How to close a position on Bybit manually?

Manually closing a position on Bybit is a straightforward process designed to give traders full control over their open trades. Whether you are dealing with isolated or cross margin positions in either perpetual or futures contracts, the interface allows precise execution based on your strategy. Understanding how to close positions manually ensures that you can lock in profits, limit losses, or adjust exposure without relying on automated triggers.

Closing a Long Position

1. Log into your Bybit account and navigate to the Contracts section where your open positions are displayed.

2. Locate the specific long position you wish to close in the 'Positions' panel, typically found at the bottom of the trading interface.
3. Click on the “Close” button adjacent to the position, which will automatically populate a sell order matching your current long size.
4. Review the order details such as price, quantity, and leverage to confirm accuracy before submission.
5. Confirm the action when prompted, finalizing the sell order and effectively closing your long exposure.

Closing a Short Position

1. Access the same 'Positions' tab under the Contracts section after logging in.

2. Identify your active short trade by checking the side (indicated as 'Short') and the contract type.
3. Press the “Close” option next to the short position, triggering a buy order equivalent to your existing short size.
4. Adjust the price if you prefer a limit order instead of market execution, depending on market conditions and slippage tolerance.
5. Submit the order and verify its fulfillment through the 'Order History' or 'Trade History' section.

Using Conditional Orders for Manual Closure

1. While not fully manual, setting a take-profit or stop-loss order can serve as a controlled exit method initiated by the user.

2. In the 'Conditional Orders' tab, create a new order linked to your open position with a trigger price aligned with your target.
3. Choose whether the order executes as a market or limit order upon activation.
4. Once the market reaches your specified price level, the system automatically closes the position according to your predefined instruction.
5. This method maintains strategic oversight while reducing the need for constant monitoring.

Managing Partial Closures

1. Traders may opt to close only a portion of their position rather than exiting entirely.

2. Instead of using the auto-generated “Close” button, manually place an order for a fraction of the total position size.
3. For example, if holding 10,000 BTCUSD contracts, submit a counter-order for 4,000 to reduce exposure incrementally.
4. Repeat this process across multiple transactions to scale out of a position based on evolving market sentiment.
5. Each partial closure updates the average entry and liquidation price dynamically, affecting remaining margin requirements.

Frequently Asked Questions

Can I close a position using the Bybit mobile app?Yes, the Bybit mobile application supports full position management. Navigate to the “Positions” tab, select the open trade, and tap “Close” to execute the exit order directly from your device.

What happens if there is insufficient liquidity when I try to close a position?In low-liquidity scenarios, market orders may experience slippage. Using a limit order gives more control over execution price but risks incomplete fills during fast-moving markets.

Is it possible to cancel a close order once submitted?If the close order has not been filled, you can cancel it from the “Open Orders” section. Once executed, the closure cannot be reversed.

Does closing a position affect my P&L immediately?Yes, unrealized P&L becomes realized the moment the position is closed. The profit or loss is credited or deducted from your wallet balance instantly.