Limit Orders

You can set Limit Orders by switching from "Market" to "Limit" on the trading page. For Limit Orders, you must set the price at least 1% away from the current price of the asset. You must also bring like-collateral (e.g., BTC for BTC Longs and USDC for BTC Shorts).

After creating a Limit Order, it will appear under the "Orders" tab. From there, you can edit the order and change the desired price at which the order will execute, if needed.

Size-Based Spread: A size-based spread will still apply to Limit Orders, but execution is guaranteed at the specified price if there is sufficient liquidity available. If liquidity is insufficient due to high utilization, the Limit Order will be canceled.

Once a position is closed either by the user or a Take-Profit/Stop-Loss (TP/SL) order, all Limit Orders associated with that position will still remain open and must be canceled manually.

There is a maximum of 5 Limit Orders per account, with a minimum size of $10 for each Limit Order. For now, you must bring like-collateral (e.g., BTC for BTC Longs or USDC for BTC Shorts) when placing Limit Orders.