How to use PnL-Based Close All Positions?

In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users.

To help users manage multiple positions and account for profits and losses more conveniently, Binance Futures is offering the "PnL-Based Close All" function. This function allows users to set an overall Profit and Loss (PnL) target under USDⓈ-M Futures. Once the target has been reached, the system uses market orders to close all positions, without being constrained by the market order size per order, facilitating efficient multi-position PnL management.

Note: This function is currently only applicable to USDⓈ-M Futures.

How to Access PnL-Based Close All Function?

Website

1. Login to your Binance Account. Go to [Futures] - [USDⓈ-M Futures] and scroll down to your open positions. On the right side of the Position tab, click [...] and enable “PnL-Based Close All” found under “Action (Market/Limit)”.

2. Once enabled, you will find the [PnL-Based Close All] button on your Positions tab. Click on this button to close all your positions to edit your target settings.

App

1. Login to your Binance Account. Go to [Futures] and scroll down to your open positions. On the right side of the Position tab, tap [Close All] and select [PnL-Based Close All] to set your target settings.

How to Set a PnL-Based Close All Strategy?

The interface displays the overall PnL of your positions under USDⓈ-M Futures. You can set a total PnL target for these positions on both Binance website and app. Once the overall PnL reaches the target, the system will swiftly close all positions at the market price.

Notes:

• Users can select the trigger price type: mark price or last price. Choosing between unrealized PnL at the mark price or the last price determines the standard for calculating PnL and affects the timing of the trigger.
• Due to market fluctuations, exchange rates, and the gap between the executed price and the last price, the actual PnL may differ from the target PnL.

How to Adjust the Target Settings?

Note:

• Automatic cancellation mechanism: If the position of the USDⓈ-M contract is closed by other means, the running "PnL-Based Close All" strategy will be automatically cancelled.

Website

• After setting the target, click the "PnL-based Close All" title on the position to edit the target.

App

• The active strategy is displayed above the position, and you can tap on it to make edits.

How to View the Order History?

Website

• View the running and historical "PnL-Based Close All" orders in [Positions] - [Strategy] - [PnL-Based Close All].

App

• View historical orders in [Order History] - [...] - [PnL-Based Close All].