How to close positions with conditional orders in Bybit Hedge Mode

Managing simultaneous long and short positions requires exits that target the correct side. Hedge Mode conditional orders let you set independent exit conditions and size each close by quantity or value. This guide covers the App flow and website access for eligible Tether (USDT) perpetual contracts in Bybit’s Unified Trading Account (UTA), where the feature is available. It explains position direction, trigger settings and sizing.

Key Takeaways:

• Close Conditional Orders in Hedge Mode let you set an exit for a specific long or short position.

• Market orders entered by value convert to a fixed quantity using the trigger price, so final execution value can differ.

• Reaching a trigger price activates an order but doesn't guarantee a complete fill or the same execution price.

What are Close Conditional Orders in Hedge Mode?

Close Conditional Orders are exits that activate at a selected trigger price to reduce a specific position. They separate the condition that activates an order from the order’s execution method.

In Hedge Mode, you can hold long and short positions on the same eligible contract. Close Long means selling to reduce the long position. Close Short means buying to reduce the short position. Opening the opposite side creates a separate position rather than closing the existing one.

The trigger activates either a Market or Limit order. Market execution seeks available prices; Limit execution uses your specified execution price or better. Neither the trigger nor submission alone means the position has closed.

Close Conditional Orders and Trailing Stop differ in how they establish an exit trigger.

A conditional close suits a predefined price condition. Trailing Stop suits an exit that adjusts with favorable price movement. Bybit’s Trailing Stop Order covers activation-price details and the full setup. Both methods remain subject to market execution conditions.

Choosing quantity or value for a conditional close

Quantity specifies the contract size you want to close. Value provides a sizing input rather than a guaranteed execution amount.

For Market + Value, the system converts your entered value into quantity using the trigger price. Consider this illustrative BTCUSDT example, where Bitcoin (BTC) is the underlying asset:

90,000 USDT ÷ 60,000 USDT per BTC = 1.5 BTC

The resulting quantity is subject to the contract’s permitted increments.

At submission, the quantity becomes fixed. Increasing your position afterward won’t automatically enlarge that conditional close. A change in execution price also won’t resize the submitted quantity.

For example, a complete 1.5 BTC fill at 59,000 USDT per BTC represents 88,500 USDT in execution value before fees. It doesn’t represent 88,500 USDT in realized profit. Profit depends on your entry price, direction and costs. The value input isn’t margin, realized profit or guaranteed cash proceeds.

How to place a Close Conditional Order

Before you start, make sure the feature is available to you and that you’re using UTA. You’ll need an open long or short position in an eligible USDT perpetual contract with Hedge Mode enabled. Bybit’s position-modes guide explains the settings and restrictions on switching modes. Review the quantity and value sizing options above before placing your order.

On the Bybit App, open the eligible contract’s Futures trading page. Tap the ellipsis icon above the order book, then select Trading Preferences. Check that Position Mode shows Hedge. If you need to change modes, the contract must have no open position or active orders. Select Hedge Mode and tap OK before opening the position you plan to close.

On the Bybit App

Here’s how to set up a conditional close and enter your order size manually.

1. Open the contract. Under Futures, select the eligible contract containing the position you want to close.

2. Choose Close → Conditional. Use the closing controls rather than the opening controls. This distinction matters when you hold both position directions.

3. Enter Trigger Price and select the reference. Choose Last, Index or Mark. Last tracks the latest traded price, Index reflects a reference-market price and Mark estimates fair value. Your selected reference determines when the order activates.

4. Choose Market or Limit. For Limit, enter Execution Price separately from Trigger Price. These fields control different stages of the exit.

5. Select quantity or value. Enter your size manually and check the quantity preview. For Market + Value, compare the preview with the trigger-price conversion described above.

6. Choose the position direction. Tap Close Short to buy back a short position or Close Long to sell a long position.

7. Review and confirm. If a confirmation window appears, review the displayed details and tap Confirm. Submission creates a conditional exit instruction, not an immediate fill.

On the Bybit website

Open the eligible contract’s trading page and use Close → Conditional in the order panel. Follow the same trigger, execution and sizing choices described in the App steps. The website confirmation may label the instruction Conditional Sell for Close Long or Conditional Buy for Close Short. Check the selected direction and displayed details before confirming.

Managing Close Conditional Orders

On the App, use Orders → Conditional to locate pending instructions and access Modify or Cancel. On Web, use Open Orders → Conditional to review available field edits or choose Terminate.

An order awaiting its trigger hasn’t executed an exit. After activation, order status and filled quantity determine whether the position has reduced.

Changes to a position can leave a pending conditional order out of line with your intended exit. A previously submitted quantity may no longer match your intended exit size. Reviewing pending instructions helps keep their quantities and trigger conditions aligned with your position.

Execution risks for conditional closes

A Market close can experience slippage, meaning its fill price differs from the price you expected. A Limit close may fill partially or not at all if available orders don’t meet its price.

Last, Index and Mark are trigger references, not guaranteed fill prices. A Last-triggered exit may not activate before liquidation. Isolated-position liquidation uses Mark, while cross-margin liquidation depends on the account’s maintenance margin ratio (MMR).

Matching a trigger to your trading plan doesn’t eliminate liquidation or execution risk. Fees also affect the final result. Bybit’s order-execution and liquidation FAQ explains the difference between triggering, execution and liquidation.

The bottom line

Conditional orders in Hedge Mode let you plan exits for your long and short positions separately. Before submitting, check which position you’re closing, your trigger reference and whether you’ve chosen Market or Limit execution. If you size a Market close by value, that value sets the quantity to close. Market conditions still affect the final execution value, and a profit isn’t guaranteed.

Open Bybit Futures to explore eligible contracts and the closing controls available to you.

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