How do I place a Perpetual Contract Order? (APP)

If you wish to trade with the BTC trading account, you must first purchase or deposit BTC and transfer it into the account.

If you wish to trade with the USDT trading account, you must first purchase or deposit crypto, convert it into USDT, and transfer it into the account.

To place your first perpetual contract order, perform the following steps:

Phemex offers three types of orders:

Market Orders

1. Open the Phemex App and log in to your account.
2. Tap the Contract in the center of the bottom navigation bar.
3. Tap the hamburger menu (three horizontal lines) at the top left of the screen to display a list of all contracts. The default contract selected is the USDT-Margined 
4. Select the contract you wish to trade.

1. Tap either the Long or Short button. By default, you will already have the Market Order tab selected.
2. Enter the number contracts you wish to order in the Quantity field.
3. Tick the TP/SL checkbox to set a Take Profit and/or Stop Loss. If you choose to do so, enter the trigger types (Last Price or Mark Price) and prices for the TP/SL, and tap the Confirm button.
4. Tap the Long/Short button.
5. Your order will be immediately executed and filled at the best available market price. It can now be seen within the Positions tab in the contract trading page.

Limit Orders

1. Repeat steps 1-3 from the above Market Orders tutorial.
2. Select the contract you wish to trade.
3. Tap either the Long or Short button.
4. Select Limit order from the menu near the center of the screen.
5. Enter your desired limit order trigger price in the Price field.
6. Enter the number contracts you wish to order in the Quantity field.
7. Tick the optional Post-Only checkbox to ensure your order is only posted if it can enter the order book and receive a maker rebate. Ticking this option will immediately cancel your order if it does not meet these conditions.
8. Tick the TP/SL checkbox to set a Take Profit and/or Stop Loss. If you choose to do so, enter the trigger types (Last Price or Mark Price) and prices for the TP/SL, and tap the Confirm button.
9. Tap the Long/Short button.
10. Your order will be posted to the order book until your limit price is reached. Once it partially or fully fills, it can then be seen within the Positions tab in the contract trading page.

Conditional Orders

1. Repeat steps 1-3 from the above Market Orders or Limit Orders tutorial.
2. Select the contract you wish to trade.
3. Tap either the Long or Short button.
4. A conditional order allows you to set a trigger price that then executes either a market or limit order:

Market Order

1. By default, the Market Conditional option is already selected. Enter the trigger price in the Tri.Price field.
2. Tap the drop-down menu to select whether the order triggers by Mark Price or Last Price.
3. Enter the number contracts you wish to order in the Quantity field.
4. Tick the TP/SL checkbox to set a Take Profit and/or Stop Loss. If you choose to do so, enter the trigger types (Last Price or Mark Price) and prices for the TP/SL, and tap the Confirm button.
5. Tap the Long/Short button.
6. Once the trigger price is reached, your order will be immediately executed and filled at the best available market price. It can then be seen within the Positions tab in the contract trading page.

Limit Order

1. Select Limit Conditional in the menu near the center of the screen.
2. Enter the trigger price in the Tri.Price field.
3. Tap the drop-down menu to select whether the order triggers by Mark Price or Last Price.
4. Once the trigger price is reached, a limit order will be created. Enter the price for the limit order in the Price field.
5. Enter the number contracts you wish to order in the Quantity field.
6. Tick the optional Post-Only checkbox to ensure your order is only posted if it can enter the order book and receive a maker rebate. Ticking this option will immediately cancel your order if it does not meet these conditions
7. Tick the TP/SL checkbox to set a Take Profit and/or Stop Loss. If you choose to do so, enter the trigger types (Last Price or Mark Price) and prices for the TP/SL, and tap the Confirm button.
8. Tap the Long/Short button.
9. Once the trigger price is reached, your order will be posted to the order book until your limit price is reached. Once it partially or fully fills, it can then be seen within the Positions tab in the contract trading page.

NOTE: By default, every order in this guide is set as a cross margin order. To set as isolated, adjust leverage, or adjust risk limit, please read “How do I set my Leverage and Risk Limit? (APP)“

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