Cornix allows you to configure your Position Mode when trading on Hedge-Mode supported exchanges like Binance Futures, Binance Coin-M Futures, and Bybit USDT. This setting determines whether you can hold both long and short positions simultaneously or only one direction at a time.
⚙️ What Is Position Mode?
One-Way Mode: You can open only one position (long or short) per symbol at a time. Opening a position in the opposite direction will close the existing one.
Hedge Mode: You can hold both long and short positions on the same symbol simultaneously - useful for more complex trading strategies.
⚠️ Important Note: Switching between modes requires all positions and open orders to be closed first.
How Does It Work?
Bybit USDT: Position mode is configurable per symbol, so you can set "Hedge Mode" or "One-Way Mode" for each symbol separately.
Binance Futures: Position mode is applied account-wide, so it's either "Hedge Mode" or "One-Way Mode" for all symbols.
When you configure the position mode via Cornix, it automatically updates your settings on the exchange.
However, if you change the mode manually on the exchange, it will not sync back to Cornix.
⚠️ Important Note: Setting the position mode under Cornix configuration will automatically change the mode on your account directly on the exchange. When changing it directly on the exchange it won't adjust Cornix configuration.
How to change Position Mode on your account?
🤖 You can set it through your Cornix trading bot:
Main Menu > Account Configuration > Account name > Margin > Position Mode.
🌐 Through your Web Dashboard:
Accounts > Click the account > Under 'General' scroll down to 'Account Configuration' > Position Mode > Make the desired changes > click Save.
📱 Through your Mobile App:
Menu > Accounts & Configuration > Click the account > Under 'General' scroll down to 'Account Configuration' > Position Mode > Make the desired changes > click Save.
For more information on how to change your trading preference from "One-Way Mode" to "Hedge Mode" on Binance Futures and Bybit USDT.