paradex_orderbook
Analyze market depth and liquidity to optimize order execution. Assess true liquidity, identify support/resistance levels, determine optimal limit prices, and detect order imbalances for informed trading decisions.
Instructions
Analyze market depth and liquidity to optimize order entry and execution.
Use this tool when you need to:
- Assess true liquidity before placing large orders
- Identify potential support/resistance levels from order clusters
- Determine optimal limit order prices for higher fill probability
- Detect order imbalances that might signal price direction
Understanding the orderbook is essential for effective trade execution,
especially for larger orders or in less liquid markets.
Example use cases:
- Finding the optimal limit price to ensure your order gets filled
- Estimating potential slippage for market orders of different sizes
- Identifying large resting orders that might act as support/resistance
- Detecting order book imbalances that could predict short-term price moves
Input Schema
Name | Required | Description | Default |
---|---|---|---|
depth | No | The depth of the orderbook to retrieve. | |
market_id | Yes | Market symbol to get orderbook for. |
Input Schema (JSON Schema)
{
"properties": {
"depth": {
"default": 10,
"description": "The depth of the orderbook to retrieve.",
"title": "Depth",
"type": "integer"
},
"market_id": {
"description": "Market symbol to get orderbook for.",
"title": "Market Id",
"type": "string"
}
},
"required": [
"market_id"
],
"title": "get_orderbookArguments",
"type": "object"
}