In cryptocurrency contract trading, closing a position is a key step to end a specific holding, whether you are going long (bullish) or short (bearish). This article introduces two methods for closing positions to help you complete your trades smoothly.
Method 1: Close Position via the Position Section
Market Close:
On the Current Positions page, click Close Position.
Select Market, set the Quantity you want to close, and the system will close the position at the current market price.
Click Close Position, and the system will immediately close the position at the best available market price. Once completed, the position is closed.
Limit Close:
On the Current Positions page, click Close Position.
Switch to Limit, set the Price and Quantity you want to close.
Click Close Position to submit a limit order and wait for the order to be filled at the set price. Once filled, the position is closed.
Method 2: Using the One-Click Close or Take Profit/Stop Loss Features
In the contract trading interface, you can quickly and automatically close positions using either the One-Click Close or Take Profit/Stop Loss methods.
1. One-Click Close (Immediate Market Close of All Positions)
This is suitable for situations where you want to immediately close all your perpetual contract positions.
Steps:
① In the positions list area at the bottom of the contract trading page, find and click the One-Click Close button on the right.
② A confirmation window will pop up asking, "Are you sure you want to market close all perpetual contract positions?" Click Confirm to proceed.
③ The system will automatically close all your current perpetual contract positions at the best available market price.
Note: One-Click Close is a market order, so the actual execution price will fluctuate with market conditions. Please pay attention to the current price before confirming.
2. Take Profit/Stop Loss (Automatic Close at Trigger Price)
This is suitable for scenarios where you want to set the price in advance and have the system automatically trigger the close, without needing to monitor the market constantly.
Steps:
① In the positions list, find the corresponding position and click + Add under Take Profit/Stop Loss.
② In the popup setting window:
- Select the Trigger Price Type (Mark Price / Last Price);
- Enter the Trigger Price, and the system will automatically estimate the expected profit or loss;
- Choose the Order Price type (Market Order / Limit Order) and enter the quantity.
③ After confirming the information is correct, click Confirm to activate the order. When the market price reaches the trigger price, the system will automatically close the position according to the set conditions.
Attention:
- After a "Market Take Profit/Stop Loss" is triggered, the order will execute at market price, which means the execution price is uncertain;
- The take profit/stop loss amount can be positive or negative; positive indicates a profitable position, negative indicates a loss;
- Limit Take Profit/Stop Loss may not execute due to market fluctuations.
For more details, please refer to "How to Use Contract Take Profit and Stop Loss".
Disclaimer and Risk Warning
All trading tutorials provided by PerpVia are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for reference only and may not reflect actual market conditions. Cryptocurrency trading involves significant risk, including the potential loss of funds. Past performance does not guarantee future results. Please conduct thorough research and understand the risks involved. PerpVia is not responsible for any trading decisions made by users.