Trade

The Trade interface is geared towards advanced defi users and perp traders already familiarized with a trading interface.

These are the main sections of the interface:

Main sections of the Trade interface

1. Pair selection

The dropdown lists all the pairs currently available on Contango. You can search a pair by typing, or if you wanna narrow down your selection you can use the two filters next to it: chain and money market.

2. Advance Trade Selection

The Advance Trade Selection tool lets you dive deep into the endless possibilities of Contango. You can search for a specific token or category to filter by and select it is as either quote and/or base asset, as well as the side, chain and money market you're interested in.

Depending on your filters, you're returned with a list of all avaialble pairs that meet your criteria. By clicking on them, you'll be automatically redirected to the open ticket to trade it.

A few examples:

• you can filter for base: wstETH and quote: USD Stablecoin to obtain a list of all wstETH pairs denominated in a USD stablecoin and find the one with the best yield to long across the avaialble chains and markets.

• you can filter for base: USD Stablecoin and quote: USD Stablecoin to obtain a list of all stablecoin pairs and find the one with the best APY or rewards to farm.

• you can filter for base: fixed yield to scout for the best-yielding PT instruments.

3. Charts

Charts are plotted using oracle prices. Contango picks the chain where oracles has both the lowest heartbeat and the lowest deviation, so as to make the chart as responsive as possible. This means that the chart is indicative and it’s not specific to the money market you have selected. Prices on charts should be seen as mid-market prices, for reference purposes only.

4. Opening ticket

The opening ticket requires you to input either the size or the margin first. Please note that:

• You can open a position with any currency shown in the dropdown - but be aware of extra slippage you may incur (see the Margin section).

• The ticket shows the current balance you have on that specific currency and the chain selected below (don't get fooled by the network you're currently using with your wallet).

After that, you can select the leverage, and the market/chain you want to trade on. Expand each market to see the underlying liquidity you'll be trading on and the breakdown of your APY/ROE.

If a money markets is offering rewards, their extra yield is displayed next to the APY/ROE.

If a money market offers points or has a confirmed airdrop for the specific pair you have selected, this is indicated by a 🪂 icon next to it.

5. Review trade

Once you're settled on your trade, you can click on the review trade button for a last check on the trade you are placing. Make sure you check your liquidation price and the market impact of your trade on both the price and the rates. Please note that:

The estimated entry price shown on Contango when opening or modifying a position is the oracle price at which the base currency is currently trading on the spot market, so it's not the final execution price. After you approve spending, Contango updateds the entry price (with a ✅ next to it) showing the real market price at which your trade will be executed.

6. Open Positions list and Transaction History

Any open position, even if you open it through the Strategies page, will be shown in the Open Positions list. The ··· menu allows you to:

• Close a position

• Modify a position (both size and leverage)

• Modify leverage of a position

• Add a TP/SL

• View the history of a position

• Migrate a position

The Transaction History section allows you to see all your transaction history and filter for specific position's ID. The ··· menu allows you to:

• View the transaction in the block explorer

• View the details of the transactions, like entry price, cashflow, fees, etc.