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How to place and manage an order on Roxom

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Step-by-step guide to opening, monitoring, and closing futures positions.

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

Move funds to your Unified Trading Account (UTA)

Futures positions use BTC for margin and settlement. You can transfer BTC, USDC, or USDT from your Funding Account to the UTA, but only BTC can back a futures position.

If your funds are in the Funding Account, transfer them first:

  1. Go to Portfolio
  2. Click Funding Account
  3. Select: → Transfer From: Funding
  4. To: Unified Trading
  5. Choose the currency and enter the amount
  6. Confirm Transfer

Transfer modal showing transfer between Funding and Unified Trading accounts

Transfer modal, move funds between your Funding Account and Unified Trading Account.

Select a contract

  1. From the main navigation, open the Futures section.
  2. Use the search bar on the top to find the perpetual contract you want to trade (for example, GOLD-BTC, US500-BTC).

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 B

See all order types and how they work in the Order Types & Execution Rules section of our Rulebook.

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

Click Confirm to place your order.

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

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.

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

How to set take profit and stop loss

Open article

How do I view my open orders in Futures

Open article

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