What's limit order in DEX?

تم النشر في ‏10 أغسطس 2023تم التحديث في ‏26 يناير 20262 دقيقة قراءة‏‎111‏

This feature allows you to trade at a specific price set by you without keeping an eye on the market. Currently, it supports Arbitrum, BASE, BSC, Ethereum, Solana and X Layer.

Limit order Swap is currently not available on the web platform, but remain accessible in the OKX App.

  1. In Swap > Select Limit

  2. Fill in the tokens you wish to sell and buy with preferred rate, and the expiry period

  3. Select Place limit order
    Note:
    your limit buy order will be executed when the market price = specified price + network fee.

You can customize your price and order expiry before placing an order

Note:

  • You can select Use market price to place order to be executed at the market price.

  • Network fees will only be charged during order execution.

How do I view or modify my order?

  1. Select the history icon on top right corner to view your transaction history

    View all history in one place to track your order

  2. If you wish to cancel the trade, select the respective transaction and select Cancel in Transaction details

How do I cancel a DEX limit order?


Limit orders can only be canceled manually before they are activated. To cancel a limit order:

  1. Open your Web3 wallet, go to DEX > Swap > Limit Order

  2. Find the in the upper right corner

  3. Select the History icon at the top right

  4. Find the relevant order to cancel


Note:

  • Network fees are charged only when an order is executed.

  • Placing or canceling orders doesn't incur network fees, except on the Solana network.

  • When the market price reaches your order price, the platform may execute the sale at a slightly higher price than your order, and a network fee will be charged based on the amount sold.

For more details about DEX trading, please refer to: DEX FAQs.