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Open your first position

This walkthrough takes you from an empty wallet to an open position.
To try it without real money, turn on Demo in the app header. Demo mode uses simulated funds, so you can practise the whole flow without a wallet.
  1. Connect a wallet
    Open app.isometric.fi and choose Connect.
  2. Fund it on Arbitrum or Robinhood Chain
    Isometric runs on Arbitrum One and Robinhood Chain. You need two things in your wallet on the network you trade on:
    • USDG to pay for positions. USDG is Global Dollar, a dollar stablecoin issued by Paxos. The minimum position is $10.
    • A little ETH for network fees.
    There are three ways to get USDG on Arbitrum:
    • From an exchange. Withdraw USDG and ETH to Arbitrum from an exchange that supports it.
    • From another network. Bridge your funds to Arbitrum.
    • From USDC on Arbitrum. Swap it for USDG in the USDG/USDC pool on Uniswap.
    The USDG contract on Arbitrum One is 0x004B506865409877C9fA29bfb1ebA929984B9bbC. Other tokens can use the same name, so check the address before you swap.
    On Robinhood Chain, USDG is the native stablecoin. Withdraw it from an exchange that supports Robinhood Chain, or bridge it from another network.
  3. Pick a market
    The market picker sits at the top of the trade page. Bitcoin is the launch market. Other markets are listed so you can see what is coming, but only live markets can be traded. See Markets.
  4. Set up the trade
    The ticket has four controls:
    • Long or Short. Long pays if the price settles above your target. Short pays if it settles below.
    • Term. 1, 3, 7, or 30 days.
    • Amount. The USDG to spend. The ticket shows it as Max loss: the whole cost, fee included, and the most you can lose.
    • Leverage. 5x, 10x, 25x, 50x, or 100x.
    The quote below the controls updates as you change them. Direction, amount, term, and leverage explains what each one does to the trade.
  5. Read the quote
    Before you confirm, check the numbers on the ticket. The three that matter most:
    • Worthless at or below (or above, for a short). Settle on the wrong side of this price and you lose what you paid.
    • Profit above (or below). Settle past this price and you come out ahead.
    • Max payout. The most the position can pay, however far the price runs.
    The quote follows the live price on its own. Reading the quote walks through every number with an example.
  6. Confirm
    Press Confirm Long BTC or Confirm Short BTC. Your wallet asks you to sign an approval for the premium, then to send the trade. The approval is a signature, not a transaction, so a trade costs one network fee.
    The position is open as soon as the transaction lands. You will see it in Portfolio.
  7. Wait for settlement
    Nothing else is required from you. The position cannot be closed early and cannot be liquidated. At the settlement time shown on the ticket, one price decides the result.
    If you win, USDG is normally sent to your wallet automatically. You can also open Portfolio and press Claim yourself. If you lose, there is nothing to do. See Payouts and claims.

What the button is telling you

The confirm button doubles as a status line. If it does not say Confirm, it says why:
Button textWhat it means
Switch to Arbitrum OneYour wallet is on another network
Insufficient USDGYour wallet holds less USDG than the position costs
Min amount or Max amount, with a figureThe amount is under the minimum or over the most one position can take right now
Amount too small for this tradeThe premium would be a negligible share of the position. Raise the amount or lower the leverage
Pool is at capacityThe position would take the pool past one of its limits. Try a smaller amount or another term
The price feed is unavailableThe Chainlink price is stale or moved too far in one update. New positions wait until it is healthy
The Arbitrum sequencer is downNew positions wait until the network is back and has been up for a while
Volatility data is behindThe market's volatility record has not caught up. It normally does within minutes
Market data is staleThe app has lost its live market feed. Trading resumes when it reconnects
New trades are pausedThe market is paused. Existing positions still settle and pay out
If the price moves between the quote and your transaction, the trade either goes through within the limits you signed or fails with The price moved. Check the new quote. A failed trade charges nothing but the network fee.

Before you trade

  • Read Know the risks. It is short.
  • Understand that a position runs to settlement. There is no early exit.
  • Never trade with money you cannot afford to lose in full.
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