Managing Positions & Settlements
Once your order is filled, you have an open position. This page explains how to track, manage, and close your positions.
Open Positions
After a buy or sell order fills, the position appears in the Open Positions tab at the bottom of the trading page.
Each position shows:
| Field | Meaning |
|---|---|
| Instrument | The binary option contract (e.g., BTC-2MAR26-58000-C) |
| Side | Whether the underlying asset price will go up (long) or down (short) |
| Direction | Whether the contract is a BUY or SELL position |
| Quantity | The number of contracts opened |
| Avg Price | The average price at which you entered |
| Market Value | What the position is worth now based on current market prices |
| Unrealized PnL | Your unrealized profit or loss |
Screenshot of the Open Positions tab showing positions with P&L values.
For the current value calculation, we will take mid price if available else next available bid/ask price, and if the former two prices are not quotable we will use last transacted price.
How Binary Settlement Works
Binary options settle automatically at their expiry time. You don't need to do anything.
At Expiry
The platform checks the underlying crypto price against the strike price:
- If the price is above the strike: The contract settles at $1.00 per contract
- If the price is below the strike: The contract settles at $0.00 per contract
What This Means for You
| Your Position | Price Above Strike | Price Below Strike |
|---|---|---|
| Bought contracts | You receive $1.00 per contract (profit!) | You receive $0.00 (loss) |
| Sold contracts | You owe $1.00 per contract (loss) | You owe $0.00 (profit!) |
You bought 50 contracts at $0.40 each ($20 total cost). At expiry, BTC is above the strike price. Each contract settles at $1.00, so you receive $50. Your profit is $50 - $20 = $30 (minus fees).
After Settlement
- Settled positions are removed from your Open Positions tab
- Settlement proceeds (or losses) are applied to your Binary Wallet balance
- Settlement details appear in the Settlement History tab
Closing a Position Early
You don't have to wait for expiry. You can close a position at any time by placing an opposite order:
- To close a bought position: Sell the same quantity of the same contract
- To close a sold position: Buy the same quantity of the same contract
Use Reduce Only mode when closing positions. This ensures you don't accidentally open a new position in the opposite direction.
Tracking Your Activity
The tabs panel at the bottom of the trading page provides several views:
| Tab | What It Shows |
|---|---|
| Balance | Your wallet balances across all wallet types |
| Open Orders | Limit orders waiting to be filled (can be cancelled) |
| Open Positions | Currently active positions with live P&L |
| Order History | All orders you've placed (filled, cancelled, expired) |
| Trade History | All executed trades with exact prices and quantities |
| Settlement History | Settled contracts with final outcomes |
| Transfer History | Transfers in your binary wallet |
| Funding History | Deposits and withdrawals to/from the blockchain |
Screenshot of the tab bar showing all available tabs.
Position Detail Modal
Click on any position in the Open Positions tab to view full details including:
- Complete position data with precise timestamps
- Entry price and current market price
- Unrealized P&L with percentage
- Settlement status
Real-Time Updates
Positions update in real-time via WebSocket:
- New fills appear as new positions or update existing ones
- Price changes in the order book update your unrealized P&L
- Settlements automatically remove positions and credit your balance
You never need to refresh the page. All updates happen automatically.