# Trading RWA

## Trading RWA

LeverUP supports perpetual trading on Real-World Assets (RWA), starting with MAG7 equities. To balance high-leverage day trading with the risk of holding positions across closed market sessions, LeverUP applies different rules to positions based on their leverage level.

### Trading Hours

MAG7 equities follow standard US trading hours.

* Monday to Friday 9:31 AM – 3:59 PM (Eastern Time, ET)

  *Buffer time is introduced to ensure the submitted trades can go through successfully.*
* Weekends: Closed
* Holidays: See official schedule: [NYSE Market Hours & Holidays](https://www.nyse.com/markets/hours-calendars)

{% hint style="info" %}
Notes

* New positions can only be opened during market hours
* The maximum leverage for RWA pairs is **100x**
* Existing positions held during off hours remain active and subject to funding rates to reflect the cost of holding the positions
  {% endhint %}

***

### Leverage Tiers

LeverUP classifies RWA positions by leverage level. Positions above the overnight cap can only be held during market hours; positions at or below the cap can be held across off-hours.

<table><thead><tr><th width="210.6953125">Position Type</th><th width="184.203125">Leverage</th><th>Holding Rule</th></tr></thead><tbody><tr><td><strong>Day Trade</strong></td><td>> 10x (up to 100x)</td><td>Will be closed before market close<br>Force-closed at market close if still open</td></tr><tr><td><strong>Overnight Position</strong></td><td>≤ 10x</td><td>Can be held across off-hours and weekends. Subject to funding rates</td></tr></tbody></table>

***

### Market Close Force-Close

At market close, LeverUP automatically force-closes every RWA position with leverage greater than **10x**. This prevents high-leverage RWA exposure from being carried into off-hours when the underlying market is closed and prices cannot be hedged.

**How it works**

* The **entire position** is closed at the prevailing market-close price — there is no partial deleverage
* PnL is settled and remaining collateral is returned to the trader's account
* This applies to every RWA pair on every regular trading day

#### How to keep a position past market close

To carry a position into off-hours, the trader must bring its leverage to **10x or below** before market close. The simplest way is to **add collateral**:

* Adding collateral lowers the position's effective leverage without changing position size
* Once the position is at or below 10x, it is treated as an Overnight Position and will not be force-closed

***

### Off-Hours Restrictions

During non-trading hours, the following restrictions apply:

{% columns %}
{% column %}
✅ Add Collateral

✅ Cancel Open Order

✅ Edit TP/SL
{% endcolumn %}

{% column %}
❌ Open New Position

❌ Close Existing Position

❌ Create New Order

❌ Liquidation
{% endcolumn %}
{% endcolumns %}


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