diff --git a/libs/datagrid/src/lib/cells/market-name-cell.tsx b/libs/datagrid/src/lib/cells/market-name-cell.tsx
index 3ccc37167..ad6ca5ccb 100644
--- a/libs/datagrid/src/lib/cells/market-name-cell.tsx
+++ b/libs/datagrid/src/lib/cells/market-name-cell.tsx
@@ -2,28 +2,22 @@ import type { MouseEvent } from 'react';
 import { useCallback } from 'react';
 import get from 'lodash/get';
 import { Pill } from '@vegaprotocol/ui-toolkit';
-import type { Market } from '@vegaprotocol/types';
-
-const productTypeMap = {
-  Future: 'Futr',
-  FutureProduct: 'Futr',
-  Spot: 'Spot',
-  SpotProduct: 'Spot',
-  Perpetual: 'Perp',
-  PerpetualProduct: 'Perp',
-} as const;
-export type ProductType = keyof typeof productTypeMap | undefined;
+import {
+  ProductTypeShortName,
+  type Market,
+  type ProductType,
+} from '@vegaprotocol/types';
 
 export const MarketProductPill = ({
   productType,
 }: {
-  productType?: ProductType;
+  productType: ProductType;
 }) => {
-  return productType ? (
+  return (
     <Pill size="xxs" className="uppercase ml-0.5" title={productType}>
-      {productTypeMap[productType] || productType}
+      {ProductTypeShortName[productType]}
     </Pill>
-  ) : null;
+  );
 };
 
 interface MarketNameCellProps {
@@ -66,7 +60,7 @@ export const MarketNameCell = ({
       <span data-testid="market-code" data-market-id={id}>
         {value}
       </span>
-      <MarketProductPill productType={productType} />
+      {productType && <MarketProductPill productType={productType} />}
     </>
   );
   return onMarketClick && id ? (
diff --git a/libs/positions/src/lib/positions-data-providers.ts b/libs/positions/src/lib/positions-data-providers.ts
index 85b7ac6be..1e90d94b8 100644
--- a/libs/positions/src/lib/positions-data-providers.ts
+++ b/libs/positions/src/lib/positions-data-providers.ts
@@ -26,7 +26,7 @@ import {
   PositionsDocument,
   PositionsSubscriptionDocument,
 } from './__generated__/Positions';
-import type { PositionStatus } from '@vegaprotocol/types';
+import type { PositionStatus, ProductType } from '@vegaprotocol/types';
 
 export interface Position {
   assetId: string;
@@ -51,7 +51,7 @@ export interface Position {
   totalBalance: string;
   unrealisedPNL: string;
   updatedAt: string | null;
-  productType?: string;
+  productType: ProductType;
 }
 
 export const getMetrics = (
diff --git a/libs/positions/src/lib/positions-table.spec.tsx b/libs/positions/src/lib/positions-table.spec.tsx
index 870e2c850..be4532bfe 100644
--- a/libs/positions/src/lib/positions-table.spec.tsx
+++ b/libs/positions/src/lib/positions-table.spec.tsx
@@ -189,13 +189,8 @@ describe('Positions', () => {
         />
       );
     });
-<<<<<<< HEAD
-    const cells = screen.getAllByRole('gridcell');
-    expect(cells[11].textContent).toEqual('');
-=======
 
-    expect(screen.getByRole('button', { name: 'Close' })).toBeInTheDocument();
->>>>>>> 997dc6380 (test: update tests after tooltip changes)
+    expect(screen.getByTestId('close-position')).toBeInTheDocument();
   });
 
   it('do not display close button if openVolume is zero', async () => {
diff --git a/libs/positions/src/lib/positions-table.tsx b/libs/positions/src/lib/positions-table.tsx
index 80975d5d4..02c7331cd 100644
--- a/libs/positions/src/lib/positions-table.tsx
+++ b/libs/positions/src/lib/positions-table.tsx
@@ -21,6 +21,7 @@ import {
   ExternalLink,
   VegaIcon,
   VegaIconNames,
+  Pill,
 } from '@vegaprotocol/ui-toolkit';
 import {
   volumePrefix,
@@ -122,7 +123,21 @@ export const PositionsTable = ({
             }: VegaICellRendererParams<Position, 'marketCode'>) => {
               if (!data || !value) return '-';
               return (
-                <StackedCell primary={value} secondary={data?.assetSymbol} />
+                <StackedCell
+                  primary={value}
+                  secondary={
+                    <>
+                      {data?.assetSymbol}
+                      <Pill
+                        size="xxs"
+                        className="uppercase ml-0.5"
+                        title={productType}
+                      >
+                        {productTypeMap[productType] || productType}
+                      </Pill>
+                    </>
+                  }
+                />
               );
             },
           },
diff --git a/libs/types/src/global-types-mappings.ts b/libs/types/src/global-types-mappings.ts
index 4458530e2..e2096be2c 100644
--- a/libs/types/src/global-types-mappings.ts
+++ b/libs/types/src/global-types-mappings.ts
@@ -25,6 +25,7 @@ import type {
   DispatchMetric,
   StopOrderStatus,
 } from './__generated__/types';
+import type { ProductType } from './product';
 
 export const AccountTypeMapping: {
   [T in AccountType]: string;
@@ -513,3 +514,11 @@ export const PeggedReferenceMapping: { [R in PeggedReference]: string } = {
   PEGGED_REFERENCE_BEST_BID: 'Bid',
   PEGGED_REFERENCE_MID: 'Mid',
 };
+
+export const ProductTypeMapping: Record<ProductType, string> = {
+  Future: 'Future',
+};
+
+export const ProductTypeShortName: Record<ProductType, string> = {
+  Future: 'FUTR',
+};
diff --git a/libs/types/src/index.ts b/libs/types/src/index.ts
index 763376bbb..620b07f56 100644
--- a/libs/types/src/index.ts
+++ b/libs/types/src/index.ts
@@ -1,3 +1,4 @@
 export * from './__generated__/types';
 export * from './candle';
 export * from './global-types-mappings';
+export * from './product';
diff --git a/libs/types/src/product.ts b/libs/types/src/product.ts
new file mode 100644
index 000000000..4811f83a3
--- /dev/null
+++ b/libs/types/src/product.ts
@@ -0,0 +1,3 @@
+import type { Product } from './__generated__/types';
+
+export type ProductType = NonNullable<Product['__typename']>;