Placing Orders
How to execute delta-neutral trades on ProFunding. Connect wallets, set size, and open both legs at once.
Open the Trade page
Go to the Trade page. Connect wallets, configure your position, and execute.
Connect wallets
Each DEX requires its own wallet connection. Some DEXs run on EVM chains, others on Solana, and some use API credentials instead of a wallet.
Click the exchange name in the Trade page header to connect. You'll see a green dot when authenticated.
This is a per-session connection. Close the tab and you're disconnected. No keys are stored. See Credentials if you want persistent connections for MCP or Telegram.
You need both sides connected before you can execute a delta-neutral trade.
Select your pair
Pick the opportunity you want to trade. You can:
- Click "Trade" on any row in the Dashboard to auto-fill the pair
- Manually select the pair, long exchange, and short exchange on the Trade page
Configure position
Set your parameters:
- Size. Dollar amount for each leg. Both legs open at equal size
- Leverage. Applied to both sides. Higher leverage = more capital efficient but closer to liquidation
- Entry strategy. Choose how both legs get filled:
- Recommended (Limit + Market). First leg enters with a limit order for better price, second leg enters at market
- Market + Market. Both legs fill instantly at market price. Fastest but highest slippage
- TWAP. Splits the order into smaller slices over time. Best for larger positions
- Manual. Limit + market, but you pick which DEX gets the limit order first
The form shows estimated fees, slippage, and required margin before you confirm.
Reading the pre-trade metrics
Four tiles sit above the size input. Each answers one question:
| Tile | Question |
|---|---|
| APR vs avg | Is this rate elevated, normal, or fading? |
| Sustainability | Has this pair paid consistently? |
| Entry spread | Is now a good time to fill? |
| Break-even | How long until you cover fees? |
Entry spread
Shows where the price gap between the two DEXes sits in the last 24 hours, as a percentile.
- P30 — tighter than 70% of the last 24 hours. Good moment to open.
- P50 — middle of the pack. Typical conditions.
- P95 — wider than 95% of the last 24 hours. Wait, or open with TWAP.
Lower P = tighter spread = less slippage on entry.
The arrow shows the 1-hour trend:
- ↓ narrowing — better entry coming
- ↑ widening — open now or wait it out
- → flat
The number next to the arrow is how many basis points it's moved.
Why "IN-spread"
The math uses (short_bid − long_ask) / long_ask — the gap you actually pay to open right now. Mid-price spread looks tighter on charts but understates what crossing the book costs you.
Execute
Hit the Execute button. The Activity Log shows every step as it happens: order placement, fill confirmations, sizes, prices, and any retries. If one leg fails, the other is rolled back.
Managing positions
Your position appears in the Active Positions section with real-time updates:
- Live PnL combined across both legs
- Current funding rate on each side
- Net APR at current rates
- Funding accrued and time since entry
From here you can:
- Close at market. Both legs close instantly
- Place a limit close. Better exit price, market fallback after timeout
- Set auto-close on funding flip. Position closes automatically when funding reverses
- Set TP/SL. Take-profit and stop-loss thresholds
See Close Strategies for details on each exit method.