TWAP (Time-Weighted Average Price) is a widely used trading strategy that involves dividing a large order into smaller portions and executing them at regular time intervals. Our TWAP is designed to minimize the market impact when exiting a large position. When a TWAP strategy is activated, approximately 20% of the total order size is placed on the market every 1.5 seconds. By default, each split order in a TWAP strategy is set as "reduce-only." This means that the orders are designed solely to reduce your current position and do not carry the risk of opening an opposing position.
Please note that the TWAP order will only be split if the total size is roughly above 10,000 USD equivalent; otherwise, the order will not be divided, even if the TWAP option is selected when placing a close order.
How to set up TWAP when closing a position？
Find the position that you would like to close in [All Positions] section, and click the [close] button on the right.
Enter the position quantity that you would like to close, then tick [TWAP], and click [Confirm].