Perpetual Futures: What are Makers and Takers?

Orders created by market makers are placed in the order book for buying and selling, rather than being executed immediately. For example, if a limit order is created to sell 1 BTC when the price reaches $50,000, these orders provide liquidity to the market, allowing other traders to more easily buy or sell BTC immediately when conditions are met. Traders who buy or sell immediately are called takers. In other words, takers are the ones who execute orders created by makers.

Takers:
If an order is immediately executed before entering the order book, you are a taker. This is the case whether your order is partially or fully executed.
Trades from market orders are always considered taker trades because market orders never appear in the order book. Instead, they are executed directly based on the conditions set by the opposing party, making them taker trades.
Immediate or Cancel (IOC) and Fill or Kill (FOK) orders also fall under taker orders.

Makers:
When you place an order, either partially or fully, that enters the order book (e.g., a limit order), any subsequent trades from that order will be maker trades.
Note:
Good 'Til Canceled (GTC) orders can be traded as both taker and maker orders.
Using limit orders does not guarantee that your order will be a maker order.
If you want to ensure that your order enters the order book before being executed, select "Post Only" when placing your order.