diff --git a/freqtrade/constants.py b/freqtrade/constants.py
index b41a3ad9c..08048c3e7 100644
--- a/freqtrade/constants.py
+++ b/freqtrade/constants.py
@@ -5,7 +5,7 @@ bot constants
 """
 from typing import Any, Dict, List, Literal, Tuple
 
-from freqtrade.enums import CandleType, RPCMessageType
+from freqtrade.enums import CandleType, PriceType, RPCMessageType
 
 
 DEFAULT_CONFIG = 'config.json'
@@ -25,6 +25,7 @@ PRICING_SIDES = ['ask', 'bid', 'same', 'other']
 ORDERTYPE_POSSIBILITIES = ['limit', 'market']
 _ORDERTIF_POSSIBILITIES = ['GTC', 'FOK', 'IOC', 'PO']
 ORDERTIF_POSSIBILITIES = _ORDERTIF_POSSIBILITIES + [t.lower() for t in _ORDERTIF_POSSIBILITIES]
+STOPLOSS_PRICE_TYPES = [p for p in PriceType]
 HYPEROPT_LOSS_BUILTIN = ['ShortTradeDurHyperOptLoss', 'OnlyProfitHyperOptLoss',
                          'SharpeHyperOptLoss', 'SharpeHyperOptLossDaily',
                          'SortinoHyperOptLoss', 'SortinoHyperOptLossDaily',
@@ -229,6 +230,7 @@ CONF_SCHEMA = {
                     'default': 'market'},
                 'stoploss': {'type': 'string', 'enum': ORDERTYPE_POSSIBILITIES},
                 'stoploss_on_exchange': {'type': 'boolean'},
+                'stoploss_price_type': {'type': 'string', 'enum': STOPLOSS_PRICE_TYPES},
                 'stoploss_on_exchange_interval': {'type': 'number'},
                 'stoploss_on_exchange_limit_ratio': {'type': 'number', 'minimum': 0.0,
                                                      'maximum': 1.0}
diff --git a/tests/exchange/test_binance.py b/tests/exchange/test_binance.py
index cb304f699..4d0602609 100644
--- a/tests/exchange/test_binance.py
+++ b/tests/exchange/test_binance.py
@@ -50,7 +50,7 @@ def test_stoploss_order_binance(default_conf, mocker, limitratio, expected, side
         )
 
     api_mock.create_order.reset_mock()
-    order_types = {'stoploss': 'limit'}
+    order_types = {'stoploss': 'limit', 'stoploss_price_type': 'mark'}
     if limitratio is not None:
         order_types.update({'stoploss_on_exchange_limit_ratio': limitratio})
 
@@ -75,7 +75,7 @@ def test_stoploss_order_binance(default_conf, mocker, limitratio, expected, side
     if trademode == TradingMode.SPOT:
         params_dict = {'stopPrice': 220}
     else:
-        params_dict = {'stopPrice': 220, 'reduceOnly': True}
+        params_dict = {'stopPrice': 220, 'reduceOnly': True, 'workingType': 'MARK_PRICE'}
     assert api_mock.create_order.call_args_list[0][1]['params'] == params_dict
 
     # test exception handling