Market Order

Market Orders will fill the available positions in the order book. When placing a market order, it’s important to ensure there is enough depth in the order book so your fill price is close to the index price (or current floor price). You can check the orderbook depth by looking at the orderbook visual to the right of the Trading View Chart.

Placing a Market Order

To place market order, complete the following steps:

  1. Click on Buy (Long) / Sell (Short).

  2. Select Market.

  3. Input an Order Size.

  4. Select a Leverage Amount (if other than 1x).

  5. Review the Order. Traders may need to add additional collateral to their subaccount depending on the order size.

  6. Click Place Order.

After placing a market order, traders will see the filled limit orders removed from the orderbook.

Market Order Example

A trader wants to long 2 Milady. There are active limit orders in the order book of:

  • 1 Milady @ 2.8 ETH

  • 2 Milady @ 2.84 ETH

The trader places a Buy (Long) Market order and is filled with 1 Milady at 2.8 ETH and 1 Milady at 2.84 ETH. The trader’s average execution price is 2.82 ETH or the average of the orders filled.

Last updated