Spread
Spread refers to the difference between the market price and the execution price you receive when opening or closing a position. On our platform, spread can be fixed or dynamically calculated based on multiple factors, and it applies to all order types at the time of execution.
🧮 How Spread Is Calculated?
Our platform adopts both fixed and dynamic spread model across the trading pairs.
For dynamic spread, it takes takes into account:
Existing Open Interest on the trading pair
Size of the New Position being opened
Platform Liquidity
This approach ensures that spread adjusts with market conditions, helping reflect the true execution cost more accurately.
💱 Market Orders
You can set slippage tolerance on market orders when opening a position.
In the confirmation step, the estimated entry price includes spread, based on current platform settings.
The final execution price will closely match the estimated entry price, assuming normal market conditions.
💱 Limit Orders
Slippage tolerance does not apply to limit orders.
In the confirmation step, the trigger price is exactly what you input.
When the price is reached and the order is executed, the execution price will be adjusted by the spread.
💱 Closing a Position
The mark price reflects the current market price.
At execution, spread is applied to determine the final close price.
💱 Take Profit / Stop Loss (TP/SL)
TP/SL prices are user-defined and do not include spread.
At execution, spread is applied just like with limit orders.
The estimated PnL shown in the UI already takes spread into account, giving you a more accurate preview.
🔍 TLDR
Spread is applied at execution for all order types:
Market Order
Est. entry price shown includes spread
Limit Order
Trigger price is user input; execution price includes spread
Close Position
Spread applied to mark price at the time of closing
Take Profit/Stop Loss
Execution price includes spread; Est. PnL reflects it
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