The 'Portfolio Margin Close All (PM Close All)' feature allows PM users to quickly manage their Cross Margin and Futures positions and debts. When activated, all Cross Margin and Futures open orders will be canceled, Cross Margin outstanding debts and negative Futures Balances will be repaid, and the remaining assets will be converted into the cryptocurrency specified by you.
For 'PM Close All' requests, your total assets or total debts must be below 150,000 USDT notional. If your total assets or total debts exceed 150,000 USDT, the request will not be processed.
Large positions may require longer processing times and may experience larger slippages. Please note that there may be a short delay before your request to PM Close All starts running. Please avoid making changes (placing orders, transfers and borrow/repay requests) to your Portfolio Margin Account before this request is fully completed, to avoid potential losses. Once the operation starts, these actions will be automatically suspended until the request is completed.
Please make sure you have upgraded to Portfolio Margin account mode. You can find the 'PM Close All Positions' option in the Positions section of the Futures trading page. After clicking it, a dialog box will appear where you can select the final settlement cryptocurrency (the available settlement crypto may vary depending on your regional compliance restrictions and platform policy updates).
Once you click the confirm button, you will enter the PM Close All Positions process.
