As part of Deepcoin’s improved functionality, the function of merge and split position modes has be added to perpetual contract. This feature is now available on both app and website. With the launch of this feature, the position management has been further subdivided, which makes operation and position management of perpetual contract more flexible. This article guides you through the “Merge” and “Split” position mode operation of perpetual contract.
USDT perpetual contract. Inverse perpetual contract
New position modes can be divided into two types: "Merge" and "Split". In simple terms, "Merge" means merging positions and "Split" means not merging positions.
1. Merge Mode
When opening a new merge position in the same direction and with the same trading pair, the new order will be merged into your current merge position after filled. This means that in the merge-mode you will only have two positions, a long and a short.
2. Split Mode
You can create multiple positions in the same direction or in different directions on the same trading pair. These positions exist independently from each other, allowing for greater flexibility in position management.
The position modes of merge and split only apply to USDT perpetual contract and inverse perpetual contract and do not support USDT contract.
Tap [Contract] on the home screen to enter the USDT perpetual or inverse perpetual screen. In addition to setting the order type, quantity and other conditions for opening a position, you can also tap the [Merge125X] button besides the order type, choose to merge or split position mode, and then adjust the leverage you want. After setting the conditions, tap [Buy/Long]/[Sell/Short].
Confirmation: After position mode setting and leverage adjustment, open positions and you will see positions marked with the word "Merge" or "Split" under the position screen.
1) Merge Mode
There are three buttons on the position: [TP/SL], [Trailing Stop], [Close]. If you wish to adjust the number of conts, you can increase or decrease the contract number by entering or closing merge position.
2) Split Mode
There are four buttons on the position: [Leverage], [TP/SL], [Addition], [Close]. To adjust the leverage of split position, tap [Leverage] below the position. Alternatively, if you wish to add margin directly, you can click the [Addition] button on the position to add a limit or market price order.
Both in merge mode and split mode, you can adjust or add TP/SL price easily by tapping [TP/SL] and setting trigger price.
Just as in the merge mode, you can tap on [TP/SL] function and set the trigger price.
With the launch of this feature, the position management will be further subdivided.
Risk Warning: Contract trading of cryptocurrency involves risk and losses may exceed the principal invested. Deepcoin strongly advises users to consider investment objectives, experience and risk tolerance carefully before investing.