How Do I Use Hedge Mode (APP)

Hedge Mode is a new function available on Phemex’s Contract Trading platform. Hedge Mode allows you to keep a long and short position at the same time for your trading pair. To understand more about Hedge Mode, check out What Is Hedge Mode & Its Benefits? You can also check out How Do I Use Hedge Mode? for Phemex Web here.

Here is a step-by-step guide on how to use Hedge Mode on the Phemex App.

1. Register or make sure you are logged into your Phemex account. After you’ve logged into the Homepage of the app, tap on Contract in the middle of the bottom navigation bar.

2. Once you have navigated to the Contract Trading page, select the currency that can support Hedge Mode. For this example, we’ve selected USDT-margined Perpetual.

3. Next, navigate to the right hand side of the screen. At the top right corner, tap on the three dots for the Settings button to reveal the options.

4. Once you’ve selected tapped on it, a list of options will appear. Tap on Preferences.

5. In Preferences, tap on the second option titled Position Mode in order to select Hedge Mode.

6. Tap on Hedge Mode as your selected form of Position.

7. You can adjust the leverage for short and long according to what you would like to see. When you are done adjusting the leverage, click on Confirm.