Katana Perps — Market, Limit & Conditional Orders
Learn how market, limit, stop-loss and take-profit orders work on Katana Perps, including execution behavior, liquidity and risk-management use cases.
Market Orders
Market orders execute immediately against the best available liquidity. They prioritize speed over exact execution price and consume order-book liquidity.
Limit Orders
Limit orders execute only at the specified price or better. Unfilled limit orders can rest on the order book and add liquidity until matched or canceled.
Conditional Orders
Stop-loss and take-profit orders stay inactive until their trigger condition is met, then submit a market or limit order for execution.