Openbook Market

Openbook Market enables you to create and configure trading markets for your token on Solana's Openbook DEX. This tool provides essential functionality for establishing and managing token trading parameters.

Market Configuration

Basic Parameters

  • Minimum order size - Controls minimum trade amount
  • Tick size - Sets price increment granularity
  • Market size selection - Affects capacity and cost
  • Base token selection - Your token to trade

Market Size Options

Choose from different market sizes based on your needs:

  • Large (~2.8 SOL) - Standard size for most tokens
  • Medium (~1.4 SOL) - Balanced option for medium volume
  • Small (~0.3 SOL) - Efficient for lower volume tokens

Advanced Settings

Queue Parameters

  • Event Queue Length
  • Request Queue Length
  • Orderbook Length
  • Custom size configuration

Market Components

  • Base vault setup
  • Quote vault configuration
  • Bid/Ask order books
  • Market authority settings

Market Economics

Price Impact

Understanding how parameters affect trading:

  • Tick size influences price precision
  • Order size affects market depth
  • Queue lengths impact trading capacity

Recommended Settings

Based on token's trading volume:

Token Supply

Order Size

Tick Size

100K
0.01
0.0001
1M
0.1
0.00001
10M
1
0.000001
100M
10
0.0000001
1B
100
0.00000001
10B
1,000
0.000000001
100B
10,000
0.0000000001

Best Practices

Important Considerations

  • Market size affects creation cost
  • Parameters cannot be changed after creation
  • Verify all settings before deployment
  • Consider your token's trading volume

Setup Process

  1. Test market creation on Testnet
  2. Calculate appropriate market size
  3. Set optimal tick and order sizes
  4. Verify sufficient SOL balance
  5. Document market parameters