Order types

HyperETH offers a versatile set of order types for Perps trading. Choose from the options below depending on your trading experience:

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Basic order types

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Market Order

• Buys or sells immediately at the best available price.
• This is used when you want instant execution regardless of price slippage.
• Execution Parameters:
  • Order size (USD or asset)
  • Reduce Only: Ensures it closes or reduces a position
  • Time-in-Force options: Immediate only

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Limit Order

• Executes at your chosen price or better.
  • For buy (long) orders, it will only execute at the limit price or lower.
  • For sell (short) orders, it will only execute at the limit price or higher.
• This is used when you want price control and are able to wait for your order to be filled.
• Parameters:
  • Price
  • Order size
  • Reduce Only
  • Time-in-Force options: GTC / IOC / ALO

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Advanced order types

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Scale

• Places a ladder of limit orders across a price range.
• This is used when you want to gradually enter or exit a position.
• Parameters:
  • Price range
  • Number of orders (1-100)
  • Skew: Even, top-heavy, or bottom-heavy distribution
  • Order size per order
  • Reduce Only
  • Time-in-Force options: GTC / IOC / ALO

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TWAP (Time-Weighted Average Price) Order

• Splits a large order into smaller chunks and executes them over time.
• This is used when you want to execute a large trade without moving the market.
• Parameters
  • Total order size
  • Duration: 5 mins to 24 hrs
  • Interval: Every 30 seconds
  • Randomize: Optional, adds slight timing variance to disguise strategy
  • Reduce Only (Perps)
• How TWAP orders work:
  • Suborders are placed every 30 seconds
  • Each suborder respects a 3% max slippage.
  • If earlier suborders fail to fill, later ones may scale up (up to 3x) to catch up.
  • Will not execute during post-only periods like network upgrades.

For more details on TWAP orders, refer to this page.

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Editing orders

Order types can be edited on the main dashboard. Users can select from any of the 4 order types before placing the order.

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Time-in-Force (TIF) options

TIF settings control how long an order remains active To pick up a draggable item, press the space bar. While dragging, use the arrow keys to move the item. Press space again to drop the item in its new position, or press escape to cancel. To pick up a draggable item, press the space bar. While dragging, use the arrow keys to move the item. Press space again to drop the item in its new position, or press escape to cancel. If a Limit or Scale order is selected, users can select from the 3 different TIF options. Users can choose any of the 3 options listed.

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Reduce Only order

• Ensures the order only closes or reduces a position, never opens or increases it.
• This is used when you want to scale out of a perp trade.

When Reduce Only is enabled:

• The order will reduce your position size if you already have an open position in that direction.
• If the order size exceeds your current position, only the amount needed to close or reduce is executed.
• If you have no position, or the order would flip your position to the opposite side, the order is automatically canceled or partially filled to avoid increasing exposure.