Limit Orders
What is a limit order and how to execute it
Last updated
What is a limit order and how to execute it
Last updated
A Limit order is an order to buy or sell a given asset at a specified (or better) price. A limit order to buy will only execute at the limit price or lower, and a limit order to sell will only execute at the limit price or higher.
Advanced orders are only available on cross margin & have a minimum keeper requirement of 0.01 ETH.
Select the asset you are going to trade in the asset selector drop-down
Choose a side, either long or short
Pick an order type (limit order)
Input your desired Collateral
Enter your limit price in the price field
Input your position size
Click on Place Limit Order
The submission of the limit order is done on-chain, so any margin required to open this order will be earmarked until the order is canceled. The transaction will automatically deposit the 0.01 ETH account requirement, if applicable.
Once you’ve executed the transaction, the order will appear under the Orders tab. When the Chainlink Oracle price reaches the limit price, the order will be executed, and your position will be opened.
The execution price of a limit order may differ depending on oracle price. There are no partial fills with advanced order types, and limit orders will either be fully executed or not at all. Once a limit order has been executed, it will be shown in the Trades column.
If you want to cancel a limit order before it has been executed, then click the orders tab and hit Cancel on the order that you wish to discard. As mentioned above, cancellations are done on-chain, so this will carry a gas fee.
You can open multiple limit orders for the same market. You can manage your stop orders (cancel them) on the Orders tab. No fee is imposed unless the order is executed.
