Margin in any currency

On Contango you don't have a USD account to fund like in other trading apps: you just connect your wallet and you're ready to trade. No need to deposit anything!

Each pair listed on Contango has a base and a quote asset.

When opening or modifying a positions, traders can post margin in either base, quote, or any of the available currencies in the ticket dropdown:

If you're entering with a currency that is not the base or the quote, you might experience higher market impact as more swaps are needed to build the position. If the UI fails to quote you a price, try to swap beforehand and then enter with either the base or quote currency.

When closing, you can also choose the cashflow currency you want to exit to, by browsing the same dropdown.

Before trading → always make sure that you understand the implications of entering with currencies that differ from the base or quote assets.