Limit Orders

During periods of high congestion on the Solana network, Limit Orders may require multiple attempts to execute. Please note that execution is not guaranteed, as Solana remains in Beta and our systems are continuously being optimized to deliver the best possible user experience.

You can set Limit Orders, which can function as Stop-Loss or Take-Profit orders, in two ways:

• During position opening: Click the "Limit Orders" button.

• For an existing position: Click on the position, then use the "Limit Orders" panel that appears.

A Lower Limit (LL) places an order below the current price and helps to limit losses or secure gains by automatically closing your position once the price drops to or below the LL trigger. This limit order is placed under the "UL" order.

A Upper Limit (UL) places an order above the current price and helps to limit losses or secure gains by automatically closing your position once the price rises to or above the UL trigger. This limit order is placed above the "LL" order.

Above is an example on the SOL/USDC pair. The liquidation price is $153.19, and the lower limit order is set at $155. This setup is considered risky during high volatility, as the price may quickly drop through both your limit order and the liquidation point, resulting in liquidation before the limit order is triggered.

Best practice: avoid placing limit orders too close to your liquidation price. Execution is not guaranteed, and you may still be liquidated before the order is triggered.

Once LL/UL order is created, it appears under the "Opened positions" table. If not immediately visible, you may need to enable it via the column filter. You can adjust the trigger price from this table at any time. LL/UL orders trigger full position closure only (partial closures are not yet supported).

When a position is closed (manually or via LL/UL), all associated limit orders are automatically cancelled. A 0.05% fee on the notional value of the position is charged for any executed LL or UL order.

Limit Orders Swap

To enhance risk management and provide users with greater flexibility, DefiTuna allows you to choose which token your position will be swapped into when a limit order is triggered. This feature ensures a predictable and customizable outcome, matching your desired risk profile.