Close a position

You can close a whole position or part of it, at market or at a price you choose. A close is always reduce-only: it can only shrink the position, never open one on the other side.

Where to close

• Portfolio: Close at the end of each row on the Positions tab (on a phone, on each position card). A position close to liquidation also has Close in Needs attention.
• Trade: Close on each row of the positions panel under the chart (on a phone, on each position card). Close all closes every position on that venue at market, after one confirmation that shows the estimated PnL and fees.
• The position itself: tap a position to open it, then Close position at the bottom.

All of them open the same window: Close BTC-PERP long? with the side, the leverage, the venue, the entry and the size under the title.

Close at market

1. Open the Close window

   Tap Close. Market is selected and the full size is filled in.

2. Pick the size

   Tap 25%, 50% or 75% for a partial close, or type a size in coins under Size to close.

3. Check the estimate

   The window shows the Mark price, the Estimated PnL and the Fees. On Trade and on the position page it also shows You get back: the margin released plus the PnL, after fees.

4. Confirm

   Tap Close position for the whole position, or Close 0.0375 BTC (your size) for a part of it.

A market close uses your slippage tolerance from Settings > Trading > Slippage tolerance. The note at the bottom shows it, for example "Max slippage 0.5%".

After a full market close you see Position closed: the realized PnL with fees and funding, and how much returned to your balance.

Close with a limit order

Choose Limit, enter a Limit price and the size, then tap Place close at … (on Portfolio, Place close order). The order rests on the book as reduce-only until it fills or you cancel it. You find it in Open orders. Mid fills in the middle of the book.

Use it to take profit at a target without a trigger, or to avoid paying the spread on a large position.

What happens to TP/SL

• Full close: the position's TP and SL are cancelled by the venue. The note in the window names them, for example "TP 70,000 and SL 60,500 are cancelled on full close."
• Partial close: your TP and SL stay. A whole-position TP/SL now covers the smaller size.
• Ladder levels and trailing stops have a fixed size. Prow cancels the leftovers after a full close. See After the position closes.

Closing always works

Closing never depends on the Prow fee approval. If you revoked the Prow fee, or the venue rejects it, Prow sends the close without it. The same goes for TP/SL changes. You only need an active trading key on this device.