Order types

Order types

Raydium Perpetual supports 5 order types:

Market Buys or sells immediately at the best available prices in the order book. A market order will match against existing orders until your size is filled. If there isn’t enough liquidity to fill the full amount, any unfilled portion is canceled.

Limit Buys or sells at a price you choose (your limit price) or better. A limit order will only fill if the market reaches your price.

Stop orders (trigger orders) A stop order stays inactive until the market hits your trigger (stop) price. Once triggered, it becomes a live order.

• Stop Market: When triggered, it becomes a market order and fills at the next available prices.

• Stop Limit: When triggered, it becomes a limit order at your specified limit price, and will only fill if the market reaches that price.

Scale orders A scale order splits one larger order into multiple smaller limit orders placed across a price range. This is useful for entering or exiting positions gradually.

Order flags

IOC (Immediate-or-Cancel) Fills as much as possible right away at your limit price (or better). Any unfilled amount is canceled.

FOK (Fill-or-Kill) Either fills the entire order immediately at your limit price (or better), or it’s canceled with no partial fill.

Post Only Ensures your order adds liquidity (maker). If it would match immediately when placed, it’s canceled instead of taking liquidity.

Reduce Only Prevents an order from increasing your position. It can only reduce (or close) an existing position in that market. If you don’t have a position—or the order would increase it—the order won’t execute as an increase.