BBO (Best Bid and Offer) automatically sets your limit order price based on real-time market data from the order book. This eliminates the need for manual price entry, providing both a lightning-fast ordering experience and the price protection of a limit order.
Core Features & Modes
When choosing BBO mode, you can select different alignment levels based on your trading needs:
Opposite:
Buy: Aligns with the lowest ask (sell) price on the order book (e.g., Opposite 1).
Sell: Aligns with the highest bid (buy) price on the order book.
Features: Designed for faster execution, aiming for matching speeds similar to a market order.
Queue / Same Side:
Buy: Aligns with the highest bid (buy) price on the order book (e.g., Queue 1).
Sell: Aligns with the lowest ask (sell) price on the order book.
Features: Designed for better entry/closing costs by placing your order in the queue on the order book, saving on trading fees.
Auto Chase (Enabled by Default): Once enabled, the system updates your order price every second. If an order is not filled immediately, any remaining unfilled portion will be re-placed at the latest BBO price until fully executed. This effectively prevents orders from getting "stuck" when market prices move rapidly away.
Notes
1. Subject to Actual Display: Supported BBO levels may vary across different trading pairs and business modes. Please refer to the options displayed on the actual trading interface.
2. MEME Token Restrictions: Due to the extreme volatility and rapid short-term depth changes typical of MEME tokens, BBO limit orders can easily fail to execute in time due to sudden price spikes or drops. To protect trading security and user experience, BBO order mode is currently not supported for MEME token limit orders. We recommend using standard limit orders or market orders instead.