#Managing Positions

Once you have an open position, you can adjust and monitor it in various ways.

#Position Dashboard

Your open positions show:

#Position Health Indicators

#Adding Margin

If your position is at risk, you can add margin to reduce leverage and move your liquidation price further away.

#Steps:

1. Click on your position
2. Select "Add Margin"
3. Enter the amount to add
4. Confirm the transaction

#Effect:

• Leverage decreases
• Liquidation price moves further away
• Margin health improves

#Example:

Before:
  Collateral: $500, Leverage: 10x, Liq Price: $90,000

After adding $500:
  Collateral: $1,000, Leverage: 5x, Liq Price: $80,000

#Removing Margin

If you have excess margin and want to free up collateral:

#Steps:

1. Click on your position
2. Select "Remove Margin"
3. Enter the amount to remove
4. Confirm the transaction

#Restrictions:

• Cannot remove if it would exceed max leverage
• Cannot remove if it would make position liquidatable
• Must maintain minimum margin requirements

#Increasing Position Size

To add to an existing position:

1. Open the trade panel for that market
2. Enter additional size
3. Optionally add more collateral
4. Submit the order

The new entry price will be the average of your old and new entry.

#Example:

Original: 0.1 BTC at $100,000
Adding: 0.1 BTC at $105,000
Result: 0.2 BTC at $102,500 average

#Reducing Position Size

To partially close a position:

1. Open the trade panel
2. Enter a smaller size than your current position
3. Submit the order

#Example:

Current: 0.2 BTC long
Action: Set size to 0.1 BTC
Result: Close half, realize PnL on closed portion

#Flipping Direction

To switch from long to short (or vice versa):

1. Enter a size in the opposite direction larger than your current position
2. This will close your current position and open a new one in the opposite direction

#Example:

Current: 0.1 BTC long
Action: Enter 0.2 BTC short
Result: Close long, open 0.1 BTC short

#Setting Stop-Loss

Protect your downside by setting a stop-loss:

1. Click on your position
2. Select "Set Stop-Loss"
3. Enter the trigger price
4. Confirm

For longs: Stop-loss triggers when price falls below your target

For shorts: Stop-loss triggers when price rises above your target

#Example (Long Position):

Entry: $100,000
Stop-Loss: $95,000

If BTC falls to $95,000 → Position automatically closes
Maximum loss: 5% of position value

#Setting Take-Profit

Lock in profits by setting a take-profit:

1. Click on your position
2. Select "Set Take-Profit"
3. Enter the target price
4. Confirm

For longs: Take-profit triggers when price rises above your target

For shorts: Take-profit triggers when price falls below your target

#Example (Long Position):

Entry: $100,000
Take-Profit: $110,000

If BTC rises to $110,000 → Position automatically closes
Profit: 10% of position value

#Monitoring PnL

Your position PnL is calculated as:

#For Long Positions:

PnL = Size × (Current Price - Entry Price)

#For Short Positions:

PnL = Size × (Entry Price - Current Price)

#PnL Percentage:

PnL % = (PnL / Collateral) × 100

#Funding Payments

While your position is open, you'll pay or receive funding:

• Longs pay shorts when there are more longs than shorts
• Shorts pay longs when there are more shorts than longs
• Funding is applied continuously but settles periodically
• Maximum funding rate is capped at ±15% per year

Check the current funding rate on the market page.

#Multiple Positions

With Exolane's collateral account:

• You can have one position per market
• Collateral is shared across all positions
• Free collateral can be used for new positions
• Each position's margin is tracked separately

#Best Practices

1. Always use stop-losses — Limit your downside risk
2. Don't over-leverage — Start with lower leverage until you're comfortable
3. Monitor margin health — Keep positions in the "healthy" zone
4. Watch funding rates — Negative funding can drain your position over time
5. Have free collateral — Keep some buffer for margin calls

#Next Steps