Partially & Fully Closing a Live Trade Order

Traders can fully or partially close an open position on the Kana Perps platform using either Market or Limit order types. Below is a step-by-step guide outlining the various methods to close a position.

Step 1—To fully close a position instantly, navigate to the “Positions” tab. Locate the open position you wish to close and click on the “Quick Close” button located on the far right. This will immediately submit a market order to exit the entire position at the best available price.

Step 2—To partially close a position at the current market price, select the desired position from the “Positions” tab. In the “Close” section, select the “Market” option, manually input the quantity you wish to close, and click “Confirm” to execute the trade.

Step 3— To partially close a position at a specific price level, select the open position in the “Positions” tab. Under the “Close” section, select the “Limit” option, enter your target price and the quantity to close, then click “Confirm”. The limit order will be submitted and remain open until it is matched and executed or canceled.

Step 4— Upon successful closure of the position, a confirmation message will appear stating “Long Position Exited Successfully” or “Short Position Exited Successfully”, depending on the direction of the trade.

Step 5— All closed positions are recorded in the “Order History” tab. The closed trade will appear with the action labeled as “Exit Long” or “Exit Short”, and the status will display “Filled” once execution is complete.