What is the benefit of Hedge Mode? Is it different from just closing a position and open a new position when we need it?

Binance

Cryptocoins Exchanges / Binance 34 Views

I'm so new here in the futures market. I perceive that we use Hedge Mode in case we need to safe income at that time (or to stop additional losses) by opening an opposite place.

Nevertheless, I don't understand that using Hedge Mode offers any advantages higher than just closing the position and ready for the time to open a new one if wanted. Also, we don't have to pay any funding fees if we just shut positions.

submitted by /u/ichijikun
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