hi, i’m trying to understand the Filters that would apply to a Market Spot Order (no Limit set) via API. The documentation Binance API Documentation is not detailed enough, and there’s inconsistent opinions on forums. Could you please advise me:
(1) which Filters apply to an order on the Base asset (using quantity) ?
(2) which Filters apply to an order on the Quote asset (using quoteOrderQty) ?
Thanks!
When placing a Market order with quoteOrderQty
, the system will use the provided quoteOrderQty
and the best price from the open opposite order to calculate quantity
, therefore the filters are the same for both when using quantity and quoteOrderQty.
Thanks Aisling. But I thought the filters are applied when the order is placed, so you won’t know the open opposite orders at that time. From reading on this forum and elsewhere, I thought the PRICE_FILTER applies to the Quote Asset, and the MARKET_LOT_SIZE and LOT_SIZE apply to the Base Asset (though some posts have said that the Quote Asset price is converted to compare against the LOT_SIZE filters). And does the MIN_NOTATIONAL only apply to the Base Asset quantity being multiplied by the price history?