Bitget Futures: How to use BBO orders
What is a BBO order?
A BBO (Best Bid Offer) order is a specialized type of limit order for Bitget futures trading. It automatically matches the best bid or offer, ensuring faster execution and better prices. BBO orders streamline trading with minimal effort.
Benefits of BBO orders
Thanks to their unique mechanism, BBO orders offer the following key benefits:
• Faster execution: BBO orders automatically match the best bid or offer, reducing the need for manual price adjustments — ideal for volatile markets.
• Optimized pricing: By locking in the most favorable price from the order book, BBO helps traders lower trading costs or boost profits.
• Ease of use: No need to constantly monitor the market — the system automatically adjusts order prices to simplify the trading process.
• High flexibility: Supports both opening and closing positions; suitable for various trading strategies including high-frequency trading and trend-following.
Core use cases for BBO orders
|
Trading strategy |
Best for |
Key points |
|
Taker |
Willing to pay transaction fees for immediate execution |
Buy at best offer, sell at best bid |
|
Maker |
Cost control, no urgency to fill |
Place order outside BBO and wait for a match |
|
Spread arbitrage |
Capitalize on short-term opportunities from large bid-ask spreads |
Place both buy and sell orders to profit from the spread |
|
Iceberg order |
Execute large trades without impacting the market |
Hide true order size to reduce market impact |
|
BBO-SL |
Adjust SL dynamically |
Use market depth to avoid extreme slippage |
How to use BBO orders
Using BBO orders on Bitget is simple. Here's how:
1. Go to the trading page: Log in to your Bitget account and navigate to the futures trading section. Select your desired trading pair (e.g., BTCUSDT).
2. Enable BBO order: In the order type dropdown, select BBO to enable this mode.
3. Adjust trading parameters:
￮ Enter your order quantity (e.g., in BTC).
￮ Choose your leverage (e.g., 20x) and position direction (long or short).
￮ (Optional) Set TP/SL price.
4. Confirm order: Review the order details (cost, max trading volume, etc.) and click Open Long or Open Short to submit the order.
5. Track order: View execution status in the Open Orders or Order History section under BBO orders.
BBO orders vs. limit orders
|
Feature |
BBO order |
Limit order |
|
Price setting |
Auto-matching best bid or offer |
Fixed price manually set by the user |
|
Execution speed |
Instant or faster execution |
Dependent on market reaching specified price |
|
Complexity |
Simple—no need for manual price adjustments |
Monitoring and manual updates required |
|
Best for |
Fast-moving markets, quick entries/exits |
Precise price control, longer-term orders |
BBO orders are ideal for traders looking to enter or exit the market quickly, while limit orders are better suited for those needing precise control over execution price. Choose the one that best fits your trading strategy.
In conclusion, BBO orders are a powerful tool in Bitget's futures trading suite. By automatically syncing with the best bid or offer, they help traders execute orders quickly and efficiently while optimizing trading costs. Whether you're a beginner or a seasoned trader, BBO orders can enhance your trading experience. Log in to Bitget now to try out BBO orders and trade smarter, faster, and more flexibly!
Related articles
• Bitget beginner's guide — Introduction to futures order types
• Bitget futures: Scaled order
Share
