Drift Protocol v2

โŒ˜K
๐Ÿ‘พWelcome to Drift Protocol
๐ŸงฎDrift DEX
๐Ÿ‘‹Getting Started
๐Ÿ“ˆPerpetual Futures
๐Ÿ“ŠSpot Margin Trading
๐ŸฆBorrow & Lend
๐Ÿ›๏ธStaking
๐Ÿ”ฌTechnical Explanations
๐Ÿ“Accounting and Settlement
โž—Borrow Interest Rate
๐Ÿ“œDelisting Process
โ›ฒDrift AMM
๐ŸƒJust-In-Time (JIT) Auctions
๐Ÿ“šKeepers & Decentralised Orderbook
โ˜ ๏ธLiquidators
๐Ÿ’งLiquidity Providers (LPs)
๐Ÿ“‹Protocol Guard Rails
๐Ÿ“Risks
๐Ÿ–ฅ๏ธDeveloper Resources
๐Ÿ“”Overview
โŒจ๏ธSDK Documentation
โŒจ๏ธTutorial: Bots
โš ๏ธTroubleshooting
๐Ÿ› ๏ธKeeper Bots
๐Ÿ› ๏ธTrading Bots
โŒจ๏ธHistorical Data (v1)
โŒจ๏ธAPI
๐Ÿ›ก๏ธSecurity
๐Ÿ›ก๏ธAudits
๐Ÿ›ก๏ธBug Bounty
โš–๏ธLegal and Regulations
๐Ÿ“Terms of Use
๐Ÿ“Disclaimer
๐Ÿ“Privacy Policy
๐Ÿ“Competition Terms and Conditions
๐Ÿ“šGlossary
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10min

How to Trade Perpetual Swaps

Choosing Markets

Select the market you want to trade by clicking the Trade button and choosing your desired market.

Document image
Document image

Choosing to Buy or Sell๏ปฟ

Select Buy (Long) or Sell (Short) from the top of the trading form and then select your order type.

Long/Short Buttons
Long/Short Buttons

Drift offers Market and Limit Orders that you can use to manage risk. If you are a beginner and just want to buy the perpetual contract at its current price then go with a Market Order. To read more on Market Orders, you can read about it on Order Types.

Order Type Dropdown
Order Type Dropdown

Selecting Position Size and Leverage

Enter the amount of the underlying asset you want for your position. You can do this in three different ways:

  • Using text input on the left, you can enter the amount of the underlying asset you would like.
  • Using the text input on the right, you can enter how much USDC collateral you want to use.
  • Or, you can use the leverage slider or the buttons below it to change the size of your position. The slider will automatically show how much leverage you are using.

You can also set your maximum allowed slippage for your position.

Size, Leverage, and Slippage Tolerance
Size, Leverage, and Slippage Tolerance

๏ปฟOpening a Position๏ปฟ

When you're ready to open the position, click the button on the bottom of the Trade form. A confirmation modal will appear so you can review the details of your trade and make sure all the details are correct before you continue. Finally, you will be asked to sign the transaction with your connected wallet.

Trade Confirmation Modal
Trade Confirmation Modal

Adjusting an Open Position

If you have an open position, you can make adjustments by either buying or selling the same asset. To adjust your position follow the same steps outlined above for the relevant asset. Changes in the leverage you use will also change your liquidation price.

Closing Positions

Once you are done with a trade, you can close out of that position. Go to your positions under the "Positions" tab and click "Close" to realise your P&L. Be sure to sign the transaction via your connected wallet.

Positions able
Positions able

Your Balances and Total Collateral should reflect this if you have no Unrealised P&L left.

Updated 18 Nov 2022
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Cross-Collateral Deposits
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TABLE OF CONTENTS
Choosing Markets
Choosing to Buy or Sell
Selecting Position Size and Leverage
Opening a Position
Adjusting an Open Position
Closing Positions