POV orders now live on Bybit Spot!
Bring greater control to your Spot trades with Percentage of Volume (POV) orders, now available on Bybit Spot!
POV automatically splits large buy or sell orders into smaller trades, adjusting their size based on market volume or order-book liquidity to help reduce slippage and market impact.
Advantages of POV orders
1. VWAP-style execution: Trades are paced based on actual market activity instead of relying solely on fixed frequency, helping achieve prices close to the benchmark.
2. Enhanced discretion: Order sizes adjust in line with market flow, making trading activity more difficult for high-frequency traders to detect.
3. Multiple execution modes: Choose between aggressive Taker execution or fee-efficient Maker placement based on your urgency.
4. Built-in slippage control: Execution slows down when liquidity is insufficient, helping avoid unfavorable fills.
5. Flexible stop conditions: Set a maximum duration, total quantity, or both for greater control over when the strategy ends.
How POV orders work
POV orders are driven by a participation rate, which defines the percentage of market trading volume or available order book depth your order will execute against. The system continuously monitors market conditions and adjusts the size of each sub-order accordingly. When trading activity is low, execution slows down; when activity increases, execution speeds up to maintain the target participation rate.
Three modes for your Spot trading needs
1. Traded Volume: Size sub-orders based on market trading volume.
2. Opposite-Side Liquidity: Execute Taker limit orders based on opposing order book depth.
3. Same-Side Liquidity: Place Post-Only Maker orders at the best bid or ask.
Customize your participation rate, order frequency, and stop conditions to match your execution priorities. No additional strategy fees apply; standard Spot trading fees remain applicable.
To get started, open a supported Spot trading pair, select POV from the order-type menu, and configure your parameters.