How to Change Binance’s Position Mode to Hedge Mode?

Generally, if you have no positions in your Binance Futures account, when you use it for the first time, the position mode setting will be automatically switched to [Hedge Mode], so that the robot can be started normally.

Of course, it cannot be ruled out that you may also encounter situations where automatic switching cannot be performed, so you need to go to Binance to manually select [Hedge Mode].

Please follow the instructions in the pictures below:

Step 1: Open Binance App, log in to your account, click [Futures] on homepage bottom, and then click [USDⓈ-M], finally click on the icon in the upper right corner, As follow:

Step 2: Enter the futures page, Tap [Preferences] on the page, As follow:

Step 3: Enter the Preferences page, click [Position Mode Setting], As follow:

Step 4: Tick [Hedge Mode] on the page, as a successful modification, As follow:

[One-way Mode]: Only one direction of position is allowed for the same contract, either long or short . It supports only a single direction of position, prohibiting the simultaneous holding of long and short positions.

[Hedge Mode]: allows for the simultaneous holding of positions in both long and short directions for the same contract. Allows positions in different directions for the same contract can offset each other's risks, reducing overall risk. Permits adopting opposing investment strategies within the same contract, facilitating better risk management.