SL Protect is a hedging tool that utilizes Out-of-the-Money (OTM) options to safeguard your perpetual contract positions.
By analyzing your current holdings and the market price, it automatically initiates counter-trend OTM options. This mechanism provides immediate profit protection or liquidation defense during the coverage period—at a significantly lower premium cost.
Set protection pre-position
Enable [Perpetuals Protect] and enter the position size you intend to open.
Choose duration and max loss rate (higher loss = lower fee). Check Strike Price, Size & Protection Fee.
Choose direction and place order.
Enable protection post-position
Protect Open Positions
Click [SL Protect] to your target position.
Choose duration and max loss rate (higher loss = lower fee). Check Strike Price, Size & Protection Fee. then Confirm and Place Order.
Adjust position size and enable protection
Enable [Perpetuals Protect] and enter the adjusted position size.
Choose duration and max loss rate (higher loss = lower fee). Check Strike Price, Size & Protection Fee.
Info: As you hold an open position, this action will apply protection to both new and existing positions.
