XT.COM perpetual contract supports hedge mode, which means users can hold long and short positions simultaneously under one contract.
What are the position modes?
1. One-way mode
In the one-way position mode, a contract is only allowed to hold positions in one direction.
2. Hedge mode
In XT.COM contract transactions (including USDT-M contracts and Coin-M contracts), users can hold both long and short positions on one contract at the same time, and we support the independence of both leverages. In each contract, all long positions are combined and all short positions are combined. When in the hedge mode, the long and short positions need to occupy the corresponding margin according to the risk limit leverage.
For example, in the BTC/USDT perpetual contract, users can open a long position of 25x, and can also open a short position of 50x.
In the hedge mode, users can hold buy and sell positions in both long and short directions in the same contract. Therefore, the operation of opening and closing positions in this mode is slightly different from that of one-way mode. To open a position, you must select "Open Position" before placing an order. Conversely, to close a position, select "Close Position".