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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[2016-06-14 14:08:46] Bacon futures trader : No, I got long here
[2016-06-14 14:09:44] markimarki : hey guys do you have any problem with the charts?
[2016-06-14 14:10:12] justinlooking : 99 problems
[2016-06-14 14:11:11] elmorte : markimarki: they're buggy, but they're embedded so only so much BitMEX can do
[2016-06-14 14:11:41] Mr Blue : http://bitcoincharts.com/markets/currency/USD.html is back working guys
[2016-06-14 14:11:58] markimarki : ok i see thanks guys ethxbt chart just got fixed
[2016-06-14 14:12:32] BitMEX_Sam : Yeah charts are always full of issues & closed source from TradingView, so there's only so much we can do
[2016-06-14 14:12:43] BitMEX_Sam : In general right-clicking and hitting 'reset chart' helps
[2016-06-14 14:12:56] elmorte : whoa...it does too!
[2016-06-14 14:13:35] BTCDJS : log out. log back in?
[2016-06-14 14:13:59] elmorte : I love it when the Y axis starts from 0.....or when the wrong chart is displayed
[2016-06-14 14:14:11] BitMEX_Sam : The fun never ends
[2016-06-14 14:14:26] elmorte : BitMEX_Sam: Weren't you briefly considering coding your own?
[2016-06-14 14:14:42] BitMEX_Sam : Yeah, but it's a ton of effort to get it right and get it anywhere near feature parity
[2016-06-14 14:14:52] BitMEX_Sam : We have more pressing priorities
[2016-06-14 14:14:55] elmorte : Yeah, that would've been a silly waste of time
[2016-06-14 14:15:06] elmorte : Just wanted to make sure you weren't like 78% done before I said that
[2016-06-14 14:16:34] BitMEX_Sam : :)
[2016-06-14 14:33:09] BitMEX_Sam : New feature on a refresh - hover the contract details in the sidebar and you'll see a predicted funding rate for the next period
[2016-06-14 14:33:53] tscha : BitMEX_Sam: good change
[2016-06-14 14:34:07] tscha : feature*
[2016-06-14 14:34:15] BitMEX_Sam : :+1: :rocket:
[2016-06-14 14:35:37] aethlios : BitMEX_Sam: Hi Sam, this predicted funding is the bitfinex rate? because premium is negative. So if negative premium then the bitfinex rate will apply??
[2016-06-14 14:36:16] BitMEX_Sam : Hang on, let me ping Wally on this because I believe the negative premium should create a negative rate, but it also depends on the BFX rates as well
[2016-06-14 14:36:37] elmorte : Negative means shorts pay
[2016-06-14 14:37:24] aethlios : BitMEX_Sam: the guide says the higher rate will apply, so in a negative premium, the bitfinex rate is always higher. So there is a floor.
[2016-06-14 14:37:48] elmorte : Probably in absolute terms
[2016-06-14 14:38:03] j8 : time to change the rules again
[2016-06-14 14:39:26] elmorte : aethlios: where is that guide?
[2016-06-14 14:39:28] Mr Blue : good time to buy with disount from spot
[2016-06-14 14:39:39] aethlios : my calculation until now shows expected premium -0.1422%
[2016-06-14 14:39:50] j8 : Because the premium index is greater than the funding rate, the funding rate will be increased to 0.5%. If the premium index was lower than 0.1%, then the funding rate would remain at 0.1%.
[2016-06-14 14:40:04] j8 : https://www.bitmex.com/app/swapsGuide
[2016-06-14 14:40:09] aethlios : https://www.bitmex.com/app/swapsGuide#premium-index
[2016-06-14 14:40:14] elmorte : cheers
[2016-06-14 14:41:32] aethlios : Example XBTUSD charges a funding rate every 8 hours. At 04:00 UTC the funding rate to be charged at 12:00 UTC is 0.1%. This funding rate is based on the difference between the Bitfinex USD and XBT lenging rates from 20:00 UTC and 04:00 UTC. Between 20:00 UTC and 04:00 UTC the one minute time weighted average premium index was 0.5%. Because the premium index is greater than the funding rate, the funding rate will be increased to 0.5%. If the premium index was lower than 0.1%, then the funding rate would remain at 0.1%.
[2016-06-14 14:41:35] futuretrader : i forgot to confirm my withdrawal do i have to wait another day
[2016-06-14 14:43:04] rentchev : I made more from funding than actual profit from my short
[2016-06-14 14:43:10] rentchev : held for two 8 hr cycles
[2016-06-14 14:43:37] Mr Blue : futuretrader: ye mate
[2016-06-14 14:43:46] huangyong : BitMEX_Sam: New feature on a refresh - hover the contract details in the sidebar and you'll see a predicted funding rate for the next period
[2016-06-14 14:44:05] huangyong : BitMEX_Sam: 在哪个位置，还是找不到啊
[2016-06-14 14:44:20] futuretrader : bitmex should do atleast 4 withdrawals a day
[2016-06-14 14:44:36] REKT : Liquidated long on `LTCXBT`: Sell 200 @ 0.00753
[2016-06-14 14:45:07] rentchev : futuretrader: each withdrawal have to be signed by two principals
[2016-06-14 14:45:11] rentchev : I like it
[2016-06-14 14:46:11] elmorte : I wish I had something to withdraw...:(
[2016-06-14 14:46:24] rentchev : lol
[2016-06-14 14:46:35] elmorte : futuretrader: should count yourself lucky!
[2016-06-14 14:46:42] rentchev : agreed
[2016-06-14 14:46:55] rentchev : maybe he is pulling out what's left
[2016-06-14 14:46:59] rentchev : :-)
[2016-06-14 14:47:17] elmorte : Perhaps, but he wouldn't pull out 4 times a day :(
[2016-06-14 14:47:23] elmorte : I mean :)
[2016-06-14 14:47:30] rentchev : ha ha
[2016-06-14 14:47:32] rentchev : true
[2016-06-14 14:48:14] rentchev : futuretrader: why do you need to move profits that often?
[2016-06-14 14:48:16] BitMEX_Sam : aethlios: The reason indicative funding is positive is due to the 0.375% delta cap
[2016-06-14 14:48:24] rentchev : are you doing some kind of arbitrage?
[2016-06-14 14:48:46] sq : BitMEX_Sam: in 2 rounds, the funding will become negative then? tks
[2016-06-14 14:48:55] BitMEX_Sam : If premium remains negative, yes
[2016-06-14 14:49:01] sq : cool
[2016-06-14 14:49:03] elmorte : Yah, otherwise the rate would be negative. I think they're talking about something else which is over my head
[2016-06-14 14:49:13] huangyong : futuretrader: 一次太少了，我觉得也需要4次提现
[2016-06-14 14:50:18] aethlios : BitMEX_Sam: ok where can I learn more for that? what is the 0.375% delta cap.
[2016-06-14 14:50:58] rentchev : aethlios: that's the amount with which the funding rate chnages
[2016-06-14 14:51:07] REKT : Liquidated long on `XBTUSD`: Sell 57 @ 683.96
[2016-06-14 14:51:07] BitMEX_Sam : aethlios: It is 75% of MM
[2016-06-14 14:51:29] j8 : BitMEX_Sam: can you or wally clarify the rule then. if the funding rate is less than bfx then bfx is used, but if it's low enough the premium index is used again?
[2016-06-14 14:51:32] REKT : Liquidated long on `XBTUSD`: Sell 32208 @ 683.21 **MEGA-REKT** :boom:
[2016-06-14 14:52:02] BitMEX_Sam : j8: Yes we're going to clarify in the docs. If premium is negative and BFX is positive, the premium is used
[2016-06-14 14:52:05] chromaticcr1 : MOARRRR
[2016-06-14 14:52:21] BitMEX_Sam : Say, premium is -0.05%, BFX is 0.10%, -0.05% is used
[2016-06-14 14:52:27] REKT : Liquidated long on `XBTUSD`: Sell 50000 @ 682.83 **EPIC REKT** :unamused: :confounded: :astonished:
[2016-06-14 14:52:29] BitMEX_Sam : subject to per-session delta cap of 0.375%
[2016-06-14 14:52:39] BitMEX_Sam : If premium is 0.05%, BFX is 0.10%, BFX is used
[2016-06-14 14:53:51] jung1 : lisk on the rise
[2016-06-14 14:53:56] REKT : Liquidated long on `XBTUSD`: Sell 7 @ 681.59
[2016-06-14 14:55:32] jung1 : Son ask his dad who trade bitcoin: -Can you borrow me $10? -$8? What you need $12 for?
[2016-06-14 14:56:57] BTCDJS : jung1: you already told that joke. And so did I to people who don't know bitcoin and It failed miserably lol
[2016-06-14 14:57:09] j8 : i don't get why you wouldn't just use the premium index all the time.
[2016-06-14 14:58:33] jung1 : yeah I hope that on trollbox most people know bitcoin
[2016-06-14 14:59:25] BTCDJS : jung1: yeah but I found funny but had nobody else to tell it to
[2016-06-14 14:59:41] jung1 : go on polo trollbox
[2016-06-14 14:59:48] BTCDJS : it was an act of desperation
[2016-06-14 14:59:54] jung1 : you have my permission
[2016-06-14 15:00:11] jung1 : :)
[2016-06-14 15:00:29] BTCDJS : you've probably already told it there twice lol
[2016-06-14 15:01:55] jung1 : cant tell you
[2016-06-14 15:10:05] rapidtrades : why are we falling
[2016-06-14 15:10:07] REKT : Liquidated long on `XBTUSD`: Sell 551 @ 680.80
[2016-06-14 15:10:48] zanza : 500's inc ?
[2016-06-14 15:10:56] NukeLaloosh : massive premium on ETH
[2016-06-14 15:10:57] BTCDJS : rapidtrades: because its time to clear the air and start again
[2016-06-14 15:11:04] rapidtrades : zanza: u keep ur whore mouth shut
[2016-06-14 15:11:11] BTCDJS : zanza: 580
[2016-06-14 15:11:11] zanza : u just went 100x long? :0
[2016-06-14 15:11:13] BTCDJS : lol
[2016-06-14 15:11:17] REKT : Liquidated long on `XBTUSD`: Sell 4375 @ 680.59
[2016-06-14 15:13:17] REKT : Liquidated long on `XBTUSD`: Sell 12500 @ 678.72
[2016-06-14 15:13:17] REKT : Liquidated long on `XBTUSD`: Sell 2500 @ 679.28
[2016-06-14 15:14:13] zanza : btce just dumped hard
[2016-06-14 15:14:29] GingerDan : This looks like a top to me
[2016-06-14 15:14:55] rapidtrades : f*ck
[2016-06-14 15:15:07] zanza : close out now RT
[2016-06-14 15:15:48] BTCDJS : close rapid close
[2016-06-14 15:15:48] rapidtrades : retweet?
[2016-06-14 15:15:58] zanza : rapidtrades
[2016-06-14 15:16:03] zanza : wow this negative premium
[2016-06-14 15:16:07] rapidtrades : tis but a flesh wound
[2016-06-14 15:16:26] BTCDJS : rapidtrades: its about to get ugly
[2016-06-14 15:16:31] zanza : open interest under 4 million
[2016-06-14 15:16:41] rapidtrades : BTCDJS: LALALALALLA
[2016-06-14 15:18:09] BTCDJS : definite breach in security this mate
[2016-06-14 15:18:58] sizzurp : why can i not withdraw with cashrebalances pending??
[2016-06-14 15:19:20] rapidtrades : sizzurp: doesn't matter
[2016-06-14 15:19:36] BTCDJS : sizzurp: 13:00 etc every day. Submit now and you'll get it tomorrow
[2016-06-14 15:19:42] BTCDJS : UTC
[2016-06-14 15:19:55] rapidtrades : also profits will be held until then as well
[2016-06-14 15:20:17] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 677.99
[2016-06-14 15:20:21] REKT : Liquidated long on `XBTM16`: Sell 3331 @ 692.39
[2016-06-14 15:20:21] REKT : Next stop - goblin town!
[2016-06-14 15:20:33] REKT : Liquidated long on `XBTU16`: Sell 5095 @ 843.70
[2016-06-14 15:20:33] REKT : Liquidated long on `XBTUSD`: Sell 18000 @ 675.78
[2016-06-14 15:20:35] BitMEX_Sam : A "pending" cash rebalance is essentially the next one
[2016-06-14 15:20:37] REKT : Liquidated long on `XBTUSD`: Sell 10171 @ 675.59
[2016-06-14 15:20:38] REKT : Liquidated long on `XBTUSD`: Sell 1275 @ 675.07
[2016-06-14 15:20:38] REKT : Liquidated long on `XBTUSD`: Sell 2500 @ 675.35
[2016-06-14 15:20:38] REKT : Liquidated long on `XBTUSD`: Sell 879 @ 675.49
[2016-06-14 15:20:39] BitMEX_Sam : it is a way to measure your pending profit/loss
[2016-06-14 15:21:21] rapidtrades : they used to release 50% of them per 8 hrs but doubt they do that with current vol
[2016-06-14 15:21:43] rapidtrades : i hate every bitcoin exchange ever
[2016-06-14 15:21:58] rapidtrades : laggu POS, each and every one
[2016-06-14 15:22:07] rentchev : rapidtrades: you need some meditation
[2016-06-14 15:22:25] rapidtrades : rentchev: like what? can u recommend smth
[2016-06-14 15:22:43] rentchev : sure
[2016-06-14 15:23:11] BTCDJS : Finex is painting the streets red
[2016-06-14 15:23:35] rentchev : rapidtrades: https://www.tm.org/
[2016-06-14 15:23:52] rentchev : this should get you started
[2016-06-14 15:24:39] rapidtrades : sry i don't click on .org websites out of principle
[2016-06-14 15:25:24] Mr Blue : bitcoin.org
[2016-06-14 15:25:51] rentchev : ttyl guys
[2016-06-14 15:26:03] rapidtrades : u won't be missed
[2016-06-14 15:26:24] GingerDan : rapidtrades: you long or short?
[2016-06-14 15:26:44] rapidtrades : net long overall
[2016-06-14 15:26:55] GingerDan : k. I need to short...
[2016-06-14 15:26:59] boxagox : hi guys, I wonder why there are no take profit order type in bitmex... take-profit/limit or take-profit/market
[2016-06-14 15:27:10] rapidtrades : limits are take profits
[2016-06-14 15:27:18] elmorte : boxagox: probably just called differently
[2016-06-14 15:27:27] GingerDan : yeh, use limits and stops
[2016-06-14 15:27:48] rapidtrades : if u place them in the right direction and same size of course :)
[2016-06-14 15:28:07] boxagox : I mean take-profit as the opposite of stop-loss ...
[2016-06-14 15:28:22] kogroken : I guess technically bitmex doesn't differentiate between opening a short or closing a long. While a take profit order would just close the long (and not open shorts if there is not enough longs to close)
[2016-06-14 15:28:28] rapidtrades : what i said right above u @boxagox
[2016-06-14 15:29:02] rapidtrades : use limit and same size as ur current position u want to close
[2016-06-14 15:29:55] boxagox : @rapidtrades okay thanks
[2016-06-14 15:31:04] arbitrage001 : what's up with the huge spread
[2016-06-14 15:31:18] rapidtrades : its cool
[2016-06-14 15:31:22] arbitrage001 : the swap is finally not tradable?
[2016-06-14 15:31:39] rapidtrades : spreads are always big here when things move
[2016-06-14 15:31:51] arbitrage001 : i dont see anything moving
[2016-06-14 15:31:57] luckynuke : next support 678 and 658
[2016-06-14 15:31:58] rapidtrades : lol
[2016-06-14 15:32:04] rapidtrades : at @arbitrage001
[2016-06-14 15:32:38] BitMEX_Sam : BFX appears down
[2016-06-14 15:32:48] rapidtrades : nope
[2016-06-14 15:32:49] arbitrage001 : BitMEX_Sam: yes
[2016-06-14 15:32:58] rapidtrades : prolly api only
[2016-06-14 15:33:00] arbitrage001 : they finally decided to take over money and run
[2016-06-14 15:33:05] arbitrage001 : our money
[2016-06-14 15:33:11] BitMEX_Sam : Site's not loading here either
[2016-06-14 15:33:12] rapidtrades : bitfinex?
[2016-06-14 15:33:14] arbitrage001 : still have 0.07 on it
[2016-06-14 15:33:21] BitMEX_Sam : We have had a DDoS going around, could be that or just too much general load
[2016-06-14 15:33:36] BitMEX_Sam : Could do a blog post on it if anyone's interested in details
[2016-06-14 15:34:00] rapidtrades : talking about finex? its up for me but too afraid to reload
[2016-06-14 15:34:06] rapidtrades : okc was down earlier for a bit
[2016-06-14 15:34:10] j8 : i have 502's from bfx also
[2016-06-14 15:34:16] arbitrage001 : i just login bitfinex
[2016-06-14 15:34:23] j8 : but ws still coming through
[2016-06-14 15:34:25] rapidtrades : up for me
[2016-06-14 15:34:30] arbitrage001 : my location is kl, malaysia
[2016-06-14 15:34:40] cengel : @bitmex_sam that would be interesting to read, yes.
[2016-06-14 15:34:47] justinlooking : +1
[2016-06-14 15:35:01] arbitrage001 : bft last price 676.08
[2016-06-14 15:35:05] rapidtrades : no problems, just reloaded
[2016-06-14 15:35:25] arbitrage001 : 1% + premium
[2016-06-14 15:35:46] rapidtrades : cengel: <<<<<isn't this the guy that wanted chat disabled cos he was too weak willed to not open it
[2016-06-14 15:36:21] cengel : It wasn't about will but preference to open and close as I choose. I chose to reopen.
[2016-06-14 15:36:55] BTCDJS : rapidtrades: yup thats the guy
[2016-06-14 15:36:58] justinlooking : ignore him cengel, trolls gunna troll
[2016-06-14 15:37:18] rapidtrades : BTCDJS: i knew that was the guy
[2016-06-14 15:37:35] cengel : There was a time, long long ago, that this Trollbox didn't suck.
[2016-06-14 15:37:37] cengel : Hard to believe, but it's true.
[2016-06-14 15:37:46] j8 : anyone else miss having sleger around? it just doesn't feel the same
[2016-06-14 15:37:53] rapidtrades : ok grandpa @cengel
[2016-06-14 15:37:53] elmorte : BitMEX_Sam: yes plz
[2016-06-14 15:37:57] arbitrage001 : j8: of course
[2016-06-14 15:38:01] BTCDJS : rapidtrades: me too. but I'm trolling ?
[2016-06-14 15:38:09] arbitrage001 : we all know slegar is legendary trader
[2016-06-14 15:38:13] rapidtrades : j8: yeah me too but nothing can be done i guess
[2016-06-14 15:38:15] arbitrage001 : way above my league for sure
[2016-06-14 15:38:24] j8 : that guy pissed me off for quite a while then he grew on me
[2016-06-14 15:38:30] 1QaZxSw2 : they see me trolling, they hating
[2016-06-14 15:38:31] elmorte : arbitrage001: orders of magnitude for me
[2016-06-14 15:38:47] arbitrage001 : j8: we all respected knowlegable people
[2016-06-14 15:38:53] arbitrage001 : even if they are ass
[2016-06-14 15:38:58] j8 : yup
[2016-06-14 15:40:25] BTCDJS : Yeah he was a great teacher. He just showed people their stupidity and it made them question it. If they didn't have a big ego
[2016-06-14 15:41:17] elmorte : I loved that story about wrecking a Maserati...made me feel feels
[2016-06-14 15:46:52] zanza : should we start a GoFundMe to get Sleger back here?
[2016-06-14 15:47:09] rapidtrades : as in pay his 10k? lol
[2016-06-14 15:47:11] BTCDJS : get him his 10k back?
[2016-06-14 15:47:14] j8 : it's not about the money
[2016-06-14 15:47:40] rapidtrades : yeah i think he didn't like how they changed the rules
[2016-06-14 15:48:40] BTCDJS : he will probably get over it tho and come back
[2016-06-14 15:49:23] j8 : he takes this stuff pretty seriously, there have a been a bunch of times where he wasn't happy with the way things were being operated... this was the last straw. that's my take on it anyway
[2016-06-14 15:53:16] BTCDJS : shame. Who is going to point out when I say stupid things or have the wrong ideas? I give you all permission to fill that roll.
[2016-06-14 15:53:36] BTCDJS : role
[2016-06-14 15:53:41] elmorte : BTCDJS: shut up, you're awesome
[2016-06-14 15:53:57] BTCDJS : elmorte: I'm learning still
[2016-06-14 15:54:17] BTCDJS : need someone like slugger to rip my ego apart. its good
[2016-06-14 15:54:24] BTCDJS : sleger
[2016-06-14 15:54:38] elmorte : shouldn't carry an ego then :p
[2016-06-14 15:54:48] elmorte : check it at the door
[2016-06-14 15:54:51] zanza : whats better than here tho?
[2016-06-14 15:54:54] zanza : no one else offers 100x
[2016-06-14 15:55:04] zanza : okc has clawbacks
[2016-06-14 15:55:09] elmorte : zanza: I was gonna say...if he has it better somewhere else, then good for hm
[2016-06-14 15:55:36] BTCDJS : he may be back for that reason alone
[2016-06-14 15:55:39] j8 : BTCDJS: i can start being mean to you if you want
[2016-06-14 15:57:39] BTCDJS : j8: wasn't just mean. It was... instructive? I can't think of the right word. Like something a guru does to point the way
[2016-06-14 15:57:39] j8 : zanza: he traded with low leverage anyway, definitely less than 10x, and okc clawback risk is definitely less than this swap
[2016-06-14 15:57:53] zanza : smart traders use low leverage :)
[2016-06-14 15:58:00] zanza : i learned bad lessons lol
[2016-06-14 15:58:32] j8 : yeah, gotta find the sweet spot where your returns are amplified but your positions are safe
[2016-06-14 15:58:41] elmorte : expensive ones, too
[2016-06-14 15:59:09] zanza : i had a 90k conract liq here before
[2016-06-14 16:00:11] zanza : lot of bitcoin "traders" are basically just dice/gamblers
[2016-06-14 16:00:17] elmorte : I lost 4 BTC I think...it was on Eth though so can't really compare the contract sizes....
[2016-06-14 16:00:19] BTCDJS : zanza: but with bigger margin your loss will be bigger no? Cut losses run winners and all that?
[2016-06-14 16:00:44] zanza : maybe
[2016-06-14 16:00:47] elmorte : BTCDJS: wouldn't be a loss if we had margin to cover the temporary fluctuation
[2016-06-14 16:00:55] elmorte : in my case anyway...
[2016-06-14 16:01:24] BTCDJS : elmorte: how do you know its temporary? it could just go down and down and down until its gone
[2016-06-14 16:01:31] rentchev : it's more of orders size for me
[2016-06-14 16:01:38] j8 : you can still use stop orders
[2016-06-14 16:01:45] rentchev : exactly
[2016-06-14 16:01:50] elmorte : Because it came back up after I got liq'd
[2016-06-14 16:01:56] elmorte : It was a bit of a flash crash
[2016-06-14 16:01:56] rentchev : I don't set my leverage
[2016-06-14 16:01:58] arbitrage001 : why o why is btc going down
[2016-06-14 16:02:08] arbitrage001 : why did it went up
[2016-06-14 16:02:12] arbitrage001 : and now down
[2016-06-14 16:02:12] elmorte : arbitrage001: short BitX or do nothing?
[2016-06-14 16:02:14] rentchev : I use less than 5% of my account on any trade
[2016-06-14 16:02:17] rentchev : and use stops
[2016-06-14 16:02:25] rentchev : then I don't care what the leverage is at all
[2016-06-14 16:02:38] elmorte : rentchev: I think I'm on 2%...
[2016-06-14 16:02:38] arbitrage001 : elmorte: you have extra btc on hand?
[2016-06-14 16:02:46] elmorte : 16ish...
[2016-06-14 16:02:53] arbitrage001 : elmorte: coinbox has like rm150 premium two hours ago
[2016-06-14 16:02:57] arbitrage001 : probably more now
[2016-06-14 16:03:03] elmorte : fck that place man
[2016-06-14 16:03:24] elmorte : seriously..1.3% on withdrawals without notice
[2016-06-14 16:03:42] arbitrage001 : elmorte: rm 200 premium now
[2016-06-14 16:03:46] arbitrage001 : 1% withdraw
[2016-06-14 16:03:48] elmorte : hmm....
[2016-06-14 16:04:00] arbitrage001 : elmorte: still make 170 per btc
[2016-06-14 16:04:04] arbitrage001 : after fee
[2016-06-14 16:04:13] elmorte : arbitrage001: 1% or more if your volume exceeds a certain threshold, no?
[2016-06-14 16:04:21] arbitrage001 : no
[2016-06-14 16:04:42] 1QaZxSw2 : gdax is pure spot, right?
[2016-06-14 16:04:56] elmorte : 2955 coinbox, 2933 bitx
[2016-06-14 16:05:03] 1QaZxSw2 : they call it gaydax for a reason
[2016-06-14 16:05:18] elmorte : 1QaZxSw2: Coz of the Vinklevoss twins?
[2016-06-14 16:05:18] arbitrage001 : about same then
[2016-06-14 16:05:21] arbitrage001 : bitx 1% fee
[2016-06-14 16:05:25] elmorte : yah...
[2016-06-14 16:05:31] 1QaZxSw2 : gdax is coinbase
[2016-06-14 16:05:32] arbitrage001 : normally i would filled
[2016-06-14 16:05:34] elmorte : I got some promo, down to 0.5% for june
[2016-06-14 16:05:41] arbitrage001 : but the funding rate too attrative here
[2016-06-14 16:05:51] arbitrage001 : attractive
[2016-06-14 16:05:58] elmorte : That's what I was mentioning to you the other day
[2016-06-14 16:06:04] arbitrage001 : and i am stucked with a lot of ringgit in my bank
[2016-06-14 16:06:19] elmorte : Hey, how's your LBTC doing?
[2016-06-14 16:06:19] arbitrage001 : and rm keeps dropping
[2016-06-14 16:06:28] arbitrage001 : lbtc?
[2016-06-14 16:06:40] elmorte : That's how I got into BTC....when we started going from 3.3 towards 4 with the USD
[2016-06-14 16:06:52] elmorte : localbitcoins....that's you, no? Same username
[2016-06-14 16:06:57] arbitrage001 : yes
[2016-06-14 16:07:00] arbitrage001 : not selling
[2016-06-14 16:07:06] elmorte : 1000+ trades & stuff...
[2016-06-14 16:07:08] arbitrage001 : only buying, need to get RM out
[2016-06-14 16:07:12] elmorte : that's a lotta time
[2016-06-14 16:07:21] arbitrage001 : lol, not good lol
[2016-06-14 16:07:27] arbitrage001 : when you have high volume
[2016-06-14 16:07:35] arbitrage001 : authority pokes at you
[2016-06-14 16:07:41] elmorte : oh, for real?
[2016-06-14 16:07:54] arbitrage001 : not going to say more to get me into trouble
[2016-06-14 16:07:59] elmorte : damn....yup, no worries
[2016-06-14 16:08:37] REKT : Liquidated long on `XBTUSD`: Sell 2900 @ 674.02
[2016-06-14 16:08:37] REKT : Liquidated long on `XBTUSD`: Sell 250000 @ 674.20 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-14 16:08:43] arbitrage001 : author and his team are smart
[2016-06-14 16:08:47] arbitrage001 : not dealing with fiat currency
[2016-06-14 16:08:51] arbitrage001 : only btc
[2016-06-14 16:08:58] 1QaZxSw2 : rektisburg address
[2016-06-14 16:09:09] arbitrage001 : no government have the authrity to check bitmex
[2016-06-14 16:09:15] arbitrage001 : authority
[2016-06-14 16:09:32] arbitrage001 : except the goverment which bitmex registered in
[2016-06-14 16:10:15] arbitrage001 : oh shit
[2016-06-14 16:10:18] arbitrage001 : dpe again
[2016-06-14 16:10:25] arbitrage001 : this time, i will be affected
[2016-06-14 16:10:57] REKT : Liquidated long on `XBTUSD`: Sell 580 @ 673.56
[2016-06-14 16:11:03] j8 : arbitrage001: good time to close
[2016-06-14 16:11:23] arbitrage001 : j8: no place to park the money
[2016-06-14 16:11:25] elmorte : j8: you reckon? no downmoon?
[2016-06-14 16:12:59] justinlooking : dammit!
[2016-06-14 16:13:12] elmorte : justinlooking: break the chart again?
[2016-06-14 16:13:16] NukeLaloosh : some interesting market making going on over at ethxbt right now
[2016-06-14 16:13:19] muf : price of eth is too high here
[2016-06-14 16:13:32] BTCDJS : boy am I glad that I shorted
[2016-06-14 16:13:42] elmorte : BTCDJS: don't jinx it
[2016-06-14 16:14:16] markimarki : pnl is calculated with mark price?
[2016-06-14 16:14:37] markimarki : how does mark price is calculated?
[2016-06-14 16:14:44] BTCDJS : elmorte: don't worry mate. It'll retrace to 580-590 area. if it doesn't then I'm a goldfish
[2016-06-14 16:14:53] elmorte : Click on the mark price and it will tell you
[2016-06-14 16:15:25] BTCDJS : elmorte: trust me. Im a roofer
[2016-06-14 16:15:33] justinlooking : lol
[2016-06-14 16:15:49] elmorte : BTCDJS: is that what Cosby did mate?
[2016-06-14 16:15:58] markimarki : so pnl is "false"?
[2016-06-14 16:16:18] arbitrage001 : markimarki: pnl is estimated
[2016-06-14 16:16:18] elmorte : markimarki: there's 2...which one?
[2016-06-14 16:16:30] BTCDJS : elmorte: cosby is innocent
[2016-06-14 16:16:37] elmorte : rapologist!
[2016-06-14 16:16:45] markimarki : elmorte: at the open positions
[2016-06-14 16:17:00] elmorte : ROE? Yeah, don't look at that
[2016-06-14 16:17:47] markimarki : so what is the purpose of that?
[2016-06-14 16:17:51] elmorte : Realised PNL & difference between your entry price and last traded price is your best estimate at PNL
[2016-06-14 16:18:27] markimarki : ok i see know thanks
[2016-06-14 16:18:29] elmorte : markimarki: Arthur the CEO is old school
[2016-06-14 16:18:39] markimarki : :D
[2016-06-14 16:25:09] blackwhite : Bitmex guys, can you tell in clear what happens if the spot trades with discount for 8 hours? I kinda puzzled with your bitfinex maximum equation
[2016-06-14 16:25:21] blackwhite : for the funding rate
[2016-06-14 16:26:16] arbitrage001 : blackwhite: i like to know also
[2016-06-14 16:26:22] elmorte : Back in the day, the spread was very tight around the mark price...so Unrealised PNL reflected a good estimate to add on to your Realised PNL @markimarki.
[2016-06-14 16:26:23] Juba : #makeliquidtygreatagain
[2016-06-14 16:26:23] BitMEX_Arthur : blackwhite: first thing is that the funding rate can't change by more than 75% of the maintenance margin, so for XBTUSD that's 0.375%
[2016-06-14 16:27:26] BitMEX_Arthur : so even if the premium was negative for this 8 hour period, the lowest the rate can go is +0.0549%
[2016-06-14 16:27:56] blackwhite : how calced?
[2016-06-14 16:28:15] arbitrage001 : if discount presist after next one?
[2016-06-14 16:28:24] BitMEX_Arthur : https://www.bitmex.com/app/index/.XBTUSDPI
[2016-06-14 16:28:26] arbitrage001 : just like to know if negative rate is possible
[2016-06-14 16:28:30] elmorte : We're going negative rate @arbitrage001
[2016-06-14 16:28:30] BitMEX_Arthur : It is possible
[2016-06-14 16:28:38] elmorte : Shorts pay longs
[2016-06-14 16:28:38] arbitrage001 : or the lowst bound is bfx lending rate
[2016-06-14 16:29:00] BitMEX_Arthur : if the premium is negative and bfx rate spread is positive, the swap funding rate will reflect the premium or be negative
[2016-06-14 16:29:01] BitMEX_Arthur : for that period
[2016-06-14 16:29:35] arbitrage001 : ok thank you
[2016-06-14 16:29:36] BitMEX_Arthur : if the premium and bfx rate were positive, but premium was lower than bfx rate, we would use the bfx rate
[2016-06-14 16:29:37] blackwhite : then it is not a max of 2 values
[2016-06-14 16:29:43] arbitrage001 : i will know what to do when negative rate hit
[2016-06-14 16:29:51] elmorte : BitMEX_Arthur: The amount of times it's been repeated in here, by now surely you could have put it in the docs too, no?
[2016-06-14 16:30:02] elmorte : So we have a clear reference
[2016-06-14 16:30:12] BitMEX_Arthur : we have slightly amended the docs to include some more examples, it will be live shortly
[2016-06-14 16:30:16] REKT : Liquidated long on `XBTUSD`: Sell 65 @ 673.38
[2016-06-14 16:30:32] elmorte : Cheers mate
[2016-06-14 16:30:40] blackwhite : still don't i get where come 0.0549%
[2016-06-14 16:30:44] arbitrage001 : BitMEX_Arthur: pleasesend out email like last few changes
[2016-06-14 16:30:52] BitMEX_Arthur : https://www.bitmex.com/app/swapsGuide
[2016-06-14 16:31:06] arbitrage001 : being traders here is dangerous
[2016-06-14 16:31:06] elmorte : blackwhite: current rate - maximum allowed change
[2016-06-14 16:31:15] BitMEX_Arthur : There have been no changes, we have just updated the doc to include answers to frequently asked questions
[2016-06-14 16:31:19] arbitrage001 : rules keep changing
[2016-06-14 16:31:26] BitMEX_Arthur : there have been no changes to the methodology since the last announcement
[2016-06-14 16:31:32] REKT : Liquidated long on `XBTM16`: Sell 6 @ 691.49
[2016-06-14 16:31:41] REKT : Liquidated long on `XBTUSD`: Sell 1300 @ 672.89
[2016-06-14 16:33:08] blackwhite : and the maximum allowed change is =?
[2016-06-14 16:33:20] BitMEX_Arthur : 75% of the maintenance margin
[2016-06-14 16:33:26] BitMEX_Arthur : for XBTUSD that is 0.375%
[2016-06-14 16:33:34] BitMEX_Arthur : so each 8 hours the rate can only go up or down by that amount
[2016-06-14 16:33:43] elmorte : Okc < 675 :o
[2016-06-14 16:33:51] blackwhite : ok so now if i see 0.4299
[2016-06-14 16:34:16] BitMEX_Arthur : that is the announced rate to be charged at 20:00 UTC
[2016-06-14 16:34:26] blackwhite : then next one 0.4299-0.375=0.05
[2016-06-14 16:34:34] BitMEX_Arthur : that's the minimum it can go
[2016-06-14 16:34:43] BitMEX_Arthur : and the maximum is 0.4299% + 0.375%
[2016-06-14 16:34:49] arbitrage001 : elmorte: you know bitx and coinbox price will probably remain same?
[2016-06-14 16:34:57] arbitrage001 : since it is past midnight here
[2016-06-14 16:35:01] blackwhite : and the 04:00 can then be negative already right?
[2016-06-14 16:35:19] BitMEX_Arthur : blackwhite: Yes the rate can be negative which means shorts pay longs
[2016-06-14 16:35:24] elmorte : arbitrage001: true...
[2016-06-14 16:35:37] elmorte : but I hate waking up early :)
[2016-06-14 16:35:41] arbitrage001 : wait for price to drop futher
[2016-06-14 16:35:56] arbitrage001 : the deposit is automated
[2016-06-14 16:36:02] arbitrage001 : sell then withdraw fiat
[2016-06-14 16:36:23] elmorte : I don't need to withdraw immediately....unless you have a better plan?
[2016-06-14 16:36:33] elmorte : I'd rather short now then buy back tom
[2016-06-14 16:36:36] REKT : Liquidated long on `XBTUSD`: Sell 120 @ 670.82
[2016-06-14 16:36:40] arbitrage001 : coinbox is shady as you said
[2016-06-14 16:36:45] arbitrage001 : not sure about bitx
[2016-06-14 16:36:48] blackwhite : is there an absolute limit on funding rate&
[2016-06-14 16:36:54] arbitrage001 : i know colbert is shady
[2016-06-14 16:37:06] elmorte : arbitrage001: don't wanna jinx it but they've been great
[2016-06-14 16:37:21] BitMEX_Arthur : blackwhite: Yes 75% of Initial Margin - Maintenance Margin
[2016-06-14 16:37:22] elmorte : they pay transfer fees for you, too
[2016-06-14 16:37:31] BitMEX_Arthur : so for XBTUSD that is +-1.125%
[2016-06-14 16:37:33] arbitrage001 : you know bitx is traded in the US otc market?
[2016-06-14 16:37:42] elmorte : BTC transfer
[2016-06-14 16:37:50] elmorte : I heard about them from itBit I think...
[2016-06-14 16:38:18] elmorte : arbitrage001: is that bad?
[2016-06-14 16:38:25] arbitrage001 : yes
[2016-06-14 16:38:29] elmorte : how come?
[2016-06-14 16:38:34] arbitrage001 : otc market is shark eat shark world
[2016-06-14 16:38:53] elmorte : so you wouldn't keep coins there you mean?
[2016-06-14 16:38:57] REKT : Liquidated long on `XBTUSD`: Sell 2 @ 668.66 :punch: :whale:
[2016-06-14 16:38:57] REKT : Liquidated long on `XBTUSD`: Sell 7784 @ 668.62
[2016-06-14 16:38:57] REKT : Next stop - goblin town!
[2016-06-14 16:38:59] arbitrage001 : yes
[2016-06-14 16:39:22] arbitrage001 : actually, putting coin anywhere is risky
[2016-06-14 16:39:26] REKT : Liquidated long on `XBTUSD`: Sell 2035 @ 668.02
[2016-06-14 16:39:34] BTCDJS : elmorte: even here
[2016-06-14 16:39:45] elmorte : yeah, I understand that....but to take advantage of the situation, you need to have some funds available
[2016-06-14 16:39:48] arbitrage001 : who would have thought mtgox went belly up? when they monopolize btc trading
[2016-06-14 16:39:51] REKT : Liquidated long on `XBTUSD`: Sell 4435 @ 667.17
[2016-06-14 16:40:27] elmorte : oooh....we're crashing....
[2016-06-14 16:40:36] arbitrage001 : yes, i am worry about dpe
[2016-06-14 16:40:52] elmorte : :/
[2016-06-14 16:40:56] BTCDJS : arbitrage001: you long?
[2016-06-14 16:41:00] arbitrage001 : as funding decrease, i dont see a reason to short here
[2016-06-14 16:41:16] elmorte : DPE would be on the profits @BTCDJS :)
[2016-06-14 16:41:34] BTCDJS : elmorte: for shorts?
[2016-06-14 16:41:40] elmorte : for anyone
[2016-06-14 16:41:54] chromaticcr1 : elmorte: ohh.. we are crshing balls
[2016-06-14 16:42:00] arbitrage001 : BTCDJS: the price itself has no effect on people using 1 to 1 leverage
[2016-06-14 16:42:01] elmorte : you're just used to bull runs :p
[2016-06-14 16:42:05] BTCDJS : elmorte: dpe is 0% tho
[2016-06-14 16:42:10] elmorte : for now...
[2016-06-14 16:42:11] arbitrage001 : swap is just USD
[2016-06-14 16:42:44] arbitrage001 : synthetic USD
[2016-06-14 16:42:46] elmorte : but if we crash a lot...and longs get liqd....
[2016-06-14 16:42:50] arbitrage001 : as someone pointed out before
[2016-06-14 16:42:51] elmorte : that's what arb is talking about
[2016-06-14 16:42:59] BTCDJS : arbitrage001: yes I understand that
[2016-06-14 16:44:14] BTCDJS : so Im short from 675. How will I be affected if that happens?
[2016-06-14 16:44:37] arbitrage001 : your profit will take a hair cut if dpe hit
[2016-06-14 16:45:08] BTCDJS : arbitrage001: and what causes doe to hit?
[2016-06-14 16:45:15] BTCDJS : DPE
[2016-06-14 16:45:24] arbitrage001 : dude
[2016-06-14 16:45:29] arbitrage001 : you new to trading?
[2016-06-14 16:45:36] BTCDJS : yes 1 year
[2016-06-14 16:45:41] arbitrage001 : same reason caused margin call
[2016-06-14 16:45:46] BTCDJS : on and off spare time
[2016-06-14 16:49:05] BTCDJS : arbitrage001: Im a roofer. Im new. But we all got to start somewhere.
[2016-06-14 16:50:01] elmorte : BTCDJS: your short means someone promised to buy from you at 675...now, if their liqd price is 665, and the mark hits that slowly, hopefully Bitmex liqs them at a favourable price so that you can still get your USD at 675/BTC. If the price drops to 655 too quickly for Bitmex to liquidate the counterparty at 665, that means there is not enough margin to cover your profit. Therefore you take a cut of your profit.
[2016-06-14 16:50:35] arbitrage001 : yes. but normally people start small and at a more simple place
[2016-06-14 16:50:55] elmorte : Bitmex is not going to compensate you for that difference
[2016-06-14 16:51:05] arbitrage001 : dpe hit when order gets margin called and the order wasn't able to filled
[2016-06-14 16:52:14] arbitrage001 : hah, we are back to premium mode
[2016-06-14 16:53:27] REKT : Liquidated long on `XBTUSD`: Sell 6258 @ 665.01
[2016-06-14 16:54:03] BTCDJS : arbitrage001: It doesn't matter. Its all a learning experience no matter which way you go. But I am playing small. I already past the gambler phase. My ego already explored and observed. For now I just need to understand funding. So if you don't mind answering my questions I would like to know what it all means.
[2016-06-14 16:54:12] zanza : RIParino Bitcoin 2016
[2016-06-14 16:54:23] BTCDJS : elmorte: Very good explanation. Thank you. I get it
[2016-06-14 16:55:01] arbitrage001 : BTCDJS: funding means the price long paid to long bt
[2016-06-14 16:55:39] arbitrage001 : right now, it is positive. You can view it as interest you pay to get leverage
[2016-06-14 16:55:56] NukeLaloosh : is polo getting goxxed? big discounts
[2016-06-14 16:56:11] arbitrage001 : NukeLaloosh: what discount
[2016-06-14 16:56:29] NukeLaloosh : btc at 593
[2016-06-14 16:56:33] elmorte : whaaaa
[2016-06-14 16:56:37] NukeLaloosh : eth at $15.6
[2016-06-14 16:56:57] arbitrage001 : BTCDJS: btw, if you are using higher than 5 times leverage, you are gambling
[2016-06-14 16:57:17] BTCDJS : arbitrage001: not if my entry is good
[2016-06-14 16:57:46] elmorte : I think that's more of a reflection on USDT @NukeLaloosh
[2016-06-14 16:58:21] arbitrage001 : BTCDJS: what is good entry?
[2016-06-14 16:58:33] NukeLaloosh : elmorte: i'm showing bitfinex eth at usd 17.28
[2016-06-14 16:58:47] elmorte : Who backs USDT? Someone in here knows...
[2016-06-14 16:58:59] elmorte : It's an IOU from...polo itself?
[2016-06-14 16:59:28] elmorte : NukeLaloosh: basically USDT > USD at this point...
[2016-06-14 16:59:41] NukeLaloosh : ahh
[2016-06-14 17:00:18] NukeLaloosh : thought usdt was just their taxonomy for usd
[2016-06-14 17:00:46] BTCDJS : arbitrage001: I entered this short at 675.07. I did it because I think there will be a good retrace either to 625-630 or extreme 580-590. I have a trailing stop. As long as we keep going down now I am in profit.
[2016-06-14 17:01:03] elmorte : No...it's an IOU backed by an exchange....Arthur was discussing it here with someone else a while back
[2016-06-14 17:01:33] arbitrage001 : BTCDJS: if you have stop and enforce your own rules, then good
[2016-06-14 17:01:43] elmorte : prob sleger, tscha, j8...one of them smart ones :)
[2016-06-14 17:02:06] BTCDJS : NukeLaloosh: USDT is a synthetic USD
[2016-06-14 17:02:15] BTCDJS : as far as I know
[2016-06-14 17:02:19] NukeLaloosh : i see, thanks
[2016-06-14 17:02:24] BTCDJS : No bank accounts
[2016-06-14 17:02:34] messiaen8844 : 600 here we come
[2016-06-14 17:02:59] arbitrage001 : 150 here we comes
[2016-06-14 17:03:08] arbitrage001 : this time, i will sure buy at 150
[2016-06-14 17:03:12] IChTj4OeMavRq6qeIyEb : messiaen8844: Did you mean 675
[2016-06-14 17:03:12] IChTj4OeMavRq6qeIyEb : ?
[2016-06-14 17:03:33] BTCDJS : arbitrage001: I will take out a bank loan to buy at 150!!
[2016-06-14 17:03:55] BTCDJS : JK
[2016-06-14 17:04:01] arbitrage001 : BTCDJS: funny btc cummity was quiet when it hit 150
[2016-06-14 17:04:03] luckynuke : polo below 600 wtf
[2016-06-14 17:04:06] arbitrage001 : cummunity