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Order Types

Last updated: Mar 11, 2026

Order types and order options available on the perpetual futures order book.

Market Order

Executes immediately at the best available price on the order book.

Price may experience slippage if the order exceeds available liquidity at the bid or ask.

Limit Order

Executes at your selected price or better.

Limit orders may fill immediately or partially. Any unfilled portion remains on the order book until filled or canceled.

Limit Order Tools

Chase

Re-prices an existing limit order to the current best price.

  • Buy (long): moves to the best bid
  • Sell (short): moves to the best ask
  • One-time update per click; does not continuously follow the market

Order Controls

Options that control how a limit order behaves after it is placed.

Reduce Only

Restricts an order to reducing an existing position.

  • Cannot increase exposure
  • Cannot flip position direction
  • Orders that would increase size are rejected or reduced
Time in Force

Controls how long a limit order remains active.

  • Good 'Til Canceled (GTC): Remains active until filled or canceled.
  • Immediate or Cancel (IOC): Attempts to fill immediately. Any unfilled portion is canceled and does not rest on the book.
Post Only (ALO)

Ensures an order does not take liquidity.

  • Must rest on the book as a maker order
  • Rejected if it would execute immediately
  • Applies only to limit orders, including limit-based TP/SL

Conditional Exit Orders (TP / SL)

Orders that automatically exit a position when a price condition is met.

Take Profit (TP)

Triggers when the take-profit price is reached.

Stop Loss (SL)

Triggers when the stop-loss price is reached.

  • By default, TP/SL execute as market orders
  • Final execution price depends on available liquidity