--- name: orderly-trading-orders description: Place, manage, and cancel orders using REST API or SDK hooks. Covers market, limit, IOC, FOK, POST_ONLY order types and batch operations --- # Orderly Network: Trading Orders This skill covers all aspects of order management on Orderly Network - placing, modifying, and canceling orders through REST API and React SDK. ## When to Use - Building a trading interface - Implementing order placement logic - Managing order lifecycle - Creating automated trading bots ## Prerequisites - Orderly account registered - Ed25519 API key with `trading` scope - Sufficient collateral in account ## Order Types | Type | Description | Use Case | | ----------- | ------------------------------- | ----------------------- | | `LIMIT` | Order at specific price | Precise entry/exit | | `MARKET` | Execute at best available price | Immediate execution | | `IOC` | Immediate-or-Cancel | Partial fill acceptable | | `FOK` | Fill-or-Kill | All or nothing | | `POST_ONLY` | Maker-only order | Earn maker rebates | | `ASK` | Best ask price guaranteed | Quick sell | | `BID` | Best bid price guaranteed | Quick buy | ## REST API: Place Order ### Endpoint ``` POST /v1/order ``` ### Request Body ```typescript interface OrderRequest { symbol: string; // e.g., "PERP_ETH_USDC" side: 'BUY' | 'SELL'; order_type: 'LIMIT' | 'MARKET' | 'IOC' | 'FOK' | 'POST_ONLY' | 'ASK' | 'BID'; order_price?: number; // Required for LIMIT orders order_quantity: number; // Base asset quantity visible_quantity?: number; // For hidden orders (0 = hidden) client_order_id?: string; // Your custom ID trigger_price?: string; // For stop orders } ``` ### Example ```typescript import { signAsync } from '@noble/ed25519'; async function placeOrder(order: OrderRequest) { const timestamp = Date.now(); const body = JSON.stringify(order); const message = `${timestamp}POST/v1/order${body}`; const signature = await signAsync(new TextEncoder().encode(message), privateKey); // Encode as base64url (browser & Node.js compatible) const base64 = btoa(String.fromCharCode(...signature)); const base64url = base64.replace(/\+/g, '-').replace(/\//g, '_').replace(/=+$/, ''); const response = await fetch('https://api.orderly.org/v1/order', { method: 'POST', headers: { 'Content-Type': 'application/json', 'orderly-timestamp': String(timestamp), 'orderly-account-id': accountId, 'orderly-key': `ed25519:${publicKeyBase58}`, 'orderly-signature': base64url, }, body, }); return response.json(); } // Place a limit buy order const order = await placeOrder({ symbol: 'PERP_ETH_USDC', side: 'BUY', order_type: 'LIMIT', order_price: 3000, order_quantity: 0.1, }); ``` ## React SDK: useOrderEntry The SDK provides a convenient hook for order entry: ```typescript import { useOrderEntry, OrderSide, OrderType } from '@orderly.network/hooks'; function OrderForm({ symbol }: { symbol: string }) { const { submit, setValue, getValue, helper, reset, isSubmitting } = useOrderEntry(symbol, { initialOrder: { side: OrderSide.BUY, order_type: OrderType.LIMIT, price: '', order_quantity: '', }, }); const handleSubmit = async (e: React.FormEvent) => { e.preventDefault(); // Validate before submission const validationResult = await helper.validate(); if (!validationResult) { console.error('Validation failed'); return; } try { await submit(); reset(); console.log('Order placed successfully'); } catch (error) { console.error('Order failed:', error); } }; return ( ); } ``` ## Order Validation Before submission, validate order parameters: ```typescript // Get order rules for a symbol const rulesResponse = await fetch('https://api.orderly.org/v1/public/info/PERP_ETH_USDC'); const rules = await rulesResponse.json(); /* Rules include: - base_min: Minimum order size - base_max: Maximum order size - base_tick: Size increment - quote_min: Minimum price - quote_max: Maximum price - quote_tick: Price increment - min_notional: Minimum order value */ function validateOrder(order: OrderRequest, rules: OrderRules): boolean { // Price filter if (order.order_price) { const price = parseFloat(order.order_price); if (price < rules.quote_min || price > rules.quote_max) { throw new Error('Price out of range'); } if ((price - rules.quote_min) % rules.quote_tick !== 0) { throw new Error('Invalid price tick'); } } // Size filter const quantity = parseFloat(order.order_quantity); if (quantity < rules.base_min || quantity > rules.base_max) { throw new Error('Quantity out of range'); } if ((quantity - rules.base_min) % rules.base_tick !== 0) { throw new Error('Invalid quantity tick'); } // Min notional const notional = (parseFloat(order.order_price) || 0) * quantity; if (notional < rules.min_notional) { throw new Error(`Minimum order value is ${rules.min_notional}`); } return true; } ``` ## Cancel Orders ### Cancel Single Order ```typescript // REST API DELETE /v1/order?order_id={order_id}&symbol={symbol} // React SDK import { useOrderStream } from '@orderly.network/hooks'; function OrderList() { const [orders, { cancelOrder }] = useOrderStream({ status: OrderStatus.INCOMPLETE, }); return orders.map((order) => (

{order.symbol} - {order.side} - {order.order_qty}

)); } ``` ### Cancel All Orders ```typescript // REST API - Cancel all open orders DELETE /v1/orders?symbol={symbol} // Optional symbol filter // React SDK const [orders, { cancelAllOrders }] = useOrderStream(); await cancelAllOrders(); // Cancel all await cancelAllOrders({ symbol: 'PERP_ETH_USDC' }); // Cancel for specific symbol ``` ### Cancel by Client Order ID ```typescript DELETE /v1/client/order?client_order_id={client_order_id}&symbol={symbol} ``` ## Batch Orders Place or cancel multiple orders in a single request: ```typescript // Batch create (max 10 orders) POST /v1/batch-order Body: { orders: [ { symbol: 'PERP_ETH_USDC', side: 'BUY', order_type: 'LIMIT', order_price: 3000, order_quantity: 0.1 }, { symbol: 'PERP_BTC_USDC', side: 'BUY', order_type: 'LIMIT', order_price: 50000, order_quantity: 0.01 } ] } // Batch cancel (max 10 orders) DELETE /v1/batch-order?order_ids={id1},{id2},... // Example const batchResponse = await fetch('https://api.orderly.org/v1/batch-order', { method: 'POST', headers: { /* auth headers */ }, body: JSON.stringify({ orders: [ { symbol: 'PERP_ETH_USDC', side: 'BUY', order_type: 'LIMIT', order_price: 3000, order_quantity: 0.1 }, { symbol: 'PERP_BTC_USDC', side: 'BUY', order_type: 'LIMIT', order_price: 50000, order_quantity: 0.01 } ] }), }); ``` ## Edit Orders Modify price or quantity of an existing order: ```typescript // REST API PUT /v1/order Body: { order_id: '123456', order_price: '3100', // New price order_quantity: '0.2', // New quantity } ``` ## Order Stream (Real-time) Monitor orders in real-time: ```typescript import { useOrderStream, OrderStatus } from '@orderly.network/hooks'; function OrderMonitor() { const [orders, { cancelOrder }] = useOrderStream({ status: OrderStatus.INCOMPLETE, }); return ( {orders.map((order) => ( ))}

Symbol	Side	Price	Quantity	Filled	Status	Action
{order.symbol}	{order.side}	{order.price}	{order.order_qty}	{order.filled_qty}	{order.status}

); } ``` ## Algo Orders (Stop, TP/SL) For Take-Profit and Stop-Loss orders, see the **orderly-positions-tpsl** skill. ```typescript // Basic algo order structure POST /v1/algo/order Body: { symbol: 'PERP_ETH_USDC', type: 'CLOSE_POSITION', algoType: 'TAKE_PROFIT', trigger_price: '3500', quantity: '0.1', } ``` ## Rate Limits | Endpoint | Rate Limit | | ---------------------- | ---------- | | POST /v1/order | 10 req/sec | | DELETE /v1/order | 10 req/sec | | PUT /v1/order | 10 req/sec | | POST /v1/batch-order | 1 req/sec | | DELETE /v1/batch-order | 10 req/sec | ## Order Status Flow ``` NEW → PARTIAL_FILLED → FILLED ↘ CANCELLED ↘ REJECTED (invalid orders) ↘ EXPIRED (GTD orders) ``` ## Common Issues ### "Insufficient margin" error - Check free collateral: `GET /v1/client/holding` - Reduce order size or add collateral ### "Price out of range" error - Order price must be within `price_range` of mark price - For BUY: price ≤ mark_price × (1 + price_range) - For SELL: price ≥ mark_price × (1 - price_range) ### "Invalid tick size" error - Price must be multiple of `quote_tick` - Quantity must be multiple of `base_tick` ### Order rejected immediately - Check `GET /v1/public/info/{symbol}` for order rules - Verify min_notional, price range, size limits ## Related Skills - **orderly-api-authentication** - How to sign requests - **orderly-positions-tpsl** - Managing positions and TP/SL - **orderly-websocket-streaming** - Real-time order updates - **orderly-sdk-react-hooks** - Full SDK reference

Orderly Trading Orders

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