Status by feature
Status as of October 2026.
| Spot longs (buying the coin)Wherever Sparkling works | Available |
|---|---|
| Perp longsSubject to derivatives rules | Selected regions |
| Perp longs in the US, UK, EU, NorwayUse spot instead | Unavailable |
Long crypto
Go long on crypto with Sparkling, on spot or with perps
Going long is the oldest idea in markets: you expect the price to rise, so you hold the asset. In crypto it can mean two different things, owning the coin or holding a contract on its price, and Sparkling lets you do either from the same chat.
Two ways to go long
| Spot long | Perp long | |
|---|---|---|
| What you hold | The coin itself | A contract on its price |
| Leverage | None | Optional |
| Can be liquidated | No | Yes, at the liquidation price |
| Ongoing cost | None after purchase | Funding while open |
| Example request | “Buy 100 dollars of SOL” | “Long SOL with 100 USDC margin” |
A long perp is one of the instruments described on our page about perpetual futures.
How profit and loss work on a long
A third, short-term option is an Up binary option on Lighter for BTC or ETH: you pay for the shares in full, and each winning share pays 1 USDC when the 15-minute window closes higher, with no liquidation along the way.
On a spot long, your result is simply the price change times the coins you hold. On a perp long, it is the price change times the position size, so with leverage the same move has a bigger effect on your margin, and funding is added or subtracted while the position is open.
How to go long in Sparkling
A minute or two once your balance is funded.
- ≈ 2 min
- 4 steps
- Telegram or web
-
Choose the type
Spot if you want to own the coin; perp if you want leverage or plan to exit soon.
30 sec
-
Describe the position
For example “buy 50 dollars of BTC” or “long BTC with 50 USDC, small size”.
30 sec
-
Check the card
For a perp, read the entry, size and liquidation price.
Tip: Lower leverage keeps liquidation further away.
30 sec
-
Confirm and manage
Ask “show my PnL” any time, or “close my BTC long”.
30 sec
When a long position is closed
- You close it yourself, fully or partly.
- A take-profit or stop-loss level you set is reached.
- For perps, the mark price reaches the liquidation price.
The opposite trade, profiting from a fall, is explained on our page about how to short crypto.
Where long positions are available
Spot longs are open wherever Sparkling works; perp longs follow regional derivatives rules.
Risks of going long
A spot long can lose most of its value in a crash; a leveraged long can be liquidated much sooner. Only risk money you can afford to lose. In Sparkling app every position is opened only by your signature; this is not investment advice.
Long position questions
What is a long position in crypto?
Holding a coin or a contract so that you profit if the price rises.
Is buying crypto the same as going long?
Yes, a spot purchase is a long without leverage.
Can a spot long be liquidated?
No. Only leveraged positions have a liquidation price.
How do I check my long's result?
Ask the agent “show my PnL” or open the positions screen.
What is the funding cost on a long?
When the perp trades above spot, longs pay funding to shorts, and vice versa.
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