Can I Open a New Position While I Still Have a Pending Limit Order on the Same Contract?

Yes, you can open a new position using a limit order even while another limit order on the same Crypto Futures contract is still pending and unfilled. Both orders can coexist in the system as long as one is a buy (Long) order set below the current market price and the other is a sell (Short) order set above it — Pluang's order book treats them as two independent instructions targeting different trigger prices. A Limit Order stays valid and pending for up to 90 days, or until it's filled or you cancel it, so you aren't forced to resolve one before placing the next. This lets active traders queue up entries on both sides of the market at once instead of watching a single order and manually re-entering it once price moves. Note that once either order fills, it affects your net position on that contract exactly like any other position change, including through Long/Short netting if the fill runs counter to an existing position.

How it works:

• The system allows a pending Long limit order and a pending Short limit order to sit open at the same time on the same contract, because they target different price levels and only trigger independently.
• Each order only executes once the market price reaches its specific trigger price — they don't cancel each other out simply by both being pending.
• This lets you set up entries on both sides of the current price (for example, a Long limit below market and a Short limit above it) without needing to cancel one first.
• A Limit Order remains valid for up to 90 days or until it fills or is canceled, so multiple pending orders on the same contract can sit unfilled for an extended stretch without expiring on their own.
• If both orders eventually fill on opposite sides, the resulting position reflects Pluang's net-position handling — a later fill can partially or fully offset an earlier one rather than sitting as two separate open positions.

Related questions:

Q: Can a pending Long limit order and a pending Short limit order exist at the same time?
Yes. Both can coexist in the system as long as the Long order is priced lower and the Short order is priced higher than the current market price. They're tracked as separate pending instructions until one of them reaches its trigger price and executes. This is a normal part of how the order book operates for perpetual contracts, since Long and Short limit orders sitting at different price levels don't conflict until one of them actually executes and changes your position.

Q: Do I need to cancel my existing limit order before placing a new one?
No. You can place a new limit order on the same contract while your previous one is still pending, provided the price levels differ. Both remain valid and unfilled — a Limit Order stays open for up to 90 days or until filled or canceled. This flexibility lets you build out a ladder of entries at different price levels without managing or cancelling earlier orders first, as long as each new order targets a distinct price point on the same contract.

Q: What happens once both pending orders are eventually filled?
Each order executes independently once its own trigger price is reached, and your resulting position reflects the net effect of whichever orders have filled, following the same Long/Short netting logic that applies to any other order on the contract. If the fills run in opposite directions, netting applies automatically, meaning a later Short fill can partially or fully offset an earlier Long fill instead of leaving both as separate open positions.

Q: Which order gets filled first, the Long or the Short?
Whichever trigger price the market reaches first. If price drops to your Long order's trigger, that one fills first; if it rises to your Short order's trigger instead, that one fills first, independent of which order you placed earlier. Neither order has priority based on placement time — execution is purely a function of which trigger price the market reaches first, so a fast-moving market can fill either side depending on which direction it moves.