> For the complete documentation index, see [llms.txt](https://leverup.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://leverup.gitbook.io/docs/trading/opening-trades.md).

# Opening Trades

## 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](https://www.pyth.network/) low-latency oracles. The Pyth Pull Oracle monitors emitted price request events and triggers price retrieval when requests are initiated.

{% hint style="info" %}
Multiple Collateral support

Different collateral will have isolated pool,  say position in LVUSD will not affect position in LVMON(Leverup-Mon)
{% endhint %}

## 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 1000x leverage.*

|                                           | 1-100x                                                                                                             | 500x, 750x, 1000x                                                                                                 |
| ----------------------------------------- | ------------------------------------------------------------------------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------- |
| Available order type                      | Market, Limit                                                                                                      | Market                                                                                                            |
| Able to add collateral to open positions? | Yes                                                                                                                | No                                                                                                                |
| Open fee                                  | 0.03% of position size                                                                                             | N/A                                                                                                               |
| Close fee                                 | 0.03% of position size                                                                                             | 0.07% of the position size or 15% of the profit, whichever is greater.                                            |
| Execution fee                             | Free                                                                                                               | Free                                                                                                              |
| Holding fee                               | <p>Same for both modes.<br><a data-mention href="/pages/op0eSuOzAClfYb7ZNrBS">/pages/op0eSuOzAClfYb7ZNrBS</a></p>  | <p>Same for both modes.<br><a data-mention href="/pages/op0eSuOzAClfYb7ZNrBS">/pages/op0eSuOzAClfYb7ZNrBS</a></p> |
| Funding fee                               | <p>Same for both modes. <br><a data-mention href="/pages/op0eSuOzAClfYb7ZNrBS">/pages/op0eSuOzAClfYb7ZNrBS</a></p> | <p>Same for both modes.<br><a data-mention href="/pages/op0eSuOzAClfYb7ZNrBS">/pages/op0eSuOzAClfYb7ZNrBS</a></p> |

***

### 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/SL orders cannot be canceled once created, but you can edit them.

{% hint style="info" %}
A cap on take-profits is currently 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
{% endhint %}

### 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 1000x leverage** do not incur an Open Fee.

For details, see [Fee Breakdown](/docs/trading/fee-breakdown.md)

***

{% hint style="info" %}
Each position you create under the same trading pair is treated as an **independent position**. They are **not merged**.
{% endhint %}

{% hint style="info" %}
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.
{% endhint %}