Apex Docs
  • Overview
  • How it works
    • The Basics of Perpetual Futures and Perpetual Protocol
    • APEX Limit Order Design
    • Comparison with order book exchanges
  • User Guide
    • Add xDai Chain to Your Wallet
    • Acquiring xDAI tokens
    • Getting USDC on xDai
    • Interacting with xDai
    • Spawn your smart wallet
    • Funding your smart wallet
    • Approve Spend
    • Fees
    • Creating Orders
      • Creating Limit orders
  • Order Types
    • Understanding Slippage
    • Market Orders
    • Limit Orders
    • Stop Orders
      • Stop Market
      • Stop Limit
      • Stop Market vs Stop Limit
      • Trailing Stop Orders
  • Developer Guide
    • Smart Contracts
      • Limit Order Book
      • Smart Wallet Factory
      • Smart Wallet
    • Keeper Bots
      • Overview
      • Running your own bot
      • Documentation
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Order Types

The Perpetual Protocol is built upon a virtual automated market maker (vAMM). For this reason, although our advanced order types are functionally similar to those in centralised exchanges, there are a few important differences.

First, all of the orders and trades are public. Because of the public nature of blockchains the identity (address) that made the order is also public.

Second, all of the orders are effectively executed through all-or-nothing market trades. Unlike central limit order book (CLOB) exchanges, partial fills are not possible. For this reason, it might be worth splitting up larger limit orders into smaller orders at similar prices.

On APEX we support the following order types:

  • Market Orders

  • Limit Buy and Sell

  • Stop Orders (Stop Market and Stop Limit)

  • Trailing Stop Orders (Stop Market and Stop Limit)

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Last updated 4 years ago

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