What is Multi Mode?
Multi-Position Mode is a position management mode in Pionex Futures trading. Unlike Cross or Isolated mode, each order in Multi-Position Mode is treated as a completely independent position with its own entry price, margin, unrealized PnL, liquidation conditions, and separate take-profit and stop-loss settings. Orders will not be automatically merged with each other.
Key Features of Multi Mode
1. Uses Primary Account Funds as Margin
The margin for Multi-Position Mode is deducted directly from your Primary Account and managed separately from your Futures Account funds. After a position is closed, the funds will automatically return to your Primary Account without requiring any manual transfer.
2. Each Order Is an Independent Position
In Multi Mode, every order exists as an independent position. You can even open both long and short positions on the same trading pair simultaneously. For example, you may create three BTC long orders at different entry prices. These orders will not be merged into a single average-price position. Even if one order reaches take-profit and closes, it will not affect the other running orders.
3. Independent TP/SL for Each Order
Each order can have its own independent Take Profit (TP) and Stop Loss (SL) settings.Unlike Cross or Isolated modes, where TP/SL can only be set for the overall position, Multi Mode allows you to configure different TP/SL levels for each individual order.
How to Start Using Multi Mode
Before opening a position, please ensure that your Primary Account has sufficient USDT balance, as Multi-Position Mode uses Primary Account funds instead of Futures Account funds.
APP
Open the Pionex App and enter the “Futures Trading” page
Select “Multi” under Trading Mode
Choose a trading pair (e.g. BTC/USDT)
Set leverage, entry price, quantity, and TP/SL settings
Tap “Open Position” to create your first independent Multi-Position order
WEB
Visit the Pionex website and enter the “Futures Trading” page
Select “Multi” under Trading Mode
Choose a trading pair (e.g. BTC/USDT)
Set leverage, entry price, quantity, and TP/SL settings
Click “Open Position” to create your first independent Multi-Position order
FAQ
Q1: Can I switch freely between Multi and Cross/Isolated modes? Will switching affect existing positions?
Yes. You can switch trading modes to Cross/Isolated at any time. Switching modes will not affect existing positions. The new setting will only apply to newly opened orders after the switch.
Q2: If one Multi-Position order gets liquidated, will it affect other running positions?
No. Each position operates independently with separate margin and liquidation conditions. Even if one position is liquidated, other running positions will not be affected.
Q3: How can I withdraw the USDT used in Multi-Position Mode?
After closing the position, the funds will automatically return to your Primary Account, and you can directly proceed with withdrawals.
Unlike Cross or Isolated mode, there is no need to manually transfer funds back from the Futures Account.
Q4: Why were my multiple orders under the same trading pair merged together?
You are likely using Cross or Isolated mode. Under these modes, orders in the same direction for the same trading pair will automatically merge into an average position.
If you want each order to remain independent, please switch the trading mode to “Multi” before opening positions.
Q5: Why do I have assets in my Futures Account but still see insufficient funds when opening positions?
Multi-Position Mode uses funds from the Primary Account instead of the Futures Account.
Please ensure your Primary Account has sufficient USDT balance. If your funds are currently in the Futures Account, you will need to transfer them to your Primary Account first.
Q6: Can I open multiple long and short positions simultaneously under the same trading pair in Multi-Position Mode?
Yes. Long and short positions are treated as independent positions and will not affect each other, allowing you to trade flexibly based on market conditions.