Entry Strategies
Four ways to open a delta-neutral position. Pick the right one for your size and urgency.
Recommended (Limit + Market)
The default. First leg enters with a limit order to capture maker fees. Second leg enters at market.
ProFunding picks which DEX gets the limit order based on book depth and fee structure. If the limit order doesn't fill, it retries with adjusted price. After the configured timeout and retries, it falls back to market.
Configure:
- Wait time per retry: 15s, 30s, 60s, 2m, 5m
- Max retries: 1-20 (default 3)
- Total max wait shown before you confirm
Best for: Most trades. Saves on fees without sacrificing reliability.
Market + Market
Both legs fill instantly at market price.
No waiting, no retries. You cross the spread on both sides and pay taker fees on both legs.
Best for: Fast-moving opportunities where you need to lock in the spread before it changes. Small positions where slippage cost is negligible.
TWAP
Splits your order into smaller slices executed over time. Each slice is a market order at a regular interval.
Configure:
- Slices: 3-50 (auto-calculated based on position size)
- Duration: 10m, 30m, 1h, 2h
- Max slippage: abort a slice if slippage exceeds your limit
- Auto-aborts after 5 consecutive skipped slices
TWAP entries run server-side: once the job starts, you can close the tab and it keeps slicing. Progress renders in the position card's operation panel, and if Telegram is linked you get a message when the job completes or aborts. Slices that would breach your slippage cap are skipped, and if one leg fails the just-opened side is rolled back so you're never left lopsided.
Best for: Large positions on thinner books. Breaking a $10k entry into 20 slices over an hour avoids moving the orderbook.
Manual (Limit + Market)
Same mechanics as Recommended, but you pick which DEX gets the limit order.
Use this when you know one exchange has a deeper book or lower maker fees. The other side fills at market.
Best for: Experienced traders who know the orderbook dynamics on specific DEXs.
Which strategy for which situation
| Position size | Urgency | Strategy |
|---|---|---|
| Any | High (spread changing fast) | Market + Market |
| Under $1k | Any | Market + Market or Recommended |
| $1-5k | Normal | Recommended |
| $1-5k | Low | Manual (limit on thinner side) |
| Over $5k | Any | TWAP |
Swap sides
Click the swap button between the two DEX cards to reverse which exchange goes long and which goes short. Useful when the opposite direction has a better spread.
Position summary
Before you execute, the form shows:
- Effective APR on margin. Net APR multiplied by your leverage
- Notional value. Position size times leverage
- Margin required. How much capital each leg needs
- Est. daily / monthly funding. Dollar amount you'd earn at current rates
- Cost to open. Total fees + slippage for both legs
Balance warnings
If either exchange has insufficient margin, a yellow banner appears showing:
- Which DEX is short on funds
- How much margin each leg requires
- The submit button disables until you deposit
You can top up without leaving the page: deposit in-app or move collateral over from another exchange. See Funding & Transfers.
Partial failure recovery
If one leg fills but the other fails, the position enters a "partial failure" state. You get two options:
- Retry. Open the missing leg with a market order to complete the delta-neutral pair
- Dismiss. Remove from tracking if you've already handled it on the exchange directly
FAQ
Which entry strategy should I use for a large position?
TWAP. It splits the order into slices (auto-calculated, 3-50) over a duration of 10 minutes to 2 hours, which avoids moving the orderbook on thin books — for example, breaking a $10k entry into 20 slices over an hour.
Does TWAP entry require me to keep the browser tab open?
No. TWAP entries run server-side, so once the job starts you can close the tab and it keeps slicing. Progress shows in the position card, and Telegram sends a message when the job completes or aborts, if linked.
What happens if my exchange balance is too low to open a position?
A yellow banner shows which DEX is short on funds and how much margin each leg requires, and the submit button disables until you deposit — you can top up in-app without leaving the page.
What does "Effective APR on margin" mean in the position summary?
It's the net APR multiplied by your leverage, shown alongside notional value, margin required, estimated daily/monthly funding, and total cost to open, before you execute.