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A cryptocurrency exchange is a platform where users can buy, sell, or trade digital currencies like Bitcoin using fiat or other cryptos.
Instant Flip is a feature that allows users to quickly reverse their current open position to a new position in the opposite direction.
The exit price for the closing order and the entry price for the opening order will be based on the Best Bid/Ask Price. Example: If the user is using Instant Flip for a Long position: Exit Price of the long position will ...Read more
The quantity will be based on the invested funds and will include the realized profit or loss of the original position.
Instant Flip provides a quick and convenient way to reverse a position, which is especially useful during times of market volatility or changing market conditions.
Take Profit (TP) and Stop Loss (SL) orders are risk management tools that allow users to close an existing position at a predetermined price. These orders are conditional market orders. Take Profit orders are typically set above the average entry price ...Read more
Yes, Max Slippage is calculated differently for open and close orders. When placing an order to close an existing position, the Max Slippage is doubled. Example: For BTCUSDT.PERP with a max slippage of 0.25%: Trigger Price: 30,000 Close Order Slippage (doubled): 0.25% ...Read more
The Time-In-Force (TIF) for Market and Trigger orders is Fill-Or-Kill (FOK). FOK orders must be either fully executed or fully canceled. During market volatility, orders may be canceled if they cannot be fully executed within the max slippage threshold. Example: Trader ...Read more
Users can check the Max Slippage for each symbol/contract on the Contracts page. It is advisable to review this information before placing orders, especially in volatile market conditions.
Max Slippage values are predefined but may be subject to periodic reviews or adjustments by the platform. Users should regularly check the Contracts page for updates on max slippage values and category changes for individual symbols/contracts.
