# Multi/Spread/Basis/Portfolio Trading

The **Multi-Order** feature allows traders to execute **complex, multi-leg strategies**—such as **spread trades, arbitrage, and hedging**—in a **single streamlined action**. This tool is designed for traders managing **multiple positions simultaneously**, eliminating the need for manual coordination while ensuring **efficient and balanced execution**.

All **multi-leg trades require at least one buy and one sell order**, maintaining **risk control** and strategic balance. The system **optimizes execution across all legs**, adapting dynamically to market conditions. Traders can further refine their strategies using **advanced settings** like [**Dynamic Limit Spread**](/other-trading-modes/multi-spread-basis-portfolio-trading/dynamic-limit-spread.md) and [**Exposure Tolerance**](/other-trading-modes/multi-spread-basis-portfolio-trading/exposure-tolerance.md), which provide greater control over **pricing thresholds and execution balance**.

#### **Common Use Cases**

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* **Funding Rate Trades**– You can quickly set up a funding rate arbitrage trade by using the funding rate pair picker. Clicking a rate auto-fills the order form weith the relevant exchange and pairs.
* **Arbitrage Opportunities** – Capture price inefficiencies by executing **cross-exchange arbitrage**—buying an asset on one exchange and selling it on another. The system ensures **simultaneous execution** to minimize risk.
* **Hedging Strategies** – Reduce exposure to market fluctuations by **pairing long and short positions** in correlated assets. Multi-leg execution ensures both sides of the hedge remain balanced **in real time**.
* **Paired Portfolio Trades** – Rebalance portfolios by **pairing asset purchases with corresponding sell orders**. This ensures trades **maintain target allocations** while avoiding unnecessary exposure.
* **Two-Leg Arbitrage Variations** – Execute more complex strategies, such as:
  * Buying two assets while **simultaneously selling a related asset**
  * Commonly used in **triangular arbitrage** to maintain **balanced exposure**

This feature is ideal for traders who need **automated, efficient execution of multi-leg trades**, ensuring **risk control, optimal pricing, and market adaptability**.


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