Opening a perpetual position allows you to trade on the price movement of an asset without owning the asset itself.
Before opening your first position, make sure you understand how leverage, margin, and liquidation work, as these directly affect your trade.
How to Open a Position
Open the “Perps” section in the Bayse app.
Select the asset you want to trade.
Choose whether you want to:
Go Long if you expect the price to rise, or
Go Short if you expect the price to fall.
Enter your desired position size.
Select your preferred leverage.
Review your estimated margin requirement, liquidation price, fees, and any applicable funding information.
Confirm your order.
Once your order is executed, your position becomes active.
Before You Confirm
Always review:
Position direction (Long or Short)
Position size
Leverage
Margin required
Estimated liquidation price
Applicable trading fees
Understanding these details before placing your trade can help you better manage your risk.
After Your Position Opens
Once your trade is active, you can monitor:
Current market price
Unrealized profit or loss (P&L)
Margin
Liquidation price
Funding payments (when applicable)
You can choose to close your position at any time before it is liquidated.
Frequently Asked Questions
Can my order fail?
Yes. If there isn’t sufficient market liquidity or your order cannot be matched, it may remain open until it is filled, be partially filled, or fail to execute depending on the order type.
When does my position become active?
Your position becomes active once your order has been successfully executed.