Close Custom Amount is a feature that allows users to partially close an open position, providing flexibility in managing their trades.

Close Custom Amount helps users manage market risk by reducing exposure and allows them to realize part of the profits while keeping the rest of the position open for potential further gains.

The closing price will be based on the Best Bid/Ask Price. Example: If the user is using Instant Flip for a Long position, the exit price will be the Best Bid Price.

No. The entry price of the position will remain the same.

Open interest decreases when a user closes a position.

Open Interest information can be found on the Contracts page.

Funding fees are periodic payments made between users holding long and short positions in a perpetual futures contract. These fees ensure the contract’s price closely tracks the underlying asset’s market price.

Funding fees are typically charged every 8 hours in perpetual swap contracts. However, the frequency can vary between contracts, so it is advisable to check the Contracts page for specific details.

Funding rates are calculated using the following formula: Interest Rate (I) = (Interest Quote Index – Interest Base Rate) / Funding Interval Interest Quote Index = The interest rate for borrowing the quote currency Interest Base Index = The interest rate ...Read more

Funding fees are calculated using this formula: Funding Fee = Notional Value of Positions * Funding Rate Notional Value of Positions = Quantity of Contract * Mark Price