Placing Orders

Open the Trade page

Go to the Trade page. Connect wallets, configure your position, and execute.

Connect wallets

Each DEX requires its own connection. Some DEXs run on EVM chains, others on Solana, and some use API credentials instead of a wallet.

Connections live in the Accounts rail on the left of the Trade page. Click an exchange row to connect; you'll see a green dot when authenticated. If you don't have an account on an exchange yet, you can register and fund it without leaving the dashboard; the per-trade Setup Checklist walks you through it for exactly the two DEXes your pair needs. See Funding & Transfers.

Nothing is stored server-side by default. See Credentials if you want stored keys for MCP, Telegram, or 24/7 auto-close.

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.

Two guards protect you at submit time:

• Conflicting legs are blocked. You can't open a leg that collides with an existing position's legs on the same symbol (it would silently unbalance the older position). Increasing the exact same pair is allowed, with a notice showing the existing margin.
• Leg-imbalance warning. If the two venues price the asset far apart, matching units leaves the legs lopsided in dollars, so the form shows the actual notionals each leg would open at and lets you judge before executing.

Reading the pre-trade metrics

Four tiles sit above the size input. Each answers one question:

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
• Run Find the Exit. Server-side peak-exit automation (see Find the Exit)
• 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.

FAQ