The time-weighted-average-price (TWAP) strategy divides a large order into smaller portions and executing them at regular time intervals. It aims to minimize market impact when trading a large position. For enhanced control over the TWAP execution price and slippage, it is recommended to establish Price Range parameters.“Price Range” helps you exert more precise control over the TWAP execution price and slippage. It contains two optional parameters：
Price Spread: The split orders will be placed as taker orders.
For example, in buying, orders will be placed at a specific spread above the mark price. The greater the spread, the more quickly the order will be filled, but this also increases slippage.
Price Limit: Your order will not be filled beyond this price
How to place a TWAP order and specify Price Range