Trading options on Rain Trade lets you buy or sell shares that represent a specific outcome in a market. Your shares reflect your belief about the future outcome of an event, with prices dynamically adjusting based on the market's collective assessment.
Rain Trade offers 4 order types:
1. Market orders
A market order executes immediately at the best available price. This is the fastest way to buy or sell shares.
To place a market order:
On the market page, click Buy or Sell in the right-hand panel.
Select Market from the dropdown menu.
Select the outcome you want to trade.
Enter the amount of USDT you want to spend (for a buy) or the number of shares to sell.
Review the estimated shares or USDT you'll receive.
Click BUY or SELL to submit.
2. Limit orders
A limit order executes only if the market price reaches a specific level you set. Your order waits in the order book until it's matched.
To place a limit order:
On the market page, click Buy or Sell in the right-hand panel.
Select Limit from the dropdown.
Select the outcome you want to trade.
Enter the number of shares and your desired price per share.
Click BUY or SELL to submit. Your order will appear in the Order Book and under Orders > Open Orders.
3. Split orders
A split order deposits USDT and returns a matched pair of YES and NO shares. This is useful for liquidity provisioning or arbitrage.
1 USDT = 1 YES share + 1 NO share
4. Merge orders
A merge order burns a matched pair of YES and NO shares and returns USDT. This is the reverse of a split.
1 YES share + 1 NO share = 1 USDT