How to Use the Close Position and Repay Functions on Binance Margin?

The "Close Position" function allows you to fully or partially exit a single cryptocurrency position (with a position value greater than 10 USDT) in your Cross Margin account. Assets locked in open orders will not be included in such a request. Any outstanding debt for that cryptocurrency will be repaid and any remaining assets will be sold into your selected token using market orders. Standard trading fees apply.

Amount Limit:

• The maximum close position amount for a single request is specified in Binance’s Trading Parameters under the column called "Maximum Market Order Amount (Margin)".

Please note: The Maximum Market Order Amount may change from time to time due to market conditions.

• The calculation of Maximum Market Order Amount (Margin) can be found in this article.
• If a direct trading pair exists between the position you want to close and the selected settlement token, the Maximum Market Order Amount of that pair applies.
  • For example, if a user wants to close a ZRO position and settle in BTC, and the ZRO/BTC trading pair exists: Binance Margin will sell ZRO into BTC directly, with the maximum close position amount is the same as the Maximum Market Order Amount (Margin) for the ZRO/BTC trading pair.
• If no direct trading pair is available, the position you want to close will be sold into USDT and then into the settlement token. In this case, Binance Margin will use the Maximum Market Order Amount (Margin) of the USDT pair as the maximum close position amount.
  • For example, if a user wants to close a ZRO position and settle in ETH, but no ZRO/ETH pair exists: Binance Margin will sell ZRO into USDT first, and sell the USDT into ETH. The maximum close position amount will be capped to the ZRO/USDT trading pair’s Maximum Market Order Amount (Margin). If the requested position size to be closed is larger than the maximum close position amount, the request will not be processed. Users may select a smaller closing ratio to proceed.

The "Close Position" function allows you to fully or partially repay outstanding debt for a single cryptocurrency position below 0 USDT in value (negative positions). Assets locked in open orders will not be included in such a request. The system will prompt you with the order of assets to be sold via Market order or Convert function to repay the remaining debt, arranged in descending order. Standard trading fees apply.

Starting from 17-06-2026, the Close Position function will enhance a “Convert” option. You can choose to use either Convert or Market order to close positions and repay debts.

The Convert function dynamically displays exchange rates based on multiple factors, including but not limited to current market conditions. As a result, the quoted rate for a Convert transaction may change in real time and may differ from prices available on other markets, including Binance Spot.

The quoted rate will be locked for a validity period for you to review and decide whether to confirm the transaction.

When the countdown expires, the system will automatically refresh the quote (up to 3 times) without any action required from you. If the automatic refresh limit is reached, you can click the [Refresh] button to manually obtain the latest quote.

In the following situations, only the Market order option will be available:

• The selected asset does not support Convert
• Some selected assets do not support Convert (the system will indicate which assets are affected; Convert remains available for the others)
• The Convert service is temporarily unavailable

"Close Position" Amount Requirements (when position value is less than 0) when using Market order:

• The maximum repayment amount from selling other assets is shown on Trading Parameters, under the column called "Maximum Market Order Amount (Margin)". This may result in your "Close Position" request being partially fulfilled, in which case you may submit multiple "Close Position" requests to fully repay liabilities for a single position.
  • For example, you have 10,000 USDT in liabilities and 30 BNB in assets. Assuming BNB price is 500 USDT, and the Maximum Market Order Amount (Margin) for BNB/USDT of 10, the maximum repayment amount from selling BNB is 10 BNB, or 5,000 USDT.
• The calculation of Maximum Market Order Amount (Margin) can be found in this article.
• For each selected asset to be sold to repay your debt:
  • If a direct trading pair exists between the debt token you want to repay and the asset to be sold, the Maximum Market Order Amount of that pair applies.
  • If no direct trading pair is available, the asset will be sold into USDT and then into the debt token. In this case, Binance Margin will use the debt token/USDT pair’s Maximum Market Order Amount (Margin) as the maximum repay amount.
  • Due to the Minimum Order Size specified in Binance ’s Spot Trading Parameters, there is a possibility that there are leftover assets of the debt token after a "Close Position" request has concluded. This is a result of having to sell slightly more assets than the residual debt due to the Minimum Order Size.

The "Close All Positions" function allows you to fully exit all Cross Margin positions. All open orders will be canceled. Any outstanding debt in your Cross Margin account will be repaid and any remaining assets will be sold into your selected token. Standard trading fees apply.

Amount Limit:

• For "Close All Positions" requests, your total assets must be below 150,000 USDT notional. If your total assets exceed 150,000 USDT, the request will not be processed. You may use "Close Position" on individual positions instead, until your total assets fall within the cap.

Large positions may require longer processing times and may experience larger slippages. 

Please note: There may be a short delay before your request to Close All Positions starts running. Please avoid making changes (placing orders, transfers and borrow/repay requests) to your Margin Account before this request is fully completed, to avoid potential losses. Once the operation starts, these actions will be automatically suspended until the request is completed.

The "Repay All Debt" function allows you to cancel all pending Cross Margin orders and fully repay any outstanding debt across all positions in your Cross Margin account.

Amount Limit：

• For "Repay All Debt" requests, the sum of your net liabilities for each position should be below 50,000 USDT notional. If it exceeds 50,000 USDT, the request will not be processed. You may use "Repay" on individual positions instead, until the sum of your net liabilities for each position falls within the cap.

Large positions may require longer processing times and may experience larger slippages. 

Please note: There may be a short delay before your request to Repay All Debt starts running. Please avoid making changes (placing orders, transfers and borrow/repay requests) to your Margin Account before this request is fully completed to avoid potential losses. Once the operation starts, these actions will be automatically suspended until the request is completed.

On Binance website:

1. Log in to your Binance account and go to [Trade] - [Margin]. Click [Cross] to switch to Cross Margin mode. 

2. Scroll down to the [Positions] tab. Click [Close Position] next to the position you’d like to adjust. 

3. [Close Position] allows you to choose what percentage of your position you wish to close, as well as the stablecoin you’d like to sell your remaining assets to. 

Scenario 1: "Close Position" for positions greater than 10 USDT in value

Scenario 2: "Close Position" for positions between 0 to 10 USDT in value

For positions between 0 and 10 USDT in value, please try BNB Convert.

Scenario 3: "Close Position" for negative positions

For negative positions, you’ll be prompted to rank, in descending order, which assets to sell first via Market orders or Convert to repay the debt. 

Choose Convert or Market order to close position.

On Binance App:

1. Log in to your Binance app and tap [Trade] - [Spot] and toggle on the [Margin] button. Select [Cross] to switch to Cross Margin mode.

2. Scroll down to the [Positions] tab and tap [Close Position] for the position you’d like to adjust.

Scenario 1: "Close Position" for positions greater than 10 USDT in value

Scenario 2: "Close Position" for positions between 0 and 10 USDT in value

For positions between 0 and 10 USDT in value, please try BNB Convert.

Scenario 3: "Close Position" for negative positions

For negative positions, you’ll be prompted to rank, in descending order, which assets to sell first via Market orders or Convert function to repay the debt. 

Choose Convert or Market order to close position.

On Binance website:

1. Log in to your Binance account and go to [Trade] - [Margin]. Click [Cross] to switch to Cross Margin mode. 

2. Scroll down to the [Positions] tab. Click [Close All] or [Repay All] to close or repay all positions. 

On Binance App:

1. Log in to your Binance app and tap [Trade] - [Spot] and toggle on the [Margin] button. Select [Cross] to switch to Cross Margin mode.

2. Scroll down to the [Positions] tab and tap [Repay All] or [Close All] to repay or close all positions.

Yes, the "Close Position" function works while you are in withdrawal-only mode. If you intend to close a position larger than the Maximum Market Order Amount (Margin), you can click the button and then select the closing ratio multiple times to close the desired position amount. Any outstanding debt for that cryptocurrency will be repaid, and any remaining assets will be converted into your selected stablecoin via market orders. Standard trading fees apply.