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