dYdX allows two different order types - Market and Limit.

  • A Market order will execute immediately at the current market price
  • A Limit order will execute only when the market crosses your specified limit price

Market orders

  1. Select Market in the Trade bar
  2. Select Long or Short 
  3. Enter an Amount - this is the total position size (if in isolated mode), or trade size in Cross mode

Market orders may generate some price slippage depending on the size of the trade. dYdX limits slippage to .5% to protect the trader. If it reaches an amount higher than this, the trade will fail. 

Limit orders

  1. Select Limit in the Trade bar
  2. Select Long or Short
  3. Enter the quantity to be traded and your price

Limit orders have a default expiration period of 28 days. 

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