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The Order Panel is where you enter and manage trades on Trove
It shows everything you need to configure your order — from direction and leverage to type and confirmation.
Order Type
Order Type
Description
Market
Executes immediately at the best available price.
Limit
Executes only at your specified price (or better).
Long or short
Long / Buy — You expect prices to rise.
In perpetual markets, this means you profit when the price goes up.
In spot markets, this means you’re buying and holding the asset.
Short / Sell — You expect prices to fall.
In perpetual markets, this means you profit when the price goes down.
In spot markets, this means you’re selling holdings or taking a short exposure.
Amount
This field determines how much you’re trading.
Enter either the quantity of the asset or the USD notional value you wish to trade.
You can toggle between Notional (USD) and Amount in Asset Units for clarity.
If a collectible perp is priced at $200 and you enter $1,000, you’re opening a 5-unit position. The system automatically updates margin requirements and fees based on your chosen amount.
Leverage
Leverage allows you to control a larger position with a smaller amount of collateral.
Use the slider or input box to select your desired leverage.
The panel will display your Required Initial Margin for the trade.
Adjusting leverage updates your liquidation price in real time.
Use leverage responsibly — higher leverage increases potential gains and losses. At 5× leverage, a $100 margin controls a $500 position.
Summary
This section provides a full overview of your order before you place it:
Field
Meaning
Order Value
Total size of your trade (in USD or asset units).
Margin Required
Collateral needed to open the position.
Liquidation Price
The price at which your position will be liquidated if losses exceed your margin.
Estimated Fees
Trading and funding fees associated with the order.
Slippage
Expected price impact for Market orders based on liquidity depth.
Tick Size Check
Ensures Limit orders use valid price increments.
Place Order
When you’re satisfied with your settings:
Review your side, type, amount, and leverage.
Click Place Order.
Approve the transaction in your wallet (if prompted).
Market Orders fill immediately.
Limit Orders appear in Open Orders until they fill or you cancel them.
Once filled, your trade appears in Positions → Active with real-time PnL tracking.
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