This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-06-12 10:15:54] BTCDJS : well I don't have a position open yet. Still scoping out what my move is. I want to be a sure as I can be. this is still the best exchange for me in terms of leverage. How do other exchanges get away with trading at 500X?
[2016-06-12 10:17:36] REKT : Liquidated long on `ETHXBT`: Sell 697 @ 0.02228
[2016-06-12 10:17:40] BitMEX_Wally : BTCDJS: You can get 500x on major currency pairs like EURUSD etc
[2016-06-12 10:17:53] BitMEX_Wally : But XBTUSD is very volatile
[2016-06-12 10:18:17] BitMEX_Wally : I think coinpit does 500x or something crazy, but they close you out after 2 dollars of profit
[2016-06-12 10:18:34] BTCDJS : BitMEX_Wally: I never looked in to it but I thought simpleFX traded BTCUSD at 500x.
[2016-06-12 10:18:52] BTCDJS : Im probably wrong though
[2016-06-12 10:19:30] mrp1nk : BTCDJS: yeah you are wrong. 500x would get you margin called on the spread
[2016-06-12 10:19:33] BitMEX_Wally : They do 500x on commodities like oil
[2016-06-12 10:19:42] BTCDJS : oh right
[2016-06-12 10:20:41] BitMEX_Wally : From looking at simplefx they currently offer 10x leverage on Bitcoin vs UD
[2016-06-12 10:20:49] BTCDJS : So Bitmex is still the highest leverage for XBTUSD. Looks like the fees are unavoidable. So its really the nature of the beast
[2016-06-12 10:22:11] rapidtrades : fees premiums etc could mean the difference between losing and winning when ur trading short-term
[2016-06-12 10:22:34] rapidtrades : and dpe/clawbacks
[2016-06-12 10:22:40] j8 : yep, funding costs are unavoidable, at least now they'll reflect the market better
[2016-06-12 10:23:30] rapidtrades : leverage always costs extra, so one way to keep ur costs down is don't use so much of it :)
[2016-06-12 10:23:43] BTCDJS : how do the fees work for people trading at lower leverage here?
[2016-06-12 10:23:54] rapidtrades : same
[2016-06-12 10:24:12] BTCDJS : rapidtrades: but liquidation is further away
[2016-06-12 10:24:48] rapidtrades : i was talking about in general...for example bitfinex is now t 639 with lower rates to borow
[2016-06-12 10:26:16] rapidtrades : BitMEX_Wally: are u gonna move the liq at least?
[2016-06-12 10:26:23] rapidtrades : or just f*ck us over a second time
[2016-06-12 10:26:33] rapidtrades : after rebalance
[2016-06-12 10:27:01] REKT : Liquidated short on `XBTUSD`: Buy 1 @ 642.92 :punch: :whale:
[2016-06-12 10:28:00] GingerDan : https://www.tradingview.com/chart/BTCUSD/G9xxD6Ir-This-could-be-the-end-of-the-line-for-now/
[2016-06-12 10:28:15] rapidtrades : GingerDan: it isn't
[2016-06-12 10:28:52] GingerDan : Thats a nice opinion
[2016-06-12 10:29:17] rapidtrades : tnx i try
[2016-06-12 10:29:57] vbmithr : 20% DPE
[2016-06-12 10:30:19] sam : its at 20% thanks to idiots like ggwp
[2016-06-12 10:31:08] rapidtrades : if u give ppl enough leverage they'll eventually hang themselves with it
[2016-06-12 10:31:18] BTCDJS : sam: Hey thats my mate you're talking about there
[2016-06-12 10:31:32] rapidtrades : if it wasn't ggwp it would've been someone else
[2016-06-12 10:31:37] REKT : Liquidated short on `XBTUSD`: Buy 640000 @ 643.71 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 10:31:48] rapidtrades : great, another one
[2016-06-12 10:31:54] sam : BTCDJS: don't really care
[2016-06-12 10:32:45] rapidtrades : sam: why are u making it personal? it could've been any other newb
[2016-06-12 10:32:49] arbitrage001 : holy
[2016-06-12 10:32:51] arbitrage001 : 640k?
[2016-06-12 10:33:14] rapidtrades : yes
[2016-06-12 10:33:23] rapidtrades : we just doubled the stakes gentlemen
[2016-06-12 10:33:27] sam : i hate the guy
[2016-06-12 10:33:29] sam : he spams
[2016-06-12 10:33:33] dorothy490 : 13л ;
[2016-06-12 10:33:36] dorothy490 : 13k $
[2016-06-12 10:33:40] dorothy490 : on x50 leverage
[2016-06-12 10:33:41] arbitrage001 : didnt know rich people can be stupid
[2016-06-12 10:33:58] arbitrage001 : thought that is a minimum iq level to be successful
[2016-06-12 10:34:37] micmix : rapidtrades: you were right, an alarm went off and I'm up
[2016-06-12 10:34:53] rapidtrades : micmix: told ya :)
[2016-06-12 10:34:57] sam : $600 was a huge psychological price point, could see another leg up
[2016-06-12 10:35:17] micmix : okc ppl with their crazy bots :smile:
[2016-06-12 10:35:22] arbitrage001 : sam: high price invites supply and selling
[2016-06-12 10:35:40] BitMEX_Wally : After rebalance we will move the liquidation order to the rebalance price
[2016-06-12 10:35:43] arbitrage001 : mining who giving up their mining might suddenly turn on their farm again
[2016-06-12 10:35:44] rapidtrades : micmix: now u have that crazy headache cos u only slept 30 mins or whatever
[2016-06-12 10:35:51] sam : assuming humans are rational
[2016-06-12 10:35:56] micmix : yeah
[2016-06-12 10:36:05] rapidtrades : BitMEX_Wally: all of them right? new one of 600k too
[2016-06-12 10:36:12] BitMEX_Wally : Yes
[2016-06-12 10:36:29] rapidtrades : and rebalance price would be mark
[2016-06-12 10:36:51] arbitrage001 : 1.4% premiuim
[2016-06-12 10:36:59] j8 : the premium from the new funding period will put the mark price above the rebalance price right
[2016-06-12 10:37:06] arbitrage001 : that mean funcing cost will be 1.4% if premium stays?
[2016-06-12 10:37:17] arbitrage001 : funding
[2016-06-12 10:37:23] rapidtrades : its capped, sadly
[2016-06-12 10:37:33] arbitrage001 : rapidtrades: at?
[2016-06-12 10:37:40] rapidtrades : wally will explain
[2016-06-12 10:38:01] BitMEX_Wally : Capped at 1.125% in total
[2016-06-12 10:38:08] arbitrage001 : BitMEX_Wally: ok
[2016-06-12 10:38:11] justinlooking : BitMEX_Wally: u have lil display bug on app/contract/XBTUSD
[2016-06-12 10:38:13] BitMEX_Wally : And each change can only increase by 0.375%
[2016-06-12 10:38:21] arbitrage001 : i can live with 1.125% a day for the remianing for my life
[2016-06-12 10:38:22] justinlooking : "Funding Premium Symbol"
[2016-06-12 10:38:29] arbitrage001 : of
[2016-06-12 10:38:44] sq : arbitrage001: that would work for me too XD
[2016-06-12 10:39:15] BitMEX_Wally : justinlooking: Ahh yes, that will be added after 12:00 UTC
[2016-06-12 10:39:47] arbitrage001 : BitMEX_Wally: that is 80 mins away
[2016-06-12 10:40:20] justinlooking : k m8
[2016-06-12 10:40:25] GingerDan : lets go to 644
[2016-06-12 10:40:30] GingerDan : (finex)
[2016-06-12 10:40:37] rapidtrades : this guy can tell time >>>> @arbitrage001
[2016-06-12 10:40:56] BTCDJS : GingerDan: lets go to 1000 BTC-e
[2016-06-12 10:41:32] laurenssteen : BTCDJS: you were long tonight
[2016-06-12 10:41:35] laurenssteen : ?
[2016-06-12 10:41:45] GingerDan : Lol, sure if you have a few million to buy it up
[2016-06-12 10:41:48] justinlooking : arbitrage, in a wide browser there's Rebalance countdown in top right
[2016-06-12 10:42:50] BTCDJS : laurenssteen: I was long from 575 and closed at 605.
[2016-06-12 10:43:07] laurenssteen : BTCDJS: nice
[2016-06-12 10:43:25] laurenssteen : BTCDJS: waiting for a serious drop to go long again
[2016-06-12 10:43:27] BTCDJS : laurenssteen: now I'm fomoing a small amount
[2016-06-12 10:43:47] BTCDJS : well I thought it would drop first
[2016-06-12 10:43:59] BTCDJS : but looks like its not over
[2016-06-12 10:44:18] rapidtrades : no shit
[2016-06-12 10:44:46] arbitrage001 : didnt know making money was easy
[2016-06-12 10:44:51] arbitrage001 : i was wrong
[2016-06-12 10:45:01] arbitrage001 : should have sell my house, wife and buy bitcoin
[2016-06-12 10:45:57] wingman : im out of this rektage platform
[2016-06-12 10:46:11] GingerDan : fair
[2016-06-12 10:46:14] arbitrage001 : wingman: you went short?
[2016-06-12 10:46:28] rapidtrades : emotions are high today
[2016-06-12 10:46:39] arbitrage001 : rapidtrades: yes
[2016-06-12 10:46:42] BTCDJS : rapidtrades: not ours tho
[2016-06-12 10:47:02] arbitrage001 : even long, got screwed by rekted
[2016-06-12 10:47:51] arbitrage001 : dpe of 50% not out of question
[2016-06-12 10:47:51] rapidtrades : yeah it sucks but that was always a risk here
[2016-06-12 10:48:02] arbitrage001 : with the rekt just now
[2016-06-12 10:48:08] arbitrage001 : and still running bull
[2016-06-12 10:48:15] rapidtrades : good thing about a daily is DPE can't be huge
[2016-06-12 10:48:27] arbitrage001 : rapidtrades: it is huge lol
[2016-06-12 10:48:32] justinlooking : rt?
[2016-06-12 10:48:36] rapidtrades : 20% is not huge
[2016-06-12 10:48:37] sam : plus500.com --> for anyone who wants to profit on the btc-e lag
[2016-06-12 10:48:58] rapidtrades : we had 30-35% in november
[2016-06-12 10:49:10] rapidtrades : before that there was +60% on the monthlies
[2016-06-12 10:49:34] null : oh boy, I have to quickly deposit more BTC to avoid margin call
[2016-06-12 10:49:46] null : $60 move in 1 day
[2016-06-12 10:50:09] rapidtrades : yeah its glorious
[2016-06-12 10:50:19] null : tomorrow $100 move?
[2016-06-12 10:50:30] null : if so, the question is, which way
[2016-06-12 10:50:31] rapidtrades : sure why not lol
[2016-06-12 10:50:37] justinlooking : null maybe pull some orders too if need more excess margin immediately
[2016-06-12 10:50:47] null : nah my margin call is at $800
[2016-06-12 10:51:08] null : just deposited, so unless price runs $150 in 1hr Im fine
[2016-06-12 10:51:25] justinlooking : kwl
[2016-06-12 10:51:38] BTCDJS : I think we will retrace from 690-700 Bitmex index
[2016-06-12 10:51:42] justinlooking : 4360 they are mental
[2016-06-12 10:52:17] rapidtrades : justinlooking: its only 660 brah
[2016-06-12 10:53:37] REKT : Liquidated short on `XBTUSD`: Buy 1 @ 646.53 :punch: :whale:
[2016-06-12 10:53:47] REKT : Liquidated short on `XBTUSD`: Buy 5000 @ 646.77
[2016-06-12 10:54:01] rapidtrades : hey REKT is back
[2016-06-12 10:57:39] GingerDan : theres 644 like I said, now pull back
[2016-06-12 11:00:27] arbitrage001 : let's pull it back to 200
[2016-06-12 11:00:31] GingerDan : lol
[2016-06-12 11:00:32] arbitrage001 : 150 range
[2016-06-12 11:00:49] rapidtrades : rebalance wil be fun :)
[2016-06-12 11:01:00] stf28 : 20% dpe ???
[2016-06-12 11:01:02] arbitrage001 : i would mind 20% dpe
[2016-06-12 11:01:06] arbitrage001 : wouldnt mind
[2016-06-12 11:01:10] BTCDJS : just for fun. I predict 690 then down to 550s before we moon again
[2016-06-12 11:01:13] arbitrage001 : if btc hit 200
[2016-06-12 11:02:07] GingerDan : heres the pullback.
[2016-06-12 11:05:48] stf28 : no pullback :(
[2016-06-12 11:08:50] AbuAli : im 99% ROE with only 500 conts. fuck me..
[2016-06-12 11:09:23] AbuAli : i wanted to go 15k but changed my mind :(
[2016-06-12 11:09:36] stf28 : it's still climbing
[2016-06-12 11:11:28] AbuAli : 104% :( fuck me harder btc
[2016-06-12 11:11:30] wurstgelee : no retracing until china decides to do so
[2016-06-12 11:12:01] stf28 : 24 jun still underpriced imho
[2016-06-12 11:12:10] wurstgelee : starting to take profits, 380% roe is enough. no need to be greedy oO
[2016-06-12 11:12:12] Blargwaffle : When is China's debt crisis over?
[2016-06-12 11:12:17] REKT : Liquidated short on `XBTUSD`: Buy 2000 @ 648.26
[2016-06-12 11:12:39] AbuAli : wurstgelee: great mate
[2016-06-12 11:12:46] GingerDan : wurstgelee: V nice. What was entry and leverage?
[2016-06-12 11:13:07] wurstgelee : june contracts, no swaps
[2016-06-12 11:13:10] wurstgelee : 25x ofc
[2016-06-12 11:13:28] wurstgelee : a little below 590
[2016-06-12 11:14:19] stf28 : okcoin still pushing
[2016-06-12 11:14:57] REKT : Liquidated short on `XBTUSD`: Buy 8000 @ 648.80
[2016-06-12 11:14:57] REKT : Liquidated short on `XBTUSD`: Buy 2285 @ 649.14
[2016-06-12 11:15:46] stf28 : will it pop again?
[2016-06-12 11:16:23] rapidtrades : sure
[2016-06-12 11:17:47] justinlooking : i dunno, china has punched it's resistance, but usd has it to go. tricky one
[2016-06-12 11:18:34] rapidtrades : its not tricky at all...USD follows
[2016-06-12 11:21:50] GingerDan : aaannnd short
[2016-06-12 11:22:03] rapidtrades : :)
[2016-06-12 11:22:12] futuretrader : hllo
[2016-06-12 11:22:40] futuretrader : guys what is my profit here just a bit confused
[2016-06-12 11:25:57] GingerDan : This looks good to buy again
[2016-06-12 11:26:08] BTCDJS : GingerDan: ha ha
[2016-06-12 11:26:44] BitMEX_Wally : futuretrader: There is Unrealised PNL (profit and loss) and Realised PNL
[2016-06-12 11:27:19] BitMEX_Wally : Unrealised PNL is the profit/loss from an open position from your entry price to the mark price
[2016-06-12 11:27:59] justinlooking : futuretrader: generally u can do margin balance minus sum of deposits
[2016-06-12 11:28:10] BitMEX_Wally : Realised PNL is profit/loss from positions that have been closed or rebalanced
[2016-06-12 11:28:53] BitMEX_Wally : plus/minus any trading fees
[2016-06-12 11:32:37] AbuAli : party is over, bed time lol
[2016-06-12 11:32:57] REKT : Liquidated long on `XBTUSD`: Sell 30705 @ 640.94 **MEGA-REKT** :boom:
[2016-06-12 11:33:03] sq : LOL
[2016-06-12 11:33:11] sq : rekt up n rekt down
[2016-06-12 11:33:47] sq : wad a day
[2016-06-12 11:34:08] arbitrage001 : lol
[2016-06-12 11:34:18] arbitrage001 : both bull and bear get recked
[2016-06-12 11:34:24] BTCDJS : Getting REKT is fun
[2016-06-12 11:34:27] Mr Blue : BitMEX_Wally: when will rebalancing be complete? because I think I messed up trying to avoid the liquidation man, and lost 0.15 that I didn't need to, as it was a seperate balance from my contract position.
[2016-06-12 11:34:34] BTCDJS : when its someone else
[2016-06-12 11:34:55] Mr Blue : lol
[2016-06-12 11:35:23] justinlooking : how can we see the orders the system's working orders?
[2016-06-12 11:35:49] BitMEX_Arthur : justinlooking: Not sure I understand the question
[2016-06-12 11:36:14] BitMEX_Arthur : Mr Blue: Rebalance will happen in 25 minutes
[2016-06-12 11:36:27] Mr Blue : BitMEX_Arthur: cool
[2016-06-12 11:40:51] justinlooking : hi arthur i mean the system is working orders to close liquidated positions, are they identifiable?
[2016-06-12 11:42:07] j8 : https://www.bitmex.com/api/v1/liquidation
[2016-06-12 11:42:11] BitMEX_Wally : Outstanding liquidations arre published on the API (which is what the REKT bot listens to)
[2016-06-12 11:42:14] BitMEX_Wally : Thanks j8 :)
[2016-06-12 11:42:23] justinlooking : ty j8
[2016-06-12 11:43:36] REKT : Liquidated long on `LTCXBT`: Sell 25 @ 0.00830
[2016-06-12 11:55:22] BTCDJS : Does anyone else here want the stops on the chart the same way the long and short positions are shown? Or is it just me who thinks that would be a nice idea?
[2016-06-12 11:56:06] GingerDan : BitMEX_Wally: In a Stop Limit order, why is the Limit price based on the Stop price when the Stop price is based on the market price?
[2016-06-12 11:56:29] BitMEX_Wally : I am not sure I understand your quesiton
[2016-06-12 11:56:53] GingerDan : Its a bit complicated to explain, but ill try
[2016-06-12 11:56:56] BitMEX_Wally : Stop and Stop Market orders have a Stop Price and they are triggered when the Stop Price is reached. You can choose if you want the mark price or the last price to trigger the order
[2016-06-12 11:57:07] BitMEX_Wally : There is a checkbox `Mark Price Trigger`
[2016-06-12 11:57:18] GingerDan : ahhhhhh
[2016-06-12 11:57:26] GingerDan : I did not see that!
[2016-06-12 11:57:29] rapidtrades : ahh
[2016-06-12 11:57:47] BitMEX_Wally : For a Stop Limit order, once the last price (or mark price) has reached the Stop Price then a normal limit order is entered into the book at the Limit price
[2016-06-12 11:58:07] BTCDJS : BitMEX_Wally: what do you think about my idea? is it doable?
[2016-06-12 11:58:32] BitMEX_Wally : BTCDJS: It's a question for Sam, the whole of the TradingView charts library is more lines of code than the whole of BitMEX
[2016-06-12 11:58:45] BitMEX_Wally : Once a Stop Limit has triggered then the resulting Limit order appears on the chart
[2016-06-12 11:58:55] BTCDJS : damn
[2016-06-12 11:59:25] rapidtrades : BitMEX_Wally: well take it out then
[2016-06-12 11:59:28] rapidtrades : noone wants those chats
[2016-06-12 12:00:08] REKT : Liquidated short on `XBTUSD`: Buy 1844171 @ 645.49 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 12:00:21] Blargwaffle : Felt that DPE...
[2016-06-12 12:00:35] justinlooking : wtf, ended up with more unrealised pnl than before hte rebalance!
[2016-06-12 12:00:42] stf28 : this is stealing !
[2016-06-12 12:01:06] rapidtrades : 42% dpe lol
[2016-06-12 12:01:08] sam : wow 42%
[2016-06-12 12:01:11] GingerDan : hahahahhahahah
[2016-06-12 12:01:21] sam : might as well make it a 100
[2016-06-12 12:01:21] stf28 : bitmex bankrupt hide and run
[2016-06-12 12:01:26] zanza : how is it 42% ?
[2016-06-12 12:01:33] j8 : that's because there's very little profit so far today
[2016-06-12 12:01:39] BTCDJS : i lost a bit ?
[2016-06-12 12:01:47] Blargwaffle : Look at the mark, though.
[2016-06-12 12:01:48] zanza : was that your liq?
[2016-06-12 12:02:31] rapidtrades : no that's the old liqs rolled over
[2016-06-12 12:02:45] zanza : they roll over liqs?
[2016-06-12 12:02:48] zanza : no
[2016-06-12 12:02:56] rapidtrades : ya jew
[2016-06-12 12:03:03] zanza : thats the whole point of DPE
[2016-06-12 12:03:07] zanza : its absorbed every 24h
[2016-06-12 12:03:17] zanza : by winners
[2016-06-12 12:03:17] justinlooking : the dpe doesn't close the position
[2016-06-12 12:03:43] zanza : so you lose the money, but doesn't close any contracts?
[2016-06-12 12:03:46] zanza : wut
[2016-06-12 12:03:56] justinlooking : it was 1.8mil at 622, after 20% dpe, it's now 645
[2016-06-12 12:03:59] rapidtrades : exactly, now ur getting it
[2016-06-12 12:04:01] rapidtrades : zanza:
[2016-06-12 12:04:52] justinlooking : shrekt
[2016-06-12 12:05:35] j8 : so, 0.6641%.. i thought it was capped at a 0.375% increase?
[2016-06-12 12:06:06] yerb : this idiot just chipped off our profits via socialized losses, what a fuggin cunt
[2016-06-12 12:06:18] rapidtrades : new system is introduced, check email @j8
[2016-06-12 12:07:04] j8 : yeah i saw that of course.. wasn't the change in rate supposed to be capped though?
[2016-06-12 12:07:20] arbitrage001 : this new dpe is from short or long?
[2016-06-12 12:07:57] justinlooking : arbitrage001: its the same liquidated shorts from last 8hr session
[2016-06-12 12:08:18] arbitrage001 : justinlooking: so system didnt update yet?
[2016-06-12 12:08:27] arbitrage001 : shouldnt it reset to 0?
[2016-06-12 12:09:40] BitMEX_Wally : If the mark price is below the rebalance price there will be 0% DPE
[2016-06-12 12:09:42] j8 : so what happens is the clawback pays to move the liquidation to the spot price. but then the mark price has a 0.6641% premium, so it's already below that
[2016-06-12 12:10:22] futuretrader : on other exchanges btc is at 638#
[2016-06-12 12:10:44] BTCDJS : futuretrader: finex 641.6
[2016-06-12 12:10:48] Mr Blue : stf28: wouldn't surprise me, was some large buys just before hand, probably a whale club or okc tried to rape this place, but I believe the exchange will of hedged its orders or something on another place, so could = 0 loss for them I hope, as so far I'm enjoying this place.. we'll have to see what insurance fund says lol, I could of made $10,000+ profit if I wasn't such an idiot, so exchange losing $100,000+ isn't out of imagination.
[2016-06-12 12:11:21] rapidtrades : Mr Blue: exchange can't lose
[2016-06-12 12:11:41] Mr Blue : rapidtrades: I hope so :-)
[2016-06-12 12:11:51] BTCDJS : house always wins
[2016-06-12 12:12:11] rapidtrades : Mr Blue: u hope so? we pay it mofo
[2016-06-12 12:12:34] j8 : wow rate is at 0.429% now.. nice one guys
[2016-06-12 12:13:20] rapidtrades : there it is....a beauty
[2016-06-12 12:13:26] Mr Blue : rapidtrades: its not impossible for them to take a loss, even said its rare but can happen on insurance fund page when I could still find her lol
[2016-06-12 12:13:44] j8 : guys, sell that sh*t. the interest is awesome
[2016-06-12 12:13:55] arbitrage001 : wasnt it 0.66 just now?
[2016-06-12 12:14:08] j8 : it was, but it wasn't supposed to be, and they changed it
[2016-06-12 12:14:39] BitMEX_Arthur : The rate of 0.429% is the correct rate
[2016-06-12 12:14:50] arbitrage001 : how is this rate derived?
[2016-06-12 12:14:54] arbitrage001 : by using cap?
[2016-06-12 12:15:00] rapidtrades : BitMEX_Arthur: right now :)
[2016-06-12 12:15:23] BitMEX_Arthur : The change between periods can't be larger than 75% of the maintenance margin
[2016-06-12 12:16:02] arbitrage001 : 0.429 is just 8 hours rate
[2016-06-12 12:16:03] arbitrage001 : isnt it?
[2016-06-12 12:16:07] rapidtrades : BitMEX_Arthur: the rate will vary based on premium right? its not fixed for next 8 hrs
[2016-06-12 12:16:18] justinlooking : yes arb
[2016-06-12 12:16:20] BitMEX_Arthur : Yes that is the outright rate published now, to be charged at 20 UTC
[2016-06-12 12:16:22] arbitrage001 : ok then
[2016-06-12 12:16:30] arbitrage001 : annualized rate is over 300% ?
[2016-06-12 12:16:52] rapidtrades : BitMEX_Arthur: wtf...why did u drop it from 0.66%
[2016-06-12 12:17:09] BitMEX_Arthur : rapidtrades: Yes the published rate at 20 UTC to be charged at 04 UTC will be based on the premium between now and 20 UTC
[2016-06-12 12:17:37] rapidtrades : ok but the rate we see now...is that charged at 20h
[2016-06-12 12:17:42] rapidtrades : fixed?
[2016-06-12 12:17:56] BitMEX_Arthur : Yes longs will get charged 0.429% at 20 UTC
[2016-06-12 12:18:02] BitMEX_Arthur : then a new rate will be published
[2016-06-12 12:18:12] rapidtrades : why did u drop it from 0.66
[2016-06-12 12:18:22] BitMEX_Wally : 0.66% was showing as a mistake
[2016-06-12 12:18:34] rapidtrades : :(
[2016-06-12 12:18:40] BitMEX_Wally : The rate cannot increase more than 0.375% so the rate is 0.429% as stated in the announcement email
[2016-06-12 12:18:56] j8 : swung the index by an extra $2, may have rekt some folks
[2016-06-12 12:19:09] rapidtrades : good
[2016-06-12 12:20:40] j8 : so, 2700 btc to go.
[2016-06-12 12:21:29] arbitrage001 : anyone want to sellTU16?
[2016-06-12 12:21:37] arbitrage001 : september contract
[2016-06-12 12:21:47] j8 : i want to sell M16
[2016-06-12 12:21:52] arbitrage001 : lol
[2016-06-12 12:21:59] arbitrage001 : guess we are trying to do the same
[2016-06-12 12:22:32] arbitrage001 : m16 will expire in 2 weeks, small problem for you
[2016-06-12 12:22:42] j8 : yeah, i'm eager
[2016-06-12 12:23:10] j8 : also getting a little bit of a margin crunch going on
[2016-06-12 12:23:26] arbitrage001 : j8: ?
[2016-06-12 12:23:36] arbitrage001 : you are long? should be in good shape
[2016-06-12 12:24:19] j8 : i'm long and short, have big losses and big gains, but the gains are unrealised and don't cover the losses
[2016-06-12 12:24:37] j8 : and it's only sunday... weekly rebalance can't come soon enough
[2016-06-12 12:24:52] arbitrage001 : if they are hedged, should not be a problem unless there are dpe
[2016-06-12 12:25:09] j8 : it is a problem, since withheld profit can't be used as margin
[2016-06-12 12:25:20] j8 : unlike on okc, where it does
[2016-06-12 12:27:05] BitMEX_Wally : j8: We unlock 50% of withheld profit every 8 hours, so half of it can be re-leveraged
[2016-06-12 12:27:06] j8 : it's happened to me before where i make a bunch of profit but run out of margin to safely hedge it
[2016-06-12 12:27:25] BitMEX_Wally : Correction, 50% of realised profit
[2016-06-12 12:27:34] j8 : BitMEX_Wally: yes, i still need to close some
[2016-06-12 12:29:09] j8 : holding hedged positions works a lot better on okc. the clawback is also pooled, so you're only clawed on net profits
[2016-06-12 12:30:44] j8 : or something like that. it's not entirely pooled
[2016-06-12 12:31:38] BitMEX_Wally : If you have realised profit and unrealised loss then after rebalance the 2 are netted together and then PDE is applied
[2016-06-12 12:31:40] futuretrader : i made profit why cant i see it in available funds i see it in wallet balance
[2016-06-12 12:32:16] BitMEX_Wally : futuretrader: Profit is withheld until rebalancing
[2016-06-12 12:33:28] BitMEX_Wally : https://www.bitmex.com/app/dynamicProfitEqualisation
[2016-06-12 12:33:49] ten : i see. it was storange.
[2016-06-12 12:34:33] BitMEX_Wally : futuretrader: Actually, we just had a rebalance, so your profit should be available
[2016-06-12 12:34:37] Mr Blue : nice I've refered 3 users, they must be hiding with massive profits from that pump lol
[2016-06-12 12:35:20] Mr Blue : wish I'd of been refered my self with the 10% fee discount.
[2016-06-12 12:36:08] BitMEX_Wally : futuretrader: The profit on your XBTUSD position is still allocated as margin to the position. Re-adjust the leverage to Cross and it will become available
[2016-06-12 12:36:44] Mr Blue : so who's here? barclay bob, ton van?
[2016-06-12 12:38:52] laisee : diamond geezer?
[2016-06-12 12:39:49] rullwull : Mr Blue: profit was great!
[2016-06-12 12:39:59] yerb : we demand that bitmex uses VC capital to cover losses, not our profits :D
[2016-06-12 12:40:44] Mr Blue : rullwull: +1 mate, I've made nice profits here in the past, but missed out last night lol
[2016-06-12 12:41:27] rullwull : did you recover your losses? btw correction time is coming soon
[2016-06-12 12:42:43] ayy_lmao : jsut woke up, were there any socialized losses?
[2016-06-12 12:42:52] Mr Blue : rullwull: no was 0.7 BTC loss, so I lost, I can try make my self feel better saying, I never lost anything because Bitcoin price increased, so was a fiat gain for me, but who cares about fiat lol
[2016-06-12 12:42:53] sam : 20%
[2016-06-12 12:42:58] ayy_lmao : ooo
[2016-06-12 12:43:36] BitMEX_Wally : https://www.bitmex.com/app/settlementHistory
[2016-06-12 12:43:40] ayy_lmao : thx
[2016-06-12 12:44:12] Mr Blue : rullwull: if I didn't withdraw 4 BTC two days before hand, it would of been a different story, I'd of took my loss on the short gone long and made over $10,000
[2016-06-12 12:44:20] ayy_lmao : well thats the price we pay for 50x i guess
[2016-06-12 12:44:39] asdfman : what is this new XBJ24H ?
[2016-06-12 12:44:40] Mr Blue : so as always, it doesn't pay to be poor lol
[2016-06-12 12:45:01] ayy_lmao : still prefer perpetual over 24hr contract
[2016-06-12 12:45:37] rullwull : Mr Blue: on high leverage platforms i prefer to withdraw my deposits asap and play with profit money
[2016-06-12 12:46:12] Mr Blue : rullwull: same here, but didn't work out in this case lol
[2016-06-12 12:48:45] rullwull : Mr Blue: ok, need to go, wish you a successful trading
[2016-06-12 12:49:18] Mr Blue : rullwull: okay mate, have a good day your self as well :-))
[2016-06-12 12:49:38] j8 : so, who wants to buy some XBTM16
[2016-06-12 12:50:05] justinlooking : size price?
[2016-06-12 12:50:47] j8 : the 25k asks are mine, price is negotiable
[2016-06-12 12:53:10] j8 : if you take the premium from the okc june 24 contract but use bitmex spot index, that would put the inverse contract around 662.5
[2016-06-12 13:00:48] justinlooking : 4425
[2016-06-12 13:00:52] REKT : Liquidated long on `ETHXBT`: Sell 14 @ 0.02217
[2016-06-12 13:01:19] REKT : Liquidated short on `XBTUSD`: Buy 1704410 @ 647.17 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:01:25] ayy_lmao : lol
[2016-06-12 13:01:31] ayy_lmao : god dammit
[2016-06-12 13:02:16] j8 : nah that's the same one
[2016-06-12 13:02:56] ayy_lmao : did it get filled
[2016-06-12 13:03:04] justinlooking : barely 100k
[2016-06-12 13:03:05] haxmb : nope still on the books
[2016-06-12 13:03:08] ayy_lmao : rekt
[2016-06-12 13:03:08] REKT : MOOON TIME!
[2016-06-12 13:03:10] haxmb : 1704410
[2016-06-12 13:03:18] justinlooking : piss off micmix!
[2016-06-12 13:03:23] REKT : Liquidated short on `XBTUSD`: Buy 1704410 @ 647.17 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:03:25] justinlooking : (jk ofc)
[2016-06-12 13:03:40] sleger : ok so during the same period they decided to : - kill the 10$ premium that longs had paid and wont have on exit - increase the fee long pays every 8hr - and all this while there is a 30%+ DPE ???
[2016-06-12 13:04:13] billz : yeah totally screwed us lol
[2016-06-12 13:04:36] sam : jump ship
[2016-06-12 13:04:45] billz : 39% dpe
[2016-06-12 13:05:11] rapidtrades : srsly who's buying
[2016-06-12 13:05:17] rapidtrades : how dumb do u have to be
[2016-06-12 13:06:27] billz : I just bought at 644 again lol selling soon though, made a nice profit already
[2016-06-12 13:06:32] sam : get out
[2016-06-12 13:06:39] sam : if you're long
[2016-06-12 13:06:40] BTCDJS : sam: why?
[2016-06-12 13:07:02] wurstgelee : lol wut?
[2016-06-12 13:07:17] rapidtrades : this site should introduce an IQ test
[2016-06-12 13:07:19] yerb : bitmex is gonna have to ship off that VC money to cover losses
[2016-06-12 13:07:29] yerb : *chip
[2016-06-12 13:07:32] wurstgelee : nope
[2016-06-12 13:07:39] haxmb : you'll lose about 50 - 70% of your profit
[2016-06-12 13:07:41] wurstgelee : those 40% are not gonna get paid by bitmex...
[2016-06-12 13:07:43] haxmb : because of the liquidation
[2016-06-12 13:07:56] ayy_lmao : 40% dpe wut
[2016-06-12 13:08:07] wurstgelee : june contracts <3
[2016-06-12 13:08:10] wurstgelee : 0.0%
[2016-06-12 13:08:12] wurstgelee : :D
[2016-06-12 13:08:21] rapidtrades : wurstgelee: wait fir it.....
[2016-06-12 13:08:36] wurstgelee : doesnt matter
[2016-06-12 13:08:43] wurstgelee : it rebalances every friday
[2016-06-12 13:08:50] wurstgelee : so those profits are locked
[2016-06-12 13:08:58] wurstgelee : i have junes open for months...
[2016-06-12 13:09:00] wurstgelee : ;)
[2016-06-12 13:09:02] j8 : team effort, lets make sure there's 0% on june. i'm pretty committed
[2016-06-12 13:09:10] wurstgelee : hehe
[2016-06-12 13:09:32] laisee : yeah, there is no DPE in team
[2016-06-12 13:10:09] billz : perpetual is trading way too low after this change
[2016-06-12 13:10:13] wurstgelee : obv those who are here longer tend to chill in long term contracts ;)
[2016-06-12 13:10:23] BTCDJS : rapidtrades: what is happening mate?
[2016-06-12 13:11:00] BitMEX_Wally : I'm surprised none of you guys have noticed the new 100x product that quietly listed an hour ago
[2016-06-12 13:11:11] BTCDJS : BitMEX_Wally: i did
[2016-06-12 13:11:16] BitMEX_Wally : :)
[2016-06-12 13:11:20] justinlooking : oh!
[2016-06-12 13:11:25] rapidtrades : i haven't refreshed
[2016-06-12 13:11:31] BitMEX_Wally : `XBJ24H` 100x, daily expiry, BItcoin vs Japanese Yen
[2016-06-12 13:11:49] rapidtrades : cool
[2016-06-12 13:11:51] BitMEX_Wally : quanto too
[2016-06-12 13:12:06] luckynuke : where are the bulls on bitmex lool
[2016-06-12 13:12:12] sleger : nobody wants to trade on here anymore
[2016-06-12 13:12:24] sleger : this ripoff will destroy the reputation
[2016-06-12 13:12:29] sleger : completely unprofessional, if not more
[2016-06-12 13:12:41] sam : rates are insane
[2016-06-12 13:12:42] luckynuke : bitcoinmarket is pushing the price and bitmex is sho
[2016-06-12 13:13:01] Mr Blue : BitMEX_Wally: just noticed it, looks like a great one to short
[2016-06-12 13:13:22] yerb : bitmex wtf are you doing
[2016-06-12 13:13:50] rapidtrades : yerb: what are u doing?
[2016-06-12 13:14:06] rapidtrades : don't u see that idiots keep buying?
[2016-06-12 13:14:32] rapidtrades : nothing can be done at this point
[2016-06-12 13:14:41] yerb : we need some new rules for liquidating big positions early
[2016-06-12 13:14:54] Mr Blue : if you think the japanese yen is going up against the Bitcoin,,, you must must be mad! lol
[2016-06-12 13:14:55] rapidtrades : those rules? dump on market like i said months ago
[2016-06-12 13:15:05] rapidtrades : limits work until they don't
[2016-06-12 13:15:13] ayy_lmao : how is mark price at 658
[2016-06-12 13:15:25] rapidtrades : who knows
[2016-06-12 13:15:35] krach : mark price is the purple line on the chart
[2016-06-12 13:15:49] justinlooking : ayy_lmao: just trying to figure that out too
[2016-06-12 13:15:51] yerb : you mean blue
[2016-06-12 13:15:51] krach : Anway, how high will the socialised losses be
[2016-06-12 13:16:20] rapidtrades : krach: depends how high the idiots bid up prices, could be anything really
[2016-06-12 13:16:31] j8 : mark price is spot + fundingRate*(time until funding)
[2016-06-12 13:16:43] ayy_lmao : lets hope we get a flash crash on the way up to fill those orders
[2016-06-12 13:16:51] j8 : funding rate is high and it's still early in the 8 hour session
[2016-06-12 13:17:07] rapidtrades : j8: mark will drop toward swap right?
[2016-06-12 13:17:13] krach : If I understand right, socialised losses are over 1/3 now
[2016-06-12 13:17:15] rapidtrades : spot
[2016-06-12 13:17:31] rapidtrades : krach: it says 40% right there
[2016-06-12 13:17:32] j8 : at the next funding time it will be equal to spot
[2016-06-12 13:17:40] rapidtrades : kewl
[2016-06-12 13:17:43] j8 : then it will jump up again, depending on the new funding rate
[2016-06-12 13:17:44] ayy_lmao : we have to pay for someones sins
[2016-06-12 13:17:59] rapidtrades : i blame ggwp
[2016-06-12 13:18:19] sq : hahahaha
[2016-06-12 13:18:20] krach : oh shit I am too slow
[2016-06-12 13:18:22] j8 : we could actually get back to reasonable rates if this discount continues
[2016-06-12 13:18:23] krach : 40%
[2016-06-12 13:18:34] rapidtrades : semi-conductor prolly played a part too
[2016-06-12 13:18:50] rapidtrades : he dropped from leaderboard after this rally
[2016-06-12 13:18:56] BTCDJS : rapidtrades: for learning purposes could you please help me understand whats going on here?
[2016-06-12 13:18:59] sq : what a day
[2016-06-12 13:19:09] rapidtrades : BTCDJS: in what way
[2016-06-12 13:19:49] rapidtrades : cos there's a lot going on right now...
[2016-06-12 13:20:06] BTCDJS : rapidtrades: why is the mark price higher than the last traded price? why is it better to close longs?
[2016-06-12 13:21:23] krach : When do people pay for the socialised losses? Every 8 hours?
[2016-06-12 13:21:58] rapidtrades : there is 35% DPE right now, if u make money u will lose 35% of it....and the only way this will come down is if prices drop to fill that liq
[2016-06-12 13:22:08] BitMEX_Wally : krach: At rebalance so every 24 hours for XBTUSD
[2016-06-12 13:22:13] rapidtrades : so longs are kinda f*cked right now
[2016-06-12 13:22:28] rapidtrades : if we go up, DPE will increase more
[2016-06-12 13:22:37] BitMEX_Wally : The price only has to drop 1% for there to be no DPE
[2016-06-12 13:22:40] rapidtrades : if we go down, they lose money
[2016-06-12 13:23:17] BTCDJS : rapidtrades: ah thanks. ok. Ill just wait to short then
[2016-06-12 13:23:26] yerb : BitMEX_Wally: thats 64$ drop, who the f*** is that gonna happen
[2016-06-12 13:23:28] aethlios : BitMEX_Wally: if swap has a discount then the bitfinex rate will count as funding? true?
[2016-06-12 13:23:34] j8 : rapidtrades: it also comes down a bit over the course of the day as the profit base increases
[2016-06-12 13:23:38] rapidtrades : i wouldn't do anything here until that DPE is gone
[2016-06-12 13:23:54] rapidtrades : but im very risk averse so, do what u want :)
[2016-06-12 13:24:01] BitMEX_Sam : yerb: That's $6, not $64 (?)
[2016-06-12 13:24:23] yerb : oh, sorry
[2016-06-12 13:24:43] BTCDJS : ok. Ill follow your advice. Im not taking risks the way I used to.
[2016-06-12 13:25:00] sleger : BitMEX_Sam: Change to the swap cost me ~10k$ by manipulating the premium from +10$ to -2$ now. How are you going to make this right ?
[2016-06-12 13:25:18] rapidtrades : that's tough mate...
[2016-06-12 13:25:18] BitMEX_Sam : sleger: You've already spoken with other members of the team.
[2016-06-12 13:25:30] sleger : but they havent answered
[2016-06-12 13:27:01] BitMEX_Wally : aethlios: If `.XBTUSDPI8H` is negative (unlikely) we will take that value unless the Bitfinex rate is more negative
[2016-06-12 13:27:14] stf28 : wow sorry for you sleger
[2016-06-12 13:27:19] BitMEX_Wally : If `.XBTUSDPI8H` is positive and the Bitfinex rate is positive we take the greater of the two
[2016-06-12 13:27:22] BitMEX_Arthur : sleger: send me an email arthur@bitmex.com we aren't reverting any of the changes that were made today, but if you want further clarification as to why the changes were made I am happy to assist
[2016-06-12 13:27:32] stf28 : fees/rebalance/funding is raping us hard here
[2016-06-12 13:27:49] BitMEX_Arthur : stf28: You can go short and earn the funding
[2016-06-12 13:27:59] BitMEX_Sam : Remember that funding is not a BitMEX fee, it goes directly from longs to shorts (or shorts to long if interest rates are negative)
[2016-06-12 13:28:17] sleger : BitMEX_Arthur: i dont want clarification, i understand the changes, but it just cant be done the way it was.
[2016-06-12 13:28:19] stf28 : yeah thanks for the advice, i'll keep from shorting right now ^^
[2016-06-12 13:29:52] rapidtrades : pump should end soon right? we all need a break
[2016-06-12 13:30:04] rapidtrades : its been 16 hrs almost vertical up
[2016-06-12 13:30:11] stf28 : i'm just pissed off cause with all these fees I lost like 1btc of past profits. OK it's not all the fees fault but looking at my rade history it's hurting
[2016-06-12 13:30:13] rapidtrades : 14 hrs
[2016-06-12 13:30:44] BTCDJS : rapidtrades: yeah I think so mate. I thought we could maybe push to 690 but I don't think it will now
[2016-06-12 13:30:54] ayy_lmao : http://i.imgur.com/i0qXpeU.gif
[2016-06-12 13:31:01] rapidtrades : we could still spike higher @BTCDJS
[2016-06-12 13:31:39] BTCDJS : rapidtrades: an engulfing candle then a crash probably last thrust.
[2016-06-12 13:32:01] j8 : BTCDJS: like two days ago you asked if i thought 650 was likely within a few days.. well here we are
[2016-06-12 13:32:48] j8 : i said no, not likely. of course
[2016-06-12 13:33:03] BTCDJS : j8: yup I remember
[2016-06-12 13:33:10] ayy_lmao : lets fill this guys
[2016-06-12 13:34:11] BTCDJS : I have no position but I don't want to miss the turn around. As long as that DPE lark sorts itself out
[2016-06-12 13:34:47] REKT : Liquidated short on `XBTUSD`: Buy 773497 @ 646.23 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:34:48] ayy_lmao : lol
[2016-06-12 13:34:53] ayy_lmao : wut
[2016-06-12 13:34:57] REKT : Liquidated short on `XBTUSD`: Buy 770042 @ 646.42 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:02] justinlooking : wtf
[2016-06-12 13:35:07] REKT : Liquidated short on `XBTUSD`: Buy 767842 @ 646.05 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:17] REKT : Liquidated short on `XBTUSD`: Buy 767842 @ 646.63 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:23] REKT : Liquidated short on `XBTUSD`: Buy 679805 @ 647.79 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:32] REKT : Liquidated short on `XBTUSD`: Buy 653503 @ 647.89 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:44] rapidtrades : bot's f*cked
[2016-06-12 13:35:44] billz : how lol
[2016-06-12 13:36:01] sq : wtf..
[2016-06-12 13:36:38] BTCDJS : DPE sorted