Positions and closing

Open positions are in Positions (Portfolio, the Up/Down dock, and the Compose board). Each row has one close button. Its label says what closing does.

Close buttons

Label	When	What it does
Cash out	A Split position	Sells it back to the pool at the signed bid. "You get about $X", then Confirm cash out or Keep it.
Sell	A long option or a debit package on Paradex or Derive	Sells it on the venue
Buy back	A short option, or a package opened for a credit	Buys it back on the venue
Close legs	A Paradex package that shares a contract with another open package	Closes each leg separately, reduce-only (see below)
Close	Anything with a perp leg	Closes the perp and the rest
Claim	A settled winner	See Settlement and claim

Closing on Paradex and Derive

Choose Limit (prefilled at mark), Market (reduce-only, immediate or cancel) or RFQ. Packages and Derive positions default to RFQ. Close 25%, 50%, 75% or 100%. A resting close order shows Change price and Cancel.

Close legs

Paradex nets positions per contract. If two of your spreads share a leg, the venue holds one net position for it, and closing one spread as a package could also close part of the other. Close legs closes each leg on its own, up to what this spread owns and only on the side that reduces it. The row explains it, for example: "2 of this leg is netted with your BTC 85,000/87,000 call spread on Paradex." A leg that can't be closed this way shows no button.

What you get

Closing early gets the bid, not the mid. On a fresh position the spread can be most of the difference, so holding is often cheaper than closing a position that hasn't moved.

After a close the app shows the result ("Cashed out $14.20", "Held 12h") with a replay to share. The same realized figure is used in Portfolio, Live and share cards.

Fills

Every Paradex and Derive fill made through Split is listed under Portfolio > Fills, matched to its venue order, trade or RFQ id.