BRVX Glossary · Long and short positions · Updated September 24, 2026
Going long means you profit if the price climbs; going short means you profit if it drops. On a perpetual contract neither side owns or borrows the asset — each trader picks a direction, a size and a leverage, and pays the funding rate set for that side.
The formula
Long gains when price rises Short gains when price falls
Both sides open the same way — a direction, a size and a leverage.
How it works
- Pick Long or short
- Size Margin × Leverage
- Result Price move × Size
Try it on DOGE/USDT
Live DOGE/USDT tariff. Simplified estimate: opening fee included, closing fee and funding not.
PnL at this move +40 USDT
- On your margin
- +40%
- Position size
- 1,000 USDT
- Move against you to liquidation
- 7.9%
Leverage works both ways: a small move against you can lose you the whole margin.
On this page
Long vs short at a glance
| Long | Short | |
|---|---|---|
| Expectation | Price goes up | Price goes down |
| PnL formula | (exit − entry) ÷ entry × size | (entry − exit) ÷ entry × size |
| Liquidation price | Below entry | Above entry |
| Stop-loss | Below entry | Above entry |
Two sides of every contract
Each contract is matched: for every long there is a short holding the opposite exposure. Open interest therefore counts one side of the market only, and in a standard perpetual the funding payment is what pulls the contract price back toward its index.
Long and short on BRVX
Direction is a single toggle in the BRVX order form: Buy opens a long, Sell opens a short. Funding can differ by side — on SOL/USDT it is 0.016% per hour for longs and 0.0103% for shorts — while on NVDA/USDT both sides pay 0.0023%. Fees do not depend on direction: 0.05% in and 0.05% out on NVDA/USDT.
Questions about Long and short positions
What does going long mean in crypto?
Taking a position that makes money if the price rises. On a perpetual that is a Buy order; you never need to hold the coin itself.
Can I be long and short at the same time?
On different markets, yes. Holding both on one market mostly nets out, while fees and funding keep accruing on each leg.
Is a short riskier than a long?
With leverage the mechanics mirror each other: a given percentage move against either side eats the same share of the margin. The difference is the price path — a rally has no ceiling, while a fall stops at zero.
Leverage works both ways: a small move against you can lose you the whole margin.
Long and short positions: next steps on BRVX
Long and short positions on DOGE/USDT: pick 5x to 80x, 50x by default, margin in 6 tokens. At 80x, a 1% move is 80% of margin.
Read next: Futures trading, Short selling and PnL (profit and loss).
Leverage works both ways: a small move against you can lose you the whole margin.
Open DOGE/USDT in the app
Open appLeverage raises both gains and losses. Start with a size you are comfortable with. Not available to US persons.