Chase Orders are now live on Extended.
A Chase Order automatically adjusts the price of a post-only limit order as the market moves, helping you stay close to the best bid or ask while targeting maker execution.
How it works:
• The order reprices once per second
• For buys, it follows the best bid; for sells, the best ask
• You can set a custom distance from the best price of up to 5%
• You can set a Max Chase Distance of up to 10% to limit how far the order can follow the market
• Existing limit orders can be converted into Chase Orders directly from Open Orders
Available on perp markets on desktop. Currently unavailable on RFQ markets and mobile.
Chase Orders run in the browser. If your session is interrupted, repricing pauses while the order remains live at its last price for up to 1 hour, and resumes automatically when you return.
Full documentation: https://docs.extended.exchange/extended-resources/trading/order-types
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