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Closing a position locks in your Realized PnL and releases its margin back to your Available Balance. There are two ways to close: a one-click market close, or a controlled close through the order form.

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Quick Close (the ✕ button)

Clicking the ✕ next to a position in the Positions panel places an immediate market order to close the entire position — there are no order-type or amount options. It fills against the best available prices straight away; if there isn’t enough liquidity to match it, it fills partially and the remainder expires. It’s the fastest way out, with the least control — use it when you just need to exit. Closing a position with the ✕ button in the Positions panel

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Controlled Close (order form → Close tab)

For full control — including partial closes and specific exit prices — close through the order form instead of the ✕ button:
  1. Switch the order form to the Close tab.
  2. Choose the order type: Market, Limit, or Stop.
  3. Enter the amount to close — your full size, or less for a partial close.
  4. Confirm.
A Limit close lets you exit at a specific price or better (e.g. a take-profit level); a Stop close triggers at a price you set. A partial close leaves the rest of the position open at the original entry price, with margin adjusting proportionally. Resting limit or stop closes wait in Open Orders until they fill or you cancel them. Closing through the order form's Close tab
Example: you hold 2 ETH long and close 1 ETH → your position becomes 1 ETH long, and half the margin is released.
Take Profit / Stop Loss orders must currently be set manually — they are not automatically linked to a position.

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Reduce only Orders

A reduce-only order is a flag you can add to an order to guarantee it can only close an existing position — it can never open a new one or increase the size of the one you already hold. It’s a safety mechanism for exiting positions without any risk of accidentally flipping direction or adding exposure.
  • Position-aware validation — before a reduce-only order is accepted, the system checks that you have an open position in the correct direction with enough available size to reduce.
  • Clear error guidance — if you have no open position, or if the order side would increase rather than reduce it, you get a plain-language message explaining exactly what’s wrong.
  • One-Way aware — in One-Way Mode, a reduce-only order automatically resolves to the correct leg based on your net position direction.
When to use: you’re placing a take-profit or stop order and want to be certain it can only ever shrink your position — never open a fresh one if your position has already closed.
Reduce-only is especially useful with resting limit or stop orders: if your position is already closed by the time the order triggers, a reduce-only order simply does nothing instead of opening an unwanted new position.

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After Closing

  • Realized PnL is credited or debited from your balance (trading fees are deducted).
  • The position leaves the Positions panel and the closed trade appears in Trade History.
  • In cross margin, closing one position can affect the others — always check your remaining balance.
Tip: use the ✕ quick close (market) to exit fast — e.g. to avoid liquidation; use a Limit close in the Close tab when you have a target price and aren’t in a rush.