Position Management
Last updated
Last updated
We account the open positions per asset (not per pair). For every asset we keep track of three position values:
Current position
Max reachable position
Min reachable position
The asset in red is a short position meaning that you owe “X” amount to your counterparty
The asset in black is a long position meaning that your counterparty (CP) owes you “Y” amount
The "Current" column is the current value of each of your open positions (as well as the subtotals by counterparty and grand total at the top of the list) in USD.
As USD is the base currency of our platform, the value of assets you hold is reassessed against USD every 15 minutes. For instance, if you hold BTC as collateral, its value may fluctuate throughout the day to maintain the limit in USD. Consequently, your liquidity provider and the system may request you to top up the account.
On the screenshot above,
#4 points to the standing amount of one asset with a given counterparty (CP). As you can see, it has two values:
The amount of the asset itself (e.g. BTC) - it doesn't change as the market moves
One is the asset's mark-to-market USD value
#5 points to a subtotal of all positions vs a CP (calculated as the arithmetic sum of all your long and short positions with this CP valuated in USD)
It represents the maximum/minimum position, taking into account uncommitted settlement transactions.
Example: The current position is 0 BTC. You have an incoming uncommitted settlement transaction for 10 BTC and an outgoing uncommitted settlement transaction for 5 BTC.
• If the incoming transaction is committed, the position becomes 0 BTC - 10 BTC = -10 BTC. Thus, the minimum reachable position is -10 BTC.
• If the outgoing transaction is committed, the position becomes 0 BTC + 5 BTC = 5 BTC. Thus, the maximum reachable position is 5 BTC.
The planned position takes into account all pending settlement transactions and is equal to:
0 BTC - 10 BTC + 5 BTC = -5 BTC.
"Price" is the mark-to-market value of the asset at any given moment.
"Overnight" is the overnight rate you are expected to pay for rolling your positions over. It is nominated in:
Interest paid in USD (daily rate)
APR %
Example: you are rolling a position worth $8000. The APR for this asset is 12%. In this case, the daily rate will be calculated as (8000 * 12%) / 365 = $2.63
Please refer to Non-Deliverable Trading to learn more.
Unlike ‘Current,’ the value in the ‘Planned’ column takes into account uncommitted pending settlement transactions. It can be calculated as:
Planned = maxReachablePosition + minReachablePosition - Current.
Click it to settle the selected asset with your counterparty. A "Create transaction" pop-up will appear; you will also be taken to the Settlement Transactions interface.
