Dear Users,

To further improve the trading experience, BingX Perpetual Futures has now launched the "Maximum Slippage" feature for market orders.

The maximum slippage setting determines the worst filled price you are willing to accept. You can set the maximum slippage by ratio or by absolute price difference from the Best Bid/Ask. Any portion of the order that exceeds this limit will be canceled.

Try it on Web >>

To try it on app, please upgrade your app to version 4.76.5 or above

*The current feature is in grayscale testing and being launched in phases. If you do not yet see the entry, please wait for future updates.

1. Advantages of Maximum Slippage:

Greater Trading Control:

Ensures smooth execution of market orders and avoids filled prices deviating from expectations due to significant market volatility.

More Transparent Costs:

Allows traders to estimate the maximum possible execution price in advance, mitigating the risk of extreme price fluctuations commonly associated with market orders.

2. How does Maximum Slippage Work:

After selecting "Maximum Slippage", the order will only be executed if the price is within the preset slippage range.

You can set the maximum slippage by "Price" or "Ratio," and customize as needed.

Set by "Price":

For example, if you set the maximum slippage at 10 and plan to go long 10 BTC with the current price at 90,000 USDT, but there are only 8 BTC worth of sell orders available within the price range of 90,000 to 90,010 USDT, the system will execute the order for 8 BTC and cancel the remaining portion.

Set by "Ratio":

For example, if you set the maximum slippage at 0.01% and plan to go long 10 BTC, with the current price at 90,000 USDT, then the corresponding maximum slippage is 9 USDT.If there are only 7 BTC available for execution within the price range of 90,000 to 90,009 USDT, the system will only execute the order for those 7 BTC, and the remainder of the order will be canceled.

3. How to Set Up and Use the "Maximum Slippage" Feature?

1. Click the "..." in the upper right corner, click "Preferences", and enable "Maximum Slippage".

*If the value of a market order exceeds a certain threshold, the system will automatically enable "Maximum Slippage" for you to prevent abnormal fills. The default thresholds are as follows:

BTC, ETH: Single order value exceeds 3,000,000 USDT; Other coins: single order value exceeds 300,000 USDT

2. Select "Market", maximum slippage is checked by default. You can set a slippage limit by "Price" or "Ratio", and customize the value.

3. Select "Open Long" or "Open Short", and you can see the maximum slippage and the estimated slippage in the pop-up prompt.

4. You can also set the maximum slippage when closing positions. After the trade is completed, you can view the maximum slippage ratio, actual slippage, and filled ratio in the order history.