2024-10-25 06:48:25Here’s a step-by-step guide on how to trade on ApeX Pro x Bybit.
View Your Closed P&L and Order History
Connect Your Bybit Wallet
Before you can trade on ApeX Pro x Bybit, you will need to connect your Bybit wallet with ApeX Pro and Deposit to your ApeX Account.
Step 1: Login to your Bybit account. Click on DEX under Web3 in the navigation bar to enter the ApeX Pro trading page.
If you have not created a Bybit Wallet, please click on Create Wallet.
Step 2: Next, click on Bybit Wallet Login to connect your Bybit Wallet to ApeX Pro.
You have successfully connected your Bybit Wallet with ApeX Pro! Click on Deposit to transfer funds to your ApeX Account to start trading. For more information on how to make a deposit, you can refer to How to Deposit and Withdraw Coins To/From ApeX Pro Account.
Select Trading Pairs
You can view and select your preferred trading pair(s) from the upper left corner.
Place Your Order
ApeX Pro provides you with a few types of orders: Limit Orders, Market Orders, Conditional Orders. To understand each type of order, please refer to Order Types.
Let’s take BTCUSDC limit order as an example to see how to place the order.
Step 1: Select Limit to place a Limit Order and enter your order price, order quantity (or by order value). The order quantity is in the base currency while the order value is in USDC.
You can also use the percentage or percentage bar to decide your order quantity. For example, If you select 50%, it means the system will take ± 50% of your available margin to place the order.
ApeX Pro uses cross margin mode. The default leverage is at 20x and it is currently non adjustable. This means that you can use up to 20x leverage to trade current contracts while the effective leverage of your positions will depend on your position value and total equity.
For example, you have 100 USDC in your account and the current BTC price is 10,000 USDC. With 20x leverage, you can place a BTCUSDC position of 2,000 USDC value with 100 USDC (fees not included). However, you can also open a BTCUSDC position of 1,000 USDC value with half of your available margin (50 USDC). In this case, your effective leverage will be 1,000/100 = 10x leverage. The higher the effective leverage, the higher the risk of liquidation.
Step 2: You can also set up advanced limit order conditions, such as time-in-force options (FOK, GTT, IOC orders) to specify the order expiry time. Additionally, you can further customize your order by adding execution conditions with Post-Only or Reduce-Only.
Step 3: Choose your position direction. Select Buy/Long to place a long position or Sell/Short to place a short position.
Please note that currently only one way mode is supported, which means only one type of position can be held whether the long or short position. For example, you held a 0.001 BTC long position. Later, you placed another 0.003 BTC of short order. The existing 0.001 BTC long position would be closed first when an alternative 0.002 BTC short order is placed.
View Your Position
Once your order is filled, you can check your opened position from the position tab.
Let’s take a look at the position tab in detail.
1. Positions
You can click on Show All Positions to view the existing opened positions from different symbols. Under each symbol, you can see the effective leverage of the respective position.
2. Qty & Value
The order quantity and value for the position. The order quantity is in the base currency while the order value is in USDC.
3. Entry Price
This shows the average entry price of the positions.
Average entry price = total contract value in USDC/total quantity of contracts
Total contract value in USDC = [(Quantity1*Price1) + (Quantity2*Price2) + (Quantity3*Price3)....]
4. Oracle Price
The oracle price draws data from an external independent node service provider, which is used to calculate your liquidation price and position margin. The estimated liquidation price is influenced by your leverage and margin. If the Oracle Price reaches the liquidation price, your position will go through forced liquidation.
5. Liquidation Price
Under cross margin mode, when available balance decreases to 0 and position margin decreases to maintenance margin level, the position is liquidated. If the Oracle Price reaches the liquidation price, your position will go through forced liquidation.
6. Unrealized P&L (%)
This shows the unrealized P&L of the existing positions by taking the difference between last price and the average entry price of the position. Please note that this does not include any fees.
You can click on the Closed P&L tab or here to check the closed P&L considering the trading and funding fees.
6. TP/SL
Take-Profit (TP): Close your position once you've reached a specified level of profit
Stop-Loss (SL): Exit your position once the asset reaches a specified price to mitigate capital losses on your order when the market moves against you
To learn more about how to place a TP/SL, you can refer to Take-Profit & Stop-Loss.
7. Close By
You can choose to close by Limit Order or Market Order and input your close quantity.
Close Your Position
You can close your position by using the methods below:
1. Use the Close By function on your position tab
2. Close your position by setting a TP/SL order
3. Place a opposite side reduced-only order from the order zone
View Your Closed P&L and Order History
After you have closed your position, you can view your closed P&L and other orders history from Dashboard → Orders.
1. Closed P&L
Closed P&L = Unrealized P&L − Trading Fees − Funding Fees
Trading Fees = Fee to open the position + Fee to close the position
On the Closed P&L history, it shows the closed P&L after considering all fees incurred. You can refer to the fee column and click on the info icon to view the detailed trading fees. For funding fees, go to the Funding tab to view the funding fee incurred.
2. Active
The Active tab shows the limit order pending to be filled.
3. Conditional
The Conditional tab shows the conditional market and conditional limit order pending to be triggered. Once it is triggered, it will go to the Filled tab for market order and go to the Active tab for limit order.
4. Filled
The filled tab shows the transaction history of each order. Please note that one order can have multiple filled records.
5. Order History
The order history shows all open, filled, triggered or canceled orders placed on ApeX Pro. You can click on Details to check the filled history of each order.
For more information, please refer to ApeX Pro FAQ. If you have any questions or issues with your orders, please follow this guide to contact ApeX Pro Customer Support.
Yes
No