BinanceVolumeParticipationNewTrade
Place a Volume Participation order on Binance USDⓈ-M Futures with defined quantity, side, urgency, and optional limit price to control execution speed and participation.
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. |