Scale Orders

What is a Scale Order?

A scale order automatically places multiple limit orders distributed across a user-defined price range. This allows traders to build or exit a position gradually at different price levels, achieving a better average entry or exit price rather than committing to a single price point.

---

How Scale Orders Work

1

Price Range

Set the upper and lower price bounds for your orders. This defines the full range over which your limit orders will be distributed.

2

Number of Orders

Choose how many individual limit orders to place within the range. More orders provide finer granularity across the price range.

3

Order Size

Define the total size, which is distributed across the individual orders. Each order receives a portion of the total size based on the chosen distribution.

4

Distribution

Orders can be evenly spaced or weighted toward one end of the range. Weighting lets you concentrate more size at price levels you consider more favorable.

5

Execution

Each limit order rests on the book independently and fills when its price is reached. Orders do not depend on each other — any single order can fill without affecting the rest.

---

Example

For example, if you want to buy 10 ETH between $2,000 and $2,100 with 5 orders, the system places buy orders at $2,000, $2,025, $2,050, $2,075, and $2,100 — each for 2 ETH.

---

When to Use Scale Orders

• Building a position over a price range without committing to a single entry point

• Taking profit gradually at ascending price levels

• Providing liquidity across a range

• Reducing slippage on large orders by spreading across multiple price levels

---

Scale Orders vs. TWAP

• Scale orders distribute across price levels (spatial). TWAP distributes across time (temporal).

• Scale orders rest as limit orders on the book. TWAP sends market orders at intervals.

• Use scale orders when you want to define exact price levels. Use TWAP when you want to minimize time-based market impact.

For time-based execution, see TWAP.

---

Scale orders are individual limit orders — each one can be partially filled or cancelled independently. Monitor your open orders to track execution progress.