Instructions of Position Mode

The perpetual swaps of Hotcoin supports the Hedge Mode and One-way Mode , referring to a contract that is allowed to hold positions in both long and short directions at the same time in Hedge Mode. In one-way mode, you can only hold a position in one direction under one contract.

The position mode is Hedge Mode by default. The switching between one-way and Hedge position holding can be done in the Futures- Preferences, the switch is effective for all currency pairs of Futures area.

*The requirement for switching between One-way Mode and Hedge Mode is that there is no holding or pending orders in the position under Futures area.

For the contracts under isolated margin, the two positions under a Hedge position mode have independent risks, that have their independent margin and close price. But the leverage and risk limit is consistent.

For the contract with Cross margin, the risk hedges while the profit and loss cancel each other out. The margin and liquidation price are shared by both sides.

If the forced liquidation is triggered, two positions will both be closed. If both sides are equal, there's no risk of liquidation.

In One-way mode, the transaction direction is displayed as buy and sell, while in the Hedge mode, it is displayed as Buy/ Long, Sell/ Short, Close long, and Close short.