Perennial V1
HomeApp
  • Introduction to Perennial
  • Overview
  • Position Management (Takers)
    • Choose a Market
    • Opening Positions (Arbitrum)
    • Adjusting Positions (Arbitrum)
    • Closing Positions (Arbitrum)
    • Considerations
    • ETH Mainnet Walkthroughs
      • Opening and Adjusting Positions (Mainnet)
      • Closing Positions (Mainnet)
  • LPs (Makers)
    • Vaults
    • Using Vaults (depositing & withdrawing)
    • Advanced liquidity provisioning
    • Considerations
    • Risk Management
  • Mechanism
    • Market Structure
    • Payoff
    • Positions & Pricing
    • Settlement
    • Maintenance (& Leverage)
    • Funding Rate & Utilization Curve
    • Profit and Loss
    • Fees
    • Liquidations
    • DSU
  • Developers
    • Building on Perennial
    • Considerations
    • Contract Interfaces
    • Deployed Contracts
    • Using Testnet (v4.0)
  • Architecture
    • Contracts
    • Audits & Bug Bounty
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On this page
  • Start here
  • Updating Collateral, Amount, and/or leverage
  • Confirm position changes
  • Congratulations! Your position has been updated
  1. Position Management (Takers)

Adjusting Positions (Arbitrum)

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Last updated 2 years ago

If a user already has a position open, follow this flow.

Start here

Suppose you have this position open...

The Collateral and Amount data is currently uneditable.

Update Position — click to edit collateral or amount and update the position

Close Position — fully closes position (sets collateral & amount to 0)

Updating Collateral, Amount, and/or leverage

Start by clicking the update position button to make the parameters editable.

Enter in new position data. These numbers represent the new position. The UI will autocalculate the difference between your current position and the new position you are requesting to open.

To reset the values or return to the current view of the position, simply click "Cancel." This will take you back to the uneditable state.

Confirm position changes

A pop up to confirm the changes will appear.

Congratulations! Your position has been updated

Under P&L, a tooltip will show the average entry price across the lifetime of the position.

This differs from the "Entry price" which shows the entry price of the latest postition change.

Once again, the position is now in a Pricing state. This is necessary to prevent frontrunning. The position will be fully modified and eligible for Profit and Loss after the next oracle update. For more information, see the .

Settlement section