What is a Limit Order on Crypto Futures?

A Limit Order on Pluang's Crypto Futures lets you set the exact price at which you're willing to buy or sell a contract instead of accepting whatever the market currently offers — a Long Limit Order fills at your limit price or lower, and a Short Limit Order fills at your limit price or higher, and either one is only guaranteed to fill if a matching counterparty exists at that level. This makes a Limit Order the right tool when getting a specific price matters more to you than getting in or out immediately, since your order simply waits in the order book until the market comes to your level rather than chasing the current price. Once placed, a Limit Order stays valid for up to 90 days, giving you a long window for the market to reach your target before you'd need to replace it.

• Long Limit Order (Buy): executes at your limit price or lower, as long as there are sellers willing to sell at that price. Example: market price is 105,000 USDT, but you set a limit of 90,000 USDT for a 100 BTC Long — your order only fills if the price drops to 90,000 USDT or lower, and sits untouched in the order book until then.
• Short Limit Order (Sell): executes at your limit price or higher, as long as there are buyers willing to buy at that price. Example: market price is 90,000 USDT, but you set a limit of 100,000 USDT for a 100 BTC Short — your order only fills if the price rises to 100,000 USDT or higher.
• It's not always filled at the exact limit price — the final result depends on order book liquidity at that price level, and in a fast-moving market your order can also fill at a better price than your limit if conditions allow.
• Validity: Limit Orders remain active for up to 90 days from placement. They are automatically canceled after 90 days if not executed, or you can cancel them manually at any point before then.

Related questions:

Q: How long does a Limit Order stay active on Crypto Futures?
Up to 90 days from when you place it — it's automatically canceled after 90 days if still unfilled, or sooner if you cancel it yourself, so you don't need to keep resubmitting a standing order that hasn't been reached yet.

Q: Will my Limit Order definitely fill once the price reaches my limit?
Not necessarily — it fills only if there's enough matching liquidity in the order book at your limit price when it's reached; in thin markets, price can briefly touch your level without enough volume to fill your full order.

Q: What's the difference between a Limit Order and a Market Order?
A Limit Order only fills at your specified price or better, but isn't guaranteed to fill at all; a Market Order fills immediately at the best available price with a guaranteed fill but no price guarantee.

Q: Can I cancel or amend a Limit Order before it fills?
Yes — you can cancel an unfilled Limit Order at any time within its 90-day validity, and amending the price or amount is treated the same as replacing the standing order in the book.