Closing a Position

How to close a perpetual position fully or partially on Yellow.pro, and what happens to your margin and realized PnL.

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.

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

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.

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.

Related Articles

• Adjusting Margin & Leverage

• Understanding PnL