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This guide covers how to view and manage your active trading positions and pending trade requests.

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Position Types

Active Positions

Matched trades that are live and tracking P&L against oracle prices.

Pending Trades

Trade requests waiting to be matched with liquidity.

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Active Positions

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Viewing Active Positions

Find your active positions on the Trade page, in the positions panel below the order form.

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Position Information

Each active position displays:
FieldDescription
PairTrading pair (e.g., BTC/USDC)
DirectionLong or Short indicator
SizePosition size in USD
LeverageLeverage multiplier
Entry PriceOracle price when position opened
Current PriceReal-time oracle price
Unrealized P&LCurrent profit/loss (updates live)
Liquidation PricePrice that triggers liquidation
Stop-LossYour stop-loss level (if set)
Take-ProfitYour take-profit level (if set)
DurationTime position has been open

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P&L Display

Unrealized P&L is color-coded:
  • Green: Position is profitable
  • Red: Position is at a loss
  • Gray: Break-even (±0.1%)
The percentage shown is return on collateral: 
Return % = (P&L / Collateral) × 100

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Managing Active Positions

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Closing a Position

1

Locate Position

Find the position you want to close in your active positions list.
2

Click Close

Click the “Close” button on the position row.
3

Review

Confirm the closing details: - Final P&L - Fees - Amount to receive
4

Confirm

Approve the transaction in your wallet.

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Modifying Stop-Loss / Take-Profit

1

Select Position

Click on the position to expand details.
2

Edit SL/TP

Click “Edit” next to Stop-Loss or Take-Profit.
3

Enter New Level

Input your new price level.
4

Confirm

Sign the transaction to update.
Modifying SL/TP requires a small gas fee for the on-chain update.

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Pending Trades

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What Are Pending Trades?

When you submit a trade request, it enters a pending state while waiting for a matcher to provide liquidity.

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Viewing Pending Trades

Navigate to Pending Trades in the sidebar to see all your pending requests.

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Pending Trade Information

FieldDescription
PairRequested trading pair
DirectionLong or Short
CollateralAmount you’re putting up
LeverageRequested leverage
SizeCalculated position size
Stop-LossPre-set stop-loss (if any)
Take-ProfitPre-set take-profit (if any)
Time in QueueHow long it’s been pending
StatusWaiting / Partially Matched

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Pending Trade Status

StatusMeaning
WaitingIn queue, no liquidity matched yet
Partially MatchedSome liquidity allocated, more needed
MatchingCurrently being processed

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Managing Pending Trades

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Cancelling a Pending Trade

If your trade hasn’t been matched yet:
1

Find Pending Trade

Locate the trade in your Pending Trades list.
2

Click Cancel

Click the “Cancel” button.
3

Confirm

Approve the cancellation transaction.
4

Funds Returned

Your collateral returns to your trading balance.
Once a trade is matched, you cannot cancel it. You must close the active position instead.

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Matching Time Expectations

Position SizeTypical Wait
Small (< $500)1-5 minutes
Medium (500−500-5,000)5-15 minutes
Large (> $5,000)15+ minutes
Factors affecting matching:
  • Market conditions
  • Available matcher liquidity
  • Pair popularity
  • Time of day

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Position Cards vs. Table View

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Card View

Compact cards showing key info:
  • Pair and direction
  • P&L prominently displayed
  • Quick action buttons
Best for: Mobile, quick monitoring

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Table View

Detailed table with all columns:
  • Full information at a glance
  • Easy comparison between positions
  • Sortable columns
Best for: Desktop, detailed analysis Toggle between views using the view selector button.

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Position Alerts

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Setting Alerts

Configure notifications for your positions:
Alert TypeTrigger
Price AlertAsset reaches specified price
P&L AlertPosition P&L reaches threshold
Liquidation WarningApproaching liquidation price
SL/TP TriggeredStop-loss or take-profit executes

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Notification Channels

  • Browser notifications
  • Email (if configured)
  • Discord webhooks (coming soon)

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Position Health

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Margin Level

Monitor how healthy your position is: 
Margin Level = (Collateral + Unrealized P&L) / Maintenance Margin × 100%
Margin LevelStatus
> 150%Healthy (Green)
100-150%Caution (Yellow)
< 100%Danger (Red)
< 80%Liquidation imminent

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Distance to Liquidation

Shows how far the current price is from your liquidation price: 
Distance = |Current Price - Liquidation Price| / Current Price × 100%

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Multiple Positions

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Managing Several Positions

Tips for handling multiple active trades:
Multiple positions in same pair can offset or compound exposure. Monitor your net long/short.
Keep position sizes manageable so one loss doesn’t wipe out several wins.
Avoid placing all stops at the same level to prevent cascade closes.
Check all positions daily, especially in volatile markets.

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Aggregate View

Summary stats for all your active positions:
  • Total unrealized P&L
  • Total collateral at risk
  • Net exposure by asset
  • Total interest accruing

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Troubleshooting

  • Check if it’s in Pending vs. Active - Refresh the page - Verify transaction confirmed - Try reconnecting wallet
  • Ensure you have ETH for gas - Position may be in process of liquidation - Try increasing gas limit
  • P&L is based on oracle price, not exchange price - Account for accumulated interest - Check entry price recorded
  • Large positions take longer to match - Consider cancelling and splitting into smaller trades - Check if liquidity is available for that pair

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Next Steps

Closing Trades

Learn more about closing positions.

Trade History

Review your past trades.