Trade

Step 1: Click the “Connect Wallet” button to open the Connect Wallet dialog.

Step 2: Select the type of wallet you would like to use. If you haven’t installed a browser wallet, it is recommended to install Metamask. (https://metamask.io/)

Step 3: Allspark will be deployed on Blast, ETH, Arbitrum, Polygon, BNB Chain and so on; you can select the network you prefer to use from the menu.

Step 4: After choosing a network, you need to confirm this action in your wallet. If the selected network hasn’t been added to your wallet, Allspark will ask for approval to add the network.

Open Position

Step 1: Select the side for your position. For long positions, you will make profits when the underlying asset price rises and have losses when the price drops; for short positions, you will make profits when the underlying asset price drops and have losses when the price rises.

Step 2: Select your preferred collateral option.

Step 3: Enter the amount of collateral or underlying asset for the position; the fields will adjust for each other accordingly.

Then, adjust the position leverage using the input field, slider or shortcuts. Using leverage will increase your exposure to market fluctuations, and the liquidation risks will increase accordingly. Please be mindful of risk management.

Users can use up to 100x leverage on Allspark. The product also allows leverage under 1x and input with up to one decimal.

Available Liquidity

The available liquidity is the current position size cap. The example above indicates the traders can long up to 1.8376 ETH at the moment. The available liquidity is calculated separately for long and short positions; it will change along with the total open interest.

Profits In

If this position is closed, your realized profits will be settled in the indicated asset, and there are three scenarios.

• The realized profits will be settled in the underlying assets for long positions.

• For short positions, the realized profits will be settled in stablecoins. Users can choose the preferred type of stablecoin to receive upon position closure.

• For long positions with underlying assets that don’t exist on the current chain (for example, longing $ETH on Blast) the realized profits will be settled in stablecoins.

Liquidation Price

Once the mark price reaches the liquidation price, the position will be liquidated. Liquidation happens when the collateral value has fallen below the maintenance margin, which is the minimum amount of collateral required to keep the position open.

Collateral

The position collateral is the number of tokens used, deducting the fees.

Spread

The spread is the difference between the ask and bid prices for the asset. The spread is 0% under the ETH and BTC markets on Allspark.

Close Position

Click the “Close” button to open the dialog, then enter the amount to close.

You will receive the collateral tokens with the PNL applied after closing the position. The profits will be settled in the underlying asset or stablecoins, and the losses will be deducted from the collateral.

Fully Close

When you close the position by 100%, the position size will be reduced to 0, and you will receive all the collateral tokens with the total PNL applied.