Long or short
A long makes money when the price goes up. A short makes money when it goes down. Both use the same leverage.
Collateral and size
Collateral is the SOL you put in, from 0.1 SOL. Your position size is collateral times leverage, and every move in the coin moves your position by that much. Try it:
You end with
+1.00 SOL
+200% on your collateral
- Position size
- 10 SOL
- Liquidated at
- −4% move
How high you can go
Fees
Opening a position costs 0.1% of its size, shown on the ticket before you sign.