Open Position

There are 4 ways to place an order for perpetual futures: Limit, Market, Conditional, and Advanced Limit. When the market price is bullish, place an order to buy a long position; when the market price is bearish, place an order to sell a short position.

Web Version

Limit

1. Click to select cross/isolated margin mode and set suitable leverage.
2. Enter the order price manually or click the price in the “Orderbook” on the left to fill it directly.
3. Enter the order amount.
4. Select “Buy (Long)” or “Sell (Short)”.
   

If the order is not filled immediately or fully, you can view it in “Open Orders”. Click 1 if you want to cancel the order, and click 2 if you want to edit the order price and amount.

After an order is filled, you can view it in “Positions”, and the margin can be adjusted here in isolated mode ( in cross mode, the entire balance of the futures account is used as margin) .
Note: Liquidation price will be recalculated after adjusting the margin. Please pay close attention to the liquidation risk.

Market

1. Click to select cross/isolated margin mode and set suitable leverage.
2. Enter the order amount.
3. Select “Buy (Long)” or “Sell (Short)”.
   

Note: The market order will be filled immediately at the market price, not pending.

Conditional

1. Click to select cross/isolated margin mode and set suitable leverage.
2. Enter the trigger price for the conditional order, and make sure that you select the correct trigger price type (last price, mark price or index price). The default trigger price type for limit and market orders is last price.
3. Select the conditional order price and type.
4. Enter the order amount.
5. Select “Buy (Long)” or “Sell (Short)”.
   

Advanced Limit

1. Click to select cross/isolated margin mode and set suitable leverage.
2. Select the advanced limit order type: “Post-Only”, “Fill or Kill (FOK)”, “Immediate or Cancel (IOC)”
   
3. Enter the advanced limit order price.
4. Enter the order amount.
5. Select “Buy (Long)” or “Sell (Short)”.
   

App Version

Limit

Steps:

1. Tap to select cross/isolated margin mode and set suitable leverage.
2. Enter the order price manually or tap the price in the “Orderbook” on the left to fill it directly.
3. Enter the order amount.
4. Select “Buy (Long)” or “Sell (Short)”.
   

If the order is not filled immediately or fully, you can view it in “Open Orders”. Tap 1 if you want to edit the order price and amount, and tap 2 if you want to cancel the order.

After an order is filled, you can view it in “Positions”, and the margin can be adjusted here in isolated mode ( in cross mode, the entire balance of the futures account is used as margin) .
Note: Liquidation price will be recalculated after adjusting the margin. Please pay close attention to the liquidation risk.

Market

1. Tap to select cross/isolated margin mode and set suitable leverage.
2. Enter the order amount.
3. Select “Buy (Long)” or “Sell (Short)”.
   

Note: The market order will be filled immediately at the market price, not pending.

Conditional

1. Tap to select cross/isolated margin mode and set suitable leverage.
2. Enter the trigger price for the conditional order, and make sure that you select the correct trigger price type (last price, mark price or index price). The default trigger price type for limit and market orders is last price.
3. Select the conditional order price and type.
4. Enter the order amount.
5. Select “Buy (Long)” or “Sell (Short)”.
   

Advanced Limit

1. Tap to select cross/isolated margin mode and set suitable leverage.
2. Select the advanced limit order type: “Post-Only”, “Fill or Kill (FOK)”, “Immediate or Cancel (IOC)”
   
3. Enter the advanced limit order price.
4. Enter the order amount.
5. Select “Buy (Long)” or “Sell (Short)”.
   

Close Position

Web Version

One-Way Mode

Select Limit or Market on the right side of the “Positions”. If you select “Limit”, both order price and amount are required. If you select “Market”, only order amount is required and you can quickly close the position.

When entering the amount to be closed, you can enter it directly or select “Cross” below.
Note: Market depth changes in real-time, and estimated results are for reference only. There may be significant deviations, so please be cautious when using market orders to close positions.

If the order is not filled immediately, it will be displayed in the “Open Orders”, and you can see “Reduce-Only” in “Remarks”. You can click “Cancel” to cancel the order.
Close All is available now for Gate perpetual futures. This feature allows you to quickly close all positions under extreme market conditions without manually closing multiple positions. By simply clicking the “Close All” button, you can rapidly close all positions.
On the Web version, you can find the “Close All” button on the right side of the “Positions” section. After clicking, a prompt will appear: “Are you sure to close all the positions at market price and cancel all open orders?” If you click “Confirm”, the system will cancel all open orders and close positions at the market price.
Note:
If you enable “Close All” in USDT-M market, only positions under the USDT-M market will be closed, and the contracts in BTC-M market will not be affected. If you want to close all positions in BTC-M market, please click “Close All” on the corresponding trading page separately.

Hedge Mode

In hedge mode, you can close positions in the order placement zone or the “Positions” tab, and the steps in the “Positions” tab are the same as one-way mode. If you want to close positions in the order placement zone, click “Close“ and select from Limit/Market/Conditional/Advanced Limit, and the operation is the same as when opening a position.

Note:
Since the position in hedge mode will only be long or short and will not be reversed. the option “Reduce-Only” has been removed from the order zone. Accordingly, “Long” and “Short” become “Open Long”, “Close Long”, “Open Short” and “Close short”. Please pay attention to the order side when you want to reduce or close the position.
For example, you need to select “Close Long” to close a long position, and select “Close Short” to close a short position. This action will not initiate a reverse position. If the amount you want to close is larger than the current position amount, only the current amount will be successfully closed. And if you want to open a reverse position after closing the position, you need to open a new reverse position separately.

App Version

One-Way Mode

Tap “Close” in the “Positions” tab, and select Limit or Market. If you select “Limit”, both order price and amount are required. If you select “Market”, only order amount is required and you can quickly close the position.

When entering the amount to be closed, you can enter it directly or select “Cross” below.
Note: Market depth changes in real-time, and estimated results are for reference only. There may be significant deviations, so please be cautious when using market orders to close positions.

If the order is not filled immediately, it will be displayed in the “Orders”, and you can see “Reduce-Only” in “Remarks”. You can tap “Cancel” to cancel the order.
Gate perpetual futures has the feature of “Close All”, which allows you to quickly close all positions in extreme market conditions with one click, without closing multiple positions one by one.
On the App version, you can find the “Close All” button on the right side of the “Positions” section. After tapping, a prompt will appear: “Are you sure to close all the positions at market price and cancel all open orders?” If you tap “Confirm”, the system will cancel all open orders and close positions at the market price.
Note:
If you enable “Close All” in USDT-M market, only positions under the USDT-M market will be closed, and the contracts in BTC-M market will not be affected. If you want to close all positions in BTC-M market, please tap “Close All” on the corresponding trading page separately.

Hedge Mode

In hedge mode, you can close positions in the order placement zone or the “Positions” tab, and the steps in the “Positions” tab are the same as one-way mode. If you want to close positions in the order placement zone, tap “Close“ and select from Limit/Market/Conditional/Advanced Limit, and the operation is the same as when opening a position.

Note:
Since the position in hedge mode will only be long or short and will not be reversed. the option “Reduce-Only” has been removed from the order zone. Accordingly, “Long” and “Short” become “Open Long”, “Close Long”, “Open Short” and “Close short”. Please pay attention to the order side when you want to reduce or close the position.
For example, you need to select “Close Long” to close a long position, and select “Close Short” to close a short position. This action will not initiate a reverse position. If the amount you want to close is larger than the current position amount, only the current amount will be successfully closed. And if you want to open a reverse position after closing the position, you need to open a new reverse position separately.

Reduce Position

Web Version

One-Way Mode

1. For the same trading pair, you can reduce the position by placing a new order on the opposite side of your existing position. After the order is executed:
   • If the amount of the reverse position is less than the existing position, it is considered as “Reduce Position.” You can view the “PNL of Reducing Position” in the Transaction History.
   • If the amount of the reverse position is equal to the existing position, it is considered as “Close Position,” but the order will not be labeled as “Close Position,” and the details of the closed position cannot be directly viewed in the Position History.
   • If the amount of the reverse position is larger than the existing position, you will hold a position on the opposite side.
2. To reduce a position directly in the positions: In the right side of the “Positions” tab, select Limit or Market. If you select “Limit”, both order price and amount are required. If you select “Market”, only order amount is required and you can quickly close the position. When entering the amount to be reduced, you can enter it directly or choose from the options “25%”, “50%”, and “75%” below.
   

Hedge Mode

In hedge mode, you can reduce positions in the order placement zone or the “Position” tab, and the steps in the “Position” tab are the same as one-way mode. If you want to reduce positions in the order placement zone, click “Close“ and select from Limit/Market/Conditional/Advanced Limit, and the operation is the same as when opening a position.

Note:
Since the position in hedge mode will only be long or short and will not be reversed. the option “Reduce-Only” has been removed from the order zone. Accordingly, “Long” and “Short” become “Open Long”, “Close Long”, “Open Short” and “Close short”. Please pay attention to the order side when you want to reduce or close the position.
For example, you need to select “Close Long” to close a long position, and select “Close Short” to close a short position. This action will not initiate a reverse position. If the amount you want to close is larger than the current position amount, only the current amount will be successfully closed. And if you want to open a reverse position after closing the position, you need to open a new reverse position separately.

App Version

One-Way Mode

1. For the same trading pair, you can reduce the position by placing a new order on the opposite side of your existing position. After the order is executed:
   • If the amount of the reverse position is less than the existing position, it is considered as “Reduce Position.” You can view the “PNL of Reducing Position” in the Transaction History.
   • If the amount of the reverse position is equal to the existing position, it is considered as “Close Position,” but the order will not be labeled as “Close Position,” and the details of the closed position cannot be directly viewed in the Position History.
   • If the amount of the reverse position is larger than the existing position, you will hold a position on the opposite side.
2. To reduce a position directly in the positions: In the right side of the “Positions” tab, tap “Close”, and select Limit or Market. If you select “Limit”, both order price and amount are required. If you select “Market”, only order amount is required and you can quickly close the position. When entering the amount to be reduced, you can enter it directly or choose from the options “25%”, “50%”, and “75%” below.
   

Hedge Mode

In hedge mode, you can reduce positions in the order placement zone or the “Position” tab, and the steps in the “Position” tab are the same as one-way mode. If you want to reduce positions in the order placement zone, tap “Close“ and select from Limit/Market/Conditional/Advanced Limit, and the operation is the same as when opening a position.

Note:
Since the position in hedge mode will only be long or short and will not be reversed. the option “Reduce-Only” has been removed from the order zone. Accordingly, “Long” and “Short” become “Open Long”, “Close Long”, “Open Short” and “Close short”. Please pay attention to the order side when you want to reduce or close the position.
For example, you need to select “Close Long” to close a long position, and select “Close Short” to close a short position. This action will not initiate a reverse position. If the amount you want to close is larger than the current position amount, only the current amount will be successfully closed. And if you want to open a reverse position after closing the position, you need to open a new reverse position separately.

Reasons for Futures Order Failures

In futures trading, some users may encounter issues that prevent them from opening or closing positions. The main reasons for order failures are as follows.

Reasons for order failure when opening a position:

1. Insufficient Account Balance: Check if the futures account balance is sufficient. If the balance is insufficient, you will be prompted with “Insufficient Available Balance.” You can reduce the position size, increase leverage, or transfer funds to resolve the issue.
2. Order Amount Limit: The futures order size must be 1 to 1,000,000 contracts, or the equivalent of cryptocurrency. Orders exceeding this limit cannot be placed.
3. Incorrect “Reduce-Only” Setting: If you set “Reduce-Only” for a conditional order without holding a position, the order will fail to avoid increasing the position.
4. Exceeding Allowed Price Deviation: If the order price exceeds the maximum allowed deviation from the set order price, the order will fail.
5. Immediate Liquidation Risk: If the liquidation price after the trade exceeds the current mark price, the order will fail to prevent immediate liquidation after opening the position.

Reasons for order failure when closing a position:

1. Margin Requirements for Closing: No margin is required for closing a position. However, if there is already one exit order, any additional stop-loss, take-profit, or other exit orders require margin. If the balance is insufficient, the order will fail.
2. Avoiding Position Increase: If one exit order is filled and the position is already closed, any other exit order (such as a stop-loss, take-profit, or other orders) set as “Reduce-Only” will fail to prevent increasing the position.

Gate reserves the final right to interpret the product.