Buy Crypto
Markets
Trade
Futures
Earn
Square
More
FAQ
Home
Support Center
FAQ
Spot & Margin Trading
Margin Trading
Margin Account Management
How to Use the Close Position and Repay Functions on Binance Margin?

How to Use the Close Position and Repay Functions on Binance Margin?

2022-03-16 12:59
Cross Margin
Isolated Margin
Order History
Cross Margin
Last updated: 23 Oct 2024
Disclaimer: Products and services referred to here may not be available in your region.
In this article, you will learn:
  • How these functions work on Cross and Isolated Margin accounts: Close Position, Repay, Close All Positions, and Repay All Debt
  • Examples of how each of the above functions affect your Margin account assets or liabilities
  • Where to find historical information when the above functions are used

For Cross Margin mode

In your Cross Margin account, you may request to
  • ‘Close Position’ for a single token position repays any debt and sells remaining assets of that position into the settlement token you have selected. You may submit ‘Close Position’ requests for positions greater than 10 USDT in value, or below 0 USDT in value (negative positions).
  • ‘Close All Positions’ fully repays any debt and sells any remaining assets in your Cross Margin account into the settlement token you have selected. You may submit ‘Close All Positions’ requests for total asset amounts of less than 150,000 USDT in value.
  • ‘Repay All Debt’ fully repays any debt in your Cross Margin account, by using or selling collateral assets to perform repayments.
Read through the individual segments below to understand each function better.
Please note that once ‘Close Position’, ‘Close All Positions’ ,or ‘Repay All Debt’ requests are submitted, you won’t be able to modify your positions until they are completed. There’s no guarantee in terms of the time needed to fully exit positions or sell the required amount of assets to fully repay debts due to varying market conditions and volatility. Larger market orders to sell assets using these functions may also experience greater price slippages and may result in losses.
The ‘Close Position’ function allows you to fully or partially exit a single cryptocurrency position (with a position value greater than 10 USDT) in your Cross Margin account. Assets locked in open orders will not be included in such a request. Any outstanding debt for that cryptocurrency will be repaid and any remaining assets will be sold into your selected token using market orders. Standard trading fees apply.
Amount Limit：
  • The maximum close position amount for a single request is capped at 95% of the Maximum Market Order Amount as specified in Binance’s Spot Trading Rules. Note that the Maximum Market Order Amount may change from time to time due to market conditions.
  • If a direct trading pair exists between the position you want to close and the selected settlement token, the Maximum Market Order Amount of that pair applies.
    • For example, if a user wants to close a ZRO position and settle in BTC, and the ZRO/BTC trading pair exists: Binance Margin will sell ZRO into BTC directly, with the maximum close position amount calculated as 95% of the Maximum Market Order Amount for the ZRO/BTC trading pair.
  • If no direct trading pair is available, the position you want to close will be sold into USDT and then into the settlement token. In this case, Binance Margin will use the lower of the two Maximum Market Order Amounts for both pairs as the maximum close position amount.
    • For example, if a user wants to close a ZRO position and settle in ETH, but no ZRO/ETH pair exists: Binance Margin will sell ZRO into USDT first, and sell the USDT into ETH. Since ZRO/USDT has a lower Maximum Market Order Amount compared to ETH/USDT, the maximum close position amount for this request will be calculated as 95% of the Maximum Market Order Amount for the ZRO/USDT trading pair.
  • If the requested position size to be closed is larger than the maximum close position amount, the request will not be processed. Users may select a smaller closing ratio to proceed.
You may submit ‘Close Position’ requests in your Cross Margin account up to 200 times per 24 hours across all positions. This allows you to submit multiple requests to fully close a position, since the maximum close position amount may limit the amount of tokens sold per request. Beyond this limit, you may only close your positions by placing your own trades.
The ‘Close Position’ function allows you to fully or partially repay outstanding debt for a single cryptocurrency position below 0 USDT in value (negative positions). Assets locked in open orders will not be included in such a request. You will be prompted to rank, in descending order, which assets to sell first via market orders to repay the debt. Standard trading fees apply.
Amount Limit：
  • The maximum repay amount from selling other assets is capped (for each asset) at 95% of the Maximum Market Order Amount as specified in Binance’s Spot Trading Rules. This may result in your ‘Close Position’ request being partially fulfilled, in which case you may submit multiple ‘Close Position’ requests to fully repay liabilities for a single position.
    • For example, you have 10,000 USDT in liabilities and 30 BNB in assets. Assuming BNB price is 500 USDT, and the Maximum Market Order Amount for BNB/USDT of 10, the maximum repay amount from selling BNB is 9.5 BNB (95%*10), or 4,750 USDT.
  • For each selected asset to be sold to repay your debt
    • If a direct trading pair exists between the debt token you want to repay and the asset to be sold, the Maximum Market Order Amount of that pair applies.
    • If no direct trading pair is available, the asset will be sold into USDT and then into the debt token. In this case, Binance Margin will take the smaller of the two Maximum Market Order Amounts for both pairs as the maximum repay amount.
    • Due to the Minimum Order Size specified in Binance ’s Spot Trading Rules, there is a possibility that there are leftover assets of the debt token after a ‘Close Position’ request has concluded. This is a result of having to sell slightly more assets than the residual debt due to the Minimum Order Size.
You may submit ‘Close Position’ requests in your Cross Margin account up to 200 times per 24 hours across all positions. This allows you to submit multiple requests to fully repay their debt, since the maximum repay amount may limit the amount of tokens sold per request. Beyond this limit, you may only repay your debt by placing your own trades and subsequently manually performing repayments.
The ‘Close All Positions’ function allows you to fully exit all Cross Margin positions. All open orders will be canceled. Any outstanding debt in your Cross Margin account will be repaid and any remaining assets will be sold into your selected token using market orders. Standard trading fees apply.
Amount Limit:
  • For 'Close All Positions' requests, your total assets must be below 150,000 USDT notional. If your total assets exceed 150,000 USDT, the request will not be processed. You may use ‘Close Position’ on individual positions instead, until your total assets fall within the cap.
  • You may submit ‘Close All Position’ requests in your Cross Margin account up to 50 times per 24 hours across all positions. Beyond this limit, you may only close your positions by placing your own trades.
Large positions may require longer processing times and may experience larger slippages. Please note that there may be a short delay before your request to Close All Positions starts running. Please avoid making changes (placing orders, transfers and borrow/repay requests) to your Margin Account before this request is fully completed, to avoid potential losses. Once the operation starts, these actions will be automatically suspended until the request is completed.
The ‘Repay All Debt’ function allows you to cancel all pending Cross Margin orders and fully repay any outstanding debt across all positions in your Cross Margin account.
Amount Limit：
  • For 'Repay All Debt' requests, the sum of your net liabilities for each position should be below 150,000 USDT notional. If it exceeds 150,000 USDT, the request will not be processed. You may use ‘Repay’ on individual positions instead, until the sum of your net liabilities for each position falls within the cap.
  • You may submit ‘Repay All Debt’ requests for your Cross Margin accounts up to 50 times per 24 hours. Beyond this limit, you may only close your positions by placing your own trades and manually performing repayments.
Large positions may require longer processing times and may experience larger slippages. Please note that there may be a short delay before your request to Repay All Debt starts running. Please avoid making changes (placing orders, transfers and borrow/repay requests) to your Margin Account before this request is fully completed to avoid potential losses. Once the operation starts, these actions will be automatically suspended until the request is completed.
If you’re using the Binance website:
1. Log in to your Binance account and go to [Trade] - [Margin]. Click [Cross] to switch to Cross Margin mode.
2. Scroll down to the [Positions] tab. Click [Close Position] next to the position you’d like to adjust, or click [Close All Positions] or [Repay All Debt] to close or repay all positions.
3. [Close Position] allows you to choose what percentage of your position you wish to close, as well as the stablecoin you’d like to sell your remaining assets to.
For negative positions, you’ll be prompted to rank, in descending order, which assets to sell first via market orders to repay the debt.
If you’re using the Binance app:
1. Log in to your Binance app and tap [Trade] - [Margin]. Select [Cross] to switch to Cross Margin mode.
2. Scroll down to the [Positions] tab and tap [Close Position] for the position you’d like to adjust, or tap [Repay All] or [Close All] to repay or close all positions.
Yes, the Close Position function works while you are in withdrawal-only mode. If you intend to close a position larger than 95% of the Maximum Market Order Amount, you can click the button and then select the closing ratio multiple times to close the desired position amount. Any outstanding debt for that cryptocurrency will be repaid, and any remaining assets will be converted into your selected stablecoin via market orders. Standard trading fees apply.
Click to view the ‘Isolated Margin’ tab on this page to learn more.
For more information on your Binance Margin account, visit the Margin Account Management FAQs page.
Please note that once ‘Close Position’, ‘Repay’, ‘Close All Positions’ or ‘Repay All Debt’ requests are submitted, you won’t be able to modify your positions until they are completed. There’s no guarantee in terms of the time needed to fully exit positions or sell the required amount of assets to fully repay debts due to varying market conditions and volatility. Larger market orders to sell assets using these functions may also experience greater price slippages and may result in losses.
The ‘Close Position’ function allows you to fully exit an Isolated Margin position. You can choose which cryptocurrency of a trading pair to settle in, and the system will repay any outstanding debt for that trading pair and convert the remaining assets into the chosen cryptocurrency using market orders.
The maximum close position amount for an Isolated Margin trading pair is capped at 95% of the Maximum Market Order Amount in spot trading as specified in Binance’s Spot Trading Rules. You may submit ‘Close Position’ requests for each of their Isolated Margin accounts up to 100 times per 24 hours. This allows you to submit multiple requests to fully close a position, since the Maximum Market Order Amount may limit the amount of tokens sold per request.
The ‘Repay’ function allows you to fully repay any outstanding debt for an Isolated Margin position. Available assets are used to repay liabilities, and the system will close the remaining liabilities by placing market orders based on the outstanding liability amounts.
The maximum repay amount for an Isolated Margin trading pair is capped at 95% of the Maximum Market Order Amount as specified in Binance’s Spot Trading Rules. Users may submit ‘Repay’ requests for each of their Isolated Margin accounts up to 100 times per 24 hours. This allows for users to submit multiple requests to fully repay a position, since the Maximum Market Order Amount may limit the amount of tokens sold per request.
The ‘Repay All Symbols Debt’ function allows you to fully repay any outstanding debt across all positions in your Isolated Margin account. Available assets are used to repay liabilities, while remaining liabilities are closed by placing market orders based on the outstanding liability amounts.
The maximum repay amount for each Isolated Margin trading pair in your account is capped at 95% of its respective Maximum Market Order Amount as specified in Binance’s Spot Trading Rules. Users may submit ‘Repay All Symbols Debt’ requests up to 50 times per 24 hours. This allows for users to submit multiple requests to fully repay all their positions, since the Maximum Market Order Amount may limit the amount of tokens sold per request.
Please note that there may be a short delay before your request to Repay All Symbols Debt starts running. Please avoid making changes (placing orders, transfers and borrow/repay requests) to your Margin Account before this request is fully completed to avoid potential losses. Once the operation starts, these actions will be automatically suspended until the request is completed.
If you’re using the Binance website:
1. Log in to your Binance account, go to [Trade] - [Margin]. Click [Isolated] to switch to Isolated Margin mode.
2. Scroll down to the [Positions] tab and click [Close Position] or [Repay] next to the position you’d like to adjust, or click [Repay All Symbols].
If you’re using the Binance app:
1. Log in to your Binance app and tap [Trade] - [Margin]. Select [Isolated] to switch to Isolated Margin mode.
2. Scroll down to the [Positions] tab and tap [Close Position] or [Repay] for the position you’d like to adjust, or tap [Repay All Symbols].
Yes, the Close Position function works while you are in withdrawal-only mode. Any outstanding debt for that cryptocurrency will be repaid, and any remaining assets will be converted into your selected stablecoin at the current market price. Standard trading fees apply.
For more information on your Binance Margin account, visit the Margin Account Management FAQs page.
In Margin Order History, you are able to view Order Type information that tells you whether a particular order was made with one of these functions: Close Position, Repay, Close All Positions, Repay All Debt,Auto Borrow, Auto Repay.

On the Binance website:

1. Log in to your Binance account, click the [Profile] icon and go to [Orders].
2. Go to [Margin Order] - [Order History]. Refine your search parameters and click on [Search]. Click on the dropdown button on the leftmost column of the list to view more details. The [Order Type] lets you know what function this order was made with.