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For the complete documentation index, see llms.txt. This page is also available as Markdown.

SL Protect

Overview

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

  1. Enable [Perpetuals Protect] and enter the position size you intend to open.

  1. Choose duration and max loss rate (higher loss = lower fee). Check Strike Price, Size & Protection Fee.

  1. Choose direction and place order.

Enable protection post-position

  • Protect Open Positions

  1. Click [SL Protect] to your target position.

  1. 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

  1. Enable [Perpetuals Protect] and enter the adjusted position size.

  1. 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.

  1. Choose direction and place order.

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