How to start trading on SunX

1. Create an account

1. Open the SunX app, click Connect Wallet in the top-right header, pick a supported wallet and sign the sign-in message. The signature costs no gas and grants no spending permission; the guide says to read the message and confirm the domain before signing. source ↗
2. There is no registration step: you trade by connecting a self-custody wallet. SunX's Q&A lists MetaMask, Binance Wallet, OKX Wallet, Bitget Wallet, TokenPocket and TronLink on the TRON, Ethereum, BSC and Arbitrum networks. source ↗

2. Deposit collateral

1. USDT is the margin asset. Before your first USDT deposit, click Approve USDT in the Deposit window and confirm it in your wallet; the docs say to check that the contract is TEubMt2TNag5NN1JXVaeysUk8GNTTYmtVX before approving. source ↗
2. Then choose the token, enter the amount, click Confirm Deposit and sign. After the on-chain confirmation the balance appears on the Portfolio page. source ↗
3. Keep some of the chain's native token for gas, for example TRX on TRON. Deposits cannot be reversed once confirmed, and sending an unsupported token can mean permanent loss. source ↗
4. SunX does not custody funds held on an exchange. To use exchange funds, move them to your own wallet first, then connect that wallet. source ↗

3. Open your first position

1. Order types are Limit, Market, Trigger, Post-Only, Trailing Stop and TWAP. A market order fills right away at the best available price, but you cannot set its price. source ↗
2. Only cross margin is supported: all positions share the same USDT balance and isolated margin is not available yet. Position margin equals position value divided by leverage. source ↗
3. Fees are charged in USDT when you open and when you close. The page lists 0.02% maker and 0.04% taker but says these are examples and your own fee tier applies. source ↗
4. SunX says it supports up to 100x leverage. Futures trades themselves need no gas; you pay only the trading fee. source ↗

4. Know how liquidation works

1. Forced liquidation starts when your margin ratio reaches 100%. All open orders are cancelled, and positions may be liquidated partly or in full depending on size and risk. source ↗
2. Unrealized PnL and liquidation use the mark price, which comes from a multi-exchange index price and the funding rate. source ↗
3. After a liquidation, any margin left over goes to the insurance fund rather than back to you. source ↗
4. Funding is exchanged between longs and shorts at intervals of 1, 2, 4 or 8 hours depending on the pair. Only positions open at settlement pay or receive it. source ↗
5. SunX says the platform is still in a testing phase and undiscovered smart-contract bugs may exist. Core contracts cannot be upgraded and users bear the risks. source ↗

5. Withdraw

1. Click Withdraw, choose the token and amount, and approve the request in your wallet. The funds reach your connected wallet after blockchain confirmation. source ↗
2. Withdrawals for all users combined are capped at 2,000,000 USD per hour, and network congestion can delay them. source ↗

6. Common mistakes

1. Take-profit and stop-loss orders trigger on the latest traded price, not the mark price. You can attach them to a limit opening order or add them to an open position. source ↗
2. Taker orders get an extra delay of about 100 milliseconds before matching, so in fast markets the fill price and size can differ from what you saw. source ↗
3. If your account goes negative after a liquidation, you must deposit funds to bring it back to positive. source ↗
4. Trading history is only shown for the last 30 days. source ↗

Before you trade

Perpetual futures use leverage: a small price move against you can liquidate your collateral. Start with a small amount and low leverage, and read the venue’s current fee and margin pages, which can change after this guide was checked.