Reading the quote
Every quote shows the same six numbers. They do not change meaning between markets, terms, or leverage. Once you can read them, you can read any Isometric trade.
The six numbers
| Number | What it tells you |
| Settles | The date and hour the position ends. One price at that hour decides the result. It cannot be closed before then. |
| Position size | Your amount times leverage, or a little more. The exposure the position gives you. |
| Worthless at or below | For a long: settle at or below this price and you receive nothing. A short shows Worthless at or above. |
| Profit above | For a long: settle above this price and you get back more than you paid. A short shows Profit below. |
| Max payout | The most the position can pay in USDG. It is fixed when the trade opens. |
| Max loss | Your amount, paid now including the trading fee. If the position expires worthless you lose it. No margin call, no liquidation. |
Between the worthless price and the profit price the position pays something, but less than it cost. That band is where you get part of your money back.
Max payout
Every position has a maximum payout, fixed when you open it. A long earns on the way up from its worthless price to its cap price and nothing beyond. A short earns on the way down from its worthless price to its floor price and nothing beyond.
The cap sits further from today's price on a longer term and in a more volatile market, so a 7-day position has more room to run than a 1-day one. The ticket shows the dollar amount before you confirm. Once the position is open, its detail in Portfolio shows the price where the payout stops, as Capped at for a long and Floored at for a short. Neither changes afterwards.
The cap is what lets the pool set aside the whole Max payout for you on day one instead of an open-ended amount.
A worked example
Bitcoin is at $100,000. You go Long, enter $500, choose 7 days and 25x. The ticket might show:
| Number | Value |
| Settles | 7 days from now, on the hour |
| Position size | $12,817 |
| Worthless at or below | $99,154 |
| Profit above | $103,022 |
| Max payout | $3,309.85 |
| Max loss | $500.00 |
The exact figures depend on the live price, how volatile the market has been, and how busy the pool is, so yours will differ. Once open, this position shows Capped at $124,759 in Portfolio.
Settlement at different prices pays:
| Bitcoin at settlement | You receive | Result |
| $99,154 or below | $0 | −$500 |
| $101,000 | $239 | −$261 |
| $103,022 | $500 | $0 |
| $105,000 | $756 | +$256 |
| $110,000 | $1,402 | +$902 |
| $120,000 | $2,695 | +$2,195 |
| $124,759 and above | $3,310 | +$2,810 |
Two things to notice. Between $99,154 and $103,022 you get some money back but not all of it. And the payout stops growing at $124,759: Bitcoin at $150,000 pays the same $3,310.
The same idea as a short
Bitcoin is at $100,000. You go Short, enter $400, choose 1 day and 25x. The ticket might show:
| Number | Value |
| Position size | $10,088 |
| Worthless at or above | $103,712 |
| Profit below | $99,600 |
| Max payout | $1,250.46 |
| Max loss | $400.00 |
Once open, this position shows Floored at $90,857 in Portfolio.
| Bitcoin at settlement | You receive | Result |
| $103,712 or above | $0 | −$400 |
| $101,000 | $264 | −$136 |
| $99,600 | $400 | $0 |
| $98,000 | $556 | +$156 |
| $95,000 | $847 | +$447 |
| $90,857 and below | $1,250 | +$850 |
In both examples the worthless price sits on the safe side of today's price and the profit price sits just past it. That is typical: a position starts with some value, and you come out ahead once the price moves a little further your way.
Two shortcuts
Each 1% past the worthless price is worth at least leverage percent of your amount. In the long example, every $1,000 above $99,154 adds about $129 to the payout, which is about 26% of the $500 you entered.
Breakeven is the Profit above price, or Profit below for a short. It is never more than one leverage-share past the worthless price: 1% at 100x, 4% at 25x, 10% at 10x, 20% at 5x.
The quote follows the market
The quote updates as the price moves. If the price moves before your trade lands, the trade either opens close to the quote you saw or fails. A failed trade costs only the network fee, and an open one costs exactly the amount you entered.
The Max payout and the price it stops at are set from the live price when the trade lands, so they can differ slightly from the quote if the price ticks in between.