# Order Types

Whales Prediction provides a range of advanced order types designed to meet every trading need, giving you total control over your entry price and execution costs. Whether you need to jump into a market instantly or prefer to wait for the perfect price point, our professional tools ensure you stay in complete command of your strategy.

### **Market Order**

Buy or sell **instantly** at the best available price. It is the fastest way to trade when you don't want to wait.

***Example:** You want to take a **Yes** position on “Fed decreases interest rates by 50+ bps after January 2026 meeting?” right now. You buy at the current market price of **4.5¢** and your trade is **finished*** ***immediately**.*

<figure><img src="https://640655427-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIZ0DIaAx9IWoM4I1YGdV%2Fuploads%2FZXw3zXkewnSkFGAxOfHw%2Ftrading-terminal-8.png?alt=media&#x26;token=6f3878eb-16be-40f1-a474-14195e826a12" alt="" width="375"><figcaption></figcaption></figure>

### **Limit Order**

Set your own price and wait for the market to reach it. This is best for getting a specific entry price and saving money. You have total flexibility and can cancel your order at any time before it is filled.

***Example:** You only want to enter a **Yes** position on “Fed decreases interest rates by 50+ bps after January 2026 meeting?” if the price is **3¢**. You set a **Limit Order**, and it only fills if someone is willing to sell to you at that **exact price**.*

<figure><img src="https://640655427-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIZ0DIaAx9IWoM4I1YGdV%2Fuploads%2Fun4zMB0qKSO3p0HBaxI7%2Ftrading-terminal-9.png?alt=media&#x26;token=49986693-7a73-48b6-961f-9efb4dd9c665" alt="" width="375"><figcaption></figcaption></figure>

### **Split Shares (Advanced)**

**Split** lets you turn **$1 USDC** into a pair of **one "Yes" and one "No"** **share**. It’s a pro move to avoid spreads by creating your own shares at the base cost and then selling the side you don't need.

***Example:** On the market “Fed decreases interest rates by 50+ bps after January 2026 meeting?”:*

* *Yes share is **4.5¢***&#x20;
* *No share is **95.7¢***&#x20;
* *Totaling **100.2¢** (due to the spread or extra market costs).*

*Instead of paying that extra **0.2¢**, you split **$1.00** to get both shares for exactly **100¢**.*

* *You get your Yes position at **4.3¢.***
* *You can sell the No share later at **95.7¢**.*

<figure><img src="https://640655427-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIZ0DIaAx9IWoM4I1YGdV%2Fuploads%2FPMnHWdYev8UOTeF2C73z%2Ftrading-terminal-10.png?alt=media&#x26;token=a44652f3-22cf-4518-a509-f6f21c9ea000" alt="" width="375"><figcaption></figcaption></figure>

### **Merge Shares (Advanced)**

**Merge** is a safe exit tool where you combine one Yes and one No share to get $1 USDC back instantly. It helps you cash out safely without worrying about market price drops or extra fees.

***Example:** You hold **both Yes and No** shares for the “Fed decreases interest rates by 50+ bps after January 2026 meeting?” event, but now the market is paying only:*

* ***4.3¢** for Yes*
* ***95.3¢** for No*
* *Totaling **99.6¢**.*

*If you sold them separately, you would lose **0.4¢** to the market spread.*

*By using Merge, you bypass the low market prices and force the system to give you the full **$1.00 USDC** back for your pair.*

<figure><img src="https://640655427-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIZ0DIaAx9IWoM4I1YGdV%2Fuploads%2F7OGe385Q1hM2Rk9KV4Ko%2Ftrading-terminal-11.png?alt=media&#x26;token=393eb889-1b30-4b74-8ab1-ef7a97c91238" alt="" width="375"><figcaption></figcaption></figure>

***

### FAQs

<details>

<summary>What order types are available on Whales Prediction?</summary>

Whales Prediction supports Market Orders, Limit Orders, Split Shares, and Merge Shares to give traders full control over execution and cost.

</details>

<details>

<summary>What is a Market Order?</summary>

A Market Order buys or sells instantly at the best available price. It is used when speed matters more than price precision.

</details>

<details>

<summary>What is a Limit Order?</summary>

A Limit Order lets you set a specific price and wait for the market to reach it. It helps traders control entry price and reduce execution costs.

</details>

<details>

<summary>What are Split Shares used for?</summary>

Split Shares allow you to convert $1 USDC into one Yes and one No share, helping you avoid spreads and create positions at the base cost.

</details>

<details>

<summary>What are Merge Shares used for?</summary>

Merge Shares let you combine one Yes and one No share to instantly receive $1 USDC back, providing a safe exit without spread risk.

</details>


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