BinanceVolumeParticipationNewTrade
Execute large trades on Binance Futures using Volume Participation orders, controlling urgency and quantity to minimize market impact.
Instructions
The Volume Participation (VP) New Order API allows users to place a VP order on USDⓈ-M Contracts in Binance Futures.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| side | Yes | Trading side (BUY or SELL) | |
| symbol | Yes | Symbol of the trading pair (e.g., BTCUSDT) | |
| urgency | Yes | Execution speed: LOW, MEDIUM, HIGH | |
| quantity | Yes | Quantity of base asset; Notional must be between 10,000 and 1,000,000 USDT | |
| limitPrice | No | Limit price of the order; Defaults to market price if not sent | |
| recvWindow | Yes | Time window for request validity | |
| reduceOnly | No | true or false. Default false; Cannot be sent in Hedge Mode or when opening a position | |
| clientAlgoId | No | A unique 32-character ID among Algo orders | |
| positionSide | No | Default BOTH for One-way Mode; LONG or SHORT for Hedge Mode. It must be sent in Hedge Mode. |