How to close all positions at once on Binance?

Understanding Position Management on Binance

1. Binance offers traders the ability to manage multiple positions across various trading pairs, particularly in futures and margin trading. When market conditions shift rapidly, closing all positions at once becomes a critical action to limit exposure. Traders often hold positions in different assets such as Bitcoin, Ethereum, and altcoins, each with varying leverage and entry points. Managing them individually can be time-consuming and risky during high volatility.

2. The platform supports both isolated and cross-margin modes, which influence how positions are settled. In isolated margin, each position has its own dedicated margin, while cross-margin uses the entire wallet balance to support open trades. Understanding these modes helps determine the implications of closing all positions simultaneously, especially in terms of liquidation risks and fund distribution.

3. Binance’s interface includes tools designed for quick execution. While there is no single button labeled “Close All Positions,” users can achieve the same outcome through strategic use of order types and interface shortcuts. This functionality is particularly useful during sudden market downturns or when rebalancing a portfolio.

4. Risk management is a core principle in cryptocurrency trading. Closing all positions might be part of a broader strategy to preserve capital, especially after reaching profit targets or during uncertain macroeconomic events. Automated alerts and third-party tools can assist in executing bulk closures, though direct platform features remain the most reliable method.

5. It is essential to verify the status of each position before initiating closures. Open orders, pending take-profits, or stop-losses may interfere with the intended outcome. Canceling these orders beforehand ensures a clean exit and prevents partial fills or unexpected trades after closure.

How to Close All Positions Using the Futures Interface

1. Log in to your Binance account and navigate to the Futures trading section. Select either USDT-margined or coin-margined futures, depending on where your positions are held. The layout will display all active positions at the bottom of the trading interface.

2. Locate the “Positions” tab, which lists every open trade with details such as entry price, unrealized P&L, leverage, and current market price. Each position has a “Close” button adjacent to it. Clicking this button opens a market or limit order window to exit the trade.

3. To close a position immediately, select “Market” as the order type and confirm the transaction. This executes a sell (for longs) or buy (for shorts) order at the best available price. Repeat this process for each open position to close them one by one.

4. For faster execution, consider using the “Close All” feature available in the advanced settings of the Futures interface. This option may appear as a small icon or dropdown menu next to the position list. Activating it sends market orders for all open positions simultaneously.

5. After initiating the closures, monitor the “Orders” and “Trade History” sections to confirm execution. Delays can occur during high market activity, so verifying completion is crucial. Funds will be credited back to your futures wallet once all positions are settled.

Using API for Bulk Position Closure

1. Advanced users can leverage Binance’s API to automate the process of closing all positions. By creating a custom script in Python or another supported language, traders can send simultaneous close orders to all active futures contracts.

2. To begin, generate API keys from the Binance user settings with trading permissions enabled. Ensure that IP restrictions are applied for security. The API endpoint for futures position closing is typically /fapi/v1/order, requiring parameters such as symbol, side, type, and quantity.

3. A script can fetch the list of open positions using the /fapi/v2/positionRisk endpoint, filter those with non-zero positions, and iterate through them to place market sell or buy-back orders.

4. Rate limits must be considered when sending multiple requests. Binance allows a certain number of requests per minute, so implementing delays between calls prevents errors. Testing the script in a testnet environment is recommended before using it on live funds.

5. API-based closure is especially useful for traders running algorithmic strategies or managing large portfolios. It reduces human error and ensures rapid execution during fast-moving markets, providing a level of control not available through the standard web interface.

Common Questions About Closing Positions on Binance

Can I close all my margin positions at once?Yes, in the margin trading section, you can manually close each position using the “Repay” or “Sell” function. While there’s no direct “Close All” button, you can streamline the process by switching to cross-margin mode and exiting positions sequentially.

What happens to my unrealized P&L when I close a position?Unrealized profit or loss becomes realized once the position is closed. The amount is immediately credited or debited from your futures wallet balance, affecting your available margin for future trades.

Does closing all positions cancel open orders automatically?No, open limit or stop-loss orders remain active even after closing a position. You must manually cancel these orders through the “Open Orders” tab to prevent unintended executions.

Is it possible to close positions using the Binance mobile app?Yes, the Binance mobile app allows users to close individual futures positions by tapping the “Close” button on each trade. However, bulk closure functionality is limited compared to the desktop version, requiring manual action for each position.