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<p>When trading <strong>BYDFi Perpetual Contracts</strong>, you can choose between two stop-loss trigger methods: <strong>Last Price Trigger</strong> and <strong>Mark Price Trigger</strong>. Knowing their differences is crucial for effective risk management.</p><p><br></p><h2>🔹 Last Price Trigger (Default)</h2><ul><li>Uses the latest traded price as the trigger condition.</li><li>Easier to anticipate the execution price.</li></ul><p>⚠️ Risk: Forced liquidation may occur first, since liquidation is triggered by the Mark Price, not the Last Price.</p><p><br></p><h2>🔹 Mark Price Trigger</h2><ul><li>Uses the Mark Price (calculated from index price + funding rates) as the trigger condition.</li><li>Helps reduce unnecessary liquidations.</li></ul><p>⚠️ Risk: Since final execution still uses the Last Price, slippage may occur if Mark Price and Last Price differ.</p><p><br></p><h2>How to Set Trigger Price Method on PC</h2><p>1. Open the Perpetual Contracts Position page.</p><p>2. Click the edit icon in the Stop Loss modifier area.<img src="https://uploads.bydfi.in/events/cms/BYD.1758104952964.image.png" alt="BYD.1758104952964.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758104952964.image.png" style="width: 100%;"/></p><p>3. Choose Last Price or Mark Price as your trigger method.</p><p>4. Enter your stop-loss price and confirm.</p><p><img src="https://uploads.bydfi.in/events/cms/BYD.1758104980611.image.png" alt="BYD.1758104980611.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758104980611.image.png" style="width: 100%;"/></p><p>✅ On PC, selecting between <strong>Mark Price</strong> and <strong>Last Price</strong> triggers gives you more control over liquidation risk versus execution accuracy.</p>

Difference Between Mark Price and Last Price Stop-Loss Trigger on BYDFi (PC)

Mark Price vs Last Price Stop-Loss Trigger｜BYDFi Help Center

<p><img src="https://uploads.bydfi.in/events/cms/BYD.1744338393876.image.png" alt="BYD.1744338393876.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1744338393876.image.png" style="width: 100%;"/></p><p>BYDFi provides COIN-M and USDT-M in perpetual contracts. The following introduces and analyzes USDT-M and COIN-M for you:</p><p><br></p><h3>USDT-M Perpetual Contracts </h3><p><br></p><p><a href="https://www.bydfi.com/en/swap/btc-usdt" target="_blank">USDT-M Perpetual Contracts </a>are cryptocurrency derivatives that quoted and settled in USDT, representing the value of traders buying and selling specific assets at a pre-determined price at a specific time in the future.</p><p><br></p><p>Many traders prefer to trade USDT-M perpetual contracts because there is no need to worry about whether the cryptocurrency is bullish, bearish, or stagnant. Short selling enables traders to sell high and buy low, profiting from the price difference, thus making market-neutral trading strategies possible. At the same time, leverage can bring significant gains from smaller price swings. USDT-M Perpetual Contracts are suitable for those who move in and out of the market quickly in order to profit from identified potential setups.</p><p><br></p><h3>Advantages and Disadvantages of USDT-M Perpetual Contracts </h3><p><br></p><p>The USDT-M Perpetual Contracts on BYDFi are settled and quoted in USDT, enabling traders to maximize their return on investment.</p><p><br></p><p>They allow for greater capital efficiency because traders do not have to use large sums to purchase cryptocurrencies. In addition, the settlement of stablecoins makes USDT-M Perpetual Contracts simpler and more intuitive, as it is easier to calculate profits and potential losses. No matter how the market direction changes, traders can profit through the USDT-M Perpetual Contracts because only USDT is required to be held as collateral. Therefore, traders can go long or short while maintaining the same buying power. This functionality is important during periods of high volatility, as USDT-M Perpetual Contracts help hedge against large price swings. In addition, the perpetual contract has no expiration date, and traders can hold positions permanently unless forced liquidation is triggered.</p><p><br></p><h3>COIN-M Perpetual Contracts</h3><p><br></p><p>COIN-M Perpetual Contracts derive value from the underlying cryptocurrency they represent. It offers long-term investors the opportunity to join the contract market without converting crypto assets into stablecoins. Holders can leverage COIN-M Perpetual Contracts to expand their investments, as these portfolios are settled in the underlying cryptocurrency.</p><p><br></p><p>For example, the <a href="https://www.bydfi.com/en/swap/eth-usd" target="_blank">ETH COIN-M Perpetual Contract </a>rebates in ETH, giving it an advantage in an uptrend. Traders can not only profit from the transaction, but as the price rises, the value of the virtual currency held will also increase.</p><p><br></p><h3>Advantages and Disadvantages of COIN-M Perpetual Contracts </h3><p><br></p><p>The COIN-M Perpetual Contracts on BYDFi are settled and denominated in the base cryptocurrency, and traders can use the cryptocurrency of their choice to fund the account. Long-term investors do not have to convert digital assets into stablecoins. On the contrary, market participants can continue to hold for a long time, expand investment when the transaction is profitable, and benefit from the structure of the COIN-M contracts, so the COIN-M Perpetual Contracts are very suitable for traders who seek to maximize returns during the rising period.</p><p><br></p><p>Even if the market conditions are bleak, holders can still hedge their positions using COIN-M Perpetual Contracts because they don’t need to compromise to sell any cryptocurrency. If the price of the underlying asset falls, the income from the currency-based exchange is sufficient to offset the loss of the investment portfolio. Although it was mentioned above that COIN-M perpetual contracts have many advantages, holders still need to be cautious about these financial instruments.</p><p> </p><p><strong>Conclusion</strong></p><p><br></p><p>USDT-M Perpetual Contracts are quoted and settled in USDT, which can effectively calculate returns. Some traders prefer to trade USDT-M Perpetual Contracts because they are safer and more reliable, especially during long-term declines; while COIN-M Perpetual Contracts are traded on the basis of cryptocurrencies, traders can continue to hold their crypto assets as collateral long-term instead of stablecoins.</p><p><br></p><p>Deciding whether to trade USDT-M Perpetual Contracts or COIN-M Perpetual Contracts depends on the trader's expertise in the cryptocurrency market and risk tolerance. The former appeals to users who want to make quick transactions, while the latter is more common among long-term investors and holders.</p><p><br></p><p><em>Disclaimer:</em> Cryptocurrency assets are volatile products and high-risk investments. Significant price fluctuations may cause your holdings to increase or decrease in value significantly at any time. Therefore, before deciding to trade, please assess the risks involved based on your financial resources and experience. BYDFi does not recommend that you buy, sell, or hold any cryptocurrency. Please do your research and consult with your financial advisor before making any investment decisions.</p>

How to Figure Out Whether a Trader Is Suitable for USDT-M or COIN-M Perpetual Contracts

USDT-M or COIN-M Perpetual — Which Suits You?｜BYDFi Help Center

<p><img src="https://uploads.bydfi.in/events/cms1736162420660LpR6oEakIJGI.png" alt="image.png" data-href="" style="width: 100%;"/>The index price is the total price extracted from the mainstream spot exchanges, which is done to prevent price manipulation by a single exchange.</p><p><br></p><p>Reference trading markets include: Binance, Okex, Coinbase, Bybit, BitStamp</p><p><br></p><p>The index price can be regarded as a fair spot price, which we use to calculate the mark price (for further calculation of the unrealized profit and loss of each contract). Please note that the actual profit and loss of the account is based on the market price of the transaction when the position is closed.</p><p><br></p><p>Under abnormal price fluctuations and extreme market conditions, BYDFi will adjust the components of the index price.</p><p><br></p><p>At the same time, BYDFi also takes some additional protective measures to avoid poor market performance due to interruptions in spot market prices or connection problems. The protection measures are as follows:</p><p><br></p><p><strong>Single Price Source Deviation</strong></p><p>When the latest price of an exchange deviates by more than 1% from the median price of all price sources, the price weight for that exchange will be set to zero.</p><p><br></p><p><strong>Multiple Price Source Deviation</strong></p><p>If the latest price of more than one exchange deviates by more than 5%, the median price of all price sources will replace their weighted average and be used as the index price value.</p><p><br></p><p><strong>Latest Transaction Price Protection</strong></p><p>When the "Index Price" and "Note Price" matching systems cannot obtain a stable and reliable source of reference data, for contracts with a single index price component, the index will be affected (the index price does not change or the index price deviates greatly from the latest price), and we will use the latest transaction price protection mechanism to update the mark price until it returns to normal. The latest transaction price protection is a method to temporarily switch the mark price of the contract. Using the latest transaction price of the contract itself plus a certain limit as the mark price enables the matching system to calculate the unrealized profit and loss and forced equalization and, at the same time, try to avoid unnecessary forced liquidation events.</p>

Index Price

Index Price Explained｜BYDFi Help Center

<p>In the <strong>BYDFi App</strong>, traders can also set stop-loss orders with either <strong>Last Price Trigger</strong> or <strong>Mark Price Trigger</strong>. Each option works differently under volatile conditions.</p><p><br></p><h2>🔹 Last Price Trigger (Default)</h2><ul><li>Stop-loss is triggered based on the most recent trade price.</li><li>Easier for traders to predict outcomes.</li></ul><p>⚠️ Risk: Since liquidation uses the Mark Price, your stop-loss might not activate before liquidation occurs.</p><p><br></p><h2>🔹 Mark Price Trigger</h2><ul><li>Stop-loss is triggered by the Mark Price, reducing liquidation risk.</li><li>Ensures positions are closed before liquidation is hit.</li></ul><p>⚠️ Risk: Execution still depends on Last Price, so there can be slippage if the two prices differ.</p><p><br></p><h2>How to Set Trigger Price Method on APP</h2><p>1. Log in to the BYDFi App and open the Perpetual Contracts trading page.</p><p>2. Select the position you want to manage.</p><p><img src="https://uploads.bydfi.in/events/cms/BYD.1758105328418.image.png" alt="BYD.1758105328418.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758105328418.image.png" style="width: 50%;"/></p><p>3. In the Stop Loss settings, choose either Last Price or Mark Price.</p><p>4. Enter your stop-loss price and save changes.</p><p><img src="https://uploads.bydfi.in/events/cms/BYD.1758105348533.image.png" alt="BYD.1758105348533.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758105348533.image.png" style="width: 50%;"/></p><p>✅ On the App, choosing <strong>Mark Price</strong> can better protect against forced liquidation, while <strong>Last Price</strong> makes execution more predictable.</p>

Difference Between Mark Price and Last Price Stop-Loss Trigger on BYDFi (APP)

Mark Price vs Last Price Stop-Loss Trigger (APP)｜BYDFi Help Center

<p>Stop Limit and Stop Market orders are advanced trading features in BYDFi Perpetual Contracts. They help traders automate Stop Loss (SL) and Take Profit (TP), protect positions, and manage risk without constantly monitoring charts.</p><p>⚠️ Note: In <strong>One-Way Position Mode</strong>, you cannot enable TP/SL and Reduce-Only at the same time.</p><p><br></p><h2>How to Place Stop Limit / Stop Market Orders on the App</h2><h3>1. Open the Perpetual Contract Page</h3><ul><li>Log in to the BYDFi App.</li><li>Tap Futures on the homepage to enter the Perpetual Contracts trading section.</li></ul><p><img src="https://uploads.bydfi.in/events/cms/BYD.1758622990956.image.png" alt="BYD.1758622990956.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758622990956.image.png" style="width: 50%;"/></p><h3>2. Select Stop Order Mode</h3><ul><li>On the order panel, tap to switch to Stop Limit or Stop Market.</li></ul><p><img src="https://uploads.bydfi.in/events/cms/BYD.1758623014053.image.png" alt="BYD.1758623014053.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758623014053.image.png" style="width: 50%;"/></p><h3>3. Set Trigger and Limit Prices</h3><ul><li>Stop Limit: Set both a Trigger Price and a Limit Price.</li><li>Stop Market: Set a Trigger Price only — once triggered, the system executes a market order at the best available price.</li></ul><p><img src="https://uploads.bydfi.in/events/cms/BYD.1758623043218.image.png" alt="BYD.1758623043218.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758623043218.image.png" style="width: 50%;"/></p><h3>4. Configure Stop Loss / Take Profit</h3><ul><li>Tick TP/SL in the order settings.</li><li>Tap Advanced to choose whether to use Latest Price or Mark Price as the trigger reference.</li></ul><p><img src="https://uploads.bydfi.in/events/cms/BYD.1758623067809.image.png" alt="BYD.1758623067809.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758623067809.image.png" style="width: 50%;"/></p><p><br></p><h2>Stop Limit / Stop Market FAQ (APP)</h2><p><strong>Why does my Stop Loss / Take Profit order appear when I open a position?</strong><br><br>The system automatically generates conditional orders based on your position type and trigger price:</p><table style="width: auto;"><tbody><tr><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Direction</th><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger Condition</th><th colspan="1" rowspan="1" width="auto" style="text-align: center;">TP/SL Order Type</th></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Long</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger ≥ Mark Price</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limit SL Order</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Long</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger &lt; Mark Price</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limit TP Order</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Short</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger ≤ Mark Price</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limit SL Order</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Short</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger &gt; Mark Price</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limit TP Order</td></tr></tbody></table><p><br></p><h3>Example Scenario (APP)</h3><ul><li>Current BTC Price: 114,000 USDT</li><li>User wants to buy: 1 BTC at 113,000 USDT</li></ul><p><strong>Step 1: Set Orders</strong></p><ul><li>Trigger Price = 115,000 USDT</li><li>Limit Price = 115,500 USDT</li></ul><p><strong>Step 2: Order Behavior</strong></p><ul><li>If BTC falls to 113,000 USDT → Buy is triggered. The Limit TP order at 115,500 USDT is cancelled.</li><li>If BTC rises to 115,000 USDT → Buy is triggered at 115,500 USDT. The Limit SL order at 113,000 USDT is cancelled.</li></ul><p>➡️ This ensures TP/SL orders are dynamically managed depending on market moves.</p><p><br></p><h2>Key Takeaways for App Users</h2><ul><li>Stop Limit Orders: Offer more price control, but may not execute instantly during volatility.</li><li>Stop Market Orders: Prioritize speed — once triggered, orders execute immediately at the best market price.</li><li>Always pay attention to whether you’re using Mark Price or Latest Price as your trigger reference to avoid unexpected results.</li></ul><p>✅ With Stop Limit and Stop Market Orders in the BYDFi App, you can automate trading strategies, better manage risks, and protect your positions anytime, anywhere.</p>

How to Use Stop Limit and Stop Market Orders in BYDFi Perpetual Contracts (APP)

How to Use Stop-Limit & Stop-Market Orders in BYDFi Perpetual Contracts (APP)｜BYDFi Help Center

<p>Stop Limit and Stop Market orders are advanced trading tools available on <strong>BYDFi Perpetual Contracts</strong>. They allow traders to automate <strong>Stop Loss (SL)</strong> and <strong>Take Profit (TP)</strong> strategies, protect positions, and manage risk without constantly monitoring the market.</p><p>⚠️ Note: If you select One-Way Position Mode, you cannot enable TP/SL and Reduce-Only at the same time.</p><p><br></p><h2>How to Place Stop Limit / Stop Market Orders on Perpetual Contracts</h2><h3>1. Enter the Perpetual Contract Trading Page</h3><p>Log in to your BYDFi account and navigate to the <strong>Perpetual Contract Trading</strong> page.<img src="https://uploads.bydfi.in/events/cms/BYD.1755759973099.image.png" alt="BYD.1755759973099.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1755759973099.image.png" style="width: 100%;"/></p><h3>2. Select Stop Order Mode</h3><p>Choose <strong>Stop Limit</strong> or <strong>Stop Market</strong> from the order panel.</p><p><img src="https://uploads.bydfi.in/events/cms/BYD.1755760018288.image.png" alt="BYD.1755760018288.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1755760018288.image.png" style="width: 100%;"/></p><h3>3. Set Trigger and Limit Prices</h3><ul><li>Stop Limit: define both a Trigger Price and a Limit Price.</li><li>Stop Market: define a Trigger Price, and the system will execute a market order once triggered.</li></ul><p><img src="https://uploads.bydfi.in/events/cms/BYD.1755760186275.image.png" alt="BYD.1755760186275.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1755760186275.image.png" style="width: 100%;"/></p><h3>4. Set Stop Loss / Take Profit</h3><ul><li>You can set a general Stop Loss.</li><li>Tick TP/SL, then click Advanced to select Latest Price or Mark Price as your reference.</li></ul><p><img src="https://uploads.bydfi.in/events/cms/BYD.1755760251324.image.png" alt="BYD.1755760251324.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1755760251324.image.png" style="width: 100%;"/></p><p><br></p><h2>Stop Limit / Stop Market FAQ</h2><p><strong>Why is my Stop Loss / Take Profit order displayed when opening a position?</strong></p><p>The system generates conditional orders based on your position type and trigger price:</p><table style="width: auto;"><tbody><tr><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Direction</th><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger Condition</th><th colspan="1" rowspan="1" width="auto" style="text-align: center;">TP/SL Order Type</th></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Long</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger ≥ Mark Price</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limit SL Order</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Long</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger &lt; Mark Price</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limit TP Order</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Short</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger ≤ Mark Price</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limit SL Order</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Short</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trigger &gt; Mark Price</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limit TP Order</td></tr></tbody></table><p><br></p><h3>Example Scenario</h3><ul><li>Current BTC Price: 114,000 USDT</li><li>User Wants to Buy: 1 BTC at 113,000 USDT</li></ul><p><strong>Step 1: Set Orders</strong></p><ul><li>Trigger: 115,000 USDT</li><li>Limit Price: 115,500 USDT</li></ul><p><strong>Step 2: Order Behavior</strong></p><ol><li>If BTC drops to 113,000 USDT: Buy is triggered. The Limit TP order at 115,500 USDT is cancelled.</li><li>If BTC rises to 115,000 USDT: Buy is triggered at 115,500 USDT. The Limit SL order at 113,000 USDT is cancelled.</li></ol><p>This ensures that your TP/SL orders are dynamically managed based on market movements.</p><p><br></p><h2>Key Takeaways</h2><ul><li>Stop Limit Orders: Provide more price control but may not execute instantly during high volatility.</li><li>Stop Market Orders: Execute immediately at the best available price, prioritizing speed over price control.</li><li>Always monitor Mark Price vs. Latest Price when setting triggers to avoid unexpected execution outcomes.</li></ul>

How to Use Stop Limit and Stop Market Orders in BYDFi Perpetual Contracts (PC)

Using Stop-Limit & Stop-Market Orders in BYDFi Perpetual Contracts (PC)｜BYDFi Help Center

<p>In cryptocurrency trading, <strong>Stop Limit</strong> and <strong>Stop Market orders</strong> are advanced order types that help traders manage risk, protect profits, and automate trades.</p><p>They are especially useful for setting <strong>Stop Loss (SL)</strong> and <strong>Take Profit (TP)</strong> levels without needing to monitor the market 24/7.</p><p><br></p><h2>What Is a Stop Limit Order?</h2><p>A <strong>Stop Limit Order</strong> combines the function of a <strong>Stop Loss trigger</strong> with a <strong>Limit Order</strong>.</p><ul><li>Once the Trigger Price (Stop Loss) is reached, a Limit Order will be automatically placed.</li><li>The Limit Price is the price at which the order will be posted in the order book.</li></ul><p>👉 In simple terms:</p><ul><li>The Trigger Price activates the order.</li><li>The Limit Price defines the exact price you want the trade to execute at.</li></ul><p><br></p><h3>How It Works</h3><ul><li>For Buy Orders (Longs): The Limit Price is usually set higher than the Trigger Price.</li><li>For Sell Orders (Shorts): The Limit Price is usually set lower than the Trigger Price.</li></ul><p>This is because there may be a <strong>time gap</strong> between the moment the trigger is hit and when the Limit Order is posted, during which the market price may move.</p><p><br></p><h3>Example of a Stop Limit Order</h3><ul><li>BTC is trading at 114,000 USDT.</li><li>You set a Trigger Price at 113,000 USDT and a Limit Price at 112,900 USDT.</li><li>Once BTC hits 113,000 USDT, a Sell Limit Order at 112,900 USDT will be placed.</li><li>If BTC drops further, your position is protected within the set price range.</li></ul><p><br></p><h2>What Is a Stop Market Order?</h2><p>A <strong>Stop Market Order</strong> converts into a <strong>Market Order</strong> once the Trigger Price is reached.</p><ul><li>This ensures the trade is executed immediately at the best available market price.</li><li>It prioritizes speed over price control.</li></ul><p>⚠️ <strong>Note</strong>: During high volatility, the final execution price may differ from the visible price at the time of placing the order. This is called <strong>slippage</strong>. Traders should always consider <strong>market depth</strong> and <strong>price fluctuations</strong> before using Stop Market orders.</p><p><br></p><h2>What Is OTOCO in Limit/Market Stop Loss?</h2><p><img src="https://uploads.bydfi.in/events/cmsBYD.1735561514085.image.png" alt="BYD.1735561514085.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561514085.image.png" style="width: 50%;"/></p><p><strong>OTOCO</strong> stands for <strong>One-Triggers-a-One-Cancels-the-Other</strong>. It is a conditional order structure used for <strong>Stop Loss (SL) / Take Profit (TP)</strong> setups.</p><ul><li>The main order (A) is your entry order.</li><li>Once A is filled, it automatically triggers two sub-orders (B and C), usually one Stop Loss and one Take Profit.</li><li>If B is executed, C is automatically cancelled.</li><li>If C is executed, B is automatically cancelled.</li></ul><p>👉 The linked sub-orders (B and C) are called <strong>OCO Orders</strong> (One-Cancels-the-Other).</p><p>This ensures only one exit order is executed, protecting your capital while securing potential profits.</p><p><br></p><h2>Important Notes for BYDFi Traders</h2><ul><li>You can set up to 10 SL/TP orders for all open positions.</li><li>Once placed, SL/TP orders will appear under the Orders section.</li><li>For step-by-step instructions, see: <a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/f455u1yfkzbz?title=How+to+Use+Stop+Limit+and+Stop+Market+Orders+in+BYDFi+Perpetual+Contracts+%28PC%29" target="_blank">How to Use Stop Limit and Stop Market Orders in BYDFi Perpetual Contracts (PC)</a></li></ul><p><br></p><h2>Summary: Stop Limit vs Stop Market Orders</h2><table style="width: auto;"><tbody><tr><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Feature</th><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Stop Limit Order</th><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Stop Market Order</th></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Execution Method</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Posts a Limit Order once Trigger Price is hit</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Converts directly into Market Order</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Price Control</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">High (you set the exact Limit Price)</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Low (filled at best available price)</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Risk of Slippage</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Lower</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Higher, especially in volatile markets</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Speed of Execution</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Depends on market reaching Limit Price</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Immediate once triggered</td></tr></tbody></table><p>✅ <strong>Stop Limit</strong> = More price control, less execution certainty.</p><p>✅ <strong>Stop Market</strong> = Faster execution, less control over final price.</p><p><br></p><h2>Why Use Stop Limit / Stop Market Orders?</h2><ul><li>Risk Management: Protect yourself from unexpected market drops.</li><li>Profit Protection: Automatically lock in gains when the price moves in your favor.</li><li>Convenience: Set-and-forget trading strategy.</li></ul>

What Is Stop Limit/Stop Market?

What Is Stop Limit / Stop Market Order?｜BYDFi Help Center