Start Trading - Standard Mode

Standard Trade Mode allows flexible trading on a wide range of perpetual pairs with up to 100x leverage, offering full control over margin type, order type, and execution settings through an advanced trading interface.

Step 1: Select a Trading Pair

Click the current trading pair at the top of the chart to open the market list. Choose from supported pairs like BTC-USD, ETH-USD, or others based on price and leverage options.

Step 2: Choose Long or Short

Use the buttons at the top-right to select Long (buy) or Short (sell).

Step 3: Set Order Type

Choose between a Market Order or a Limit Order, depending on how you want the trade to be executed.

• Market Order - Use Market Orders for instant execution

A market order executes immediately at the best available price. It's ideal when you prioritize speed over price precision. To place a market order, simply make sure the Market tab is selected and enter the amount you want to trade.

• Limit order - Use Limit Orders when timing and price control matter

A limit order lets you set your preferred price, and it will only execute if the market reaches that level. This gives you more control over your entry price. To place a limit order, switch to the Limit tab and enter both the price and trade amount.

Step 4: Set Leverage

Click the leverage button (e.g. 100x) and select your preferred leverage level, up to 100x.

Step 5: Choose Margin Mode

Click Cross or Isolated to pick your margin type:

• Cross Margin: Shares collateral across all positions

• Isolated Margin: Risk is limited to the current position only

Step 6: (Optional) Configure Settings

Click Settings to adjust:

• Slippage tolerance

• Order voice prompts

• Fast Trade

Step 7: Enter Order Size

Input how much you want to trade in base or quote terms. You can also use the slider to quickly allocate a percentage of your balance.

Step 8: Confirm and Execute

Review all details including margin required, estimated value, and fees. Click Long or Short, then approve the transaction in your wallet.

Step 9: Track Your Position

Once your order is confirmed, you can track its status in the tabs below the chart. ELFi provides four different views:

• Positions: Shows your currently active positions, including size, entry price, liquidation price, and unrealized PnL.

• Open Orders: Displays limit orders that are waiting to be filled. These haven’t executed yet and can still be canceled or modified.

• Order History: Lists all your submitted orders—both filled and canceled—so you can review your trading activity.

• Position History: Shows your previously closed positions, including profit/loss, entry and exit points, and duration.

Use these tabs to monitor your trades, manage orders, and review your performance over time.