Trading

A position gives you leveraged exposure to a market's price. Use these pages to understand what you hold, what it costs, and what can close it.

Page	Use it to
Positions	Understand increases, partial closes, margin changes, and the decrease lock.
Orders	Choose triggers, price bounds, expiry, and exits.
Margin and leverage	Understand the collateral needed to open or change a position.
Fees	Compare charges and refunds.
Funding rate	Understand payments between longs and shorts.
Borrowing interest	Understand the ongoing cost of reserved liquidity.
Profit and payouts	Understand the mark, realized profit, and the profit cap.
Claimable credit	Collect earned funding or a parked payout.
Liquidation	Understand a forced close when equity runs low.
Auto-deleveraging	Understand a forced reduction when a side's profit grows too large.