Intended use
Intended when the size is already decided and the impact of sending it at once should be reduced.
TWAP / iceberg
One large order is split into slices. It stops when complete and does not start another round.
Usage
Execution
TWAP takes total size, duration, and slice count. Iceberg takes total size, visible size, and order price. Reduce-only is available.
Before creation
The preview shows total notional, duration, and the notional under a slippage assumption. If it stops midway, the remainder remains at the exchange.
After it is running
When every slice finishes, or the user stops it, the instance is stopped.
Allocated funds can be lost in full.
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