Order Types

Spot Orders

Order Type	Description	Behavior
Market	Execute immediately at the best available price	Fills at current market price. Subject to slippage based on size and liquidity depth.
Limit	Execute at a specified price or better	Rests until the market reaches the target price. May partially fill.

Spot orders are routed to on-chain liquidity venues. For automated liquidity pool execution, “limit” behavior is approximated through conditional execution — the transaction reverts if the price exceeds the specified threshold.

Perpetual Futures Orders

Order Type	Description	Behavior
Market	Open or close a position immediately	Fills against the orderbook at the best available price.
Limit	Open or close at a specified price	Rests on the orderbook until filled or cancelled.
Stop Market	Trigger a market order when price reaches a threshold	Used for stop-losses. Triggers a market order when the mark price crosses the stop price.
Stop Limit	Trigger a limit order when price reaches a threshold	Triggers a limit order at a specified price when the mark price crosses the stop price.
Take Profit	Close a position at a specified profit target	Functionally similar to a limit close, but expressed as a profit target relative to entry.

Order type availability depends on the underlying perps venue. The execution router selects order types compatible with the routed venue and presents only available options to the trader.

Order Type	Description	Behavior
Market	Purchase outcome shares at the current price	Fills at the current implied probability. Subject to slippage on large sizes.
Limit	Purchase outcome shares at a specified maximum price	Rests until the market price reaches the specified level.

Order Type

Description

Behavior

Market

Purchase outcome shares at the current price

Fills at the current implied probability. Subject to slippage on large sizes.

Limit

Purchase outcome shares at a specified maximum price

Rests until the market price reaches the specified level.

Slippage Protection

All market orders include configurable slippage tolerance. The default slippage is set conservatively. The trader can adjust it before confirmation.

If price movement during execution exceeds the slippage tolerance, the transaction reverts and no funds are spent (gas fees may still apply depending on the chain).

Time-in-Force

For order types that rest (limit, stop), the following time-in-force options may be available depending on the venue:

Option	Description
GTC (Good Till Cancelled)	Remains active until filled or manually cancelled
IOC (Immediate or Cancel)	Fills whatever is available immediately, cancels the remainder
FOK (Fill or Kill)	Fills the entire order immediately or cancels entirely

Omnera presents a unified order interface, but the specific behavior of each order type is determined by the underlying execution venue. Venue-specific details are shown in the execution confirmation before each trade.

Getting Started

How Omnera Works

Execution

Research

Roadmap

Order Types

Overview

Spot Orders

Perpetual Futures Orders

Prediction Market Orders

Slippage Protection

Time-in-Force

​Order Types

​Overview

​Spot Orders

​Perpetual Futures Orders

​Prediction Market Orders

​Slippage Protection

​Time-in-Force

Order Types

Overview

Spot Orders

Perpetual Futures Orders

Prediction Market Orders

Slippage Protection

Time-in-Force