> For the complete documentation index, see [llms.txt](https://docs.synfutures.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.synfutures.com/perp-trading/market-order.md).

# Market Order

Trade with Oyster AMM directly. The counterparty can either concentrated liquidity or limit orders.

* **Price Impact:** The estimated change of AMM price after this trade.
* **Limit Price:** The maximum price for a buy trade/The minimum price for a sell trade.
* **Trading Fee:** The fee paid for the trade. Please refer to the Pair Specification section.
* **Additional Fee:** A mechanism to protect liquidity providers. Please refer to the Security section.


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