> For the complete documentation index, see [llms.txt](https://docs.arkis.xyz/home/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.arkis.xyz/home/for-borrowers/managing-your-positions.md).

# Managing Your Positions

## Managing Your Positions

*Once you've borrowed, this section is how you run your book day-to-day: monitor risk, move capital between venues, withdraw, stake, and stay ahead of margin calls. Most live-position operations are requested through your Telegram support bot.*

### The operating model in one picture

Your positions live in two kinds of accounts, grouped under **Account Clusters** for cross-margin:

* **Margin Accounts (MA)** — on-chain smart-contract accounts holding your collateral + borrowed capital. You trade whitelisted **DeFi** protocols directly from these via WalletConnect.
* **CEX / Perp-DEX Sub-Accounts (SA)** — dedicated trading accounts opened for you on centralised exchanges and perpetual DEXs under Arkis's master brokerage account.

Two ways to act on them:

| You do it yourself (Portal)               | Arkis does it for you (Telegram support bot)         |
| ----------------------------------------- | ---------------------------------------------------- |
| Borrow more, add collateral, repay/close  | Move funds **between venues** (MA↔SA, SA↔SA)         |
| Trade DeFi via WalletConnect              | Withdraw to your whitelisted wallet                  |
| Monitor Health Factor & analytics         | Stake / unstake spot positions                       |
| Top up a Margin Account directly on-chain | Open / close additional sub-accounts                 |
| Manage team & API keys                    | Update margin-call alert thresholds, request reports |

> **Note** Anything that moves assets across venues, off-platform, or into staking runs through the **support bot in your designated Telegram group** — see The Telegram Support Bot. The portal is for on-chain actions you sign yourself.

Account Clusters & Health Factor

An **Account Cluster** is the unit of risk management. It groups multiple Margin Accounts and CEX Sub-Accounts across networks into a single cross-margin portfolio.

* Leverage is allocated per-Market into individual Margin Accounts, **but your Health Factor is calculated at the cluster level** — positions across venues offset each other.
* A long leg on-chain and a short perp on a CEX in the same cluster are evaluated as **offsetting**, improving your Health Factor. This is what makes delta-neutral and carry strategies capital-efficient on Arkis.

**Health Factor (HF)** measures collateralisation safety of the cluster:

| HF                                      | Meaning                          |
| --------------------------------------- | -------------------------------- |
| Well above 1.0                          | Healthy                          |
| ≈ margin-call threshold (e.g. **1.05**) | Margin Call warning — top up now |
| ≈ **1.0**                               | Liquidation territory            |

> **Tip** Because HF is a cluster metric, you can improve a weak account by **adding a sub-account to its cluster**, **transferring a Margin Account to a healthier cluster**, or **merging clusters** — without closing positions. See Health Factor, Top-Ups & Alerts.

### The Open Positions page (your control panel)

Navigate to **Borrow → Open Positions** (or click **Manage Positions**). For each cluster you'll see total value, Health Factor, borrow asset, borrowed amount, margin balance, accrued interest, PnL, and creation date — clusters are sorted **lowest Health Factor first** so risk surfaces immediately.