Skip to main content
Follow this step-by-step guide to open, monitor, and close a futures position on Roxom with real examples from the platform.

Move BTC to your Unified Trading Account (UTA)

You can only trade with BTC that’s in your Unified Trading Account (UTA). If your funds are in the Funding Account, transfer them first:
  1. Go to Assets
  2. Click Funding Account
  3. Select: → Transfer From: Funding
  4. To: Unified Trading
  5. Enter the BTC amount
  6. Confirm Transfer
Image
This internal transfer is instant and free of charge.

Select a contract

  1. From the top menu, go to Trade → Futures.
  2. Pick the contract you want to trade from the list (e.g., GOLD-BTC, US500-BTC).
All Roxom futures trade 24/7. However, some underlyings (like equities or commodities) have their own market hours. When the underlying market is closed:
  • The underlying price (numerator) is frozen at its last available value.
  • Bitcoin (the denominator) keeps trading continuously.
  • As a result, the contract price (e.g., US500/BTC) can still move because BTC keeps moving, even if the underlying itself is not updating.
See behavior during underlying market closures in our Rulebook.

Choose your order type

In the order panel, select your order type:
Order TypeDescription
Limit OrderSet your own price; the order executes at that price or better.
Market OrderExecutes immediately at the best available price.
Stop-Limit OrderTriggers a limit order once the stop price is reached. Useful for setting controlled entries or exits.
Stop-Market OrderTriggers a market order once the stop price is reached. Often used for stop-loss or breakout strategies.
Then configure your order:
  • Side: Long (Buy) or Short (Sell)
  • Leverage: Up to 10x
  • Quantity / Value: You can enter either:
    • the number of contracts you want to trade, or
    • the order value in BTC
Image See all order types and how they work in the Order Types & Execution Rules section of our Rulebook.
Leverage and Risk: Higher leverage means you control a larger position with the same margin, which increases both potential profits and potential losses. With more leverage, your Margin Ratio will rise faster as the market moves against you, bringing your position closer to liquidation.

Confirm and submit your order

Before your order is sent, you’ll see a confirmation window showing:
  • Entry price
  • Size & leverage
  • Estimated liquidation price
  • Fees
Order confirmation window showing order details, leverage, estimated liquidation price, and fees Click Confirm to place your order.
Always review your order details carefully before confirming.

Monitor your position

Once active, your position appears in the Open Positions panel at the bottom of the trading interface. Here you can track:
  • Unrealized PnL: Your floating profit/loss
  • Margin Ratio: Your current risk level
  • Liquidation Price: Price at which your position will be closed automatically
  • TP/SL: Your configured Take Profit and Stop Loss orders
Understand margin ratio, liquidation, and how to manage risk in the Margin & Risk section of our Rulebook.

Set take profit and stop loss

You can set Take Profit (TP) and Stop Loss (SL) orders directly on your open positions to automate your exit strategy.
  1. In the Open Positions panel, click Add in the TP/SL column
  2. Enter your Take Profit price and/or Stop Loss price
  3. Select the amount of your position to close
  4. Click Confirm
When the market reaches your trigger price, a market order is automatically placed to close your position.
You can edit or remove TP/SL orders anytime from the same modal in Open Positions. You can also view and cancel them from the TP/SL tab in Open Orders.
See the complete guide on setting TP/SL in How to set take profit and stop loss.

Understanding PnL and UPNL

UPNL (Unrealized Profit and Loss)

Your current profit or loss on an open position, based on the difference between the Mark Price and your Entry Price. For long positions:
UPNL = (Mark Price − Entry Price) × Position Size
For short positions:
UPNL = (Entry Price − Mark Price) × Position Size
This value changes in real time as the market moves.

PNL (Realized Profit and Loss)

The final profit or loss after a position is closed, including trading fees and funding payments.

Closing a position

To exit your position, you have several options:
MethodDescription
Market closeSell (if long) or buy (if short) at the current market price.
Limit closePlace an opposite limit order at your desired price.
Partial closeReduce your position size without closing the entire position.
You can close your position fully or partially using either market or limit orders.

Tips

Trading hours: Always check the contract’s trading hours if it’s tied to a traditional market.Funding times: Keep funding times in mind. If you hold a position at the funding timestamp, you may pay or receive BTC. Learn when funding happens and how it’s calculated in the Funding Payments section of our Rulebook.

Last modified on March 4, 2026