Cross Margin
Isolated Margin
Cross Margin
Please note that once ‘Close Position’, ‘Repay’, ‘Close All Positions’ or ‘Repay All Debt’ requests are submitted, you won’t be able to modify your positions until they are completed. There’s no guarantee in terms of the time needed to fully exit positions or sell the required amount of assets to fully repay debts due to varying market conditions and volatility. Larger market orders to sell assets using these functions may also experience greater price slippages and may result in losses.
What is ‘Close Position’ on Cross Margin?
The ‘Close Position’ function allows you to fully exit a single cryptocurrency position (with a position value between 10 USDT and 50,000 USDT) in your Cross Margin account. Any outstanding debt for that cryptocurrency will be repaid and any remaining assets will be converted into stablecoins at the current market price. Standard trading fees apply.
What is ‘Repay’ on Cross Margin?
The ‘Repay’ function allows you to fully repay any outstanding debt (with a value of less than or equal to 50,000 USDT) for a single cryptocurrency position. If the debt for a position exceeds the available assets for the same cryptocurrency, other assets in your Cross Margin account will be sold to repay the residual debt. You will be prompted to rank, in descending order, which assets to sell first via market orders to repay the residual debt.
What is ‘Close All Positions’ on Cross Margin?
The ‘Close All Positions’ function allows you to fully exit all Cross Margin positions. Any outstanding debt (with a value of less than or equal to 50,000 USDT) in your Cross Margin account will be repaid and any remaining assets will be converted into your selected stablecoin at the current market price. Standard trading fees apply.
What is ‘Repay All Debt’ on Cross Margin?
The ‘Repay All Debt’ function allows you to cancel all pending Cross Margin orders and fully repay any outstanding debt (with a total value of less than or equal to 50,000 USDT) across all positions in your Cross Margin account. When debts exceed asset amounts, other assets in your Cross Margin account will be sold to repay these debts.
How to use the Close Position and Repay functions on Cross Margin?
If you’re using the Binance website:
1. Log in to your Binance account and go to [Trade] - [Margin]. Click [Cross] to switch to Cross Margin mode.
2. Scroll down to the [Positions] tab. Click [Close Position] or [Repay] next to the position you’d like to adjust, or click [Close All Positions] or [Repay All Debt] to close or repay all positions.
If you’re using the Binance app:
1. Log in to your Binance app and tap [Trade] - [Margin]. Select [Cross] to switch to Cross Margin mode.
2. Scroll down to the [Positions] tab and tap [Close Position] or [Repay] for the position you’d like to adjust, or tap [Repay All] or [Close All] to repay or close all positions.
Please note that once ‘Close Position’, ‘Repay’, ‘Close All Positions’ or ‘Repay All Debt’ requests are submitted, you won’t be able to modify your positions until they are completed. There’s no guarantee in terms of the time needed to fully exit positions or sell the required amount of assets to fully repay debts due to varying market conditions and volatility. Larger market orders to sell assets using these functions may also experience greater price slippages and may result in losses.
What is ‘Close Position’ on Isolated Margin?
The ‘Close Position’ function allows you to fully exit an Isolated Margin position. You can choose which cryptocurrency of a trading pair to settle in, and the system will repay any outstanding debt (with a value of less than or equal to 50,000 USDT) for that trading pair and convert the remaining assets into the chosen cryptocurrency at current market price. After the position is closed, the remaining assets will be transferred to your Spot Wallet. Standard trading fees apply.
What is ‘Repay’ on Isolated Margin?
The ‘Repay’ function allows you to fully repay any outstanding debt (with a value of less than or equal to 50,000 USDT) for an Isolated Margin position. Available assets are used to repay liabilities, and the system will close the remaining liabilities by placing market orders based on the outstanding liability amounts.
What is ‘Repay All Symbols Debt’ on Isolated Margin?
The ‘Repay All Symbols Debt’ function allows you to fully repay any outstanding debt (with a total value of less than or equal to 50,000 USDT) across all positions in your Isolated Margin account. Available assets are used to repay liabilities, while remaining liabilities are closed by placing market orders based on the outstanding liability amounts.
How to use the Close Position and Repay functions on Isolated Margin?
If you’re using the Binance website:
1. Log in to your Binance account, go to [Trade] - [Margin]. Click [Isolated] to switch to Isolated Margin mode.
2. Scroll down to the [Positions] tab and click [Close Position] or [Repay] next to the position you’d like to adjust, or click [Repay All Symbols Debt].
If you’re using the Binance app:
1. Log in to your Binance app and tap [Trade] - [Margin]. Select [Isolated] to switch to Isolated Margin mode.
2. Scroll down to the [Positions] tab and tap [Close Position] or [Repay] for the position you’d like to adjust, or tap [Repay All Symbols].
