FAQ
Last updated
Last updated
What are perpetual contracts? Perpetual contracts are a type of futures contract without an expiry date, allowing traders to hold positions for as long as they desire.
How do I start trading perpetual contracts on PriveX? Create an account, deposit USDC collateral, and start trading! Please visit the 'Trading Tutorials' pages in our docs for help with setup!
What assets are available for trading with perpetual contracts on PriveX? PriveX currently allows for trading on 291+ pairs; you can find the full list in our docs on the '' page.
How is margin trading handled in perpetual contracts on PriveX? PriveX accounts utilize cross-margin, meaning that your portfolio (all assets and positions) is collateral. This means that your ENTIRE account is at risk for liquidation.
What are the fees for trading perpetual contracts on PriveX? PriveX charges a 0.06% platform fee (0.03% open + 0.03% close) on all positions. Other 'fees' include funding rates and the spread(s) quoted by solvers.
How do liquidations work in perpetual contract trading on PriveX? occurs when your 'Equity Balance' drops below the required Maintenance Margin (CVA). Due to your account being cross-margin, all of the assets/positions in the account will be liquidated should this occur.
Can I use leverage in perpetual contract trading on PriveX? Yes, we allow up to 60X leverage on trading pairs.
What risk management tools are available for perpetual trading on PriveX? You can use the 'Manage Account' page in the UI to view all trading/account statistics and deposit/withdraw funds. Stop Loss and Take Profit will also be usable features in the future.
How do I get a referral link for PriveX? When you open an account on PriveX, you automatically receive a referral link. To find your referral link, please visit the Leaderboard page.
How do referrals work? Both referrers and referees get a 15% bonus on ‘Trade and Earn’ rewards. Please refer to the 'Referral Program' page for more details.
How do I view my trade history? Click on the ‘Order History’ tab in the trading UI.
How do I export my trade history? Click the ‘Export CSV’ button in the ‘Order History’ tab in the trading UI.
What type of collateral is used for trading on PriveX? The only collateral that can be utilized on PriveX is USDC.
How do I bridge to the chain I want to trade on with PriveX? You can bridge your assets/USDC via any bridge you like to the Base network or Mantle Network. We recommend the Stargate Bridge.
How do I create an isolated trade? Because PriveX accounts are cross-margin, you must create multiple sub-accounts to have isolated trades.
What should I do if TradingView charts aren't loading? Make sure that you turn your ad-blocker off and refresh the page.
What does it mean when there is ‘No Liquidity Available’? When will more liquidity be added? This means that all of the available open interest provided by the solver is being utilized in open trades. More liquidity will become available as trades are closed/liquidated, or if the solver adds more collateral to facilitate additional OI.
What is Open Interest (OI) in the context of PriveX? OI is the notional value of all short- and long-open interest on the platform. You can view the current and total OI in the ‘Open Interest’ box within the trading UI.
How can I find the available liquidity for a trading pair? Select the pair you would like to trade. Once loaded you can view the current and available liquidity for that pair in the ‘Avail. Liquidity’ box in the trading UI.
Why can't I close my position on PriveX if my uPNL is positive? If your uPNL is positive but you cannot close, the slippage to close may likely cause a liquidation. To address this, you can change your slippage in your advanced settings or close the position in smaller increments.
What are the platform fees on PriveX? PriveX charges a flat 0.06% platform fee for all trades (0.03% open/close). Additional 'fees' may include funding rates and the solver spread.
How do I view the spread? Use the 'Spread (bps)' box in the trading UI to view the current solver spread.
Why was my trade request rejected? Trades can be rejected by the solver at their discretion (i.e., the current price is now dramatically different from the streamed quote). If your request is rejected, please re-input the trade and try again.
How do I cancel a trade if it is stuck? Click the ‘Close’ button on your position in the ‘Positions’ tab.
Can I cancel a pending withdrawal? Not currently, but this will be available in the future.
Can I move collateral between sub-accounts? Not currently, but this will be available in the future.
What does it mean when a position is pending? The solver has not confirmed the trade yet, please either force close the order or wait for them to ‘Confirm’ or ‘Reject’ the trade.
Why is the liquidation price estimated? The liquidation price for positions is estimated because they are based on the current margin in the account, which is dynamic as it is cross-margin. Please remember these are simply estimates and will change with the margin in your account.
What are funding rates? Users with open positions will pay or receive funding fees depending on the underlying contract skew. You can view the current funding rate in the 'Funding Rate' box of the trading UI.
What is Credit Valuation Adjustment (CVA) and how does it affect trading on PriveX? CVA is the Maintenance Margin required for your account to remain solvent. Your Equity Balance MUST be higher than your CVA, or your entire account will be liquidated.
Why is the CVA higher with higher leverage? Because PriveX does not house liquidity locally, nor have an insurance fund to offset losses, there can be no bad debt in the system in the event of a liquidation. Thus, higher leverage requires a higher CVA to ensure that all counterparties are made whole in the event of a liquidation.
Why is there a 12-hour withdrawal time? There is a 12-hour withdrawal period to prevent fraudulent activities and double-spending. In the future, we hope to reduce the time to withdraw.
Are there Stop Loss and Take Profit options? Yes, please visit our Take Profit and Stop Loss page