Trading Concepts

This section explains the mechanics that determine how orders execute and how risk is managed on SoDEX.

Orders and execution

An order specifies the market, side, quantity, order type, and applicable execution options. Conditional orders add trigger conditions for take-profit and stop-loss workflows. Integrations should use the current market state and reference prices when validating or displaying an order.

Margin and risk

Perpetual trading integrations must account for margin mode, available collateral, margin tiers, mark price, liquidation risk, and auto-deleveraging. Reconcile account state after each asynchronous action before submitting a dependent request.

Fees

Trading fees can vary by market, volume tier, and account configuration. Use the values returned by the trading APIs when presenting estimated or completed execution costs.

Trading API