1. First open with a browserhttps://trade.dYdX.exchange/perpetual/BTC-USD. Select the BTC-USD contract under the perpetual contract, and perform [Connect Wallet]

2. After [Connect Wallet], click [Deposit], select [BTC-USD Perpetual Contract] in the [Target] drop-down menu on the right, and select the preferred stablecoin [USDC] or [ USDT], after filling in the amount to be deposited, click [Confirm Deposit], this deposit will serve as a margin for BTC-USD contract transactions

3. After completing the deposit of the margin, we can check our position in [Equity Account] and start trading. Assuming that we think BTC will rise, we can choose any leverage between 1X and 10X to go long. However, it is worth noting that the higher the leverage, the easier it is to be affected by currency price fluctuations, and the risk of being liquidated increases, so please Choose the leverage that suits you according to your risk tolerance

4. Users can choose the leverage they want either through the slider or by entering the corresponding number of BTC. Here, we have chosen a leverage of 5X; then, the user can choose the desired trading method Yes, currently dYdX supports market price trading, limit price trading and stop loss trading; here, because the amount is relatively small, we choose to trade directly at the market price of the order. Click [Place Market Order] to place an order

5. After placing the order, the user will sign and authorize dYdX to match the transaction on their server; after the transaction is completed, the user can see the transaction in the transaction order collection on the left, or view it in all transactions on the bottom right The exact details of this transaction and its connection on-chain

6. Finally, the user can continuously track the profit and loss of the position through the [Account Equity] in the position menu: It is worth noting that because the perpetual contract has no delivery date, dYdX has designed a fund fee mechanism so that the price of the perpetual contract can be Anchoring the spot price, assuming that [8-hour funds] is positive, it means that the price of the perpetual contract is higher than the mark price, holding long positions needs to pay funding fees to short positions, assuming that the 8-hour funds display is negative, it means that short positions A funding fee needs to be paid to longs