This document outlines the appropriate format that the traders must follow while writing the webhook payload for setting up the following types of Spot market orders to be executed into Phemex.
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Market Order
The traders can write the webhook payload for setting up Market orders using these three payload fields:
- Symbol
- Action
- Quantity
Symbol
The ticker symbol of the asset. Phemex represents this asset class by combining the spot trading symbol with base cryptocurrency and quote cryptocurrency ticker symbols.
Here's how the format works:
[s][Base Crypto currency][Quote Crypto Currency]
Using "sBTCUSDT" as an example, here's the breakdown of the format:
- "s" indicates that it's a symbol for spot trading.
- "BTC" represents the base cryptocurrency, which is Bitcoin in this case.
- "USDT" represents the quote cryptocurrency, which is Tether in this case.
Action
The signal action, indicates the type of trade to be triggered. The action can be any of the following:
- Buy: Triggers an action to buy the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Note: You can also use the JSON field- quantity_type
This is an optional field indicating the type of quantity being specified. We have three options - fixed, cash, and percent_of_equity.
Fixed (Default): The trade quantity will be set as a fixed quantity, such as “100” shares or “10” shares.
{
"quantity": 100,
"quantity_type": "fixed"
}
Cash: The trade quantity is represented by the available cash amount. For instance, if the quantity_type is set to "cash", and the trader specifies a value of 100, it means they are trading 100 units of the currency value, such as 100 USD or 100 GBP, depending on the currency locale of the trader.
{
"quantity": 100,
"quantity_type": "cash"
}
Percent_of_equity: The quantity is calculated as a percentage of the total equity (account balance, not including unrealized p/l). For instance, if the total equity is $50,000 and the quantity_type is set to “percent_of_equity” with the value of “2” then the trade quantity would be $50,000*0.02 = $1000.
{
"quantity": 2,
"quantity_type": "percent_of_equity"
}
EXAMPLE
I. Buy
{
"symbol": "sBTCUSDT",
"action": "buy",
"quantity": 123
}
II. Sell
{
"symbol": "sBTCUSDT",
"action": "sell",
"quantity": 123
}
Limit Order
The traders can write the webhook payload for setting up Limit orders using these four payload fields:
- Symbol
- Action
- Quantity
- Limit_price
Symbol
The ticker symbol of the asset. Phemex represents this asset class by combining the spot trading symbol with base cryptocurrency and quote cryptocurrency ticker symbols.
Here's how the format works:
[s][Base Crypto currency][Quote Crypto Currency]
Using "sBTCUSDT" as an example, here's the breakdown of the format:
- "s" indicates that it's a symbol for spot trading.
- "BTC" represents the base cryptocurrency, which is Bitcoin in this case.
- "USDT" represents the quote cryptocurrency, which is Tether in this case.
Action
The signal action, indicates the type of trade to be triggered. The action can be any of the following:
- Buy: Triggers an action to buy the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Note: You can also use the JSON field- quantity_type
This is an optional field indicating the type of quantity being specified. We have three options - fixed, cash, and percent_of_equity.
Fixed (Default): The trade quantity will be set as a fixed quantity, such as “100” shares or “10” shares.
{
"quantity": 100,
"quantity_type": "fixed"
}
Cash: The trade quantity is represented by the available cash amount. For instance, if the quantity_type is set to "cash", and the trader specifies a value of 100, it means they are trading 100 units of the currency value, such as 100 USD or 100 GBP, depending on the currency locale of the trader.
{
"quantity": 100,
"quantity_type": "cash"
}
Percent_of_equity: The quantity is calculated as a percentage of the total equity (account balance, not including unrealized p/l). For instance, if the total equity is $50,000 and the quantity_type is set to “percent_of_equity” with the value of “2” then the trade quantity would be $50,000*0.02 = $1000.
{
"quantity": 2,
"quantity_type": "percent_of_equity"
}
Limit_price
An optional field specifying the execution price for a “buy” or “sell” trade. If you specify the limit price the trade will be executed at the specified limit price. Or If you choose not to specify a limit price, the trade will be executed at the current market price.
EXAMPLE
I. Buy
{
"symbol": "sBTCUSDT",
"action": "buy",
"quantity": 123
}
II. Sell
{
"symbol": "sBTCUSDT",
"action": "sell",
"quantity": 123
}
Stop Order
The traders can write the webhook payload for setting up Stop orders using these four payload fields:
- Symbol
- Action
- Quantity
- Stop_price
Symbol
The ticker symbol of the asset. Phemex represents this asset class by combining the spot trading symbol with base cryptocurrency and quote cryptocurrency ticker symbols.
Here's how the format works:
[s][Base Crypto currency][Quote Crypto Currency]
Using "sBTCUSDT" as an example, here's the breakdown of the format:
- "s" indicates that it's a symbol for spot trading.
- "BTC" represents the base cryptocurrency, which is Bitcoin in this case.
- "USDT" represents the quote cryptocurrency, which is Tether in this case.
Action
The signal action, indicates the type of trade to be triggered. The action can be any of the following:
Buy: Triggers an action to buy the asset.
Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Note: You can also use the JSON field- quantity_type
This is an optional field indicating the type of quantity being specified. We have three options - fixed, cash, and percent_of_equity.
Fixed (Default): The trade quantity will be set as a fixed quantity, such as “100” shares or “10” shares.
{
"quantity": 100,
"quantity_type": "fixed"
}
Cash: The trade quantity is represented by the available cash amount. For instance, if the quantity_type is set to "cash", and the trader specifies a value of 100, it means they are trading 100 units of the currency value, such as 100 USD or 100 GBP, depending on the currency locale of the trader.
{
"quantity": 100,
"quantity_type": "cash"
}
Percent_of_equity: The quantity is calculated as a percentage of the total equity (account balance, not including unrealized p/l). For instance, if the total equity is $50,000 and the quantity_type is set to “percent_of_equity” with the value of “2” then the trade quantity would be $50,000*0.02 = $1000.
{
"quantity": 2,
"quantity_type": "percent_of_equity"
}
Stop_Price
An optional field specifying the price level at which a stop-loss or stop-limit order should be triggered. It helps limits potential losses by automatically closing the position when the specified price is reached.
EXAMPLE
I. Buy
{
"symbol": "sBTCUSDT",
"action": "buy",
"quantity": 123,
"stop_price": 123.98
}
II. Sell
{
"symbol": "sBTCUSDT",
"action": "sell",
"quantity": 123,
"stop_price": 123.98
}
Stop-Limit Order
The traders can write the webhook payload for setting up Stop-Limit orders using these five payload fields:
- Symbol
- Action
- Quantity
- Limit_price
- Stop_price
Symbol
The ticker symbol of the asset. Phemex represents this asset class by combining the spot trading symbol with base cryptocurrency and quote cryptocurrency ticker symbols.
Here's how the format works:
[s][Base Crypto currency][Quote Crypto Currency]
Using "sBTCUSDT" as an example, here's the breakdown of the format:
- "s" indicates that it's a symbol for spot trading.
- "BTC" represents the base cryptocurrency, which is Bitcoin in this case.
- "USDT" represents the quote cryptocurrency, which is Tether in this case.
Action
The signal action, indicates the type of trade to be triggered. The action can be any of the following:
- Buy: Triggers an action to buy the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Note: You can also use the JSON field- quantity_type
This is an optional field indicating the type of quantity being specified. We have three options - fixed, cash, and percent_of_equity.
Fixed (Default): The trade quantity will be set as a fixed quantity, such as “100” shares or “10” shares.
{
"quantity": 100,
"quantity_type": "fixed"
}
Cash: The trade quantity is represented by the available cash amount. For instance, if the quantity_type is set to "cash", and the trader specifies a value of 100, it means they are trading 100 units of the currency value, such as 100 USD or 100 GBP, depending on the currency locale of the trader.
{
"quantity": 100,
"quantity_type": "cash"
}
Percent_of_equity: The quantity is calculated as a percentage of the total equity (account balance, not including unrealized p/l). For instance, if the total equity is $50,000 and the quantity_type is set to “percent_of_equity” with the value of “2” then the trade quantity would be $50,000*0.02 = $1000.
{
"quantity": 2,
"quantity_type": "percent_of_equity"
}
Limit_price
An optional field specifying the execution price for a “buy” or “sell” trade. If you specify the limit price the trade will be executed at the specified limit price. Or If you choose not to specify a limit price, the trade will be executed at the current market price.
Stop_price
An optional field specifying the price level at which a stop-loss or stop-limit order should be triggered. It helps limits potential losses by automatically closing the position when the specified price is reached.
EXAMPLE
I. Buy
{
"symbol": "sBTCUSDT",
"action": "buy",
"quantity": 123,
"limit_price": 123.98,
"stop_price": 123.98
}
II. Sell
{
"symbol": "sBTCUSDT",
"action": "sell",
"quantity": 123,
"limit_price": 123.98,
"stop_price": 123.98
}