In Bitunix futures trading, there are two types of position modes: one-way mode and hedge mode. The traditional one-way mode only allows the user to hold a position in one direction in a trading pair. For example, in the BTC/USDT perpetual contract, if you add a short order when you already have a long position, the number of long positions will be reduced when the short order is filled.
With hedge mode, users can now hold positions in opposite directions in the same pair at the same time. For example, in the BTC/USDT perpetual contract, if you already hold a long position in BTC, and then adds a short order, you will now hold a short and long position. The original long position will not be directly affected. Long and short positions will achieve the effect of risk hedging.
Please note, if the user is already holding a position or open order, the position mode can not be changed untill the positions are closed or orders are cancelled.
How to Use Hedge Mode on Bitunix Website
- Open and login to Bitunix.com, click Futures on top to enter the Futures Trading page, click the gear icon in the upper right to open settings.
- Find the Position mode in the menu, click to switch to Hedge mode or One-Way mode.
- After successful switching, users only need to complete the position opening operation by placing orders in different directions to hold both long and short positions in the same currency pair.
- In addition, in the hedge mode, the K-line chart will show the corresponding TP/SL lines for different positions at the same time and correlate them with the same color. As shown in the chart below, for a long position, the TP/SL is shown as a green line and associated with a line of the same color. For a short position, the TP/SL is displayed and associated with a red line. This feature is currently only available on Bitunix.
How to Use Hedge Mode on Bitunix App
- On the Futures Trading page, click More Options at the top right and select Contract Settings from the menu.
- Find Position Mode and click on it to switch between one-way mode and hedge mode.
- After switching, users can hold both long and short positions in opposite directions in the same pair. The risks of the two positions will be opposite to each other.
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Regards,
Bitunix Team
July 11 2024
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