ABOUT
PRODUCTS
COMMUNITY
DEVELOPERS

Perpetual

Spot

hot
hot

APEX BLOG

Stay at the forefront of decentralization
with regular ApeX news, deals and research.

    Filters
    AllAnnouncementsPlatform Updates

    Change in Maximum Position and Order Sizes (Oct)

    Oct 29, 2023

    2 min read

    DEX

    banner

    Dear ApeXers,

    At ApeX Pro, we're committed to providing you with the best trading experience and ensuring that our trading platform is optimized for your needs.

    Please note the adjustments for maximum position size, maximum order size and open position limit for available contracts on ApeX Pro, effective from October 27, 2023, 12AM UTC onwards. These updates are designed to make your trading journey even more seamless, fair and secure.

    Please view the changes on the table below, and read on to stay informed and maximize your trading potential:

    Maximum Position Size: The maximum position size refers to the largest allowable size that a user can hold within a specific contract offered on ApeX Pro.

    For instance, for the BTC-USD contract, the maximum position size is 130 BTC. This means that a trader cannot accumulate a position exceeding 130 BTC in that specific contract.

    Maximum Order Size: The maximum order size is the largest size a user can trade in a single transaction.

    For instance, with the ETH-USD contract, the maximum order size is set at 800 ETH. However, it's important to note that this is different from the maximum position size (defined above) for the same contract, which stands at 1,700 ETH.

    Suppose a user executes three transactions, each involving 800 ETH, 800 ETH, and 100 ETH, respectively. In this case, the maximum position size accumulates to 1,700 ETH. This means that the trader cannot open additional positions within this specific contract.

    Open Position Limit: Open Interest limit refers to the maximum allowable total position size within a specific contract. For instance, in the BTC-USD contract, the open interest limit is set at 5%. This indicates that if the cumulative open positions of all users on ApeX Pro reach 100 BTC, an individual user can open a position with a maximum size of 5 BTC, calculated as 5% of the total open interest (100 BTC x 5%).

    Note that derivative trading can be highly volatile. Please exercise caution and manage your risks prudently.

    If you have any questions, please contact us via the ApeX Pro Discord channel.

    ApeX Pro Team

    0