# 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.

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Multiple Collateral support

Different collateral will have isolated pool,  say position in LVUSD will not affect position in lvMON(Leverup-Mon)
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## 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                                  | 0.045% of position size                                                                | N/A                                                                                   |
| Close fee                                 | 0.045% of position size                                                                | 0.03% 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="fee-breakdown">fee-breakdown</a></p>  | <p>Same for both modes.<br><a data-mention href="fee-breakdown">fee-breakdown</a></p> |
| Funding fee                               | <p>Same for both modes. <br><a data-mention href="fee-breakdown">fee-breakdown</a></p> | <p>Same for both modes.<br><a data-mention href="fee-breakdown">fee-breakdown</a></p> |

***

### Take Profit (TP) and Stop Loss (SL)

* **Take Profit (TP):**
  * Automatically closes the position to secure profits at a target price.
  * For leverage < 50x: maximum TP = **500%**.
  * For leverage ≥ 50x: maximum TP = **300%**.
  * 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.

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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
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### 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](https://leverup.gitbook.io/docs/trading/fee-breakdown "mention")

***

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Each position you create under the same trading pair is treated as an **independent position**. They are **not merged**.
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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.
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