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Closing a Position

When you close a position, your PnL is settled and your collateral (plus or minus profit/loss) is returned to your wallet.

How to Close​

  1. Find your position in the Active Positions panel
  2. Click Close
  3. Review the estimated PnL and borrow fee
  4. Sign the transaction in your wallet

What You Receive​

Long position:

PnL = size × (close_price - entry_price) / entry_price

Short position:

PnL = size × (entry_price - close_price) / entry_price

Your payout:

payout = collateral + PnL - borrow_fee

If your PnL is negative (loss), it's deducted from your collateral. The borrow fee is always deducted.

Borrow Fee​

The borrow fee compensates LPs for locking their liquidity to back your position. It is calculated from a cumulative market index based on:

  • Your position size
  • How long the position was open
  • Pool utilization over time
  • Long/short imbalance over time

The borrow fee is deducted from your payout when closing. The close confirmation shows the current estimate, and the on-chain validator caps the maximum fee that can be charged.

Automatic Closing​

Positions can also be closed automatically:

  • Liquidation: If the price hits your liquidation price, your position is automatically closed. See Liquidation.
  • Take-Profit / Stop-Loss: If you set TP/SL levels, Atlas closes your position when the target is reached. See TP/SL.

To reduce only part of a position or adjust collateral, see Managing a Position.