Trade Perpetuals
SparkDEX perps- LPing for Perps Traders
You don’t have to be an advanced trader to grow your capital on SparkDEX perps. There’s another way: you can provide liquidity (LP) to perpetual traders who are looking to take on leverage.
Deposit
1. Open SparkDEX Pools
Go to https://luminite.app/earn → SparkDEX Pools → Deposit
Switch to Perps tab
2. Choose deposit token & enter amount|
Liquidity must be provided in one of SparkDEX Eternal’s supported collateral assets: USDT0, WFLR, sFLR, and FXRP.
Select the token you want to deposit
Enter the amount to supply
3. Select Slippage Tolerance
How much price movement and corresponding loss of value you’re willing to accept between placing and executing your order.
4. Approve token & Add Liquidity
Click Approve (if required)
Click Deposit Order and confirm in your wallet
5. Track your balance
At the top of the Perps page you can view:
Total pool balance
Your personal liquidity balance
Withdraw
If you want to withdraw liquidity from SparkDEX Pool - Perps at any time, simply return to this page https://luminite.app/pool/perps:
1. Select Withdraw
Switch to the Withdraw tab to the right of Deposit
2. Withdraw Order:
Determine your asset, amount, and Slippage Tolerance, and click on the Withdraw Order button.
SparkDEX Perps
In this step-by-step tutorial, you’ll get everything you need to start trading perps like pro, from learning about perpetuals contracts and risk management, to navigating the platform and using its trading tools effectively This tutorial is broken down into 3 sections. You can proceed through all 3 to get the full rundown, or skip ahead to sections that are most relevant to your trading needs.
🔶 Section 1: Getting Set Up
🔶 Section 2: Opening Your First Position
🔶 Section 3: Pro Mode — Utilizing SparkDEX’s Advanced Features
Section 1: Getting Set Up
Go to luminite.app/earn → SparkDEX Perps → Trade
Section 2: Opening Your Position
1. Select Pair
To begin, open the dropdown menu on the left side of the screen and select the pair you would like to open a position for.
2. Dashboard:
SparkDEX Perps dashboard displays key metrics related to each contract. From left to right:
Current Order Book Prices: The top figure is a measure of the lowest ask (selling) price, and the bottom figure is a measure of the highest bid (buying) price.
24h Data: The highest and lowest prices in the last 24 hours, and the percentage change.
1h Funding Fee: The left (red) figure measures the hourly rate at which long positions pay shorts. The right (green) figure measures the hourly rate at which shorts pay longs. For more information, hover your cursor over each rate. A complete breakdown of SparkDEX Eternal’s Funding Fee mechanism is available [HERE].
Fee Discount: Users staking SparkDEX’s native token, $SPRK, receive fee discounts of up to 20% on all perpetuals trades. Full details on $SPRK staking benefits and fee discount tiers are available [HERE].
3. Choose Long or Short
Once you have chosen your contract, you can open a Long position, where you buy the ETH-USD contract and profit as ETH’s price rises. Alternatively, you can open a Short position, where you sell the contract and profit as ETH’s price falls.
4. Order Type
Now, determine what type of order you would like to use to open a position:
Market Order opens a position immediately at the best available price, buying or selling contracts into the existing orders that populate the order book.
Limit Order places an entry in the order book at a designated price that may be filled by other traders.
Market Orders provide instant market entry, but can result in worse entry prices, while Limit Orders offer better control over entry price, but risk never being executed if the market moves in the opposite direction.
5. Collateral
In order to trade perps, users must deposit assets to the platform as collateral. SparkDEX Eternal currently supports 4 different assets as collateral: USDT0, WFLR, sFLR, and FXRP. To proceed, select your collateral type and determine the amount you want to deposit. In the example below, the user deposits 10 sFLR as collateral.
6. Leverage
Use the leverage slider to determine how much you would like to amplify your exposure. To mirror a normal spot position, move the leverage slider to 1x.
7. Accept the Terms and Conditions
Accept to verify you acknowledge them
8. Long/Short
Use the green Long or red Short button to open your position
Note: Approve the token used as collateral if needed
9. Check your Positions
Check your positions, orders, or history directly below the trading view chart.
Section 3: Pro Mode — Utilizing SparkDEX’s Advanced Features
The best part: you can utilize SparkDEX’s advanced features even before opening a position.
1. Activating Pro Mode:
Prior to opening a position, click on the gray “Pro Trading” button. It will slide to the right and turn green, as a dropdown menu appears with all of SparkDEX’s advanced trading features.
2. Advanced Trading Features:
Each of SparkDEX Eternal’s 5 advanced trading features has a simple function that vastly reduces risk or locks in profits, depending on your strategy.
Stop Loss: Designate a price where your position will automatically close if the market moves against you, protecting your remaining collateral, and avoiding liquidation.
Take Profit: Designate price where your position will automatically close once the market moves in your favor, locking in profits before the market can turn around.
Trailing Stop: Designate a moving price buffer that follows the market in your favor and automatically closes your position only when the price reverses by your designated buffer value, locking in profits while allowing market momentum to drive further gains.
Reduce Only: Ensure that any new order you place can only decrease or close your existing position, thereby limiting exposure.
Protect Order: Ensure that SparkDEX Eternal automatically adds stop loss and take profit levels to your trades, maximally managing volatility upon opening a position.
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