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Market Orders

Market orders are the simplest and fastest way to trade on PMF Finance. They execute immediately at the best available price.

How Market Orders Work​

When you place a market order:

  1. Immediate Execution: Your order executes instantly at the current market price
  2. Price Uncertainty: You get the best available price, but it may differ slightly from the displayed price
  3. Guaranteed Fill: Market orders almost always execute (unless the market is paused)

When to Use Market Orders​

Market orders are ideal when:

  • Speed is Priority: You want to enter or exit a position immediately
  • Market is Moving: Prices are changing rapidly and you don't want to miss the opportunity
  • Small Positions: For smaller trades where price precision is less critical
  • Emergency Exits: You need to close a position quickly due to changing circumstances

Placing a Market Order​

  1. Select your desired market
  2. Choose your position (Yes/No or specific outcome)
  3. Select "Market Order" as your order type
  4. Enter your trade amount in USDC
  5. Review the estimated execution price
  6. Click "Place Order" to execute

Important Considerations​

Slippage​

Market orders may experience slippage - the difference between expected and actual execution price. This typically occurs when:

  • Market is volatile
  • Large order size relative to available liquidity
  • Multiple traders are competing for the same positions

Market Impact​

Large market orders can move prices, especially in smaller markets. Consider breaking large orders into smaller pieces.

Example​

Scenario: You want to buy $100 worth of "Yes" shares in a market currently priced at $0.65.

Market Order Process:

  1. You place a market order for $100
  2. Order executes immediately at $0.65 (or close to it)
  3. You receive approximately 153 shares
  4. Total cost: $100 plus any fees

Fees​

Market orders are subject to standard trading fees. Check our fee schedule for current rates.

Tips for Market Orders​

  • Check Liquidity: Ensure sufficient liquidity before placing large market orders
  • Monitor Spreads: Wide bid-ask spreads increase slippage risk
  • Use Limit Orders: For large trades or when price precision matters, consider limit orders instead

Next Steps​