> For the complete documentation index, see [llms.txt](https://tradewithonyx.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tradewithonyx.gitbook.io/docs/onyx/web-terminal.md).

# Web Terminal

The Onyx Web Terminal brings a smooth, high-performance trading experience directly to your browser: [<mark style="color:green;">https://app.onyx.live/</mark>](https://app.onyx.live/trade/BTC)

<figure><img src="/files/IfYL9YsjrGlWs0iAfG0f" alt=""><figcaption></figcaption></figure>

Onyx is a Pro terminal that supports everything you can do on [<mark style="color:green;">Hyperliquid's</mark>](https://app.hyperliquid.xyz/trade/BTC) native UI and much more. Designed for both everyday traders and advanced traders, the Onyx Terminal is built to make on-chain trading more intuitive, faster and full of utility.

In addition to the core features already available, we’re providing out a set of advanced features and functionality to add a boost your trading:

* Boosted leverage (eg. 100x leverage on BTC)\
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  Support for perpetual markets with boosted leverage on select pairs up to 100x on core perpetuals and up to 50x on select HIP-3 pairs.
* Multiple order types\
  \
  Choose from a range of order types Onyx provides including stop market, stop limit, TWAP, and scale orders to execute trades with precision and flexibility.

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### Access Diverse Markets, Powered by Hyperliquid Liquidity

Onyx utilizes Hyperliquid's orderbooks to allow access to 100+ assets and expanding. This includes major tokens and HIP-3 pairs along with popular and up-and-coming altcoins.

Additionally, Hyperliquid’s decentralized and permissionless asset listing system enables Onyx to list new assets without relying on centralized approval or gatekeeping.

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### Leverage Mechanics

Leverage and risk management on Onyx can be structured into two distinct components:

* For leverage extending from 1x to 40x, Onyx's trading engine uses the same leverage mechanics framework as Hyperliquid.
* Onyx also provides support for boosted leverage where traders have access to upto 100x leverage on select perpetual markets and upto 50x leverage on HIP-3 markets.\
  \
  Read more about [<mark style="color:green;">Boosted leverage</mark>](/docs/boosted-framework/boosted-leverage.md)

### Margin Mechanics

* Initial Margin: The margin required initially to open a position is `position_size * mark_price / leverage`. The initial margin is used by the position and cannot be withdrawn for cross margin positions. \
  \
  Isolated positions support adding and removing margin after opening the position.
* Maintenance Margin: The maintenance margin is currently set to 50% of the initial margin at max leverage for cross positions.\
  \
  For isolated positions, maintenance margin is calculated using the same logic, with the computation based solely on the isolated margin allocated and the notional value of that specific position.

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