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Ondo Perps supports a full suite of order types designed for both straightforward execution and sophisticated trading strategies. Market and limit orders are available on both perpetual and spot markets. TP/SL and TWAP apply to perpetual markets only.
  • Market Orders: Execute immediately at the best available price.
  • Limit Orders: Execute at a specified price or better, resting on the order book until filled or cancelled.
  • Take Profit / Stop Loss (TP/SL): Automatically close a position when the mark price reaches a specified level, on either the upside or downside.
  • TWAP: Divide a large order into smaller child orders executed at intervals over a set duration, reducing market impact.
Reduce-only orders are not supported on spot markets.

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Trading against your own orders

Orders placed through the same account cannot match against one another. Where a new order would cross resting orders placed through the same account, those resting orders are cancelled and the new order proceeds against the rest of the book. The cancellation is recorded with a self-match prevention reason and can be identified in order history. Users quoting on both sides of a market should review their resting orders before placing an order that could cross them. An aggressive order on one side cancels resting orders from the same account that it would cross on the other side.