Opening a Position

Once you've funded your account with USDT, you can immediately open a long or short position by messaging @degenarenabot.

Let's demonstrate how to open a 25x INJ long position, with 50 USDT margin.

The quick way: message @degenarenabot /long INJ 25x 50 and click Confirm.

If you want to see all the options available to you, take the scenic route. First, message /long to the bot.

Reply with the ticker. For convenience, you can reply INJ instead of INJ/USDT PERP and the bot will know what you're referring to. As Degen Arena currently only supports perpetual futures, it won't get confused.

Choose your margin by entering an amount or clicking one of the available options from the prompt. In this case, we'll choose 25x.

You'll then be prompted for the amount of margin you'd like to use. Let's use 50 USDT. Don't worry about gas, we've got you covered.

Click "Confirm" and wait for the position to be opened.

Just as quickly as the position is opened, you'll receive a graphic like this from the bot, and if you're part of a group it will also be sent to that group. Because trading is more fun when your friends hold you accountable.