# Trading Interface Guide Our leverage tokens help you trade crypto safer and cheaper by automating real DeFi leverage behind the scenes. The Trading Interface allows you to pick a market, set your leverage, and track positions in just a few clicks. Below, you’ll find a quick guide to making a trade, plus an overview of each key section in the interface. #### Interface Reference
### 1: Connect Wallet and Pick a Network You’ll need to be on the chain where your funds are located (e.g., Arbitrum or Base). Head to the *Network & Wallet Section (1)* to confirm or switch. * **Network Selector:** Shows which blockchain you’re currently connected to (Ethereum, Arbitrum, Base, etc.). * **Wallet Address:** Displays the address you have connected to the interface. If you want to connect a different wallet, you can do so here. *** ### 2. Choose Your Market In the *Market & Quick Stats Section (2)*, you can select the token you want to trade and get a sense of current market conditions. * **Current market:** This is where you can choose what asset you want to trade. Click the dropdown to see all available markets broken down by chain. * **Underlying Protocol:** Each leverage token represents a fully collateralized lending position and is built using DeFi. The 'Powered by' field indicates which DeFi lending market the selected product is built on. * **Quick Stats:** These shows current price, 24h change, and other quick references. *** ### 3. Review Leverage Ratio and Costs Under *Current Leverage Ratio & Cost of Carry (3)*, you can view the selected product's current leverage, plus the daily costs to hold a position. * **Leverage Ratio:** Each leverage product targets a specific maximum–minimum range and only rebalances if the ratio drifts beyond that band, so the exact leverage can fluctuate in response to market movements. * **Net Rate:** This is a dynamic cost incurred from borrowing on a lending market, which can be positive or negative. The Net Rate displayed on the interface breaks down the total net cost of holding an open position in the chosen market. *** ### 4. Open or Close a Position The *Trade Widget (4)* is where you actually make your move. Pick "open" to start a position "close" to exit. Choose your leverage amount and input how much you'd like to trade. * **Open / Close Selector:** Determines the action, whether you are opening a new position or closing a current one. * **Leverage Selector:** Determines the amount of leverage. The options shown correspond with the available amounts of leverage for each market, and can vary from product to product. * **Pay / Receive:** These indicate which assets you are trading and are where you can input the size of your trade. * **Submit Button:** This is how you proceed with your trade once you've input the other details. *** ### 5. Monitor Open Positions and History After opening a trade, you’ll see it under *Open Positions (5)* with key stats like unrealized pnl (profit/loss). if you close or adjust, it’ll show up in your history for recordkeeping. * **Open Positions:** Lists all of your active trades, showing the market, leverage, and key stats like unrealized pnl and current price. * **History:** Provides a chronological log of your positions and key actions (like opens, closes, or partial closes). this is helpful for reviewing past trades and tracking overall performance over time. ### Questions? Drop into the [**Index Coop Discord Server**](https://discord.com/invite/indexcoop) - this is the fastest way to have a real person answer any questions you have!