Open & Close Positions
Tutorial - Illustrations may differ slightly in reality

Perpetual Futures

Once you added Margin to your account, you're ready to open your first position

Open a Position

Step 1: Choose if you wish to long or short your position on the “Buy/Sell” section in the bottom corner, set the notional amount in BTC you’d like to buy (Or you can directly enter the notional amount in USD, it will be converted to BTCs equivalent). Instead of the manual input or the given percentage buttons, there is also a slider to adjust the amount.
In this tutorial we'll open a Long (Buy position)
Step 2: Click “Buy/Long” (1). A transaction confirmation window appears which sums up all the transaction details. Once convinced, hit the “Buy/Long” button. Confirm your wallet request to open your position
Step3 : The hint “Transaction success” means you have successfully opened your transaction. Information of your open position(s), you have opened up, will be included in your “Positions” tab.
You can open multiple positions in the same pool, but note that the margin requirement is calculated at the account level . Read more in theMargin Requirement article

Close a Position

You can close your position completely or partially.

Completely:

Step 1: if you seek to close a specific position completely, you can click “Close” in the position tab ,which results in a complete close of your position. Once you hit the close button, you need once again to “Confirm” the closure request on your wallet. The hint “Close position success” means you have successfully closed your position
Step 2: You can view your detailed trading history in the “History” section. Referring to the picture below, the information of two transactions we did, i.e buying BTCUSD & selling BTCUSD are recorded in ‘’History“ section now.
On the Account Panel info located at the top left corner, you can see your available, added Margin

Partially:

You can also partially close a position.
Step 1: To do this, you simply need to partially trade your position in the opposite direction. If you opened your position using the "Buy" tab for example, switch to the "Sell" tab to short it partially.
Step 2: Make sure that the Close Only button is ticked (2). Use the slider & the predefined percentage buttons (1) to choose the amount percentage you wish to close. Hit the button below to partially close your position
Step 3: Once you hit the button below, you need once again to “Confirm” the closure request on your wallet. The hint “Close position success” means you have successfully partially closed your position.
A partial close lowers your margin usage and increases your available margin

Everlasting Options

Once you added Margin to your account, you're ready to open your position.

Open a Position

Step 1: Choose if you wish to long or short your position on the “Buy/Sell” section in the bottom corner, set the notional amount in BTC you’d like to buy/sell (Or you can directly enter the notional amount in USD, it will be converted to BTCs equivalent). Instead of the manual input or the given percentage buttons, there is also a slider to adjust the amount.
In this tutorial we'll open a Long (Buy position)
Once done, hit the “Buy / LONG” button.
Step2:A transaction confirmation window appears which sums up all the transaction details. Once convinced, hit the “Buy/Long” button. Confirm your wallet request to open your position
Step 3: The hint “Transaction success” means you have successfully opened your transaction. Information of your open position(s), you have opened up, will be included in your “Positions” tab.

Close a Position

Completely:

Step 1: If you seek to completely close a specific position, you can click “Close” in the position tab ,which results in a complete close of your position. Once you hit the close button, you need once again to “Confirm” the closure request on your wallet. The hint “Close position success” means you have successfully closed your position
Step 2: You can view your detailed trading history in the “History” section. Referring to the picture below, the information of two transactions we did, i.e buyingBTCUSDT-50000-C & BTCUSDT-50000-C are recorded in ‘’History“ section now.

Partially:

You can also partially close a position.
Step 1: To do this, you simply need to partially trade your position in the opposite direction. If you opened your position using the "Buy" tab for example, switch to the "Sell" tab to short it partially.
Step 2: Make sure that the Close Only button is ticked (2). Use the slider & the predefined percentage buttons (1) to choose the amount percentage you wish to close. Hit the button below to partially close your position
Step 3: Once you hit the button below, you need once again to “Confirm” the closure request on your wallet. The hint “Close position success” means you have successfully partially closed your position.
A partial close lowers your margin usage and increases your available margin

Is trading on Deri Protocol risk-free?

Trading Margins & Contracts on Deri Protocol includes but is not limited to - a high level of risk, and may not be suitable for all kinds of investors. The enormous degree of leverage can work in favor of you as well as against you. Before making the decision to invest using Deri Protocol, you should carefully consider your level of experience, investment objectives and risk appetite. There is a possibility that you may lose part of your investment or all of your initial investment. You should be aware of all the risks associated with trading contracts and margin. Deri Protocol will not be responsible for any losses, damages or claims arising from events falling within the scope of the events mentioned above. We urgently advise you not to invest money that you cannot afford to lose and we also recommend you to seek advice from an independent financial adviser, If you have any questions or doubts!
Last modified 17d ago