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ryft handles which exchange — or exchanges — the order goes to, and moves your funds there.
1

Pick a market

SOL-PERP, BTC-PERP, or anything in the market list.
2

Choose a direction

Long profits if the price rises; Short if it falls.
3

Set your size and leverage

4

Read the preview

Expected fill, fee, routing, and ETA.
5

Confirm

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Read the preview before you confirm

The preview is read-only — nothing moves while you’re looking at it.

The order book and ticket in the terminal. Every level is tagged with the venue it came from, and the split-fill route updates as you change size.

Two things worth pointing out in that panel. Route via compares the smart route against each venue’s own price, so you can see what routing is buying you. And every book level carries a source tag — HL, AST, PAC, PHO — so a fill is never anonymous. If the size is bigger than the available depth, the preview says so rather than quoting a price it can’t fill.

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Warm and cold — why the first trade is slower

Your deposit sits in a Solana pool, and exchanges live on different chains. So the first time you trade on a given venue, your funds have to get there.
  • Warm — collateral is already on that venue. Fills immediately.
  • Cold — funds move first. Seconds to about a minute.
A cold trade that seems stuck usually isn’t. Bridging takes as long as it takes; the ETA in the preview is the honest estimate. If it exceeds that materially, the job reports an error rather than hanging silently. Cold trades run in the background — you can leave the panel.

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How routing picks a venue

ryft builds a consolidated order book from every live venue and walks it by price to fill your size as cheaply as possible. If the best fill is 3 on one exchange and 2 on another, the order goes out as two legs. The comparison is fee-adjusted — a venue with a better headline price but a worse taker fee can lose, because what you pay is the all-in number. If you tell ryft how long you plan to hold, routing also prices in the funding you’ll pay or earn on each venue over that period. For a multi-day hold that can outweigh the entry price difference entirely — see funding. Routing only considers venues ryft can actually execute on. You can override it and force a specific venue if you want.

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Market and limit orders

  • Market — fills now, at the best available price across venues. Use when getting in matters more than the exact price.
  • Limit — fills only at your price or better. Use when the price matters more than certainty of filling. It may not fill at all.

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Closing a position

Open the Positions panel and close from there. Like opening, closing runs as a background job. Closing returns your collateral on that venue — it stays there, which keeps your next trade on that venue instant. To bring it back to your Solana pool, reclaim it; to take it off ryft entirely, reclaim then withdraw.

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What can go wrong

Your money is never unaccounted for. If a job reports failed, the error names the stage that failed. Funds are always in exactly one of three places: your pool, on a venue, or in a position.
Risk. Positions can be liquidated — closed automatically at a loss — if the market moves against you far enough. At 20× leverage that’s roughly a 5% move. ryft shows your liquidation price on every open position. Know it before you open, not after.