How to add/reduce a leverage position?
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Last updated
Last updated
Adding up or reducing an xPOSITION is as easy as creating or closing one.
You can create as many xPOSITION as you want; they will all be aggregated into a single global one.
For example, suppose you create a first xPOSITION with a 2x leverage worth $10,000 and a second xPOSITION with a 4x leverage worth $10,000. In that case, you will end up with a $20,000 xPOSITION with a 3x leverage (assuming you opened them simultaneously with the same execution price). Now, let’s see how to do that practically.
If not already, hit the “Buy / Open” tab.
Connect your wallet using the upper right “Connect Wallet” button.
Set the requested leverage using the slider bar and wait for the preview to load.
Hit the Preview button to review your trade.
Review your trade and the evolution of your xPOSITION, then click the “Submit Transaction” button when ready.
Confirm the transaction using your wallet.
Connect your wallet using the upper right “Connect Wallet” button.
Click on the “Sell / Close” tab of the order box.
Slide the bar to the desired amount / Type the amount or the percentage in the text box you would like to close.
Hit the Preview button to review your trade.
Review your trade and the evolution of your xPOSITION, then click the “Submit Transaction” button when ready.
Confirm the transaction using your wallet.
Head over to the page.
Input the amount you would like to leverage. The default asset is USDC; you can pledge other assets by clicking the down arrow.
Head over to the page.
