How to close a Position

In cryptocurrency futures trading, closing a position is a key step to end a trade, whether you’ve gone long (bullish) or short (bearish). This article introduces three methods for closing a position to help you complete your trade quickly and easily.

Method 1: Closing a Position via the Order Zone

1. When opening a position, choose a Limit Order.
2. Set the Price and Quantity.
3. Click Sell or Buy (depending on your position direction) to submit the order.
4. Wait for the order to be filled. Once it’s filled, the position is closed.

Note:

• The order quantity must not exceed your current position size.
• If the order quantity exceeds your position size, once the order is filled, a new position in the opposite direction will be created (i.e., a long position will turn into a short position, and vice versa).

Method 2: Closing a Position via the Position Zone

Market Price Close:

1. On the Current Position page, click Close Position.
2. Select Market as the closing method, and the system will close the position at the current market price.
3. Click Confirm, and the system will immediately close the position at the best available market price. 

Limit Price Close:

1. On the Current Position page, click Close Position.
2. Switch to Limit, and set your desired Price and Quantity for closing the position.
3. Click Confirm to submit the limit order. Wait for the order to be filled at the set price. Once filled, the position will be closed.

Method 3: Using  Close all positions or Take Profit/Stop Loss Features

1. On the futures trading interface, use the Close all positions function or enable the Take Profit/Stop Loss feature.
2. The system will automatically execute a market close strategy. For more details, refer to How to set up stop-loss and take-profit.