💎Start trading

Step 1: Connect Wallet

Connect your preferred wallet to ZO

Connect to ZO with any supported wallet

Step 2: Open a Position

ZO allows you to take both long and short positions with leverage, supporting a range of tokens (SUI, DEEP, USDC, WAL and CETUS) as collateral.

Long vs. Short

• Long: You profit when the token’s price goes up.

Opening a Long Position on Sui

• Short: You profit when the token’s price goes down.

Opening a Short Position on Sui

Choosing Liquidity Pool

You can select liquidity pool to borrow leverage against from the Liquidity Pool Dropdown. Each liquidity pool supports different assets with different reserving rate depending on the liquidity depth.

For instance, if you are trading with stable (USDC), the USDZ pool may have the most USDC liquidity. Hence you will get a lower reserving rate for borrowing USDC from the pool as your leverage.

On ZO, we already did the hard work for you - liquidity pool is auto-selected based on collateral selection and liquidity depth. Whenever you change your collateral, we automatically find the pool that has the deepest liquidity for you.

Liquidity Pool Selector

Choosing Collateral and Leverage

After selecting a position direction, choose your collateral token from the dropdown menu. The platform will display your collateral value in USD.

Next, enter the amount of collateral you want to use and select a leverage level. ZO automatically calculates your position size based on these inputs.

Example:

You’re entering 10 SUI as collateral (~$21.42 USD), and choosing 10x leverage.

• Position Size: 97.0874 SUI (~$207.99 USD)

• Leverage: 10x

The trading fee to open and close a position is normally 0.2% - 0.5% of the position size depending on the index token.

"Reserving Fee Rate" is deducted every 8 hours, which is paid to liquidity providers based on the reserve amount. The hourly reserving fee is calculated as (borrowed assets) / (total assets in the pool) * 0.01%.

Although trades don't cause price impacts, potential slippage can occur due to price changes between when a trade is submitted and confirmed on the blockchain. Slippage represents the disparity between the expected trade price and the actual execution price. Customizing slippage can be done by clicking the "settings" option below "short" in the above screenshot.

At the commencement of each 8-hour period, a funding fee is also deducted. This fee can be either positive or negative to facilitate adjustments. See "Algorithm Balanced Funding Rate" for more details.

Review Trade Details

ZO automatically calculates your key trade metrics:

• Entry Price: 2.142

• Est. Liquidation Price: 1.928

• Open Fee: 0.2912 SUI (~$0.6239)

• Available Reserve: 97.09 / 67,689.45 SUI

• Reserving Fee Rate: 0.0112% per hour

Step 3: Managing Positions

Once you open a trade, it will appear under your Positions tab. From there, you can track its performance and make live adjustments as the market moves.

Adjusting Collateral

Click Adjust to either:

• Deposit more collateral — lowers your leverage and moves your liquidation price farther away

• Withdraw collateral — increases leverage and brings liquidation closer (if you’re confident in your position)

When you deposit collateral, ZO captures a snapshot of its USD value at that moment. This snapshot is used to determine your position size, which remains fixed regardless of future price movement.

Withdraw Collateral View

Step 4: Closing a Position

You can close your position at any time — either partially or fully — directly from the Positions tab.

How to Close

1. Go to the Positions section of the trading interface

2. Click Close next to the position you want to exit

3. Choose to close the entire position or just a portion of it

4. Confirm the transaction

ZO will handle everything in the background — from calculating PnL to returning your funds.