How to Create an OpenBook Market on Solana
OpenBook markets are required for legacy Raydium AmmV4 pools. This guide walks you through configuration, costs, and the creation process.
Do you actually need this?
If you're launching a new token, the Raydium CPMM pool is simpler and cheaper — no OpenBook market required. Only use this guide if you specifically need an AmmV4 pool.
Also note: CoinDevTools has two different AmmV4 tools. The Raydium AmmV4 Pool tool creates its own OpenBook market automatically, in the same flow, for no extra platform fee — it has no field for an existing Market ID, so a market bought here cannot be used with it. Only the Legacy AmmV4 Pool (OpenBook) tool has a "Market ID" field that accepts what you create on this page.
Step-by-step
Check if you need an OpenBook market
OpenBook markets are only required for legacy Raydium AmmV4 pools. If you're using the modern Raydium CPMM v2 flow (recommended), you can skip this step entirely — CPMM pools don't need an OpenBook market.
Prepare your token pair
You need two token mint addresses: your token (base) and the quote token (usually SOL wrapped as WSOL). Both must be valid SPL tokens on Solana mainnet.
Configure market parameters
Set the lot size (minimum tradeable quantity) and tick size (minimum price increment). CoinDevTools provides recommended defaults based on your token supply. Incorrect values can make trading impractical.
Fund the creation
Creating an OpenBook market costs approximately 0.3-2.8 SOL for rent-exempt account creation (locked in the market accounts, not a fee) — the exact amount depends on the market size you pick under "Advanced Options" (the tool defaults to the largest, most expensive size) — plus a 0.5 SOL CoinDevTools platform fee. Budget roughly 0.8-3.3 SOL total.
Create the market
Connect your wallet, enter the parameters, and confirm. CoinDevTools handles the multi-instruction transaction that creates the market, event queue, bids, and asks accounts.
Use the market ID with the Legacy AmmV4 Pool tool
Copy the OpenBook Market ID from the success screen and paste it into the "OpenBook Market ID" field on the Legacy AmmV4 Pool tool (/liquidity-pool) — that field is what this Market ID is for. This is NOT the same as the "Raydium AmmV4 Pool" tool (/create-v4-liquidity): that tool creates its own OpenBook market automatically as part of the same flow, has no field for an existing Market ID, and paying for one here does not save you anything if you use it instead.
Related
Ready to create?
FAQ
Do I need an OpenBook market for a Raydium pool?
Only for legacy AmmV4 pools. The modern Raydium CPMM v2 pools do NOT require an OpenBook market — they're simpler, cheaper, and recommended for most new token launches.
How much does it cost to create an OpenBook market?
Approximately 0.3-2.8 SOL in Solana rent-exempt balance, depending on the market size you choose (the tool offers three presets and defaults to the largest), plus a 0.5 SOL CoinDevTools platform fee — roughly 0.8-3.3 SOL total.
What lot size and tick size should I use?
Lot size determines the minimum trade amount. Tick size determines the minimum price change. CoinDevTools provides recommended defaults based on your token's total supply. For a 1B supply token, typical values are lot size 100 and tick size 0.00001.
Can I create multiple OpenBook markets for the same token?
Yes, but there's rarely a reason to. Each market is independent. Most tokens only need one market paired with SOL (WSOL).