> ## Documentation Index
> Fetch the complete documentation index at: https://docs.everstrike.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Managing a Position: P/L, Margin, Funding and Closing

> Open a position to see its P/L, prices, margin, funding and risk in one panel, add to it, set stop loss and take profit, or close all or part of it.

Select an open position to open its panel. It brings together everything about the position, and the actions to change it.

## What the panel shows

**P/L and prices**

* **Unrealised P/L**, in dollars and percent, valued at the [Mark Price](https://docs.everstrike.io/trading/mark-price.md).
* **Realised** P/L from any part of the position already closed.
* **Entry** (average entry), **Mark**, and **Liq.** (liquidation price).
* **Breakeven Price**: where the position would close with no profit or loss.
* **Bankruptcy Price**: where the position's margin would reach zero. See [Liquidity Providers](https://docs.everstrike.io/trading/liquidity-providers.md).

**Size and margin**

* **Notional** value and **Leverage**.
* **Initial Margin**, **Maintenance Margin**, **Margin Used** and **Margin Ratio**.
* **Available Balance**.

**Funding**

* **Funding P\&L**: what the position has paid or received in funding.
* **Funding Rate** and **Projected Funding** for the next 24 hours.
* For perpetual options, **Projected Drift** and **Projected Income** (funding plus drift).

## Actions

* **Add to position** opens the order form on the same side.
* **Close Position** closes all or part of it. Choose the **close amount** and the panel shows the **profit to realise**.
* **Stop loss and take profit**: set or change them, then **Apply Changes**. See [Stop Loss and Take Profit](https://docs.everstrike.io/trading/stop-loss-and-take-profit.md).

> [!NOTE]
>
> Closing a position realises its P/L at the price the closing order fills. A market close on a thin book can fill below the Mark Price shown.

## Reading the risk

Two numbers matter most when a position is moving against you:

* **Margin Ratio** shows how close the position is to its maintenance margin.
* **Liq.** shows the Mark Price at which liquidation would begin.

With cross margin, the default, liquidation looks at the account as a whole. See [Margin Requirements](https://docs.everstrike.io/trading/margin-requirements.md) and [Liquidation](https://docs.everstrike.io/trading/liquidation.md).


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