1. What Is a Position?
When you trade Futures, you do not buy or sell the actual crypto asset. Instead, you open a position that tracks the price movement of that asset.
A position represents:
Your market direction (up or down)
The size of your exposure
The margin you’ve committed
Once a position is open, your profit or loss (PnL) changes in real time as the price moves.
2. Long vs Short Positions (Detailed)
Long Position
You open a Long position when you believe the asset price will increase.
Profit if the price goes up
Loss if the price goes down
Example (Long):
BTC price: $50,000
You open a Long position
BTC rises to $52,000 → You make a profit
BTC falls to $48,000 → You incur a loss
Long positions are commonly used when markets are trending upward.
Short Position
You open a Short position when you believe the asset price will decrease.
Profit if the price goes down
Loss if the price goes up
Example (Short):
BTC price: $50,000
You open a Short position
BTC falls to $48,000 → You make a profit
BTC rises to $52,000 → You incur a loss
Short positions allow you to profit even in falling markets.
3. Order Size, Margin & Margin Modes
Order Size
Order size is the total value of the position you are opening.
Example:
Margin: $100
Leverage: 10×
Order size: $1,000
Larger order sizes amplify both profits and losses.
Margin
Margin is the collateral you lock to open and maintain a position.
It acts as a safety buffer against losses. If losses approach your margin amount, your position risks liquidation.
Margin Modes
Isolated Margin
Margin is assigned to a single position only
Losses are limited to the margin allocated
Other positions are not affected
Cross Margin
All available Futures balance is shared across positions
Profits from one position can offset losses in another
Higher risk of losing more funds if multiple positions move against you
4. Setting Take Profit (TP) & Stop Loss (SL)
You can set automatic triggers to lock in profits or stop losses so you don't have to watch the screen 24/7.
Take Profit (TP): Closes the trade automatically when you hit your profit target.
Stop Loss (SL): Closes the trade automatically to prevent further losses.
Setup Example:
Long Position: TP is set above your entry price; SL is set below it.
Short Position: TP is set below your entry price; SL is set above it.
TP/SL Configuration Options
Configure Amount
Defines how much of the position is closed when TP/SL triggers
Can be full or partial
Limit Price
Sets the execution price for limit-based TP/SL orders
Provides price control but may not execute in fast markets
5. How to Set TP/SL
You can set these at two different stages:
1. During Order Placement:
Check the "TP/SL" box in the order form.
Enter the specific trigger prices or enter percentage gain/loss
You can change TP/SL anytime, even once your position is open.
2. On an Open Position:
Go to the Positions tab.
Click "Add TP/SL" or the pencil icon.
Enter the amount of the position you want to close (or you can set a TP for 50% of your position and let the rest ride).
6. Closing a Position
Closing a position means exiting an existing Futures trade and realizing profit or loss. You can close a position fully or partially at any time.
Step-by-Step: How to Close a Position
Go to Your Positions in the Futures section
Select the position you want to close
You will have 3 different options to close, depending how you want to exit:
Close: This is the standard closing method. Users can choose whether to close the position using a market order or a limit order.
Choose the Order Type:Market: Closes immediately at the best available price
Limit: Closes at a specific price or better
Select how much of the position you want to close:
i) Full: Closes the entire position
ii) Partial: Closes only a portion of the position
b. Flash Close: Flash Close immediately closes 100% of the open position at the current market price.
c. Reverse: Reverse closes the current position and opens a new position in the opposite direction in a single action. For example, a long position is closed and replaced with a short position.