How to Cancel a Pending Order on Bybit? (Trade Management)

Understanding Pending Orders on Bybit

1. A pending order refers to any limit, stop-market, or take-profit/stop-loss order that has been placed but not yet executed on Bybit’s trading interface.

2. These orders remain active in the system until triggered, canceled manually, or invalidated by market conditions such as insufficient margin or position limits.

3. Pending orders appear under the “Active Orders” tab in the Spot, Futures, or Options trading panels depending on the selected product type.

4. Each pending order displays key details including order ID, symbol, side (Buy/Sell), price, quantity, order type, and time of placement.

5. Orders placed via API retain the same cancelability rules as those placed through the web or mobile interface unless restricted by specific API key permissions.

Step-by-Step Cancellation Process

1. Log into your Bybit account using verified credentials and navigate to the trading interface corresponding to the asset class where the order was placed.

2. Click on the “Orders” section, then select the “Active Orders” sub-tab to view all currently unexecuted instructions.

3. Locate the specific pending order by scanning the list or using the search filter for symbol or order ID.

4. Hover over the target row and click the Cancel button — this action is irreversible once confirmed.

5. A confirmation dialog will appear; clicking “Confirm” initiates the cancellation request immediately with no additional fees or delays.

Mobile App Cancellation Workflow

1. Open the official Bybit mobile application and ensure you are logged into the correct account environment (Mainnet or Testnet).

2. Tap the “Trade” icon at the bottom navigation bar and switch to the relevant market (e.g., BTCUSDT Perpetual).

3. Access the “Orders” panel via the hamburger menu or bottom tab bar, then choose “Active” from the top filter options.

4. Swipe left on the desired pending order entry to reveal the Cancel option.

5. Tap it and confirm the prompt — the order status updates to “Canceled” within one second under normal network conditions.

API-Based Order Cancellation

1. Developers must use the authenticated REST endpoint /v5/order/cancel with required parameters including category, symbol, and orderId or clientOrderId.

2. Signature generation follows Bybit’s HMAC-SHA256 specification, requiring timestamp, recv_window, and proper header formatting.

3. Successful responses return a JSON object containing retCode 0, retMsg “OK”, and orderStatus “Cancelled”.

4. Failed attempts may return error codes like 30027 (order not found) or 30029 (order already filled), indicating timing or state mismatches.

5. Rate limiting applies: up to 20 cancel requests per second per API key, enforced at the server level regardless of concurrent connections.

Frequently Asked Questions

Q: Can I cancel multiple pending orders at once?A: Yes. Bybit supports bulk cancellation via the “Cancel All” button located above the Active Orders table. This action affects only orders in the currently selected market and contract type.

Q: What happens if I try to cancel an order that has already been partially filled?A: The unfilled portion is canceled immediately. The filled portion remains as a realized trade and appears in the “Order History” tab with execution timestamps and fees.

Q: Is there a time window during which cancellation is not allowed after placing an order?A: No. Cancellation is permitted at any moment before full execution, even within milliseconds of submission, provided the order has not entered matching engine processing.

Q: Does canceling a pending order affect my available margin or position size?A: Canceling does not alter margin balance or open interest. It only removes the conditional instruction from the matching queue without triggering any funding or settlement events.