%, -5%, -10%, -15% from entry |
| Trailing | Percentage-based, follows price (0.5% - 25%) | 2%, 5%, 10%, 15% |
Take Profit
Automatically closes your position to lock in gains.
| Mode | Description | Presets |
|---|---|---|
| Fixed Price | Enter specific price level | +5%, +10%, +25%, +50% from entry |
| Trailing | Percentage-based, follows price (0.5% - 50%) | 5%, 10%, 25%, 50% |
When you enter an amount, a preview card shows the calculated details:
| Metric | Description |
|---|---|
| Position Size | Collateral x Leverage (notional value) |
| Entry Price | Current price (market) or limit price |
| Liquidation Price | Price at which position auto-closes |
| Distance to Liquidation | % away from current price |
| Estimated Fee | ~0.1% of position size |
| 5% Move Profit | Profit if price moves 5% in your favor |
| 5% Move Loss | Loss if price moves 5% against you |
When leverage exceeds 20x, a warning dialog appears before execution.
Warning Content
- Bold emphasis on leverage level
- Liquidation risk calculation
- Example: "At 25x leverage, a 4% price move against you will liquidate your position"
Recommendations
- Use a stop-loss order
- Consider reducing leverage
| Button | Action |
|---|---|
| Adjust Position | Go back and modify settings |
| I Understand, Proceed | Continue with trade |
Proper position sizing is the foundation of risk management.
Fixed Risk Method
Risk a fixed percentage of capital per trade (e.g., 1-2%).
Position Size Formula:
Position = (Account x Risk%) / (Entry - Stop)
Example: $10,000 account, 1% risk, entry $100, stop $95
Position = ($10,000 x 0.01) / ($100 - $95) = $100 / $5 = 20 units
After configuration, review all settings and submit.
Open Long
Green button for long positions. Profit when price increases.
Open Short
Red button for short positions. Profit when price decreases.
Validation Checks
- Amount must be greater than 0
- Amount must not exceed available balance
- Leverage must be within token limits
- Stop loss/take profit levels must be valid