Position Management API: Redeem, Split, and Merge

Polymarket positions are ERC-1155 conditional tokens (CTF) held in your proxy wallet. The positions endpoints let you inspect open and closed holdings and perform on-chain lifecycle actions: redeeming a resolved market for pUSD payout, splitting pUSD into a complete outcome set to gain exposure simultaneously, or merging a complete set back to recover pUSD. All on-chain operations are submitted by Bravado on your behalf and confirmed before the response returns.

GET /v2/trade/positions

Returns a paginated list of outcome token positions associated with your account.

Query parameters

string

Filter by position status. active (default) returns positions with a non-zero current balance and a live mark price. closed returns fully exited or redeemed positions with realized PnL.

number

Maximum number of results to return per page. Defaults to 50.

number

Zero-based offset for pagination.

Response

array

Array of position objects.

Show position fields

string

active or closed.

string

The Safe proxy wallet address holding this position.

string

ERC-1155 outcome token ID.

string

Polymarket condition ID (0x + 64 hex characters).

string

Current share balance as a decimal string.

string

Volume-weighted average entry price as a decimal probability.

string

Mark-to-market value in US dollars at the current mid-price. Present for active positions only.

string

Current mid-price from the CLOB as a decimal probability. Present for active positions only.

string

Dollar cost basis of the position (size × avg_price).

string

Unrealized profit/loss in dollars (current_value − initial_value). Present for active positions only.

string

Unrealized PnL as a percentage of initial_value. Present for active positions only.

string

Dollar PnL locked in through partial exits or redemption. Always present; most meaningful for closed positions.

string

Realized PnL as a percentage of initial_value.

string

Total dollar spend on this position across all fills.

boolean

true when the market has resolved and this position can be redeemed for pUSD.

boolean

true when you hold all outcome tokens for this condition and can merge back to pUSD.

boolean

true for negative-risk (multi-outcome) markets.

string

Human-readable market title.

string

URL slug for the market on Polymarket.

string

Outcome label, e.g. "Yes" or "No".

number

Zero-based index of this outcome within the condition.

string

ISO 8601 scheduled resolution date of the market.

Active positions include a live cur_price mark sourced from the CLOB mid-quote. Closed positions omit mark-price fields and populate realized_pnl instead.

Example

{
  "positions": [
    {
      "status": "active",
      "proxy_wallet": "0xSafe...1234",
      "token_id": "0xtoken...abcd",
      "condition_id": "0xcondition...0000000000000000000000000000000000000000000000000000000001",
      "size": "500",
      "avg_price": "0.58",
      "current_value": "315.00",
      "cur_price": "0.63",
      "initial_value": "290.00",
      "cash_pnl": "25.00",
      "percent_pnl": "8.62",
      "realized_pnl": "0",
      "percent_realized_pnl": "0",
      "total_bought": "290.00",
      "redeemable": false,
      "mergeable": false,
      "negative_risk": false,
      "title": "Will the Fed cut rates in Q1 2025?",
      "slug": "fed-rate-cut-q1-2025",
      "outcome": "Yes",
      "outcome_index": 0,
      "end_date": "2025-03-31T23:59:00Z"
    }
  ]
}

POST /v2/trade/positions/redeem

Redeems a resolved Conditional Token Framework (CTF) position and delivers the pUSD payout to your proxy wallet. The call is synchronous: it waits for the Polygon transaction to confirm before returning. Winning positions receive a payout of 1 pUSD per share; losing positions receive 0. Required headers

Header	Value
`Authorization`	`Bearer <token>`
`Idempotency-Key`	Unique string (UUID recommended)
`Content-Type`	`application/json`

Request body

string

required

The condition to redeem, formatted as 0x followed by exactly 64 hex characters.

number

required

Zero-based index of the outcome token you hold (e.g. 0 for the first outcome, 1 for the second).

boolean

required

Set to true for negative-risk (multi-outcome) markets. Set to false for standard binary markets.

string

Number of shares to redeem as a decimal string. Omit to redeem your entire position.

Response

string

Polygon transaction hash of the on-chain redemption.

string

STATE_CONFIRMED once the transaction is included in a block.

string

Echo of the submitted condition ID.

number

Echo of the submitted outcome index.

boolean

Echo of the submitted flag.

string

pUSD payout in 6-decimal base units as a string (e.g. "500000000" = 500 pUSD). Returns "0" for a losing position.

Example

// POST /v2/trade/positions/redeem
// Idempotency-Key: f6a7b8c9-d0e1-2345-fab0-345678901205

{
  "condition_id": "0xcondition...0000000000000000000000000000000000000000000000000000000001",
  "outcome_index": 0,
  "neg_risk_market": false
}

{
  "transaction_hash": "0xtxhash...abcdef",
  "state": "STATE_CONFIRMED",
  "condition_id": "0xcondition...0000000000000000000000000000000000000000000000000000000001",
  "outcome_index": 0,
  "neg_risk_market": false,
  "payout_base_units": "500000000"
}

Convert payout_base_units to a human-readable dollar amount by dividing by 1_000_000 (6 decimals). A value of "500000000" equals 500 pUSD.

POST /v2/trade/positions/split

Splits pUSD collateral into one share of every outcome token in a condition. After splitting, you hold a complete outcome set, useful for then selling one side on the CLOB while retaining the other. Splitting is the on-chain equivalent of buying both sides simultaneously. Required headers

Header	Value
`Authorization`	`Bearer <token>`
`Idempotency-Key`	Unique string (UUID recommended)
`Content-Type`	`application/json`

Request body

string

required

The condition to split into (0x + 64 hex characters).

string

required

pUSD amount to split, as a decimal string (e.g. "100.00"). You will receive amount shares of each outcome token.

boolean

required

true for negative-risk markets; false for standard binary markets.

Response

string

Polygon transaction hash.

string

STATE_CONFIRMED once the transaction is mined.

string

Echo of the submitted condition ID.

string

Echo of the submitted pUSD amount split.

boolean

Echo of the submitted flag.

Example

// POST /v2/trade/positions/split
// Idempotency-Key: a7b8c9d0-e1f2-3456-0abc-456789012306

{
  "condition_id": "0xcondition...0000000000000000000000000000000000000000000000000000000001",
  "amount": "100.00",
  "neg_risk_market": false
}

{
  "transaction_hash": "0xtxhash...split01",
  "state": "STATE_CONFIRMED",
  "condition_id": "0xcondition...0000000000000000000000000000000000000000000000000000000001",
  "amount": "100.00",
  "neg_risk_market": false
}

POST /v2/trade/positions/merge

Merges a complete set of outcome tokens back into pUSD collateral. You must hold at least amount shares of every outcome in the condition. This is the reverse of splitting and lets you exit a delta-neutral position without hitting the CLOB. Required headers

Header	Value
`Authorization`	`Bearer <token>`
`Idempotency-Key`	Unique string (UUID recommended)
`Content-Type`	`application/json`

Request body

string

required

The condition whose outcome tokens you are merging (0x + 64 hex characters).

string

required

Number of complete outcome sets to merge, as a decimal string. You receive this many pUSD in return.

boolean

required

true for negative-risk markets; false for standard binary markets.

Response

string

Polygon transaction hash.

string

STATE_CONFIRMED once the transaction is mined.

string

Echo of the submitted condition ID.

string

Echo of the submitted share set count.

boolean

Echo of the submitted flag.

Example

// POST /v2/trade/positions/merge
// Idempotency-Key: b8c9d0e1-f2a3-4567-1bcd-567890123407

{
  "condition_id": "0xcondition...0000000000000000000000000000000000000000000000000000000001",
  "amount": "100",
  "neg_risk_market": false
}

{
  "transaction_hash": "0xtxhash...merge01",
  "state": "STATE_CONFIRMED",
  "condition_id": "0xcondition...0000000000000000000000000000000000000000000000000000000001",
  "amount": "100",
  "neg_risk_market": false
}

The amount field for merge represents the number of complete outcome sets (one share of each outcome), not a dollar amount. Merging 100 sets of a binary market burns 100 YES tokens and 100 NO tokens and returns 100 pUSD.

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Position Management API: Redeem, Split, and Merge

GET /v2/trade/positions

Query parameters

Response

Example

POST /v2/trade/positions/redeem

Request body

Response

Example

POST /v2/trade/positions/split

Request body

Response

Example

POST /v2/trade/positions/merge

Request body

Response

Example

​GET /v2/trade/positions

​Query parameters

​Response

​Example

​POST /v2/trade/positions/redeem

​Request body

​Response

​Example

​POST /v2/trade/positions/split

​Request body

​Response

​Example

​POST /v2/trade/positions/merge

​Request body

​Response

​Example

GET /v2/trade/positions

Query parameters

Response

Example

POST /v2/trade/positions/redeem

Request body

Response

Example

POST /v2/trade/positions/split

Request body

Response

Example

POST /v2/trade/positions/merge

Request body

Response

Example