# Futures

## Why choose Backpack for futures trading?

* **Unified Cross-Margin Account**
* **Competitive trading fees** 
* **Passive Yield from Auto Lending**

## Trading Futures on the Web

* **Deposit funds into your exchange account (crypto or fiat).**
  * [Crypto Deposits](/exchange/deposit-and-withdraw/crypto/deposit.md#how-to-deposit)
  * [Fiat Deposits](/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire.md)
* **Navigate to the Futures Trading section**
  * Select your desired trading pair (e.g., SOL-PERP)
  * Choose the trading direction (Buy/Sell)
* **Select the** [**order type.**](/exchange/trading/order-types.md)
* **Enter the required parameters**
  * Price
  * Quantity
  * ... (and other necessary parameters)
* **Optional settings**
  * **Post Only**: Ensures your order is placed as a maker order and does not take liquidity.
  * **IOC (Immediate or Cancel)**: Executes the order immediately as much as possible; any unfilled portion is canceled. Suitable for quick entries and exits.
  * **Reduce Only**: Ensures your order will only reduce your existing position and will not open a new position or increase the size of the current position.
  * **TP/SL (Take Profit/Stop Loss)**: Sets predefined price levels at which your position will be automatically closed to lock in profits (TP) or limit losses (SL).
  * ... (and other Optional settings)
* **Submit the order.**

## Trading Futures on Mobile

* **Deposit funds into your exchange account (crypto or fiat).**
  * [Crypto Deposits](/exchange/deposit-and-withdraw/crypto/deposit.md#how-to-deposit)
  * [Fiat Deposits](/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire.md)
* **Navigate to the Futures Trading section**
  * Select your desired trading pair (e.g., SOL-PERP)
  * Choose the trading direction (Buy/Sell)
* **Select the** [**order type.**](/exchange/trading/order-types.md)
* **Enter the required parameters**
  * Price
  * Quantity
  * ... (and other necessary parameters)
* **Optional settings**
  * **Post Only**: Ensures your order is placed as a maker order and does not take liquidity.
  * **IOC (Immediate or Cancel)**: Executes the order immediately as much as possible; any unfilled portion is canceled. Suitable for quick entries and exits.
  * **Reduce Only**: Ensures your order will only reduce your existing position and will not open a new position or increase the size of the current position.
  * **TP/SL (Take Profit/Stop Loss)**: Sets predefined price levels at which your position will be automatically closed to lock in profits (TP) or limit losses (SL).
  * ... (and other Optional settings)
* **Submit the order.**

## Frequently Asked Questions

<details>

<summary>How can I view the PnL of a specific position?</summary>

* On the **Order** page or the **Portfolio** page, locate the open position you want to review.
* Hover your mouse over **“PnL (ROI)”** to see how PnL is calculated under different price benchmarks and the corresponding amounts.

<figure><img src="/files/HktClYfV0pyGe8e0XJVR" alt=""><figcaption></figcaption></figure>

* Hover over the numbers below to view the **Open PnL**, **Closed PnL**, and the **All Time PnL** for that position.

<figure><img src="/files/Vj1yWggk8aBKhg4KHUal" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary>How to correctly set take-profit and stop-loss orders for open positions</summary>

On the **Order Placement** page or the **Portfolio** page, locate the open position you want to manage and click the **Settings** button under the **TP/SL** tab.

* **For closing the entire position:**
  * Select **“Entire Position.”**
  * From the dropdown menu, **set the benchmark for the trigger price.**
  * Enter the trigger prices for take-profit and stop-loss, then click **Confirm** to complete the **TP/SL market order** setup.
  * **If you prefer a limit order trigger**, check **“Limit Price,”** fill in the required parameters, and then click **Confirm.**

<figure><img src="/files/Lj0WTAmjAgLCWVPBKfiW" alt=""><figcaption></figcaption></figure>

* **For partially closing a position:**
  * Select **“Partial Position.”**
  * Manually input or drag the slider to set the **quantity** you want to close.
  * From the dropdown menu, **set the benchmark for the trigger price.**
  * Enter the trigger prices for take-profit and stop-loss, then click **Confirm** to complete the **TP/SL market order** setup.
  * **If you prefer a limit order trigger,** check **“Limit Price,”** fill in the required parameters, and then click **Confirm.**

<figure><img src="/files/rxvbrRHlEnipDOclI0xi" alt=""><figcaption></figcaption></figure>

For more details on TP/SL, please refer to [the documentation here.](/exchange/trading/order-types/take-profit-and-stop-loss.md)

</details>

<details>

<summary><strong>How can I view  and export my trading history?</strong></summary>

**Completed Order History**

* Go to **Portfolio** → under the **Trades** tab, select **Fills**.
* From the dropdown menu on the right, choose the corresponding token to view completed orders.
* Hover your mouse over **“13 Days Ago”** to see the exact completion timestamp of the order.
* If you need to export data for analysis, click the cloud icon under **Export**.

<figure><img src="/files/4plYyuqLENIwTN59Q9Qp" alt=""><figcaption></figcaption></figure>

***

**Order Placement History**

* Go to **Portfolio** → under the **Trades** tab, select **Order History**.
* From the dropdown menu on the right, choose the corresponding token to view your order placements and the price levels at which they were submitted.
* Hover your mouse over **“13 Days Ago”** to see the detailed timestamp of the order placement.
* If you need to export data for analysis, click the cloud icon under **Export**.

<figure><img src="/files/9orrMk4pEb6HHbrMDo8o" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary><strong>How to view my liquidation history?</strong></summary>

please visit [https://backpack.exchange/portfolio/futures/liquidations](https://backpack.exchange/portfolio/futures/liquidations?utm_source=chatgpt.com)

</details>

{% hint style="info" %}

### **👉**[**Learn more about Futures**](/technical-docs/trading/futures-specs.md)

{% endhint %}


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