Perpetuals order types

Raydium Perps uses an order book. Pick the order type based on whether you care more about immediate execution, exact price, or position management.

Order types

Raydium Perps supports these order types:

Order type	What it does	When to use it
Market	Buys or sells immediately against the best available order-book prices. Any unfilled remainder is canceled if the book cannot fill the full size.	You want immediate execution and accept possible slippage.
Limit	Buys or sells at your limit price or better. The order fills only if the market reaches that price.	You want price control and can wait for a fill.
Stop market	Stays inactive until the trigger price is reached, then becomes a market order.	You want an execution trigger and prioritize getting out or in once triggered.
Stop limit	Stays inactive until the trigger price is reached, then becomes a limit order.	You want a trigger but still want a limit price.
Scale	Splits one larger order into multiple smaller limit orders across a price range.	You want to enter or exit gradually.

Order flags change how limit-style orders behave.

Flag	Behavior
IOC	Immediate-or-cancel. Fills as much as possible immediately at your limit price or better, then cancels the unfilled remainder.
FOK	Fill-or-kill. Fills the entire order immediately at your limit price or better, or cancels with no partial fill.
Post-only	Adds liquidity as a maker. If it would match immediately, it cancels instead.
Reduce-only	Prevents the order from increasing your position. It can only reduce or close an existing position in that market.

Before submitting an order, confirm:

⌘I