Options Demo Trading Tutorial

How to Enter Demo Trading Mode

You can access Gate's Options Demo Trading mode in two ways:

• Direct link: https://testnet.gate.com/futures/USDT/BTC_USDT
• Via the desktop website: On Gate's official website, follow these steps to enter Demo Trading mode:

1. On the top navigation bar, click "Futures".
2. From the dropdown menu, click "Demo Trading".

Demo Trading Interface Overview

In Gate's Options Demo Trading interface, you will see four main functional areas: Account Information panel, Options Underlying Selection panel, Expiration Date Selection panel, and T-shaped Options List Panel.

Account Information Panel (Hover to view details) Here, you can clearly see your account's key metrics to understand your current funds and trading risk. The main information includes:

• Account Mode: Switch between different account modes as needed.
• Options Account Equity = USDT Balance + Total Value of Options Positions Total Value of Options Positions = Sum of (Mark Price × Holding Amount) for all positions
• Available Balance: The amount of margin available for opening new positions. This represents the funds that can be used to establish new options positions, excluding the funds occupied by active open orders.
• Order Margin: The margin currently locked by active open orders. When placing an open order, the system will pre-freeze the required margin, which already includes the trading fee. Therefore, users do not need to account for trading fees separately when submitting an order.
• Maintenance Margin: The minimum margin required to maintain the current positions. When the account's total assets are less than or equal to the sum of the total order margin and total maintenance margin, the system will trigger a forced position reduction process to avoid the risk of liquidation.
• Total Initial Margin Ratio = Total Initial Margin / Total Account Equity. A smaller ratio indicates more available funds in the account. If the ratio exceeds 100%, all active open orders will be automatically canceled. Total Initial Margin (Total IM) = Margin Required for Short Positions (Short IM) + Margin Required for Active Open Orders (Order IM)

How to Transfer Funds

In Options Demo Trading, you can easily transfer virtual funds to your demo account, in a few simple steps:

1. Click your [Avatar] - Click [Assets] to enter the Funds Overview page.
2. Select [Options Account] - Click the [Transfer] button on the right.
3. If your available balance is 0, the system will automatically credit 1,000 USDT in demo funds daily.
4. Verify the amount and click [Confirm] to complete the transfer.

How to Open a Position (Buy or Sell Options)

Opening a position means buying or selling an options contract to establish a new position. The specific steps are as follows:

1. Click the desired options contract; a quick order panel will appear on the right.
2. Set your Limit Price—the price you want to buy or sell at.
3. Enter the number of option contracts you want to trade.
4. Check the required margin to ensure you have enough funds.
5. Click [Buy] or [Sell] to open the position.

How to Cancel an Open Order If you have pending orders that have not been filled, you can cancel them at any time:

1. Go to the [Open Orders] tab to view all pending orders.
2. Locate the order you wish to cancel and click [Cancel]—the order will then be removed.

How to Close a Position with a Limit Order If you want to reduce or close your position at a specific target price, you can use a limit close order:

1. Go to the [Positions] tab and select the contract you want to close.
2. Set your closing price and quantity based on your strategy.
3. Click the [Limit] button, and the system will execute your close order when the price condition is met.

Other Personal Trade Records Section

This section provides a detailed record of all your trading activities, helping you track your trade history and review your strategy performance. The main features of this section include:

• Positions: Displays your current options contract holdings, including position size, average entry price, and unrealized PnL, allowing real-time monitoring of positions.
• Position History: Records all closed trades, including entry time, closing time, fill price, and PnL, helping you review past trading decisions and outcomes.
• Open Orders: Shows your current orders, including unfilled ones and their statuses. Users can view details such as contract type, quantity, and price to adjust strategies promptly.
• Order History: Provides a record of all historical orders, including opening, closing, and canceled orders, enabling you to track and analyze your trading activity.
• Trade History: Summarizes all executed trades, including PnL, fill price, and execution time, to help evaluate the effectiveness and overall performance of strategies.
• Transaction History: Records all account fund changes, including transfers, margin usage and release, and fees, allowing users to track the source of fund changes and manage cash flow effectively.