TWAP orders on the Futures Exchange

This information comes directly from Nexo's help center

With the algorithmic order type TWAP, or Time-Weighted Average Price, you can disperse a large order into smaller quantities and execute them at regular intervals automatically to minimize price impact.

How to place a TWAP Futures order

1. First, you should navigate to the Futures Exchange.

2. From there, you have to select the ‘TWAP’ order type, as illustrated:


3. Then, you have to select an Amount in terms of the contract currency (e.g. BTC), along with a time execution interval. This can be in hours, minutes, or both. Keep in mind that the current Futures price will be used to place the order and you can decide what amount to enter with. From the ‘Open’ tab, you can set orders which are to be opened. On the other hand, from the ‘Close’ tab, you can close orders but only if you have an open futures position.


𝙀𝙭𝙖𝙢𝙥𝙡𝙚 : You decide to place a TWAP order for 1 BTCUSDT contract by betting on the price movement of BTC using the USDT from your Trading Balance. You will be shown the amount of the contract at the current Futures market price. Setting the execution time can be done with ease but note that the minimum interval is 5 minutes and the highest 48 hours. Assuming we have selected 4 hours and 30 minutes, the calculations will be as follows:

1 BTCUSDT / 4.5 hours = 0.22 BTCUSDT per hour

0.22 BTCUSDT / 6 = 0.037 BTCUSDT every 10 minutes

𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁: Since the Futures rate constantly fluctuates for all trading pairs, the total amount of the asset that you acquire in the end may be different from the initial value shown on your screen at the time of placing the TWAP order.

Source: TWAP orders on the Futures Exchange
October 24, 2022
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