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A Retail Price Improvement (RPI) order is a specialized order type designed to provide retail traders with better execution prices than the publicly available order book prices. It’s widely utilized in both traditional financial markets and cryptocurrency exchanges.
With its focus on fairness and market integrity, Bybit introduced RPI orders on February 24, 2025 on its intuitive and user-friendly digital asset trading platform, driving a strong surge in liquidity across its Spot market. With retail price improvement, Bybit aims to enhance liquidity and improve pricing for retail traders by integrating it as a specialized order type under the Unified Trading Account (UTA).
In this article, you’ll learn what an RPI order is, how it works, its benefits for retail traders — and how to place one on Bybit. Let's get started!
Key Takeaways:
As a specialized order type under the Unified Trading Account (UTA), Retail Price Improvement (RPI) orders offer optimized execution prices for retail traders, creating a fairer trading environment while ensuring market integrity and stability.
While RPI orders are governed by a wide range of rules, they’re visible only on the trading interface, without special labels (except for crossed RPI orders), in order to maintain a fair execution environment for retail users.
You can place RPI orders via Bybit's OpenAPI as an authorized market-maker.