Prices
Every order executes at a price returned by the Gains oracle network, a set of independent Chainlink nodes.- Each node reads the pair’s price from several exchanges, ignores quotes that have stopped updating, and takes the median.
- The contract waits for answers from at least 3 nodes, discards any answer too far from the others, and uses the median of the rest. If too few valid answers arrive, the order does not execute.
- Small pairs are priced the same way as BTC and ETH.
Market Orders
A market order is sent in one transaction, and executes in a second one, a moment later, when the oracle network answers.- Max slippage protects you while the order waits. If the execution price, spread and price impact included, is further from the price you saw than your max slippage, the order is cancelled instead of executed.
- When you close from the trade’s details, the app shows the estimated execution price, with the price impact and any protection close factor included, before you confirm.
When a Market Order Times Out
If the oracle network does not answer in time (200 blocks on Arbitrum, 30 blocks on Base and Polygon, about a minute in each case; other chains:marketOrdersTimeoutBlocks in the backend), the order times out.
- A timed-out open keeps your collateral in the contract until you reclaim it. The app shows Open Market Timeout with a Claim Collateral button. Until you claim it, a late oracle answer can still open the trade, so claim it before placing the order again.
- A timed-out close leaves your position open, with its collateral still in it. The app shows Close Market Timeout: press Cancel Close Order, then close again.
Stop Losses, Take Profits and Liquidations
Stop losses, take profits and liquidations are triggered by keeper bots, which watch prices and submit the trigger when your level is reached. You do not need to be online.At What Price They Execute
When a trigger arrives, the oracle network returns the price range of the last few seconds.- If the price passed through your level in that range, the order executes at your level, even if the price jumped past it. The closing spread, price impact and closing fee are then applied, as on any close.
- If the trigger arrives after the price has already moved past your level, the order executes at the price at the start of that range, which is already past your level.
Max Closing Slippage
A stop loss or take profit is only executed if its execution price, spread and price impact included, is within your max closing slippage of your level. The default is 1%. If it is further, the order is not executed this time:- the stop loss or take profit stays on the position;
- a new trigger is possible a few blocks later (20 blocks, about 5 seconds, on Arbitrum), and each attempt uses fresh prices;
- it executes as soon as an attempt comes back within your max closing slippage.
- A higher value makes it more likely the stop loss closes the position, but allows a worse fill.
- A lower value protects the fill price, but the stop loss may not execute in a fast market.
Liquidations
Liquidations have no slippage check: a liquidation executes whenever the oracle network returns a valid price at or past the liquidation price. The liquidation price already accounts for the closing fee, holding fees and spread. Nothing executes in a closed market or while the protocol is Paused, and an attempt the oracle network does not answer (see Prices) is retried by the keepers.Pair Availability
A pair is unavailable for new trades when its maximum leverage is set below its group’s minimum leverage. This is how a pair is delisted, and how it is disabled temporarily, for example after a price feed anomaly. Around news events, before a market closes and in low-liquidity sessions, a pair usually stays available, at a lower max leverage and a wider spread: see the asset class pages. While a pair is unavailable:
Open positions are never closed because a pair becomes unavailable.
- News events are shown in the app with their start and end time, and upcoming news appear in the pair’s details.
- A disabled or delisted pair shows as unavailable in the pair selector, without a reason or a reopening time. On chain, compare the pair’s max leverage with its group’s min leverage (see Listing all assets).
Closed Markets
Stocks, indices, forex and commodities have trading hours. While a market is closed, the oracle network returns no price for it, so nothing executes: no close, no stop loss or take profit, no liquidation, no order of any kind. Positions stay open through the close. At the reopen, the price can gap past your stop loss or liquidation price. A stop loss gapped past by more than your max closing slippage is skipped, and the position can be liquidated by the gap. See the Gaps section of each asset class page, for example Stocks.Protocol States
The whole protocol on a chain is in one of three states. Only governance can change it.
A Paused protocol stops everything, stop losses, take profits and liquidations included. Close-only stops new positions while letting traders exit. An announcement that trading is paused on a chain while positions can still be closed, as on MegaETH since September 28, 2026, describes Close-only or unavailable pairs, not the Paused state. The current state is the
tradingState field of the backend (0 Activated, 1 Close-only, 2 Paused).