Trading bandwidth is applied in the Crypto.com Exchange to limit the range of order prices that can be placed and filled. This protects Exchange users and prevents trading manipulation or any trading errors.
Spot Pairs
For Spot pairs, we implement the following parameters in the Exchange:
Aggressive Bandwidth: 15% of the mark price
Passive Bandwidth:
Buy orders: 0.1x of the mark price
Sell orders: 10x of the mark price
Limit Orders
If you are placing a limit order, the price has to be set within the range stated below:
Limit Buy Orders: Between mark price * 0.1 and mark price * (1 + 15%)
Limit Sell Orders: Between mark price * (1 - 15%) and mark price * 10
Market Orders
If you are placing a market order, the price has to be set within the range stated below:
Price ceiling for Buy orders: Mark price * (1 + 15%)
Price floor for Sell orders: Mark price * (1 - 15%)
Exceptions
For Margin and Spot instruments that we support as collateral, the aggressive bandwidth is set at 5% while the passive bandwidth remains the same.
Perpetuals and Futures Contracts
For Perpetuals and Futures contracts, we implement the following parameters:
Aggressive Bandwidth: 5% of the mark price
Passive Bandwidth: 50% of the mark price
Limit Orders
If you are placing a limit order, the price has to be set within the range stated below:
Limit Buy Orders: Between MIN (mark price, index price) * (1 - 50%) and MAX (mark price, index price) * (1 + 5%)
Limit Sell Orders: MIN (mark price, index price) * (1 - 5%) and MAX (mark price, index price) * (1 + 50%)
Market Orders
If you are placing a market order, the price has to be set within the range stated below:
Price ceiling for Buy orders: Mark price * (1 + 5%)
Price floor for Sell orders: Mark price * (1 - 5%)