OrbDex User Guide – Perpetual Futures Trading on a Decentralized Exchange

Introduction

Welcome to OrbDex, a decentralized exchange (DEX) for trading perpetual futures on crypto assets. This guide provides a comprehensive walkthrough of OrbDex’s features and how to use them. OrbDex allows traders to buy or sell perpetual futures contracts without expiration dates, with the ability to use leverage to amplify positions. All trading is conducted on-chain via smart contracts, meaning you retain custody of your funds in your own crypto wallet. OrbDex combines a user-friendly interface with advanced trading tools like built-in Stop-Loss and Take-Profit orders, giving both novice and experienced traders the means to manage risk effectively.

Key characteristics of OrbDex include:

• Trade 300+ markets on a super exchange with zero-fees, better-than-CEX liquidity, and institutional-grade privacy, all built on a blazingly fast blockchain.

• Decentralization: OrbDex operates via blockchain smart contracts. Traders connect their personal crypto wallets (e.g. MetaMask) to the platform – there are no centralized accounts or custodial control. You trade directly from your wallet, ensuring full custody of your assets at all times.

• Perpetual Futures: OrbDex offers perpetual futures contracts on various supported cryptocurrencies. Perpetuals have no fixed expiry date, allowing you to hold positions indefinitely. The price of a perpetual contract tracks the underlying asset’s price through a funding rate mechanism, keeping it near the spot price.

• High Leverage: OrbDex supports leveraged trading, enabling you to open larger positions with a smaller amount of collateral. Traders can amplify their exposure up to a maximum leverage (for example, up to 25× leverage) as allowed by the platform. Keep in mind that while leverage can boost profits, it also increases risks and potential losses.

• Risk Management Tools: The platform provides built-in order types such as Stop-Loss and Take-Profit orders. These tools help automate your risk management – a Stop-Loss can automatically close your position to limit downside, and a Take-Profit can lock in gains at a target price. OrbDex also features transparent liquidation parameters to protect against negative balances.

• User-Friendly Interface: OrbDex’s interface is designed in a familiar style for traders. Key information – like your available balance, open positions, PnL (Profit and Loss), and current market prices – is clearly displayed. Placing orders is straightforward whether you prefer market orders for instant execution or limit orders to trade at a specific price.

In the sections below, we will guide you through setting up your wallet to use OrbDex, funding your account with collateral, understanding the trading interface, and executing trades. We will also explain important concepts such as leverage, margin, PnL, and liquidation so that you can trade confidently on OrbDex. Let’s get started!