Futures Hedge Mode on WhiteBIT

There are currently two futures positions modes on WhiteBIT.

Hedge Mode is an advanced futures trading feature that allows traders to hold both long and short positions simultaneously on the same trading pair.

One-way mode works similarly to any traditional market trading whereby traders are only limited to hold position in one direction under the same market. This mode is set as default.

Unlike the traditional one-way mode – where opening a new position in the opposite direction automatically closes the existing one – hedge mode provides greater flexibility for managing risk, executing complex strategies, and reacting to market volatility. In this article, we’ll explore how hedge mode works on WhiteBIT exchange.

Accessing and Switching Hedge Mode

Traders can access Hedge Mode through several entry points such as trading terminal and API.

It is possible to switch mode in several ways as well:

  • Account settings → General;
  • Trading terminal window → Info block;
  • API endpoint.

Please note that switching between one-way mode and hedge mode is possible if:

  • You have no open futures orders;
  • You have no open futures positions.

If the mode doesn’t switch instantly after closing all the positions and orders, give it about 15 seconds and try again.

If you have Hedge Mode enabled, the order/position creation form in the trading terminal changes. At the top of the form, you can see two options: 

  • Open; 
  • Close.

*These options are only available in the right layout. They are not shown in other layouts.

Depending on the selected designation, the order’s colours and actions are adjusted accordingly.

1. Option “Open”:

  • Open (Long) → to open or increase the Long position.
  • Open (Short) → to open or increase the Short position.

2. Option “Close”:

  • Close (Long) → to close or decrease the Long position.
  • Close (Short) → to close or decrease the Short position.

A trader can hold up to two positions simultaneously on the same market when Hedge Mode is enabled (Long and Short).

If TP/SL is triggered on one of the opposing positions for the same market, the other position remains unaffected.

History

You can review your activity in several places:

  1. Trading Terminal: Long and short positions are displayed separately.
  2. History page → Positions: The trading mode (Hedge or One-Way) is displayed in the appropriate separate column.
  3. History page → Orders: Here you’ll also see the side: Open [Long/Short] or Close [Long/Short].

Liquidation

If the amounts of both opposing positions on the same market are exactly equal and the liquidation process began, they cannot be liquidated. At the same time, if the amounts of both opposing positions on the same market are different and the liquidation process began, both positions will be liquidated.

You can find more information about how liquidation works in the following article.

API features

Note that the changes are already available via the API.

These are 2 new methods:

  • Collateral Account Hedge Mode
  • Update Collateral Account Hedge Mode

The following endpoints have also been updated:

  • Collateral Limit Order
  • Collateral Stop Limit Order
  • Collateral Market Order
  • Collateral OCO Order
  • Collateral Trigger Market Order
  • Collateral Account Hedge Mode


You can always find detailed information at the following link: https://docs.whitebit.com/changelog/.

Support

In case of any questions related to the functionality of our exchange, you can:

  • Leave a request on our website;
  • Write to the support email: support@whitebit.com;
  • Write to the chat using the button in the lower right corner of the screen (in the upper right corner of the WhiteBIT app, click ).

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