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Trade

Overview​

In Warden, you can use perpetual contracts (trade perps) to trade on future price movements of underlying token without actually owning them. At the moment, Warden supports Hyperliquid perps.

Warden's AI Trading Terminal brings real-time market analysis tools directly into your trading screen so you make informed decisions before placing a trade. This includes AI signals, an order book, and a chart with technical indicators and drawing tools.

This guide explains how to open and manage your positions, manage the trading wallet, and use market analysis tools. To learn more about perps and the related concepts, see Perpetual trading.

warning

Perpetual Trading involves significant risk, including potential loss of all funds due to leverage and volatility, and may not suit all users.

tip

Want to trade just for fun? Try Betflix.

Access the Trading Terminal​

AI Trading Terminal is a place in Warden where you can open perpetual trading positions and analyze market data. To access the Terminal, do this:

  1. Log in: 👉 Warden
  2. Open the Trade tab.

You'll see the Terminal interface, where you can do the following:

  1. Select a perp to trade
  2. Manage the trading wallet
  3. Analyze the market
  4. Create an order
  5. Manage your trade

AI Trading Terminal in Warden

Manage trades​

1. Prepare funds​

To start trading, you need USDC on Ethereum, Arbitrum, Base, or BSC ($5 or more):

  1. Log in: 👉 Warden
  2. If you don't have USDC, deposit it to your main wallet.
  3. In the left menu, open the Trade tab to access the AI Trading Terminal.
  4. Click the wallet icon at the top right to open the trading wallet.
  5. In the trading wallet, click Deposit and add USDC from your main wallet.

Prepare funds for perpetual trading in Warden

2. Create an order​

An order is an instruction for opening a position (participating in a perpetual contract). Warden supports both market and limit orders.

Once you have funds in your trading wallet, you can create an order. Open the AI Trading Terminal and do this:

  1. If it's your first trade, click Start Trading and confirm your consent.
  2. Select a token pair from the drop-down menu at the top left.
  3. In the configuration panel at the right, set your order parameters.
  4. Click Long/Short at the bottom of the configuration panel.
  5. Review your order details and confirm opening a position.
note

Selecting a pair determines the perp you'll trade. Tokens are always paired with USDC: BTC-USDC, ETH-USDC, and so on.

Tips

Create an order in Warden Create an order in Warden

3. Manage your trade​

After you create an order, the following will happen:

  • A market order will open a position immediately at the best available perp price.
  • A limit order will open a position only when the perp price reaches your target price.
Notes
  • Opening a position is subject to trade fees.
  • Long limit orders execute at the target price or lower, shorts execute at the target price or higher.

In the AI Trading Terminal, you can track and manage your positions and pending limit order. See the tabs in the bottom panel:

  • Positions: Access your open positions.
  • Orders: Access your pending limit orders.
  • History: View your closed positions.

To manage an open position or a limit order, click the Manage button next to it. You can do the following:

  • Enable or disable Auto-Close, setting Take Profit and Stop Loss if needed.
  • To close your position or cancel order, click Close/Cancel Order and confirm. You'll see the closed position in the History tab.
  • To cancel all orders, click Cancel All in the Orders tab.
tip

Next to each position, you can see its liquidation price. You can avoid liquidation by enabling Auto-Close.

Track and manage your perp positions in Warden

Order parameters​

When creating an order, you can set the following parameters in the configuration panel:

  • Long/Short: A setting indicating whether your position will benefit when the spot price moves up (long) or down (short).
  • Order Type:
    • Market: Orders that open positions immediately at the best available perp price.
    • Limit: Orders that open positions at a price you set (or better).
  • Price: The price at which you wish to open your position. Long orders execute at the target price or lower, shorts execute at the target price or higher. This option is available only for limit orders.
  • Amount: The token amount to trade, set in USDC. This will become your security deposit, or margin.
  • Leverage: Your leverage—a multiplier defining how strongly the token's price movements affect your gains and losses. It can be 2–40x depending on the token.
  • Auto-Close: Automatically close your position when the market price reaches the thresholds you set:
    • Take Profit: The upper price where your position closes to secure profit.
    • Stop Loss: The lower price where your position closes to cut losses. This helps prevent liquidation.
tip

You can adjust Auto-Close even after creating an order. See Manage your trade.

There are also additional parameters that are automatically calculated based on your settings:

  • Entry: The estimated price at which your position will open if executed now, based on the current market conditions.
  • Liquidation price: The price at which your position will automatically close to prevent further losses.
  • Size: The total value of your position, determined by your margin and leverage.
  • Est. fee: The total fee charged for opening a position. See trade fees.

Manage the trading wallet​

Warden stores your perpetual trading balance in a separate trading wallet. This protects assets in the main Warden wallet from being liquidated.

To switch between the main and trading wallets at any time, click the wallet icon at the top right and select Main Account or Trading. When you're in the Trade tab, the trading wallet is selected automatically.

Access the trading wallet in Warden Switch between the main and trading wallets in Warden

The trading wallet holds its balance in USDC on Arbitrum, but you can fund it from almost any of the supported chains (see below), as long as you have USDC in your main wallet. This is how to move funds between your wallets:

  1. Open the trading wallet.
  2. Click Deposit or Withdraw.
  3. Enter the amount and confirm. Deposits start from $6, and withdrawals from $5.
  4. Warden will transfer USDC from or to your main wallet.
tip

To deposit, make sure your main wallet has USDC on these chains:

  • Ethereum
  • Arbitrum
  • Base
  • BNB Smart Chain (BSC)
note

When depositing, you'll see your consolidated USDC balance across all these chains. Depositing on Arbitrum is a native transaction, so it's the fastest. Deposits from other chains are automatically bridged to Arbitrum. You don't have to handle gas fees or bridging—Warden does everything for you.

Analyze the market​

In the AI Trading Terminal, you can access various market analysis tools helping you make informed decisions on your trades:

  • The live chart displays perp price movements. It supports multiple chart types, technical indicators, drawing tools, and more.
  • The order book shows real-time perp market liquidity. The market data for the chart and order book is provided by Hyperliquid.
  • Messari Signals powered by Messari are AI-generated token reports. For deeper insights, use the Messari Deep Research Agent.

Analyze the perpetual trading market in Warden See perps on a live chart in Warden

Perpetual trading​

Trade perp​

A trade perp (perpetual contract) is a never-expiring derivative that tracks the spot price of a specific token. Such contracts allow you to do the following:

  • Trade on future price movements without owning the underlying tokens
  • Maintain your positions for as long as you meet the required margin

Position​

A position is your participation (exposure) in a perp. If you take a long position, that means you expect the token's spot price to increase and will profit from it. Short positions profit when the price moves down.

Market order​

A market order is an instruction to open a position in a perp immediately at the best available perp price.

Limit order​

A limit order is an instruction to open a position in a perp when its price reaches your preferred price or better:

  • Long orders execute at the target price or lower.
  • Short orders execute at the target price or higher.

Spot price​

Spot price is the current market price at which a token can be immediately bought or sold.

Margin​

Margin is the security deposit that keeps your positions open. If your margin drops too low because the position is losing money, a liquidation will happen: Warden will automatically close the position.

Leverage​

Leverage is a tool that lets you control a larger position than the amount of money you commit as margin. This magnifies the impact of price changes on your margin. For example, with a 5x leverage, a 1% price move feels like a 5% move on your position.

warning

Trading with leverage amplifies gains and losses, increasing the risk of liquidation.

Funding rates​

Funding rates are small payments that keep the perp price close to the token's spot price. When the perp price drifts away from the spot price, long and short traders pay each other:

  • When the perp price is above the spot price, longs pay shorts.
  • When the perp price is below the spot price, shorts pay longs.
note

No action is needed: Warden handles these payments automatically.

Liquidation​

Liquidation happens when losses on your leveraged position reduce your margin to the point where it can no longer cover the risk. To prevent your balance from going negative, Warden automatically closes your position and finalizes the loss.