We're excited to announce that our Guaranteed Price (GTD Price) mechanism has been supported both Trigger orders and Stop-Loss (SL) orders. This upgrade covers a wider range of trading pairs, providing you with a smoother and more reliable Perpetual Futures trading experience.
1. What is Guaranteed Price? What are its advantages?
Introduction: Guaranteed Price helps resolve the slippage issue for users. It ensures your order is filled at your preset price, regardless of drastic market fluctuations. It protects your trades and helps avoid unnecessary losses.
Applicable Order Type:
A：Trigger order
Ensure the actual filled price is the same as the preset order price once the trigger order is triggered.
B：Stop Loss order (Guaranteed SL)
Guarantee that the trader's actual close price is the same as the order price preset in TP/SL.
Note:
As Toobit assumes the risk of your slippage, a fee will be charged in the event that this risk materializes and triggers the mechanism.
Please note that Toobit Guaranteed Price does not charge upfront, but only charges a certain fee based on the trading volume when it is triggered (limited-time special offer for this feature).
To help you understand the advantages of Guaranteed Price, take Guaranteed SL as an example.
Three traders decide to go long on 1 BTC when the market price is 26,500 USDT. However, a flash crash occurs, causing the market price to plummet to 25,472.7 USDT. Each trader has a different risk management strategy, resulting in different outcomes for the same trade:
|
Trader
|
A
|
B
|
C
|
|
Stop Loss Method
|
SL Market Order
|
SL Limit Order
|
Guaranteed SL
|
|
Preset Stop Loss Price
|
25,840.0 USDT
|
25,840.0 USDT
|
25,840.0 USDT
|
|
Actual Stop Loss Price
|
25,472.7 USDT
|
None
|
25,840.0 USDT
|
|
Loss
|
1,027.3 USDT
([26,500 - 25,472.7] * 1)
|
Unknown
|
660 USDT
([26,500 - 25,840] * 1)
|
|
Case Analysis
|
SL market order is a market order that ensures the order is executed as quickly as possible, but it does not guarantee the filled price. Therefore, in the case of a sharp rise and fall in the market, the trader's order is eventually executed at the market price of 25,472.7.
|
SL limit order is a stop-loss set using a limit order. In the event of sharp market fluctuations, where the market price quickly moves beyond the predetermined price, it may result in the incomplete execution of the placed order.
|
Guaranteed SL order ensures that your position is always closed at your preset price. Therefore, the trader's order will be executed at precisely 25,840.0 regardless of market volatility or price gaps.
|
*Please note that this calculation process is a simplified example and does not include trading fees.
2. Which pairs are Toobit Guaranteed Price available for?
Guaranteed Price is currently only available for Perpetual Futures; the supported trading pairs are shown in the table below.
We are having a special offer for this feature now: the Guaranteed Price can be applied with discounted fees for a limited time! This means that you can try out this feature at an exceptionally favorable rate.
Please refer to official announcements from BingX for the specific end date of the promotion.
Special Note:
1. Toobit reserves the right to adjust the fees for Guaranteed Price feature or suspend it for certain trading pairs based on market conditions. Please refer to the trading interface for latest updates on supported trading pairs and fees.
2. Users engaging in arbitrage through malicious use of the Guaranteed Price feature will be deemed in violation. Appropriate measures will be taken, which can include restrictions on adjustment factors, fees, trading pairs on Guaranteed Price, and even the suspension of the feature.
| Trading Paris | Fee Rate |
| BTC-SWAP-USDT | 0.01% |
| ETH-SWAP-USDT | 0.01% |
| SOL/USDT | 0.40% |
| DOGE/USDT | 0.01% |
| FTM/USDT | 0.04% |
| SUI/USDT | 0.02% |
| WLD/USDT | 0.40% |
| FLOW/USDT | 0.20% |
| APE/USDT | 0.02% |
| 1000PEPE/USDT | 0.40% |
| XRP/USDT | 0.02% |
| UNI/USDT | 0.02% |
| APT/USDT | 0.02% |
| BNB/USDT | 0.01% |
| AVAX/USDT | 0.02% |
| ADA/USDT | 0.01% |
| NEAR/USDT | 0.04% |
| MASK/USDT | 0.03% |
| DYDX/USDT | 0.05% |
| AAVE/USDT | 0.02% |
| ARB/USDT | 0.01% |
| INJ/USDT | 0.02% |
| LTC/USDT | 0.01% |
| SUSHI/USDT | 0.05% |
| ORDI/USDT | 0.05% |
| ATOM/USDT | 0.02% |
| LDO/USDT | 0.02% |
| MANA/USDT | 0.03% |
| CRV/USDT | 0.20% |
| 1INCH/USDT | 0.03% |
GTD(Guaranteed Price) Fee = Filled Price * Fill Amount * Fee Rate
3. How to place a Guaranteed Price order on Toobit web ?
A：Trigger Order
B：SL Order
*Please note: Once a Guaranteed SL order is placed, its parameters cannot be modified.