Order Types
PolyPulse supports two types of orders for trading on Polymarket.
Market Order
A market order executes immediately at the best available price.
- Pros: Fast execution, guaranteed fill
- Cons: May have slippage on larger orders; taker fees apply (charged by Polymarket)
- Best for: Small to medium trades where speed matters
How to Place a Market Order
- Select Yes or No on the market card
- Enter your amount in USDC.e
- Choose "Market" as the order type
- The estimated shares you'll receive is shown
- Click Confirm
Limit Order
A limit order lets you set the exact price you want to pay. It only executes if the market reaches your price.
- Pros: You control the price, no slippage, 0% fee (maker orders on Polymarket)
- Cons: May not fill if the market doesn't reach your price
- Minimum: 5 shares per order (required by Polymarket)
- Best for: Larger trades or when you want a specific entry point
How to Place a Limit Order
- Select Yes or No on the market card
- Enter your amount in USDC.e
- Choose "Limit" as the order type
- Set your desired price (between $0.01 and $0.99)
- Click Confirm
TIP
Limit orders at better prices fill faster. For example, if Yes is trading at $0.65, a limit buy at $0.63 is more likely to fill than one at $0.55.
Understanding Prices
Polymarket prices represent probability:
| Price | Meaning |
|---|---|
| $0.75 Yes | Market thinks 75% chance of Yes |
| $0.25 No | Same market, No shares cost $0.25 |
| $0.50 | Market is undecided (50/50) |
- Yes + No always sum to $1.00
- If an event resolves Yes, each Yes share pays $1.00
- If an event resolves No, each No share pays $1.00
Fees
All trading fees are charged by Polymarket, not by PolyPulse. PolyPulse does not add any fees.
| Order Type | Polymarket Fee |
|---|---|
| Limit order (maker) | 0% + potential rebates |
| Market order (taker) | Variable, based on price and market |
| Crypto 15M (taker) | Up to 10% base rate |
Polymarket calculates fees using: fee = baseRate * min(price, 1 - price)
This means the effective fee is highest when the price is near $0.50 and lowest near the extremes ($0.01 or $0.99). The fee rate varies per market and is set by Polymarket.
TIP
Use limit orders to avoid fees entirely. Limit orders are placed as maker orders on Polymarket and have 0% fee.
The exact fee for your trade is always displayed in the order preview before you confirm.
Managing Orders
You can view and cancel pending limit orders from:
- The Portfolio tab in the popup
- The market card (if viewing the same market)
