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Alienheart
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Which big guy can explain the difference between closing a buy position in perpetual contracts and closing at market price?
I've searched online for a long time and couldn't find a clear explanation. For example, I opened a short position with 20x leverage on ETH, buying 5 contracts at 3300, but now it has risen to 3500, showing a floating loss of -1200U. Below there is a market price close option, and there is also a buy to close short option. Aren't these two losses different? If I close at market price, I lose 1200, then how much is the loss if I buy to close short, and how is it calculated? As a newbie, I don't really understand. I've only heard online that if you open in the wrong direction, you can close it back. Does closing it back only incur a fee and not calculate the loss? Please explain!
I've searched online for a long time and couldn't find a clear explanation. For example, I opened a short position with 20x leverage on ETH, buying 5 contracts at 3300, but now it has risen to 3500, showing a floating loss of -1200U. Below there is a market price close option, and there is also a buy to close short option. Aren't these two losses different? If I close at market price, I lose 1200, then how much is the loss if I buy to close short, and how is it calculated? As a newbie, I don't really understand. I've only heard online that if you open in the wrong direction, you can close it back. Does closing it back only incur a fee and not calculate the loss? Please explain!
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