ManekoraClosing and the keep curve
Close any position at any time, on its own or with others in one transaction.
The exit price
A close fills like an open: at the mark when the house keeper fills it, about 5 seconds (default) after you ask, with no spread. Your price protection applies: if the mark moves past it first, the close is cancelled and the position stays open. While a close waits, its row shows "Closing". See how orders fill.
Any time, one or many
There is no minimum time: you can ask to close a position right after it opens. "Close all" asks to close every position in one transaction; each one then fills, or is cancelled, on its own. A close can't be called off once asked.
The keep curve
A winning trade keeps a share of its profit that depends only on the size of the price move, not on leverage or size. Small moves keep little, large moves keep up to 90%, and what isn't kept stays in the pool. Losses are never scaled.
| Price move | ETH keeps | BTC keeps |
|---|---|---|
| 1 bp | 16.3% | 21.4% |
| 2 bp | 32.2% | 39.5% |
| 5 bp | 55.1% | 62.0% |
| 10 bp | 69.0% | 73.9% |
| 20 bp | 78.3% | 81.3% |
| 50 bp | 85.0% | 86.4% |
| 1% | 87.4% | 88.1% |
| 2% | 88.7% | 89.1% |
An example
100 Blood at 50× is a 5,000 notional ETH long. It fills at a mark of 2,500.00, so it enters at 2,500.00. Ten minutes later its close fills at a mark of 2,550.00: a 2% move with a raw profit of 100.00. It keeps 88.7%, so the Maneki gains 88.70 Blood, and 11.30 stays in the pool.
Losses and Energy
A losing close removes the loss from Blood, capped at the position's margin, and mints the same amount of Energy.