How to close BitMEX contract

How to Close BitMEX Contract

BitMEX is a popular cryptocurrency exchange that offers a variety of trading products, including futures contracts. Futures contracts are agreements to buy or sell an asset at a specified price on a future date.

If you have opened a BitMEX futures contract and want to close it, you can do so by following these steps:

1. Open the "Positions" tab.

The "Positions" tab is located in the top menu bar of the BitMEX website. Click on this tab to open a list of all of your open positions.

2. Find the contract you want to close.

The list of open positions will show you the following information for each contract:

• The symbol of the contract
• The quantity of the contract
• The entry price of the contract
• The mark price of the contract
• The profit or loss of the contract

Find the contract that you want to close and click on it.

3. Click on the "Close Position" button.

The "Close Position" button is located at the bottom of the contract details page. Click on this button to open a confirmation dialog box.

4. Confirm that you want to close the contract.

The confirmation dialog box will show you the following information:

• The quantity of the contract that you are closing
• The price at which the contract will be closed
• The profit or loss that you will make on the contract

If you are sure that you want to close the contract, click on the "Confirm" button.

5. The contract will now be closed.

Once you have clicked on the "Confirm" button, the contract will be closed and the profit or loss will be added to your account balance.

Here are some additional tips for closing BitMEX contracts:

• You can close a contract at any time before the expiration date.
• You can close a contract partially or fully.
• If you close a contract at a profit, you will receive the profit in your account balance.
• If you close a contract at a loss, you will lose the amount of the loss from your account balance.
• It is important to manage your risk when trading futures contracts. You should only trade with money that you can afford to lose.