How to Open/Reduce/Close a Contract Position in Gate.io

How to Open a Position

Instructions for Gate.io contract position opening (web version)

*Note:
One-way/ Two-way positions are the same. (All following examples are USDT settlement contracts of BTC_USDT trading, the webpage screenshot below is an analog contract.)

There are two ways of placing an order:
You can select from Limit Price or Market Price.
Placing a long-position order to buy in when the market price is predicted to rise; placing a short-position to sell when the market price is predicted to fall.

1.Limit Price

Operation Method:
①Click to select Cross/Isolated Mode and the Leverage
②Input the price or select the price from the left-side
③Input the amount of opening a position
④Select Buy or Sell
⑤Make sure all information is correct and click confirm to place the order.

If the order is not filled immediately or fully filled, you can check under the Current Order list, or you can also withdraw the order to cancel it:

After an order is filled, you can check under the Position list. The margin can be adjusted under the Isolated Position Mode ( All balances in the traders contract account will be used as the margin under the Cross Position Mode ).

*Note: The liquidation price will be recalculated after adjusting the margin. Please be aware of the risk of forced liquidation.

2.Market Price

Operation Method:
①Click to select Cross/Isolated Mode and the Leverage
②Input the amount of opening a position
③Select Buy or Sell
④Make sure all information is correct and click confirm to place the order.

*Note: The order will be taken directly if choosing the market price. The order will be filled immediately without placing an order.


Instructions for Gate.io contract position opening (app version)

*Note:One-way/ Two-way positions are the same.

(All following examples are USDT settlement contract of BTC_USDT trading, the webpage screenshot is an analog contract.)

1.Limit Price

Operation Method:
①Click to select Cross/Isolated Mode and the Leverage
②Input the price or select the price from the right-side
③Input the amount of opening a position
④Select Buy or Sell
⑤Make sure all information is correct and click confirm to place the order.

If the order is not filled immediately or fully filled, you can check under the Current Order list, or you can also withdraw the order to cancel it:

After an order is filled, you can check under the Position list. The margin can be adjusted under the Isolated Position Mode ( All balances will be used as the margin under the Cross Position Mode ).

*Note:The liquidation price will be recalculated after adjusting the margin. Please be aware of the risk of forced liquidation.

2.Market Price


Operation Method:
①Click to select Cross/Isolated Mode and the Leverage
②Input the amount of opening a position
③Select Buy or Sell
④Make sure all information is correct and click confirm to place the order.

*Note:The order will be taken directly if choosing the market price. The order will be filled immediately without placing an order.

How to Reduce/Close a Position【PC】

(All following examples are USDT settlement contracts of BTC_USDT trading, the webpage screenshot below is an analog contract.)

1 How to reduce a position

Under the One-way position mode:

1.Under the same trading pair, you can reduce a position by creating a new position opposite the current position. When the order is filled:

1)The amount of inverse contract position is lower than the current position, that is reduce position, you can review the PNL of reducing a position in the billing statement.

2)When the position amount of inverse contract and current contract are the same, that is close position, of which the details may not be viewable in the closing position history.

3)When the position amount of the inverse contract exceeds the current position, the user will be holding positions opposite to the current contract.

2.To reduce directly in the position:

On the right side of the Position list, input the number you want to reduce in Price.
Click Amount, and input the amount( You can choose from 25%, 50%, and 75% or input a specific number ).
Click Limit to enter the confirm page.
The process will be completed after the order is filled.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete reducing the position.

Under the Two-way position mode:

Under the two-way position mode, users can reduce a position on the position-opening page. The specific operation is the same as that under the one-way mode: If you click Close Position on the position-opening page, you can simply input the price and amount.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete reducing the position.

2 How to close a position

Under the One-way position mode: You can close a position at the limit price or market price.

1.Limit

On the right side of the Position list, input the number you want to close in Price.
Click Amount, and input the amount.
Click Cross or input the amount directly.
Click Limit to enter the confirm page.
The process will be completed after the order is filled.

The order will be displayed in Reduce-Only if its not filled immediately.
You can look up the order details.
It will be marked as Reduce-Only.
You can cancel the order by clicking Withdraw.

2.Market:

The specific operation is the same as that under the limit price. The position can be closed without inputting any price. ( The depth of the market is ever-changing so that the predicted price is for reference only. Due to the potential bises, please pay attention when operating a position-closing. )

Under the Two-way position mode:

Under the two-way position mode, users can close a position on the position-opening page. The specific operation is the same as that under the one-way mode: If you click Close Position on the position-opening page, you can simply input the price and amount.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete closing the position.

Note:
Since there are only long and short positions instead of inverse positions under the two-way position mode, so there is not a selection of Reduce-Only.

Correspondingly, the original direction of go long and go short become open long, close-range, open short, and close short. So that users need to pay attention to choose an inverse position to reduce or close.

For example, choose to sell long to close a long position, and buy short to close a short position, and not open any position in the opposite direction.

When the amount of position you want to reduce exceeds the current position amount, only orders of the current position size can be filled successfully. If users want to open opposite positions after closing a position, an inverse position needs to be opened separately.

How to Reduce/Close a Position【APP】

(All following examples are USDT settlement contracts of BTC_USDT trading, the webpage screenshot below is an analog contract.)

1 How to reduce a position

Under the One-way position mode:

1.Under the same trading pair, you can reduce a position by creating a new position opposite the current position. When the order is filled:

1） The amount of inverse contract position is lower than the current position, that is reduce position, you can review the PNL of reducing a position in the billing statement.

2） When the position amount of inverse contract and current contract are the same, that is close position, of which the details may not be viewable in the closing position history.

3）When the position amount of the inverse contract exceeds the current position, the user will be holding positions opposite to the current contract.

2.To reduce directly in the position:

On the right side of the Position list, input the number you want to reduce in Price
Click Amount, and input the amount( You can choose from 25%, 50%, and 75% or input a specific number )
Click Limit to enter the confirm page
The process will be completed after the order is filled.


Theres no need to input a price if selecting Market Price. You just need to select the amount to complete reducing the position.

Under the Two-way position mode:

Under the two-way position mode, users can reduce a position on the position-opening page. The specific operation is the same as that under the one-way mode: If you click Close Position on the position-opening page, you can simply input the price and amount.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete reducing the position.

2 How to close a position

Under the One-way position mode: You can close a position at the limit price or market price.

1.Limit Price:

On the right side of the Position list, input the number you want to close in Price
Click Amount, and input the amount
Click Cross or input the amount directly
Click Limit to enter the confirm page
The process will be completed after the order is filled.


The order will be displayed in Reduce-Only if its not filled immediately. You can look up the order details It will be marked as Reduce-Only You can cancel the order by clicking Withdraw

2.Market Price:

The specific operation is the same as that under the limit price. The position can be closed without inputting any price. ( The depth of the market is ever-changing so that the predicted price is for reference only. Due to the potential bises, please pay attention when operating a position-closing. )

Under the Two-way position mode:

Under the two-way position mode, users can close a position on the position-opening page. The specific operation is the same as that under the one-way mode: If you click Close Position on the position-opening page, you can simply input the price and amount.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete closing the position.

Note:
Since there are only long and short positions instead of inverse positions under the two-way position mode, so there is not a selection of Reduce-Only.

Correspondingly, the original direction of go long and go short become open long, close-range, open short, and close short. So that users need to pay attention to choose an inverse position to reduce or close. For example, choose to sell long to close a long position, and buy short to close a short position, and not open any position in the opposite direction.

When the amount of position you want to reduce exceeds the current position amount, only orders of the current position size can be filled successfully.

If users want to open opposite positions after closing a position, an inverse position needs to be opened separately.

Adjust Margin on Position

On the condition that the current balance in the users account is sufficient to support the position, the user can adjust the amount of the margin according to their preference, including both increasing and reducing.

Users can tap the Margin Amount on the position page and tap in the amount to adjust the margin as shown in the following screenshot:


The leverage used for opening the position and the leverage in the order zone will not be affected when the margin is added to the position, but the leverage of the actual position and close price will change accordingly to the margin. If the margin reduces, the actual leverage multiplier will go up and the gap between the liquidation price and mark price will be smaller, that the user may face a higher risk. Conversely, If the margin rises, the actual leverage multiplier will go down and the gap between the liquidation price and the mark price will be bigger, that the user may face a lower risk.

Users can remove the margin at most when the leverage is not yet adjusted.

When making profits, users can remove all margins. When losing, the removable margin = margin transferred in - unrealized PNL ( If the position has been adjusted, users will also have to take the fee for position adjustment and etc. )

*Note:
1） Users need to pay attention to the changes in liquidation price while adjusting the margin and to prevent a forced liquidation.

2） If a user changes the leverage after adjusting the margin, then the adjusted margin will invalidate, and will have to recalculate the margin according to the current leverage.

3） Users need to make sure the leverage margin is sufficient before reducing the margin, or they can also reduce the margin by increasing the leverage. In the meantime, users will also have to make sure the margin is sufficient before reducing the leverage, or else it can be adjusted.

4） Adjust the margin before adding positions. The margin will be shared and wont invalidate. If reducing positions, then the margin will be reduced according to the proportion of ADL.

5）Margin adjustments in cross margin mode are made in the positions. In isolated margin mode, users can transfer funds directly to the contract account.