Placing Your First Trade

Synchronicity is a perpetuals exchange built differently. Instead of a speed race, every order within a batch gets the same price: your edge comes from strategy, not latency. This guide walks you through opening your first position.

What Are Perpetuals?

Perpetual contracts (“perps”) let you gain exposure to an asset’s price movement without holding the asset itself. You deposit USD as collateral, choose a direction, and the exchange handles the rest. Perps stay anchored to the spot price through periodic funding payments between longs and shorts.

Making a trade

Step 1 - Select an Asset

Open the Token Selector in the top-left corner of the trading interface. Use the dropdown to browse available markets and select the asset you want to trade.

💡 Tip: Click the ☆ icon next to any asset to add it to your favorites for faster access later.

Step 2 - Set Your Margin and Leverage

These two settings define your risk before you place an order.

Margin type: choose from the dropdown

• Isolated: your collateral for this trade is isolated. The outcome here won’t affect your other positions.
• Cross: all open positions share your collateral pool. More capital-efficient, but a large move against your portfolio can affect your other position as well.

Leverage: click the Multiplier button (to the right of the margin dropdown). Use the slider or type a value directly.

Your position size is straightforward:

Position Size = Collateral × Leverage

Step 3 - Choose an Order Type

Market Order Fills at the current best available price. Set your Max Slippage (click the percentage indicator) to protect against price movement between submission and execution.

Required: position size, max slippage.

💡 When inputting your order size: press the unit value to the right of the entry box to switch between units.

Limit Order Specifies the worst price you’re willing to accept. If liquidity is available at or better than your limit price when the order is processed, it fills immediately against resting orders up to that level. Any unfilled remainder rests on the orderbook until matched. Nothing executes beyond your specified price.

Required: target price, position size.

💡 Pressing [Mid] will put your limit price at the midpoint between best bid and best ask.

TWAP Order (Time-Weighted Average Price) Splits a large order into smaller trades distributed evenly over a time window: useful for building into or out of a position.

Required: total position size, duration, frequency (seconds between individual orders), max slippage per trade.

💡 The example below is for a TWAP order of 10 BTC. The order would be split into 1.441 orders over the next 24 hours at an interval of one per 60 seconds.

Step 4 - Choose Your Direction

Once your parameters are set, select Long or Short to open your position.

The direction you choose depends on your strategy: you might be expressing a directional view, hedging an existing position elsewhere, running a pair trade, or taking a side to farm a favorable funding rate. Pick whichever leg fits your intent.

Click the corresponding button to proceed.

Step 5 - Review and Confirm

An Order Summary will appear showing your entry price, leverage, and estimated fees. Take a moment to verify everything looks right, then click Confirm to submit your order.

Your order enters the next batch auction, where it’s matched simultaneously with all other orders at a single uniform clearing price: no front-running, no speed disadvantage.

What Happens Next?

After confirmation, your position appears in the Positions panel. You can monitor unrealized PnL, set stop-losses or take-profits, adjust or close the position.