Market

A Market Order is executed immediately at the best available price. Unlike limit orders, market orders prioritize execution speed over price control, ensuring that trades are filled as quickly as possible.

How It Works

• A buy market order purchases the asset at the lowest available ask price.

• A sell market order sells the asset at the highest available bid price.

• Orders are submitted immediately when clicked

• The system will show a loading state while the order is being processed

• Orders are placed at the current market price for instant execution

Quick Buy/Sell

The Market Strategy panel in the Order Form provides quick buy and sell buttons with pre-configured sizing options to enable rapid trading execution. These buttons allow you to place market orders instantly without manually entering quantities.

Percentage-Based Buttons (Top Row)

The first row uses percentage-based sizing relative to your available balance:

• 10% - Uses 10% of your notional balance

• 25% - Uses 25% of your notional balance

• 50% - Uses 50% of your notional balance

• 75% - Uses 75% of your notional balance

• 100% - Uses 100% of your notional balance

Buy Logic: If you have a negative base asset balance (short position), these buttons will buy the base asset to cover your position. Otherwise, they use your notional balance to buy.

Sell Logic: If you have a negative base asset balance (short position), these buttons will sell notional balance to cover your position. Otherwise, they sell your base asset balance.

Dollar Amount Buttons (Bottom Row)

The second row provides fixed dollar amount options:

• $250 - Places a $250 order

• $1K - Places a $1,000 order

• $2.5K - Places a $2,500 order

• $10K - Places a $10,000 order

• L1 (Bottom Right Corner Dynamic Number) - Uses the exact amount available at the best price (Level 1 order book). _{The L1 (Level 1) button is always dynamic and cannot be changed.}

  Buy: L1 button buys the quantity at the best ask price Sell: L1 button sells the quantity at the best bid price

Customizing Button Values

1. Click the Edit icon (pencil) next to "Quick Buy" or "Quick Sell"

2. The dollar amount buttons will become editable text fields

3. Enter your desired values (the first 4 buttons can be customized)

4. Click the Save icon (checkmark) to confirm changes

5. Click the Cancel icon (X) to discard changes

Customization Notes

• Only the first 4 dollar amount buttons can be customized

• Your custom values are saved locally and will persist between sessions

• Values should be entered as numbers (e.g., "500" for $500)

When to Use a Market Order

• Immediate Execution – Ensures the order is filled instantly.

• High Liquidity Markets – Works best when there is sufficient order book depth.

• Urgent Trades – Ideal for traders prioritizing execution speed over price control.

Considerations

• No Price Guarantee – The final execution price may differ from the last traded price.

• Potential Slippage – In highly volatile markets, slippage may occur, leading to less favorable fills.

• Higher Fees – Market orders typically incur taker fees, which can be higher than maker fees associated with limit orders.

This order type is best for traders who need certainty of execution, even if it means accepting potential price fluctuations and higher fees.