#Quick Start Guide

This guide will walk you through your first trade on Exolane.

#Prerequisites

Before you begin, you'll need:

  • ✅ A wallet (MetaMask, Rabby, Coinbase Wallet, etc.)
  • ✅ Some ETH on Arbitrum One (for gas, ~$1 is plenty)
  • ✅ USDC on Arbitrum One (your trading collateral)
ℹ️

Need to bridge funds? You can bridge USDC to Arbitrum using the official Arbitrum Bridge or exchanges like Coinbase, Binance, or Bybit.

#Step 1: Connect Your Wallet

  1. Go to exolane.com
  2. Click Connect Wallet in the top right
  3. Select your wallet and approve the connection
  4. Make sure you're on Arbitrum One network

#Step 2: Deposit Collateral

Before trading, you need to deposit USDC into your Exolane collateral account.

  1. Click Deposit in the account panel
  2. Enter the amount of USDC to deposit
  3. Approve the USDC spending (first time only)
  4. Confirm the deposit transaction
✅

Tip: Your deposited funds remain in a smart contract that only you control. You can withdraw anytime.

For the best trading experience, enable 1-Click Trading. This creates a session key so you don't need to approve every trade in your wallet.

  1. Click Enable 1-Click Trading
  2. Sign the authorization message
  3. You're ready to trade without popups!
ℹ️

Session keys are stored locally in your browser. They can only trade — never withdraw funds.

#Step 4: Open Your First Position

Now you're ready to trade!

#Opening a Long Position

  1. Select a market (e.g., BTC/USD)
  2. Click Long (betting price goes up)
  3. Enter your position size
  4. Set your collateral amount (this determines leverage)
  5. Click Open Long

#Opening a Short Position

  1. Select a market
  2. Click Short (betting price goes down)
  3. Enter your position size and collateral
  4. Click Open Short

#Step 5: Monitor Your Position

After opening a position, you can monitor:

Metric Description
Size Your position size in the asset
Entry Price The price at which you entered
Mark Price Current oracle price
PnL Your unrealized profit/loss
Margin Collateral backing your position
Leverage Current effective leverage
Liq. Price Price at which you'd be liquidated

#Step 6: Close Your Position

When you're ready to take profits or cut losses:

  1. Click on your open position
  2. Click Close Position
  3. Confirm the transaction (or instant with 1-Click Trading)

Your PnL will be added to your collateral account.

#Understanding Your Trade

#Leverage

Leverage is determined by the ratio of your position size to collateral:

text
Leverage = Position Value / Collateral

Example:
- Position: 0.1 BTC at $100,000 = $10,000 value
- Collateral: $1,000
- Leverage: $10,000 / $1,000 = 10x

#Liquidation Price

If the market moves against you and your margin falls below the maintenance requirement, your position may be liquidated. The liquidation price is shown on your position.

⚠️

Risk Management: Always use appropriate position sizing and consider setting stop-loss orders to limit potential losses.

#Advanced Features

Once you're comfortable with the basics:

Feature Description
Stop-Loss Orders Automatically close at a loss limit
Take-Profit Orders Automatically close at a profit target
Margin Adjustment Add or remove margin from positions

#Troubleshooting

#"Insufficient Balance"

Make sure you have:

  1. Deposited USDC into your collateral account
  2. Enough free collateral not used by other positions

#"Transaction Failed"

  • Check you have ETH for gas
  • Try refreshing the page
  • Check if the market has pending orders (wait a moment)

#"Position Not Showing"

Positions settle on the next oracle update. Wait a few seconds and refresh.

#Next Steps

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