Getting started with Bitsgap Futures Trading Interface

Considering the volatile nature of crypto trading, it is essential to have access to up-to-date and accurate information about open positions, orders, and trading history. This becomes even more important when it comes to futures trading, where the slightest slip-up can lead to significant losses.

Bitsgap has arranged the tabs on the futures Trading page so that you get all the necessary information about your futures positions and easily adjust your strategy.

In this article, you will find a detailed description of all tabs and features available on the Bitsgap trading terminal.

Positions tab

The “Positions" tab displays current open futures positions and detailed information about them. The data allows traders to analyze their current positions, assess risks, and make informed decisions about further actions.

Under the “Positions" tab, you can find the following:

1. Symbol - the selected futures contract and the position leverage, direction (Long or Short) and type (bot or manually opened).
2. Size - the position size considering the leverage.
3. Entry price - the price at which the position was opened.
4. Mark price - the estimated true value of the contract.
5. PNL & ROE - the current position performance in absolute and percentage values.
6. Liquidation price - the estimated price at which your position can be liquidated by the exchange.
7. Margin ratio - the ratio of margin collateral funds for maintaining the position to the available balance. The Margin ratio can be used to determine the liquidation status of the position. If the ratio reaches 100%, your position will be liquidated.
8. ADL - the Auto-Deleveraging (ADL) indicator. ADL is a mechanism for the liquidation of counterparty positions during extreme market conditions. If the risks of liquidating your position are increasing, the ADL indicator will gradually light up.
9. Margin - the margin allocated to the open position and the margin mode (Cross or Isolated).

Positions tab actions

The following actions can be carried out via the "Positions" tab:

1. Setting up or changing Take Profit (TP) and Stop Loss (SL) for a position.

TP and SL orders can help you exit the market and lock in some profit or limit potential loss. Under the “Positions” tab, you can add, change, or remove Take Profit and Stop Loss for the manually placed positions or the positions left by the closed bots.

Note
The TP/SL editing option is unavailable for the positions of your active futures bots.

If you want to learn more about how SL and TP work for manual futures trading, then we suggest you visit our article - Stop Loss and Take Profit for Manual Futures Trading.

2. Closing a position.

There are two possible closing options - by placing a Market or Limit order. They are available for the manually placed positions or the positions left by the closed bots.

• The [Market] option will close your position at the current market price immediately.
• While the [Limit] option can be used to exit the market at a chosen price level.

Open orders tab

The "Open orders" tab provides access to the list of all active orders. Here you can get information about the order type, its value, date and time of creation, as well as other important information. With this tab, traders can control the execution of their orders, as well as make necessary changes to those orders at any time.

The “Open orders" tab contains the following:

1. Symbol - the selected futures contract.
2. Side - the side of your order (Buy or Sell).
3. Type - the order type (bot or manually placed).
4. Price - the price at which your order will be filled.
5. Amount - the full order size amount in the base currency.
6. Filled - the percentage of your order completion.
7. Reduce Only - if the “Reduce Only” option is activated for the order (Yes or No). Reduce Only orders are used only to close a position or decrease its size.
8. Margin mode - the selected margin type (Cross or Isolated).
9. Date - the date and time when the order was placed.

Open orders tab actions

The following actions can be carried out via the “Open orders" tab:

1. Viewing more details about bot orders.

When checking the “Open orders" tab, you can get the basic information about your futures bot orders. Clicking the [View more] button in the “Side” column will open the list of all bot orders with detailed information about them. With the [View less] button, you can minimize the list to the original view.

2. Cancelling an order.

Under the “Open orders” tab, you can close any manually placed orders. To do that, click on the [Cancel] button next to it and click [Yes].

Note
There is no option to cancel bot orders manually. The only way to cancel the orders placed by your bots is to close the bot on the Bots page.

Order History tab

The “Order History” tab shows all completed and canceled orders along with comprehensive details about them.

Under the “Order History" tab, you can find the following columns:

1. Date - the date and time when the order was completed or canceled.
2. Symbol - the selected futures contract.
3. Side - the side of your order (Buy or Sell).
4. Type - the order type (Limit, Market, Stop-Limit, Stop Market, etc.).
5. Price - the set price of your order. This is the price that you selected for your order to be filled at.
6. Average price - the actual price at which your order was filled.
7. Amount - the full order size amount in the base currency.
8. Filled - the percentage of your order completion.
9. Reduce Only - if the Reduce Only option was activated for the order (Yes or No). Reduce Only orders are used to close a position or decrease its size.
10. Status - the order status indicating the actions taken in relation to your order:
    - Filled - the order was completed successfully.
    - Filled Partial - the order was completed partially.
    - Expired - the order was canceled by the exchange (liquidation, failed margin check, etc.).
    - Canceled - the order was canceled manually by you.

Trade history tab

The “Trade history” tab contains data about executed orders and additional information on the results of your positions, including the trading fees and realized PNL.

Under the “Trade history" tab, you can see the following:

1. Date - the date and time when the order was completed.
2. Symbol - the selected futures contract.
3. Side - the side of your order (Buy or Sell).
4. Price - the price of your order.
5. Amount - the order size in the base currency.
6. Fee - the exchange trading fee charged for filling your order.
7. Realized PNL - the result of filling the order. The “Realized PNL” metric is calculated based on the orders opening and closing the position. Positive PNL (green) means that the order generated some profit, and your position was closed with a positive result. While Negative PNL (red) means that filling the order resulted in a loss.

Transactions history tab

The "Transactions history" tab displays the trading events that increase or reduce your futures balance, as there are various reasons why the balance could fluctuate.

Under the “Transactions history" tab, you can see the following:

1. Date - the date and time of the transaction.
2. Type - the transaction type (Funding Fee, Realized PNL, Commission, Transfer).
3. Amount - the amount of the completed transaction.
4. Asset - the currency in which the transaction was processed.

The tabs on the futures Trading page are a helpful tool that allows tracking and managing open futures positions and orders and provides comprehensive information about filled orders and closed positions. Using these tabs, you can analyze your trading performance and evaluate its impact on your balance to make informed trading decisions.