Single-way and hedge mode explained in three sentences:
On Binance USDⓈ-M contracts, the position mode applies to all USDⓈ-M trading pairs, and cannot be changed while you have positions or open orders.
Hedge mode is often used when you want to hold positions in both directions at the same time—for example, holding a long position for the long term while opening a short position in the short term to hedge against a pullback.
In hedge mode, to close a long position, use “Close Long.” If you mistakenly use “Open Short,” you will open a separate short position, and your original long position will remain open.
$BTC 67183.47（-3.22%）
On Binance USDⓈ-M contracts, the position mode applies to all USDⓈ-M trading pairs, and cannot be changed while you have positions or open orders.
Hedge mode is often used when you want to hold positions in both directions at the same time—for example, holding a long position for the long term while opening a short position in the short term to hedge against a pullback.
In hedge mode, to close a long position, use “Close Long.” If you mistakenly use “Open Short,” you will open a separate short position, and your original long position will remain open.
$BTC 67183.47（-3.22%）
