ANCHOR505
testnet

Risk

Understand the risk before you trade.

Perpetual futures involve substantial risk and may not be suitable for every trader. This page is educational and is not investment, legal, or tax advice. Anchor505 cannot prevent losses.

Leverage

Leverage magnifies both gains and losses. A small adverse price move can represent a large change relative to the margin you have posted.

Liquidation

If your margin falls below the maintenance requirement, positions can be liquidated. You can lose the margin allocated to a position, and in some conditions more than your initial margin.

Funding

Perpetual markets use periodic funding payments exchanged between long and short positions. Funding can be positive or negative and affects the cost of holding a position over time.

Slippage and market orders

Market orders execute against available liquidity and may fill at prices different from the last shown price, especially in fast or thin markets. Displayed estimates are not guaranteed execution prices.

Wallet signing

Anchor505 is self-custodial. You approve every transaction with your own wallet. Anchor505 never stores your private keys, seed phrase, or signing secrets, and cannot move your funds on your behalf.

Smart-contract and infrastructure risk

Trading relies on smart contracts, bridges, and blockchain networks. Bugs, exploits, congestion, or chain issues can cause loss, delay, or failed transactions.

Third-party infrastructure

Anchor505 depends on Orderly Network and other third-party providers. Outages or degraded service in those systems can affect trading, deposits, withdrawals, and data.

Data delays and availability

Prices, balances, and account figures may be delayed or temporarily unavailable. Application state can differ from on-chain state. Estimates are distinguished from confirmed figures where possible.

Testnet and mainnet

This deployment runs on Orderly testnet, which uses non-real assets for evaluation. Behaviour on mainnet, with real assets, carries real financial consequences. The network in use is labelled in the interface.