The platform's USDT-M allow users to set take-profit and stop-loss orders using two trigger methods: mark price and latest market price. Since both have their advantages and disadvantages, we recommend that users understand the differences before choosing the appropriate order method.
1. Latest Market Price Trigger (Default)
Using the latest market price to trigger take-profit and stop-loss orders makes it easier for users to predict the final execution price compared to the mark price trigger. However, there is a risk that forced liquidation (which uses the mark price trigger) may occur before the take-profit or stop-loss order is triggered.
2. Mark Price Trigger
Using the mark price to trigger take-profit and stop-loss orders ensures that the position is executed before the take-profit or stop-loss is triggered. However, since the order is executed using the latest market price, there is a risk of slippage due to the difference between the mark price and the latest market price.