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order-types.md

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Read about order types on Injective

Order Types

The following list describes the supported order types on Injective:

  • BUY (1): A standard buy order to purchase an asset at either the current market price or a set limit price. Market orders in Injective also have a price to stablish a limit to the market price the order will be executed with.
  • SELL (2): A standard sell order to sell an asset at either the current market price or a set limit price. Market orders in Injective also have a price to stablish a limit to the market price the order will be executed with.
  • STOP_BUY (3): A stop-loss buy order converts into a regular buy order once the oracle price reaches or surpasses a specified trigger price.
  • STOP_SELL (4): A stop-loss sell order becomes a regular sell order once the oracle price drops to or below a specified trigger price.
  • TAKE_BUY (5): A take-profit buy order converts into a regular buy order once the oracle price reaches or surpasses a specified trigger price.
  • TAKE_SELL (6): A take-profit sell order becomes a regular sell order once the oracle price drops to or below a specified trigger price.
  • BUY_PO (7): Post-Only Buy. This order type ensures that the order will only be added to the order book and not match with a pre-existing order. It guarantees that you will be the market "maker" and not the "taker".
  • SELL_PO (8): Post-Only Sell. Similar to BUY_PO, this ensures that your sell order will only add liquidity to the order book and not match with a pre-existing order.
  • BUY_ATOMIC (9): An atomic buy order is a market order that gets executed instantly, bypassing the Frequent Batch Auctions (FBA). It's intended for smart contracts that need to execute a trade instantly. A higher fee is paid defined in the global exchange parameters (currently it is two times the normal trading fee).
  • SELL_ATOMIC (10): An atomic sell order is similar to a BUY_ATOMIC, and it gets executed instantly at the current market price, bypassing the FBA.

Additional notes:

  • Immediate-Or-Cancel (IOC): IOC orders are not yet supported. The closest order type is a market order (BUY).
  • The worst price for a market order is the "price" parameter.