How to Open or Close a Position?

Open a position

Note: One-way / Hedge mode are in the same way.

You can choose “Limit” or “Market” when placing a contract order. When the market price is predicted to rise, place an order to buy a long position, otherwise, place an order to sell a short position.

Web

Limit Order

Steps:

1. Click to select cross/isolated margin mode and set a suitable leverage.
2. Input the order price manually or click the price in the “Orderbook” on the left to fill it directly.
3. Input the order amount.
4. Select “OPEN LONG” or “OPEN SHORT”.
5. Click the “Confirm” to place an order after confirming the information is correct.

If the order is not filled immediately or is not fully filled, you can view it in “Open Orders“.Click Revoke if you want to modify the order price and quantity.

After the entrustment is completed, it can be viewed in the "Positions" list, and the margin can also be adjusted in the position in the isolated position mode (for full positions, all balances in the user's contract account will be used as margin by default).

*Note: The liquidation price will be recalculated after the margin adjustment. Please pay attention to the liquidation risk.

Market Order

Steps:

1. Click to select cross/isolated margin mode and set a suitable leverage.
2. Input the order amount.
3. Select “OPEN LONG” or “OPEN SHORT”.
4. Click the “Confirm” to place an order after confirming the information is correct.

Note: The market order will be filled immediately at the market price, not pending.

APP

Limit Order

Steps:

① Click to select cross margin/isolated margin mode and leverage multiple;

② Manually enter the price, or click on the price in the "Order List" on the left to fill it in directly;

③ Enter the quantity you want to open;

④ Select “open (long)” or “open (short)”;

⑤ After confirming that the information is correct, click the "Confirm" button to place the order successfully.

If the order is not filled immediately or not all of the orders are filled, you can view it under the "Current Orders" list. If you need to cancel the order, click Cancel to cancel the order.

After the entrustment is completed, it can be viewed in the "Positions" list, and the margin can also be adjusted in the position in the isolated position mode (for full positions, all balances in the user's contract account will be used as margin by default).

*Note: The liquidation price will be recalculated after the margin adjustment. Please pay attention to the liquidation risk.

Market Order

Steps:

① Click to select cross margin/isolated margin mode and leverage multiple;

② Enter the quantity you want to open;

③ Select “open (long)” or “open (short)”;

④ After confirming that the information is correct, click the "Confirm" button to place the order successfully.

*Note: Selecting the market price will take the order directly in the market, and the transaction will be completed immediately, and no order will be placed.

Close position

Web

Select Close/Flash Close on the right side of the "Positions" list. If you choose "Close Position", you need to enter the price and quantity; if you choose "Flash Close", you can quickly close the position without entering the price.

Note: The market depth changes in real time. The estimated results are for reference only and may have large deviations. Please be cautious when closing positions at market prices.

App

Click to select Close/Flash Close. If you choose "Close Position", you need to enter the price and quantity, and you can choose market price/limit price to close the position; if you choose "Flash Close", you can quickly close the position without entering the price.

Note: The market depth changes in real time. The estimated results are for reference only and may have large deviations. Please be cautious when closing positions at market prices.