What is Market Order?

A market order is an order that does not specify a price and is filled immediately at the price and quantity currently available on the order book.

• When buying: Typically executed at the best available bid price

• To sell: Typically executed at the best available bid price

1. Instant order execution

Ideal when you want to quickly execute a trade at a price level close to the current price.

2. Taker orders

Executes against the best available limit order in the order book, so taker fees apply.

3. Potential for slippage

There is a risk of being executed at a less favorable price than expected in times of liquidity shortages and price spikes.

1. On [Futures] page, go to the order panel and select Market as the order type.

2. Set how you want to hold the position by selecting Position Mode.

3. Set the Margin Mode to manage the risk of your position.

4. Set the leverage to use.

💡 For market orders, you do not need to enter a price.

5. Enter the Order Quantity

You can specify the order quantity in one of the following units: coins, USDT, or contracts.

• Order by Qty

Enter the amount of cryptocurrency (e.g., 0.01 BTC).

• Order by Value

Enter the total value of your order in USDT (e.g., 1,000 USDT).

• Order by Contracts

Enter the quantity in contract units (e.g., 10 Contracts).

💡Depending on the input method you choose, the order quantity and margin are automatically calculated and displayed.

• Quantity/Value (Order Quantity)

◦ View the converted value of the order quantity you entered.

◦ Example: If you entered a quantity in USDT, see the value converted to BTC

• Cost (Margin)

◦ Check the margin that will be used to enter the position.

⚠️Please note that the figures shown are estimates for reference only and may differ from the actual amount, so please be careful when trading.

6. If necessary, set up Take Profit / Stop Loss (TP/SL) order to realize profit/loss at the specified price.

7. Select the direction of the position.

• Open Long

◦ Select Long when you expect the price to increase.

• Open Short

◦ Select Short to sell when you expect the price to fall.