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Trading
Permissionless trading, powered by Mango Markets.
- Perpetual futures up to 20x leverage on Mango Markets's order book and 10x spot margin trading through Serum DEX
- Cross Margin and Cross Collateralised
- Highest Serum fee tier achieved by all traders from a generously deposited MSRM
Use the Mango Markets interface to interact with the protocol to margin trade on the Serum DEX markets as well as trade leveraged perpetual futures, all within one unified interface.
Trade spot margined markets with up to 5x leverage and perpetual futures markets with up to 20x leverage. Long and short everything, with limit or market orders, many advanced orders.
Mango Markets users save substantially on Serum DEX trading fees; Serum powers Mango Markets's spot margined markets. SRM deposits are pooled together to give every Mango Markets user the ability to save substantially on taker fees. There is more info below under Fee Discounts.
To get to the markets, click "Trade" in the main navigation. You should see all the Markets Menu right above the exchange tooling (trading view, order-books, etc.).
Mango Markets also gives you the ability to customise your experience and decide which markets you want to see.
Assets have different maximum and maintenance leverage specifications. For the specifics by asset please see:
Spot Assets
Perpetual Futures
Mango Markets offers you the ability to customise your trading experience. Create multiple accounts, choose theme styling, adjust window size & placement, switch order book type, and utilise the trading view to its full extent.
To place an order, first decide if you want to Buy or Sell an asset.
Note when placing limit orders, the options of POST and IOC.
- When IOC (Immediate or Cancel) is selected - if an order is placed and not filled within seconds, it's cancelled.
- When POST is selected, limit orders are added to the order book and earn maker fees if filled.
- POST orders will always be the "maker" and will automatically cancel if not.
Limit orders open an order at a set price. If the price action of an asset in the order book reaches that price (or better), the order will be filled.
Market orders hit the book immediately on the bid or ask side depending on whether you bought or sold, the position then fills at an average price of the orders taken.
Spot margined positions can be viewed under your Accounts tab. Within your portfolio view under "Balances," Perpetual positions can be viewed.
For Spot margined markets to make a leveraged trade, place an order with a size greater than your deposit value; funds are automatically borrowed or utilise the leverage slider to decide your risk or don't worry about margin or leverage at all and treat it as a spot market; Simply exchange for the even value of another asset.
For perpetual futures markets, to make a leveraged trade is very similar, except you are not buying the asset in question, you are simply buying exposure to that asset and its price movements. Positions can be viewed under the Perp Positions tab below or under the Accounts tab.
Mango Markets and its spot margined markets are built on top of the Serum DEX ecosystem. Mango Markets's risk engine allows users to trade Serem DEX's orderbooks with up to 5x leverage.
Mango Markets also offers perpetual futures built on the Mango Markets protocol with its own order book. Trade with up to 10x leverage and enjoy permissionless price exposure to any of the assets in the Mango Markets group.
Mango Markets traders save substantially on Serum DEX trading fees by pooling SRM together in Mango Markets. Serum's tier structure determines fee rates based on the amount of SRM held in an account; the more SRM in an account, the less you pay in fees and the more you earn as a maker. The highest tier is 1 MegaSerum (MSRM) and is unrealistic for most people to obtain.
Fortunately, Mango Markets utilises a generously deposited MSRM so that all users collectively reach the highest tier and benefit together when trading on the platform.
Mango Markets provides the ability to swap for any Solana asset though Jupiter Aggregator integration at https://trade.mango.markets/swap
This swap checks prices and routes across all Solana dApps so you know you're getting you get the best price. These swaps occur within your connected wallet and are not associated with your Mango Markets account.
Select the asset you would like to swap away in the "You Pay" box and the desired asset received in "You Receive." Enter the size of the swap in either asset's native currency.
The most efficient route will be highlighted. Click "Swap" and confirm the transaction in wallet. The assets will appear in your connected wallet balances.
The Mango Markets team is committed to providing a fully decentralised, open source, leveraged trading platform capable of matching a centralised exchange feel with all the unique benefits of DeFi. We are excited to launch Mango Markets and continue bringing new leveraged trading products to life in decentralised form. Visit us at mango.markets to trade and lend.
Follow Mango Markets on Twitter and join the Discord for the latest updates.
Last modified 1yr ago