> For the complete documentation index, see [llms.txt](https://docs.predict.fun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.predict.fun/knowledge-base/splitting-merging-shares.md).
# Splitting/Merging Shares
How Split and Merge work on Predict: turn USDT into a YES/NO share pair, or combine matching shares back into USDT.
Complementing the regular buy/sell functionality are *Merge* and *Split*.
**Split** is accessible by hovering over **More** in the dropdown on the market's buy/sell modal.
**Merge** appears as its own button directly on your Positions table on the [Portfolio](https://predict.fun/portfolio) page, whenever you're holding a mergeable pair of YES/NO shares.
### Merge
Use Merge to exit markets where you have both **YES** and **NO** shares.
In every market, the value of opposing YES/NO shares always equals $1. So, when you merge shares, you essentially combine these positions to receive a dollar for every pair.
Note that merging will only rid you of an equal portion of YES/NO shares — so, for an uneven distribution (e.g., 20 YES and 50 NO), you’ll receive **$20 (20 YES + 20 NO)**, but retain the excess NO shares (**30**).
### Split
With the same logic used above (a combination of YES/NO always equals $1), **Split** enables you to *split* USDT into one YES and one NO share in a shared transaction.
