Closing a Position
You can close your position at your chosen price.
You do not have to close all of it. A partial close takes out part of the quantity and leaves the rest open at the same entry price, returning the corresponding share of margin along with the realised PnL. Any TP/SL orders on the position stay in place on what remains.
Receive Profit or Remaining Collateral
- All applicable fees will be deducted from your collateral and transferred to the Vault.
- Slippage is fixed when closing via Market Orders.
Fees
- When closing a position, the following fees apply:
- Close Fee
- Execution Fee (Free)
- Holding Fee
- These fees are deducted directly from your collateral before any profit or remaining balance is returned to your wallet.
- See Fee Overview and Holding & Funding Fees for detailed information.
Settlement
- Base on the Virtual Market Making Vault design, when the position is closed, settlement is made in LVUSD/LVMON based on what type of collateral you use, more details are shown below:
→ LVMON