Range orders are excellent for traders as no one can time the exact top or bottom. What they let you do is provide yourself with a buffer (i.e. room for error) when it comes to buying or selling. What does this look like in practice? You can create a limit order to put 1 eth for sell at 5000 USDC/ETH and receive 5000 USDC when the external price gets there. What if the external market prices goes to $4999 before a large drawdown happens? Your order doesn't fill and you will have to wait for the market price to get there in the future. An alternative, so that you don't miss out on selling by a $1 difference is to put your ETH for sell via a range order. An example could be, sell 1 ETH in a range of 4500-5000 USDC/ETH. If the external market price reaches 5000 USDC/ETH then you receive ~4,743.41 USDC. If the market price goes to 4999 USDC/ETH, you still sell the vast majority of your ETH for USDC. In essence, range orders are an excellent tool for scaling in and out of your...
One order to replace dozens — only on Carbon DeFi.
On @CarbonDeFixyz, one range order does the work of countless limit orders:
• Custom price range, adjustable on-the-fly
• 100% price certainty
• No expiry, no maker fees
• Full and partial fills
• Built-in solver uses chainwide liquidity to fill orders
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