> For the complete documentation index, see [llms.txt](https://docs.click.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.click.trade/web-terminal/perpetual-futures.md).

# Perpetual Futures

Open and manage a leveraged perps position on the Web Terminal.

## Overview

The **Perpetual Futures** terminal gives you access to leveraged trading across supported markets, combining powerful execution tools, advanced order types, and real-time position management in a single interface.

Designed for speed and flexibility, the Perps terminal allows you to open, manage, and close positions while monitoring live market data, funding information, and portfolio performance without leaving the trading page.

![Perps trading page](https://953360368-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvlAJauw5lS9CaoRy1bfd%2Fuploads%2FQIMEbyQR8jBvC04WF3UF%2F01-perps-page-order-types-35.jpg?alt=media)

## Trading Interface

The Perpetual Futures terminal brings together everything you need to manage a leveraged position from a single workspace.

From the trading page you can:

* View live market charts
* Open long and short positions
* Monitor funding and market activity
* Manage open positions
* View open and historical orders
* Track profit and loss in real time
* Configure advanced order settings

Every component is designed to minimize the time between identifying an opportunity and executing a trade.

## Placing a Trade

Opening a perpetual position is straightforward.

1. Select the perpetual market you'd like to trade.
2. Review your available Perpetual Futures balance.
3. Choose your order type.
4. Select your leverage and margin settings.
5. Enter your position size.
6. Configure any optional Take Profit or Stop Loss levels.
7. Review your order.
8. Confirm your trade.

![Margin mode, Cross or Isolated](https://953360368-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvlAJauw5lS9CaoRy1bfd%2Fuploads%2FjtXCXiGfldqfG0HlNjSD%2F02-margin-mode-cross-isolated-36.jpg?alt=media) ![Adjust leverage](https://953360368-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvlAJauw5lS9CaoRy1bfd%2Fuploads%2FTjbMez3IawXDLV1hTwOa%2F03-adjust-leverage-37.jpg?alt=media)

Once your order has been executed, your position will immediately appear in your **Positions** panel.

## Order Types

The Perpetual Futures terminal supports multiple order types to suit different trading strategies. Scale, Stop Limit, Stop Market, and TWAP are under the **Pro** menu.

### Market

Executes your order immediately at the best available market price.

### Limit

Places an order at a specific price and executes only if that price is reached.

### Scale

Gradually enters a position across a user-defined price range instead of executing the entire order at once.

### Stop Limit

Activates a limit order once your specified stop price has been reached.

### Stop Market

Triggers a market order when your chosen stop price is reached, making it ideal for automated entries and exits.

### TWAP

Breaks a large order into multiple smaller trades that execute over time to help reduce market impact.

## Position Management

Once a position has been opened, you can manage it directly from the trading terminal.

Available actions include:

* Increase your position
* Reduce your position
* Close your position
* Modify Take Profit and Stop Loss
* Monitor unrealized PnL in real time

All position updates are reflected immediately throughout the platform.

## Trade Settings

The Perpetual Futures terminal includes a range of configurable settings to match your trading strategy.

Available options include:

* Leverage
* Cross or Isolated Margin
* Reduce Only
* Take Profit
* Stop Loss
* Slippage Tolerance
* Advanced order settings

These settings can be adjusted before placing a trade or while managing an existing position.

## Monitoring Positions

The terminal provides a complete overview of every active position.

Available information includes:

* Entry Price
* Current Market Price
* Position Size
* Unrealized PnL
* Liquidation Price
* Margin Usage
* Funding Information

This information updates in real time, allowing you to react quickly as market conditions change.

![Positions table](https://953360368-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvlAJauw5lS9CaoRy1bfd%2Fuploads%2FuRblHOoU7gek2JNMztAU%2F04-positions-columns-38.jpg?alt=media)

## Managing Risk

{% hint style="danger" %}
Leveraged trading carries additional risk compared to spot trading.
{% endhint %}

Before opening a position, consider:

* Your selected leverage
* Liquidation price
* Position size
* Available margin
* Stop Loss placement
* Take Profit targets

Using appropriate risk management tools can help reduce exposure during periods of increased market volatility.

## Tips

* Lower leverage generally provides a larger margin for market fluctuations.
* Always review your liquidation price before confirming a trade.
* Consider setting Take Profit and Stop Loss levels when opening a position.
* Monitor funding rates if you're planning to hold positions over longer periods.
* Use advanced order types such as Scale and TWAP for larger entries.