What's the difference between Market Close and Limit Close on Crypto Futures?
Market Close executes your chosen quantity immediately at the best available price in the order book, so your position (or the portion you selected) is closed right away without waiting for a specific price. Limit Close instead rests as an open order until the market reaches the price you specify or better, so it can fill at a price you choose but isn't guaranteed to fill immediately — or at all, if the market never reaches your price. Both work the same way whether you're closing a position fully or partially: you set a quantity (defaulting to 100%), choose between the two using the "Limit Order" option next to the Price field in the same Close Position sheet or panel, and for Limit you must also enter a Limit Price, which is validated against the current tick size and market side before it can be submitted.
| Market Close | Limit Close | |
|---|---|---|
| Execution | Immediate, at the best available price | Only when the market reaches your specified price or better |
| Price control | No — you accept whatever price is available | Yes — you set the exact price |
| Fill certainty | Executes right away | Rests until filled; may not fill if price is never reached |
| Required input | Quantity only | Quantity + mandatory Limit Price |
| Best for | Closing quickly regardless of price, e.g. reacting to fast-moving markets | Targeting a specific exit price without watching the market |
A Limit Close order stays open according to the same validity as other Limit orders on Pluang Crypto Futures — up to 90 days, or until it's filled or you cancel it. If you place a new Limit Close while one is already pending on the same position, Pluang applies specific rules to keep your total pending closes from exceeding your position size — see the related FAQ on what happens to pending Limit Close orders.
Related questions:
Q: Which order type executes faster, Market Close or Limit Close?
Market Close always executes immediately at the best available price, since it doesn't wait for a specific price level. Limit Close can execute instantly if the market is already at or past your specified price, but it can also sit unfilled for a while — or never fill — if the market moves away from your price instead.
Q: Do I need to enter a price for a Market Close?
No — Market Close only needs a quantity; you don't set a price because it fills at whatever the best available price is at the moment it executes. A Limit Close, by contrast, always requires a mandatory Limit Price field before you can submit it.
Q: What happens if I set a Limit Close price on the wrong side of the market?
The app shows an inline warning or blocks submission, since a Limit Close priced on the wrong side wouldn't behave as intended — always double-check that your Limit Price makes sense for the direction you're closing.
Q: Can I switch between Market and Limit after opening the Close Position sheet?
Yes — a single "Close Position" button opens one shared sheet, and the "Limit Order" option next to the Price field switches you between the two, so you can change order type without leaving or reopening the flow.