Positions
Last updated
Last updated
You can add margin to a position to decrease its leverage and push away its liquidation price. When adding margin, your position's leverage cannot drop below 1.
Example
You have a 10 ETH sized position at 10× leverage. Your margin is 1 ETH. You add 1 ETH in margin. Your position now has 10 ETH in size with 2 ETH in margin. Its leverage was decreased to is 5×.
Example
You have a 10,000 USDC sized position at 5× leverage. Your margin is 2,000 USDC. The position's P/L is -500 USDC. To cover the negative P/L, the remaining margin must be at least 500 USDC + 10% = 550 USDC. You can therefore remove a maximum of 2000 - 550 = 1450 USDC.
To close a position, simply submit an order in the opposite direction. To ensure the order does not result in the creation of a new position, you can select Reduce-Only. The trading interface provides a handy way to close a position (e.g. submit a market reduce-only order in the opposite direction) by clicking on the X next to your position in the Positions panel. This will bring up a modal where you can select you much of the position you want to close.[image]Once your order is submitted, it will be picked up by the DON and executed like a regular market order against your position, reducing its size and sending the executed margin plus profits or losses directly to your wallet.
To close (or partially close) a position when it reaches a certain amount of profit, submit a reduce-only limit order in the opposite direction.
Example
You have a 10 ETH sized long position entered at a market price of $1000.To add a take-profit, you submit one or more limit, reduce-only sell orders. You can choose the size and price of these orders to close your position partially or at different prices.
To close (or partially close) a position when it reaches a certain amount of loss, submit a reduce-only stop order in the opposite direction.
Example
You have a 10 ETH sized short position entered at a market price of $100.To add a stop loss, you submit one or more stop, reduce-only buy orders. You can choose the size and price of these orders to close your position partially or at different prices.
