# Trading Page Overview The Rails trading page is the main and most important on the platform. This is where you will place new trades, monitor open positions and analyze market trends. On it you will find the key components laid out below. {% hint style="info" %} For definitions and calculations of all terms referenced here, please visit the [Trading Metrics Guide](https://help.rails.xyz/general/navigating-the-platform/trading-metrics-guide). {% endhint %}


Price Chart Understand the chart and set your favourite markets.	#price-chart
Order Book See what other active traders are bidding on.	#order-book
Order Panel This is where you place your trades.	#order-panel
Market Data Real-time snapshot of key asset metrics.	#market-data
Account Summary Find a real-time update of your account.	#account-summary
Trade Summary Access key information on your recent trades.	#trade-summary-tabs
Recent Trades View the most recent trades (anonymized)	#recent-trades

## Price Chart A digital asset price chart is a graphical representation of a cryptocurrency’s price movements over time. It helps traders analyze market trends, price fluctuations, and trading volume. We've integrated with TradingView to provide users with a reliable, highly configurable chart which they can customize based on their trading needs.

{% hint style="warning" %} The price displayed beside the market is the Order Book Price. This is the halfway point between the best bid (highest price someone is willing to buy) and the best ask (lowest price someone is willing to sell). This is the price used to open and close positions. {% endhint %} {% hint style="info" %} Our [Chart Settings Guide](https://help.rails.xyz/general/navigating-the-platform/chart-settings-guide) has more information about how to customize the price chart. {% endhint %}

Starring your favourite markets

If you are only interested in a few specific assets, you are able 'favourite' the markets you trade most frequently in the Price Chart as shown below. 1. Click on **All Markets** on the top left of the main Trade screen. 2. Click on the yellow star beside each market that you want to mark as a ‘favourite.’ The star will fill (See below). 3. Click **Show favourite markets** at the bottom. This will reduce the market selector to only your favourite markets. To undo or change your selection, click on **See all markets** and change as required.

## Market Data The market data displayed at the top right of the main Trading page provides a real-time snapshot of key metrics that help you assess the activity and dynamics of the asset selected in the price chart.

Explore each metric shown: * **Index Price**: The current asset price in USD pulled from our [Index Price Sources](https://help.rails.xyz/trading/index-price-sources). * **Open Interest**: The total number of open contracts in the market, serving as a measure of trader participation. * **Agg Volume**: The total trading volume in USD over the last 24 hours, indicating market activity. * **24h Trades**: The number of trades executed in the past 24 hours. * **Funding Rate**: The current [funding rate](https://help.rails.xyz/trading/funding#how-is-funding-calculated) applied to open positions, updated hourly. * **Next Funding**: A countdown to the next funding interval. ## Order Book & Recent Trades The order book is a real-time, digital ledger that displays all open buy and sell orders for the asset you are viewing in the price chart. It helps traders see quantity and price levels at which others are willing to buy or sell. You'll also find all recent trades tabbed next to the order book.

{% columns %} {% column %} ### Order Book The order book is divided into **Buy Orders (Bids)** (the prices and amounts buyers are willing to pay and **Sell Orders (Asks)** (the prices and amounts sellers are offering). By analyzing the order book, traders can gauge market sentiment, identify potential price movements, and make informed trading decisions.
The order book also provides two great features to assist with your trades: * The **Spread**, which is the difference between the highest bid and the lowest ask price in the order book. It is presented both as a $(asset value) and a % difference. * A drop down **currency switcher**, where each asset's order book provides details either in units or USD value of the orders at each price. {% endcolumn %} {% column %}

{% endcolumn %} {% endcolumns %} {% hint style="info" %} The tick size (minimum price change) and lot size (minimum order quantity) are both set to 0.00000001 (8 decimal places), but only 6 decimal places are displayed. {% endhint %} {% columns %} {% column %} ### Recent Trades This section provides a snapshot of the most recent trades of the asset currently displayed in the price chart that have been executed. It shows both buy or sell trades with the size (quantity), price and time of each trade. {% endcolumn %} {% column %}

{% endcolumn %} {% endcolumns %} ## Order Panel {% columns %} {% column %} This is where you place your trades. See our [order types article](https://help.rails.xyz/trading/order-types) for detailed information on available order types and how to place trades. The order panel displays a dynamic summary of your order. Use the percentage bar to select what portion of your buying power you wish to deploy for this order, where *buying power* refers to your available balance multiplied by your [account leverage](https://help.rails.xyz/trading/leverage-and-liquidation). {% endcolumn %} {% column %}

{% endcolumn %} {% endcolumns %} ## Account Summary Here you will find a real-time update of your account summary, including balances, fees and trading volume.

{% columns %} {% column %} * **Available Balance:** The amount you have available to place new trades. Changes dynamically as you open/close positions, realize profits/losses, or deposit/withdraw funds. * **Account Balance:** This is the total current balance of your account including both available balance and amount in trades. This updates dynamically if you have open positions, as the index price of your open position fluctuates. * **Funding:** This is the total [funding](https://help.rails.xyz/trading/funding) adjustment applied to your portfolio. * **P\&L:** Your lifetime realized profit and loss total on both short & long positions. When you close a position, the profit (or loss) you earn (or lose) becomes your realized P\&L. {% endcolumn %} {% column %}

{% hint style="info" %} Want to know how these values are calculated? Check out the math [here](https://help.rails.xyz/general/navigating-the-platform/trading-metrics-guide). {% endhint %} {% endcolumn %} {% endcolumns %} * **Fees:** The total amount of [fees](https://help.rails.xyz/the-rails-platform#rails-pricing-and-fees) paid for executed trades. * Additionally, further down, your current [dynamic fee tier information](https://help.rails.xyz/pricing-and-fees#dynamic-trading-fees), including when your 30D Volume, when it was last updated, and the fees are shown:\ ![](https://1893902947-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvoJ4s2ha99AB453yyXn5%2Fuploads%2FeUJShHys84nOlVbiiWJN%2FCleanShot%202026-01-16%20at%2014.40.46%402x.png?alt=media\&token=f84190f3-e388-40e1-8749-b2c65063c64f) * **Volume:** The total lifetime volume in USD you have traded. * **Unrealized P\&L:** The potential profit or loss from open positions. These calculations are the same as shown above, but adjust with fluctuations in your open positions in real time. ## Trade Summary Tabs The Rails platform makes it easy for you to access your key information on your recent trading activity at the bottom of the main trading screen.

{% tabs %} {% tab title="Position" %} The Position summary tab provides real-time information on all open positions. It lists the following details: * **Market**: The asset name of the trade placed (e.g. BTC-USD). * **Price**: The current index price of the asset, pulled from our [Index Price Sources](https://help.rails.xyz/trading/index-price-sources). * **Position Value**: This represents the total notional value of your open trade. It is a real-time view of how much your position is worth based on the current index price. * **Size:** The total asset quantity of the open position. * **Margin**: The available balance being held as collateral to control the open position if leverage is used. * **Leverage**: The [leverage](https://help.rails.xyz/trading/leverage-and-liquidation) (1x to 5x) selected when placing the trade. * **Liquidation Price**: The [price at which the position will be liquidated](https://help.rails.xyz/trading/leverage-and-liquidation#how-is-the-liquidation-price-calculated) if the market moves against your trade. * **Average Price**: The average entry price of all trades used to fill the order. * **Unrealized P\&L**: The current gain or loss on an open position, based on the difference between the entry price and the current market price, but not yet locked in by closing the trade. * **Realized P\&L:** The accumulated profits or losses that have already settled as a result of [funding](https://help.rails.xyz/trading/funding). * **Trigger Orders**: A place to add or change [take profit or stop loss orders](https://help.rails.xyz/trading/order-types) against the position.

**Limit/Market Close directly from your position:** From the positions tab, you can also easily close your position either with a limit or market close. Watch the video below to see how:

{% hint style="warning" %} **Note:** Limit closes require a price input, and may not close your position immediately. Learn more about limit orders [here](https://help.rails.xyz/trading/order-types). {% endhint %} {% endtab %} {% tab title="Open Orders" %} This section lists requested orders that have not been filled yet. It displays the following details: * **Status**: The status of the open order (e.g. active) * **Market**: The asset name of the open order (e.g. BTC-USD). * **Action**: The direction of the trade (Buy or Sell). * **Quantity**: The total asset quantity of the open order. * **% Filled**: What percentage of the open order has already been filled, if not fully executed. * **Price**: The limit price in USD set when the order was placed. * **Trade Type**: Indicates whether the order was a limit or market order. * **Time Placed**: The date and time the order was placed. * **Modify/Cancel**: Buttons to enable users to cancel or modify the open order.

{% endtab %} {% tab title="Trigger Orders" %} This section is where you find the trigger orders placed to protect your trades. It displays the following details: * **Market**: The asset name of the trade placed (e.g. BTC-USD). * **Trigger Type**: Indicates whether the trigger order is a take profit or stop loss. * **Trigger Price**: The price at which the trigger order will execute. * **Action**: Indicates whether the order will buy or sell when triggered. * **Quantity**: The asset quantity that will be bought or sold when the trigger order executes. * **Price**: The index price at which the the order will execute, pulled from our [Index Price Sources](https://help.rails.xyz/trading/index-price-sources). * **Balance**: The expected balance of the trade at the time of execution based on the parameters set. * **Trade Type**: Indicates whether a market or limit trigger order was set. * **Reduce Only**: If Yes, ensures the order will only reduce or close an existing position and never increase or reverse it. * **Time Placed**: The date and time the order was placed.

{% endtab %} {% tab title="Trade History" %} This section shows your 50 most recent completed trades from the past 7 days. It displays the following details: * **Market**: The asset name of the trade (e.g. BTC-USD). * **Side**: Indicates whether it was a buy or sell trade. * **Size**: The asset quantity of the trade. * **Price**: The asset price in USD at the time the trade was executed. * **Fill Type**: Indicates whether the trade was completed or only partially filled. * **Execution Type**: Indicates whether the users trade was on the Maker or Taker side. * **Completed At**: The date and time the trade was executed.

{% hint style="info" %} For your full trading history, visit the [Portfolio page](https://help.rails.xyz/general/navigating-the-platform/portfolio-page-overview). {% endhint %} {% endtab %} {% endtabs %} ### Share your wins with PNL Cards :tada: {% columns %} {% column width="50%" %} You can share your P\&L Card from either the [positions summary tab](#position) or [P\&L history tab](https://help.rails.xyz/general/portfolio-page-overview#trade-history-tab-p-and-l-history-tab), directly from your Rails account and to your social accounts! Select the share icon beside the position ![](https://1893902947-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvoJ4s2ha99AB453yyXn5%2Fuploads%2FrZzXINkFUbC8Gv76w65O%2Fimage.png?alt=media\&token=78e29ef9-b7ce-44fc-a984-9b8e0a0afa36) to display your custom P\&L card. Choose how you want to share your PNL Card: * **Save image:** allows you to download your PNL card to share on any platform * **Share on X:** allows you to post a link directly to X, if your account is connected. {% endcolumn %} {% column width="50%" %}

{% endcolumn %} {% endcolumns %} {% hint style="info" %} **Tips & Tricks:** * Learn how to connect your X account [here](https://help.rails.xyz/general/navigating-the-platform/broken-reference). * To share your PNL card on X, save the image and post it manually with your referral code. Learn about referral links [here](https://help.rails.xyz/general/navigating-the-platform/broken-reference)! * PNL cards can't be generated for positions created before November 4, 2025. {% endhint %}