How to place and manage an order on Roxom

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.

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Move funds to your Unified Trading Account (UTA)

You can only trade with BTC in your Unified Trading Account (UTA). You can transfer BTC, USDC, or USDT from your Funding Account to the 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. Choose the currency and enter the amount
6. Confirm Transfer

This internal transfer is instant and free of charge. If you transferred USDC or USDT, you must sell them for BTC using One-Click Trade (Swap) before you can open positions.

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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.

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Choose your order type

In the order panel, select your order type:

Order Type	Description
Limit Order	Set your own price; the order executes at that price or better.
Market Order	Executes immediately at the best available price.
Stop-Limit Order	Triggers a limit order once the stop price is reached. Useful for setting controlled entries or exits.
Stop-Market Order	Triggers 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

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.

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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.

Always review your order details carefully before confirming.

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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

New to margin? Start with How margin works on Roxom. For deeper details, see the Margin & Risk section of our Rulebook.

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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.

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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.

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Closing a position

To exit your position, you have several options:

Method	Description
Market close	Sell (if long) or buy (if short) at the current market price.
Limit close	Place an opposite limit order at your desired price.
Partial close	Reduce your position size without closing the entire position.

You can close your position fully or partially using either market or limit orders.

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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.

This content is for informational purposes only and does not constitute investment advice. Trading digital assets involves significant risk, including the potential loss of your entire investment. Please review our Risk Notice before trading.

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