I am using the Binance Python API (Python 3.x). Please note that if you do not adjust any leverage before placing an order, the system's default leverage will be 20x. This follows the updates on 2021-07-19 (UTC) when leverage limit of a maximum of 20x was implemented for new accounts opened within 30 days. 565), Improving the copy in the close modal and post notices - 2023 edition, New blog post from our CEO Prashanth: Community is the future of AI. Is there a generic term for these trajectories? Before trading on Binance Futures, make sure you are familiar with basic definitions. The Mark Price is the latest price for your contract that is used for margin calculation. Use it when you need extra flexibility, but try to go for lower amounts in your day-to-day trading experience. this is how I'm doing the Close position. What are futures? As per the change long from the api doc here: New parameter closePosition for endpoint POST /fapi/v1/order: When you place an order to buy btc using usdt and it becomes FILLED, that btc is immediately credited to your account. By clicking Accept all cookies, you agree Stack Exchange can store cookies on your device and disclose information in accordance with our Cookie Policy. https://dev.binance.vision/t/closing-positions/221. https://python-binance.readthedocs.io/en/latest/binance.html#binance.client.Client.get_all_orders, I was looking for Open Positions (not Orders), If a BTCUSDT SELL Position that has status=FILLED with a origQty =.20, I want to be able to reverse it with a BUY and a Quantity of .20, If a BTCUSDT BUY Position has status=FILLED and a origQty=.30, I want to be able to reverse it with a SELL and a Quantity of .30. Share your thoughts in the comments section below. New to Binance Futures - Changing leverage on an open position doesn't do anything Coming from Bitmex and Bybit there is one thing that confuses me on Binance Futures: When I change the leverage on an open position both the Liquidation Price and the Margin stay the same. Binance Futures open positions work by allowing traders to take advantage of leverage to open larger positions than they would be able to with their own funds. To choose the contract, go to the top left of the page and hover over the current contract (BTCUSDT by default). In this example, such a deal is a futures contract. Pay special attention to the Liq. Find centralized, trusted content and collaborate around the technologies you use most. When you open or close long/short positions on Binance, you can see your orders and other details in the order history. In this tutorial, Im using 5x leverage for my short position on Bitcoin. Binance Stablecoin Explanation and Where to buy BUSD Cryptocurrency? In this tutorial, I will show you how to short Bitcoin on Binance and give you information on everything you need to know to open short positions on Binance such as fees, funding and stop loss. Updates on Rules of Binance Futures Leverage for New Accounts (2021-07 By default, leverage is set to 20x. How to place and close BINANCE FUTURES order with leverage
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