What is a Market Order?
A market order is a buy or sell order to be executed immediately at the current market prices.
1. Select the direction of the order, Buy (Long) or Sell (Short).
2. Select your desired leverage. Crypto instruments have the option to be leveraged up to 50 times while, non-crypto instruments are up to 500 times leverage.
3. Enter the quantity, which is the notional value of your order.
4. Click the Buy/Sell button to place the order and your order will be fulfilled immediately.
This is the actual Bitcoin cost needed to open a trade.
Est Liquidation Price
The position will be automatically liquidated when it hits the set price.
Please check this guide for more information on Liquidation.
Est Tier Points
The number of Tier Points you will receive when opening the trade.
Please check this guide for Tier Points.
The funding you will need to pay or receive.
In this example, you will need to pay 0.23% of the notional value of the trade if you place a Buy (Long) order. While, you will receive 0.21% of notional value of the trade if you place a Sell (Short) order.
Next Funding Interval
This is the set time interval that you will need to pay or to receive the funding.
To know more about Funding, please check this guide.