Orderbook Trading

Visit the Orderbook App

Step 1: Visit the orderbook app and sign in to get started. You can visit Bluefin perps at https://trade.bluefin.io/pro/BTC-PERP.

Check Out the Orderbook

Step 2: You can check out the trade on the Orderbook with the prices and select any of the orders to match a trade.

Check out the Trading Section

Step 3: On the right side you’ll find where you can buy/long and sell/short tokens with different order types.Toggle different order types to set the order you want when you want to trade.

Place Market Orders

Step 4: Market orders are executed immediately at the best available price. They’re useful when you want to buy or sell quickly without waiting for a specific price.To place a market order:

• Select “Market” from the order type dropdown
• Enter the quantity you want to trade
• Click “Buy/Long” (green button) or “Sell/Short” (red button)

Market orders guarantee execution but not price. In volatile markets, you might experience slippage: getting a slightly different price than expected.

Place Limit Orders

Step 5: Limit orders allow you to specify the exact price at which you want to buy or sell. They’re ideal when you want to get a specific price rather than accepting whatever is currently available.To place a limit order:

• Select “Limit” from the order type dropdown
• Enter the price at which you want to execute the trade
• Enter the quantity you want to trade
• Click “Buy/Long” (green button) or “Sell/Short” (red button).

Limit orders guarantee price but not execution. Your order will only fill when the market reaches your specified price. If the market doesn’t reach your price, your order remains unfilled in the orderbook.

Place Conditional Orders

Step 6: Conditional orders let you create orders that only trigger when certain market conditions are met. They’re especially useful for implementing stop losses or taking profits at predetermined price levels.To place a conditional order:

• Select “Conditional” from the order type dropdown.
• Set your trigger price (the price at which your order activates).
• Choose your order type (market or limit) that will execute after triggering.
• Enter the quantity you want to trade.

Conditional orders help automate your trading strategy and manage risk. They remain dormant until the market reaches your trigger price, at which point they become active orders in the orderbook.