Use Orders

Market Orders

A Market Order is an order to buy or sell an asset immediately at the current Market Price.

Users can set a maximum slippage tolerance. A slippage tolerance sets an upper bound for the price that the order can be filled at, which is effectively a limit price versus the current market price.

For instance, if the mark price of ETH is $3,000 and a user goes long, a user can set a maximum slippage tolerance of 0.1%. As such, the worst price that a user can fill at is $3,003. The order will fail if the quoted price exceeds the limit price (with slippage tolerance) for makers.

Market orders can be opened with or without Take Profit and Stop Loss.

Place Market Order with Take Profit or Stop Loss

  1. Select Long or Short

  2. Enter Collateral

  3. Select Leverage

  4. Enter Stop loss

  5. Enter Take profit

  6. Click on Market Long or Market Short

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