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Order Limits

  1. Orders that would have a price impact of 25% or larger can't be sent through opposite side of the order book.
    • Orders too far through the order book get their prices capped at the limit price
    • Market orders have the same price cap applied -- this means that it's possible to get partially filled on a market order if liquidity is low relative to the size of the order.
  2.  Sum of open order sizes per side can’t be greater than max($1m, 1% of an ADV of the coin)

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