# Available balance

> Your available balance is the cash you can use for new orders, meaning funds not already held for open orders or positions.

Source: https://help.stxapp.io/articles/available-balance/

Your available balance is the amount you can use for new orders. It is the cash in your account that is not already held for open orders or open positions.

- When you place an order, the cost of the order is held until it is matched or canceled.
- If you cancel an order, or it is rejected, the funds held for it return to your available balance.
- When a position settles, the funds released by the settlement are added back.

Because positions on STX are fully collateralized, you need enough available balance to cover the maximum loss on a new position. See [Trading and orders](https://help.stxapp.io/articles/trading-and-orders/) and [Portfolio value](https://help.stxapp.io/articles/portfolio-value/).