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What is a range order?#

A range order is a CenturionDEX v3 liquidity position placed mostly or entirely on one side of the current price so that swaps gradually convert one token into the other as price moves through the selected range. It resembles a limit strategy, but it is still active liquidity rather than a guaranteed order.

How it works#

CenturionDEX v3 divides prices into ticks. You choose a lower and upper tick, a fee tier, and the assets required at the current price.

  • If the range is entirely above the current price in the chosen quote direction, the position can begin as one token.
  • As the pool price crosses the range, swaps convert the position toward the other token.
  • Once price passes completely through the range, the position can be entirely in the other token and becomes out of range.

The position earns its selected pool fee while active. It does not execute at one exact price; conversion occurs across the full interval and depends on available swap flow.

Step-by-step#

  1. Open the v3 liquidity flow in CenturionDEX.
  2. Select the verified token pair and intended fee tier.
  3. Confirm the quote direction so you understand which price movement causes conversion.
  4. Set lower and upper prices on the correct side of the current market.
  5. Review the required deposit. A properly positioned range order may require only one asset initially.
  6. Approve the CRC-20 token amount if needed.
  7. Review the range, token amounts, position NFT, and CTN network cost in your wallet.
  8. Confirm and monitor the position. Withdraw after conversion if you do not want price to re-enter the range and reverse part of the trade.

Worked example#

Suppose the current market is 50 tokens per CTN and you want to convert tokens into CTN if CTN becomes more expensive. You create a one-sided range from 52 to 58 tokens per CTN in the correct orientation.

As swaps move price through that interval, the position converts progressively. If price reaches the far side, the position may be fully in CTN. If price reverses before you withdraw, later swaps can convert some CTN back into the token.

Risks and limitations#

  • The market may never enter your range.
  • Price can cross and reverse before you remove liquidity.
  • Your average execution spans the range rather than one trigger price.
  • Fees may not offset adverse price movement or network costs.
  • Narrow ranges require closer monitoring and can be easier to move in thin markets.
  • Custom token transfer behavior can make position management fail.

Stay safe#

Verify both token contracts, fee tier, price orientation, and wallet actions. Never sign a position-management transaction from an unsolicited link, and never share a recovery phrase or private key.

Related#