Create Openbook Market
Easily Create your Openbook Market on Solana without coding
This is the smallest allowed order size. For a SOL/USDC market, this would be in units of SOL, a.k.a. the Lot size.
If min order size is 1, min tick size cannot be smaller than 0.000001. If min order size is 0.1 then min tick size cannot be smaller than 0.00001. However, if min order size is increased to 10, you then gain a min tick size decimal place and min tick can be 0.0000001, and so on. This is helpful for tokens with very low prices.
This is the smallest amount by which prices can move. For a SOL/USDC market, this would be in units of USDC, a.k.a. the price increment.
It is suggested that Min Price Tick Size should be a maximum of 0.1% of your intended starting price for the Base Token (price being the number of Quote Tokens needed to purchase 1 Base Token)
Configure sizes for the different accounts used to create the market to adjust rent cost
The Openbook Market for your token has been created. You can view all the information below.
Frequently Asked Questions
What is an OpenBook Market?
An OpenBook market is a decentralized orderbook on Solana that matches buy and sell orders for a token pair, enabling on-chain trading.
What are lot size and tick size?
Lot size is the minimum trade amount (min buy), and tick size is the smallest price increment for the orderbook.
What happens if I enable Advanced options?
Advanced mode lets you configure queue lengths (event, orderbook, request) for fine-tuning rent costs and performance.
How do I find my new market?
After creation, a 'View Created Market' button appears linking to your market address in the configured explorer.
What is a 'Standard OpenBook Market'?
A predefined template with recommended queue sizes for typical use cases, simplifying setup without manual tuning.