# What Is a 'Hidden Limit Order' and Is It Compatible with Stop-Limit Functionality? ⎊ Path

**Published:** 2025-12-04
**Author:** Greeks.live
**Categories:** Path

---

## What Is a ‘Hidden Limit Order’ and Is It Compatible with Stop-Limit Functionality?

A hidden limit order, or 'iceberg order,' is a large limit order where only a small portion is displayed on the order book, while the rest remains concealed. This is used to prevent market front-running.

While exchanges may offer hidden limit orders, they are generally not compatible with the trigger mechanism of a stop-limit order, which requires the order to be inactive until the stop price is hit. However, the resulting limit order after the trigger may sometimes be placed as a hidden order, depending on the exchange's rules.

- [What Is the Difference between a Stop-Loss Order and a Stop-Limit Order in Crypto Trading?](https://learn.greeks.live/path/what-is-the-difference-between-a-stop-loss-order-and-a-stop-limit-order-in-crypto-trading/)

- [How Does a “Stop-Limit Order” Combine the Features of a Stop Order and a Limit Order?](https://learn.greeks.live/path/how-does-a-stop-limit-order-combine-the-features-of-a-stop-order-and-a-limit-order/)

- [What Is the Difference between a Hard Fork and a Soft Fork in Cryptocurrency?](https://learn.greeks.live/path/what-is-the-difference-between-a-hard-fork-and-a-soft-fork-in-cryptocurrency/)

- [What Is the Primary Difference between a “Market Order” and a “Stop Order”?](https://learn.greeks.live/path/what-is-the-primary-difference-between-a-market-order-and-a-stop-order/)

- [What Is a ‘Hard Fork’ and How Does It Differ from a ‘Soft Fork’?](https://learn.greeks.live/path/what-is-a-hard-fork-and-how-does-it-differ-from-a-soft-fork/)

- [How Do Decentralized Exchanges (DEXs) Handle Stop-Loss Execution without a Traditional Order Book?](https://learn.greeks.live/path/how-do-decentralized-exchanges-dexs-handle-stop-loss-execution-without-a-traditional-order-book/)

- [What Is a “Hidden Order” and How Does It Interact with the Visible Bid-Offer Spread?](https://learn.greeks.live/path/what-is-a-hidden-order-and-how-does-it-interact-with-the-visible-bid-offer-spread/)

- [Define ‘Iceberg Order’ and Its Impact on Perceived Order Book Depth](https://learn.greeks.live/path/define-iceberg-order-and-its-impact-on-perceived-order-book-depth/)

## Glossar

### [Hidden Limit Order](https://learn.greeks.live/area/hidden-limit-order/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Anonymity ⎊ A hidden limit order, often referred to as an iceberg order in its partial display form, is a non-displayed order type designed to mask the true size of a large trading interest.

### [Iceberg Order](https://learn.greeks.live/area/iceberg-order/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Display ⎊ The iceberg order is a specialized limit order that strategically manages the visibility of a large trading volume on the exchange's order book.

### [Large Limit Order](https://learn.greeks.live/area/large-limit-order/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Order ⎊ A large limit order represents a significant commitment of capital to buy or sell a crypto asset or derivative at a predetermined price, resting passively on the exchange's order book.

### [Limit Order](https://learn.greeks.live/area/limit-order/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Instrument ⎊ A limit order is an instruction to trade an asset at a specified price or better, providing the trader with precise control over the entry or exit cost, unlike a market order.

### [Stop Price](https://learn.greeks.live/area/stop-price/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Trigger ⎊ A stop price, within cryptocurrency derivatives and options trading, functions as a conditional order execution point, initiating a market or limit order when the specified price level is reached.

## Discover More

### [How Does a "Fill or Kill" Order Differ from an "Immediate or Cancel" Order?](https://learn.greeks.live/path/how-does-a-fill-or-kill-order-differ-from-an-immediate-or-cancel-order/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does a "Fill or Kill" Order Differ from an "Immediate or Cancel" Order?](https://learn.greeks.live/wp-content/uploads/2025/10/Intricate-Quantum-Circuitry-Modeling-Illustrating-Decentralized-Finance-Option-Hedging-Mechanisms.webp)

FOK requires immediate and full execution or cancellation; IOC allows immediate partial execution, canceling the rest.

### [What Is the Advantage of Using an RFQ System over a Central Limit Order Book for Large Options Trades?](https://learn.greeks.live/path/what-is-the-advantage-of-using-an-rfq-system-over-a-central-limit-order-book-for-large-options-trades/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is the Advantage of Using an RFQ System over a Central Limit Order Book for Large Options Trades?](https://learn.greeks.live/wp-content/uploads/2025/10/Decentralized-Autonomous-Organization-Governance-Mechanism-Propagating-Kinetic-Volatility-Transfer-via-Exotic-Options-Structures.webp)

RFQ offers reduced market impact and better pricing for large orders by keeping the trade request private from the general market.

### [Why Are Stop-Loss Orders Less Effective in Low-Liquidity Cryptocurrency Markets?](https://learn.greeks.live/path/why-are-stop-loss-orders-less-effective-in-low-liquidity-cryptocurrency-markets/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![Why Are Stop-Loss Orders Less Effective in Low-Liquidity Cryptocurrency Markets?](https://learn.greeks.live/wp-content/uploads/2025/10/Tokenized-Asset-Interconnectivity-Mechanism-Illustrating-Decentralized-Exchange-Atomic-Swaps-Mechanisms.webp)

Thin order books in low-liquidity markets cause stop-loss orders to incur severe slippage and larger losses.

### [How Is the Strike Price Conceptually Similar to a "Limit Order" in Trading?](https://learn.greeks.live/path/how-is-the-strike-price-conceptually-similar-to-a-limit-order-in-trading/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Is the Strike Price Conceptually Similar to a "Limit Order" in Trading?](https://learn.greeks.live/wp-content/uploads/2025/10/Futuristic-Crosshatched-Algorithmic-Trading-Instrument-Schematics-Representing-DeFi-Protocol-Interoperability-Layers.webp)

Both the strike price and a limit order specify a predetermined price for a transaction, but the strike price is a right for a future transaction.

### [How Does an 'Immediate or Cancel' (IOC) Order Differ from a 'Fill or Kill' (FOK) Order?](https://learn.greeks.live/path/how-does-an-immediate-or-cancel-ioc-order-differ-from-a-fill-or-kill-fok-order/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does an 'Immediate or Cancel' (IOC) Order Differ from a 'Fill or Kill' (FOK) Order?](https://learn.greeks.live/wp-content/uploads/2025/10/Refractive-Crystal-Geometry-Modeling-Decentralized-Autonomous-Organization-Protocol-Volatility-Dynamics.webp)

FOK requires full, immediate fill or cancellation; IOC allows partial, immediate fill, cancelling the remainder.

### [In Options Trading, What Is the Risk of Using a Market Order versus a Limit Order?](https://learn.greeks.live/path/in-options-trading-what-is-the-risk-of-using-a-market-order-versus-a-limit-order/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![In Options Trading, What Is the Risk of Using a Market Order versus a Limit Order?](https://learn.greeks.live/wp-content/uploads/2025/10/Macro-View-of-a-DeFi-Protocol-Governance-Token-Mechanism-Interface-Featuring-Volatility-Swaption-Strike-Adjustment.webp)

A Market Order risks high slippage due to wide spreads and shallow depth in options; a Limit Order guarantees price but risks non-execution.

### [What Is the "Price-Time Priority" Rule in Order Matching and How Does It Deter Front-Running?](https://learn.greeks.live/path/what-is-the-price-time-priority-rule-in-order-matching-and-how-does-it-deter-front-running/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is the "Price-Time Priority" Rule in Order Matching and How Does It Deter Front-Running?](https://learn.greeks.live/wp-content/uploads/2025/10/Precision-Machining-of-Spindle-Assembly-Interfacing-with-High-Reflectivity-Digital-Asset-Ledger-Substrate.webp)

Price-time priority fills the best-priced order first, and then the oldest order at that price, preventing manual queue jumping by insiders.

### [In What Scenario Would a Trader Set the Limit Price Far from the Stop Price?](https://learn.greeks.live/path/in-what-scenario-would-a-trader-set-the-limit-price-far-from-the-stop-price/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![In What Scenario Would a Trader Set the Limit Price Far from the Stop Price?](https://learn.greeks.live/wp-content/uploads/2025/10/High-Precision-Cryogenic-Spire-Mechanism-on-Dark-Spherical-Substrate-Reflecting-Collateralized-Debt-Positions.webp)

When execution certainty is prioritized over price certainty, especially in extremely volatile markets with high expected slippage.

### [What Is a "Limit Order Book Sweep" and Why Is It Used?](https://learn.greeks.live/path/what-is-a-limit-order-book-sweep-and-why-is-it-used/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is a "Limit Order Book Sweep" and Why Is It Used?](https://learn.greeks.live/wp-content/uploads/2025/10/Layered-Synthetic-Material-Geometry-Suggesting-Collapsed-Volatility-Surface-In-Decentralized-Derivatives-Protocols.webp)

A limit order book sweep aggressively consumes all available liquidity up to a set price across venues, prioritizing fast, full execution over minimal slippage.

---

## Raw Schema Data

```json
{
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
        {
            "@type": "ListItem",
            "position": 1,
            "name": "Home",
            "item": "https://learn.greeks.live"
        },
        {
            "@type": "ListItem",
            "position": 2,
            "name": "Path",
            "item": "https://learn.greeks.live/path/"
        },
        {
            "@type": "ListItem",
            "position": 3,
            "name": "What Is a &#8216;Hidden Limit Order&#8217; and Is It Compatible with Stop-Limit Functionality?",
            "item": "https://learn.greeks.live/path/what-is-a-hidden-limit-order-and-is-it-compatible-with-stop-limit-functionality/"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Article",
    "mainEntityOfPage": {
        "@type": "WebPage",
        "@id": "https://learn.greeks.live/learn/what-is-a-hidden-limit-order-and-is-it-compatible-with-stop-limit-functionality/"
    },
    "headline": "What Is a 'Hidden Limit Order' and Is It Compatible with Stop-Limit Functionality? \u238a Path",
    "description": "A hidden order is not displayed on the book. It is usually incompatible with the trigger but the resulting limit order might be hidden. \u238a Path",
    "url": "https://learn.greeks.live/learn/what-is-a-hidden-limit-order-and-is-it-compatible-with-stop-limit-functionality/",
    "author": {
        "@type": "Person",
        "name": "Greeks.live",
        "url": "https://learn.greeks.live/author/greeks-live/"
    },
    "datePublished": "2025-12-04T12:36:25+00:00",
    "dateModified": "2025-12-04T12:36:25+00:00",
    "publisher": {
        "@type": "Organization",
        "name": "Greeks.live"
    },
    "articleSection": [
        "Path"
    ],
    "image": {
        "@type": "ImageObject",
        "url": "https://learn.greeks.live/wp-content/uploads/2025/10/Abstract-Visualization-of-Centralized-Token-Swaps-Interlocking-with-Decentralized-Exchange-Protocol-Structures.jpg",
        "caption": "Four distinct, angled components colored dark cyan khaki and teal radiate from a central, complex metallic assembly featuring layered circles and fine serrations set against a stark black background, conveying a sense of deep mechanical precision. This striking composition visualizes the core infrastructural challenge of modern decentralized finance DeFi where disparate systems must achieve atomic settlement. The metallic center suggests the immutable core logic, perhaps representing a specific consensus mechanism or the central clearing functionality underpinning synthetic asset creation. The surrounding colored segments imply various asset classes or liquidity pools interacting dynamically, mirroring the challenges in managing complex option strategies involving variable strike prices and expiration cycles. Effectively, the image encapsulates the engineering rigor necessary for reliable decentralized exchange DEX operations, particularly concerning slippage minimization during large block trades and the constant recalibration of impermanent loss exposure within yield farming protocols, far beyond simple fiat on ramps."
    }
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "WebSite",
    "url": "https://learn.greeks.live/",
    "potentialAction": {
        "@type": "SearchAction",
        "target": "https://learn.greeks.live/?s=search_term_string",
        "query-input": "required name=search_term_string"
    }
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "WebPage",
    "@id": "https://learn.greeks.live/path/what-is-a-hidden-limit-order-and-is-it-compatible-with-stop-limit-functionality/",
    "mentions": [
        {
            "@type": "DefinedTerm",
            "name": "Hidden Limit Order",
            "url": "https://learn.greeks.live/area/hidden-limit-order/",
            "description": "Anonymity \u238a A hidden limit order, often referred to as an iceberg order in its partial display form, is a non-displayed order type designed to mask the true size of a large trading interest."
        },
        {
            "@type": "DefinedTerm",
            "name": "Iceberg Order",
            "url": "https://learn.greeks.live/area/iceberg-order/",
            "description": "Display \u238a The iceberg order is a specialized limit order that strategically manages the visibility of a large trading volume on the exchange's order book."
        },
        {
            "@type": "DefinedTerm",
            "name": "Large Limit Order",
            "url": "https://learn.greeks.live/area/large-limit-order/",
            "description": "Order \u238a A large limit order represents a significant commitment of capital to buy or sell a crypto asset or derivative at a predetermined price, resting passively on the exchange's order book."
        },
        {
            "@type": "DefinedTerm",
            "name": "Limit Order",
            "url": "https://learn.greeks.live/area/limit-order/",
            "description": "Instrument \u238a A limit order is an instruction to trade an asset at a specified price or better, providing the trader with precise control over the entry or exit cost, unlike a market order."
        },
        {
            "@type": "DefinedTerm",
            "name": "Stop Price",
            "url": "https://learn.greeks.live/area/stop-price/",
            "description": "Trigger \u238a A stop price, within cryptocurrency derivatives and options trading, functions as a conditional order execution point, initiating a market or limit order when the specified price level is reached."
        }
    ]
}
```


---

**Original URL:** https://learn.greeks.live/learn/what-is-a-hidden-limit-order-and-is-it-compatible-with-stop-limit-functionality/
