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Gate.io > Help Center > Futures > Logical Mechanism of Perpetual Contracts
More article in the group
Contract Order Price Limit
Gate.io
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 contract orders:

The 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% )

For example:
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 as follows:


that:
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.

Additionally:
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.

Note:
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.
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