> ## Documentation Index
> Fetch the complete documentation index at: https://docs.perpetradex.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Managing Positions

> Open, monitor, and close perpetual positions.

Your active positions live in the **Positions** tab. Each row shows size, entry, mark price, unrealized PnL, and liquidation price.

## Reading a Position

* **Symbol** — The market (e.g. BTC-PERP)
* **Size** — Quantity; positive = long, negative = short
* **Entry** — Average price you opened at (including fees)
* **Mark Price** — Reference price for PnL and liquidation
* **Unrealized PnL** — Profit or loss if you closed now
* **Liquidation Price** — Price at which you get liquidated

<Info>
  Mark price is derived from index (spot) and funding—not just last trade. That reduces manipulation risk and unnecessary liquidations from wicks.
</Info>

## Adding to a Position

Place a new order in the same direction. Your average entry updates to a volume-weighted average. Leverage applies to the total position, not per trade.

## Reducing a Position

Place an order in the opposite direction, or use **Close** for a market close. You can close partially—e.g. close half your long to lock in some profit.

<Tip>
  Use reduce-only orders when closing to avoid accidentally opening a position the wrong way.
</Tip>

## Realized vs Unrealized PnL

* **Unrealized** — PnL on open positions. Changes with mark price.
* **Realized** — PnL from closed trades. Moves to your balance after settlement.

You need to **settle PnL** before withdrawing profits. Settlement matches your realized PnL against opposing accounts on-chain. Until then, profits are "unsettled" and not withdrawable.

## Liquidation

If your margin ratio falls below maintenance, your position gets liquidated. Liquidators take over at a discount; you lose the remaining margin on that position.

Stay above maintenance margin. The UI shows your liquidation price—keep an eye on it, especially in volatile markets.

See [Liquidations](/reference/liquidations) for the full mechanics.