How to use iceberg orders on Bybit

Placing a large order sounds simple, but it often creates problems. When a big buy or sell order appears in the order book, it can move prices before the trade is completed. Other traders may react, prices can shift, and execution can worsen.

Iceberg orders help reduce this risk. Instead of showing the full order size, they split a large trade into smaller pieces that execute gradually. This keeps your intent less visible and helps you trade closer to the market price. In this guide, you’ll learn what iceberg orders are, when they make sense, and how to place them on Bybit step by step.

Key takeaways

• Iceberg orders split large trades into smaller, hidden orders.

• They help reduce slippage and unwanted price moves.

• You can place them on both spot and derivatives markets on Bybit.

• Execution may pause if prices move outside your set limits.

What is an iceberg order?