NFT Perpetual Floor Price Position Opener

WHAT IT DOES

NFT Perpetual Floor Price Position Opener lets you open leveraged perpetual positions on the floor price of an NFT collection. Instead of buying actual NFTs, you deposit collateral and apply leverage to gain exposure to floor price movements—profiting from price increases (long) or decreases (short) without owning the underlying assets. The tool checks the current floor price from the perpetual contract's oracle, verifies that the collection is supported, and opens the position in one transaction. This is essential for traders who want to speculate on NFT floor prices with capital efficiency.

HOW TO USE

Connect your EVM wallet and select the network. Enter the perpetual contract address that supports floor price trading for NFT collections. Enter the NFT collection address you want to trade. Set your collateral amount in wei and the leverage multiplier (e.g., 2x, 3x, 5x). Click "Check floor price" to verify that the collection is supported and to view the current floor price. Review the displayed price and parameters, then click "Open position" to deposit collateral and open the perpetual position. The tool sends the collateral as value to the perpetual contract and sets the leverage, opening the position.

TECHNICAL MECHANISM

The tool first checks whether the collection is supported by the perpetual contract using the isSupported() view function. It then retrieves the current floor price from the contract's oracle via getFloorPrice(). The perpetual contract uses a price feed (e.g., from NFT marketplaces or oracles) to determine the floor price. The openPosition() function takes the collection address, collateral amount, and leverage as parameters, and is called with the collateral amount as value. The contract deposits the collateral, applies the leverage, and opens a perpetual position that tracks the floor price. The position has no expiration (perpetual) and can be closed at any time. The tool uses receipt.effectiveGasPrice for accurate gas reporting and provides progress feedback during the process.

WHAT IT CANNOT SEE

This tool cannot open positions on collections where the floor price oracle is unavailable or stale—the contract verifies oracle availability. It relies on the perpetual contract supporting the specific NFT collection and price feed; collections not whitelisted or with non-standard oracle mechanisms are not supported. The tool cannot guarantee the accuracy of the floor price feed—oracles may lag or be manipulated. It also cannot guarantee the profitability of the position—floor prices are volatile and leveraged positions can result in total loss of collateral.

PLEASE NOTE

Leveraged positions amplify both gains and losses—you can lose your entire collateral if the floor price moves against your position. Ensure you understand the perpetual contract's fee structure, liquidation threshold, and funding rates before opening a position. The perpetual contract must be trusted; verify its security and audit status before use. This tool is for EVM chains only and does not support non-EVM networks.