Min Quantity Tick Size

Minimum Market Quantity Tick Size

The minimum market quantity tick size dictates the smallest increment by which an order quantity can increase or decrease. For instance, if a market has a minimum quantity tick size of 0.001, an order submitted with a quantity of 0.0011 would be rejected because it does not align with the allowed increments.

Note: Derivative markets share the same format for minQuantityTickSize between the user interface and the chain, so no formatting is required.

Spot Market

Conversion from Human-Readable Format to Chain Format

Using the INJ/USDT market as an example, which has 18 base decimals and 6 quote decimals, the conversion to chain format is as follows:

$\text{chainFormat} = \text{value} \times 10^{\text{baseDecimals}}$

Conversion from Chain Format to Human-Readable Format

To convert back to a human-readable format:

$\text{humanReadableFormat} = \text{value} \times 10^{-\text{baseDecimals}}$

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