Contract Order Price Limit
Updated at:53 days 4 hours ago
In order to avoid the malicious
manipulation by a large number of funds, which may result in massive
fluctuations of market price, Gate.io implements some price limits for
deviation between the order price and current mark price cannot exceed
over 10%~50% (the maximum allowable deviation ratio of the specific
order price refers to the Contract Details). If the order price exceeds
the limit, then the order cannot be placed and need to reset the price.
Highest Order Price = Mark Price * ( 1 + 10%~50% )
Lowest Order Price = Mark Price * ( 1 - 10%~50% )
Take BTC-USD as an example, assuming the current mark price is 10,000
and the maximum allowable deviation ratio of this trading pair is shown
Highest Order Price = 10,000 * ( 1 + 50% ) = 15,000
Lowest Order Price = Mark Price * ( 1 - 50% ) = 5,000
TPSL is excluded from the Contract Order Price Limit, it applies to only opening and closing positions.
If an order is to reduce the position, then the order price cannot be higher than the bankruptcy price of the position.
If an order is to add to the position, then the order price cannot be higher than the forced liquidation price of the position.
If the order is filled at this price, it won't be forced to close out
immediately. Generally, this situation occurs when the deviation between
the intraday price and mark price is large. Users can reduce the
leverage to trade at this price.
The price limit range is not conclusive and can be subjected to changes
in the future. Please refer to the changes in the Contract Details.