> For the complete documentation index, see [llms.txt](https://docs.rehold.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.rehold.io/perpetuals/positions.md).

# Positions

Position is the trader's stance or exposure to potential price movements in a specific asset within a perpetual exchange. Essentially, a position represents a speculative bet or investment in the anticipated future price direction of the chosen asset.

### Positions <a href="#types-of-positions" id="types-of-positions"></a>

Perpetual exchange involves two primary types of positions.

**Long**:

* Earns a profit if the token's price goes up;
* Gets a loss if the token's price goes down.

**Short**:

* Earns a profit if the token's price goes down;
* Gets a loss if the token's price goes up.

### Collateral

Your initial investment amount into the position is a collateral of the leveraged borrowing amount.

### Leverage <a href="#understanding-leverage" id="understanding-leverage"></a>

When you use leverage, you borrow additional funds to supplement your initial investment, thus increasing the exposure to the underlying asset.

### Size

The size of your position is your initial collateral plus a borrowed amount based on selected leverage.


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