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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[2016-06-16 23:19:32] miramm1115 : approximately
[2016-06-16 23:20:11] alchemist : So the question is, if I want to get out the 24th should I buy xbu June 24 or the swap
[2016-06-16 23:20:53] alchemist : And the funding is on my value or margin?
[2016-06-16 23:21:12] palgba : hello
[2016-06-16 23:21:21] palgba : is there a way to have a sub account ?
[2016-06-16 23:21:34] BitMEX_Arthur : No
[2016-06-16 23:21:47] BitMEX_Arthur : you can just create another account with a different email
[2016-06-16 23:21:55] palgba : ok
[2016-06-16 23:21:59] palgba : i was about to ask that
[2016-06-16 23:22:07] miramm1115 : if you think it's going to $850, you can use the calculator to check your profit with exit $850 and substract funding costs
[2016-06-16 23:22:08] palgba : thank you
[2016-06-16 23:22:30] alchemist : BitMEX_Arthur: am I missing something.... if you leverage your trade 10x and you pay 1% does this mean you would pay 30% a day
[2016-06-16 23:22:46] alchemist : Cause that's retarded
[2016-06-16 23:25:00] Rado : it's OK when you are buying 10x more BTC with 1/10 of the money?
[2016-06-16 23:26:10] BitMEX_Arthur : alchemist: if you think in terms of return on equity yes
[2016-06-16 23:26:55] alchemist : Funding, is it paid on trade value or margin? cause if you hold $10,000 on $1000 and pay $30 a day, you're losing money pretty fast. So you would need almost 100% gains every month to break even
[2016-06-16 23:26:56] BitMEX_Arthur : but you can also make a lot due to the leverage as well
[2016-06-16 23:27:23] alchemist : So buy and hold in these conditions is like... sketchy at best
[2016-06-16 23:27:26] BitMEX_Arthur : correct funding is on the leveraged notional
[2016-06-16 23:27:43] BitMEX_Arthur : so that's why selling and buying Bitcoin to completely hedge is very profitable
[2016-06-16 23:28:11] alchemist : So I'm this case I think the June 24 is a better deal!
[2016-06-16 23:29:07] BitMEX_Arthur : XBTUSD is great mostly because of the liquidity
[2016-06-16 23:29:26] BitMEX_Arthur : you can get in and out way faster and cheaper than June 24
[2016-06-16 23:31:19] Tulsene : hello
[2016-06-16 23:31:28] BitMEX_Wally : Tulsene: Hello
[2016-06-16 23:31:31] Tulsene : there is more fees for hidden limit order ?
[2016-06-16 23:31:48] Tulsene : hello BitMEX_Wally
[2016-06-16 23:32:03] Yumi : you always pay taker fee with hidden order
[2016-06-16 23:32:12] Tulsene : thx yumi
[2016-06-16 23:32:24] BitMEX_Wally : https://www.bitmex.com/app/fees#order-type-exceptions
[2016-06-16 23:32:42] Tulsene : I was looking into contracts, mb
[2016-06-16 23:32:44] Tulsene : thx
[2016-06-16 23:36:45] Tetsuo : BTC & ETH down ; LTC up, chicken will have the last laugh, you heard it here first!
[2016-06-16 23:47:39] alchemist : so ideally to hedge i want equal values buying and selling eh, then to collect the interest
[2016-06-17 00:03:19] Tetsuo : The golden age of the Rooster is about to start!
[2016-06-17 00:03:27] MrRGnome : china threatening another short spurt up, a solid screw you to shorts collecting the last hour
[2016-06-17 00:04:36] Tetsuo : everybody show some love 4 da chickun!
[2016-06-17 00:17:54] CaptainDean : some poeple write down typo ... 672 instead of 782 :P
[2016-06-17 00:18:10] CaptainDean : 772 instead of 782
[2016-06-17 00:18:13] CaptainDean : :P
[2016-06-17 00:19:50] Tetsuo : some poelple buy overpriced BTC with a dysfunctional blockchain instead of underpriced super fast and safe chickun
[2016-06-17 00:21:41] messiaen8844 : http://getjumbucks.com/settlement/
[2016-06-17 00:22:08] messiaen8844 : let's see what happens till settlement, maybe they pump till that?
[2016-06-17 00:23:31] Tetsuo : BTC fake halving pump is over! get out and cut your losses quick!
[2016-06-17 00:23:59] Tetsuo : LTC is the name of the game!
[2016-06-17 00:24:33] Moo : thank you for bringing back the true purpose of the trollbox. it's been to civil and reasoned in here lately
[2016-06-17 00:27:24] Tetsuo : thx but sry, won´t stay here too much longer, after a 2 year ban on BTC-E my true alias "LTCvictim" will be finally reactivated again!
[2016-06-17 00:27:35] billz : LTC is a joke lol
[2016-06-17 00:29:30] Tetsuo : billz: Lol, buy in again when it´s 20$ then you might still have a chance to quadruple. BTC fakepump and ETH scamcoin believers will learn it the hard way, there is only one king and it´s name is chickung
[2016-06-17 00:31:58] gartan : okcoin has locked futures prices
[2016-06-17 00:32:08] messiaen8844 : ltc rocket
[2016-06-17 00:32:09] gartan : can I actually market buy here?
[2016-06-17 00:34:05] Moo : sounds like it's time to short ltcbtc
[2016-06-17 00:34:39] Tetsuo : Moo: plz doo soo , can´t wait to see you rekt :-)
[2016-06-17 00:34:49] messiaen8844 : lol, all shortes just god liquidated at OkCoin moo
[2016-06-17 00:35:08] Tetsuo : Moo: look at theat bounce @ LTC/BTCqBTC-E
[2016-06-17 00:35:14] Moo : that's usually when to open new shorts
[2016-06-17 00:35:23] messiaen8844 : feel free to short the bottom
[2016-06-17 00:36:59] Tetsuo : I beleive in god, crack-cocaine and the almighty chickun. king of all roosters please save my soul
[2016-06-17 00:43:34] Tetsuo : Lol. i nailed it. Goodbye you suckers
[2016-06-17 00:44:11] CrazyEarner : lmfao see you at 800 fella
[2016-06-17 00:48:18] CrazyEarner : moving to 780 see you their time play hardcor ewith me funds that ht me account sell now cry after hold sell buy sell see you at the top
[2016-06-17 00:49:55] Tetsuo : CrazyEarner: too many suckers like you tryin to unload their bag @ around 800$. Good luck
[2016-06-17 00:50:31] CrazyEarner : lol I dont need to unload I got plenty to move around on btc and eth and ltc thank you
[2016-06-17 00:50:41] Moo : ethxbt premium is a bit retarded
[2016-06-17 00:51:12] Tetsuo : ETH itself is a bit tetarded
[2016-06-17 00:51:14] CrazyEarner : wel lfor calling me sucker ill just crash it hten k thx see you at bottom
[2016-06-17 00:51:50] Tetsuo : CrazyEarner: PLZ short your 50 bucks on lTC/BTC can´t wait to see the crash u fool
[2016-06-17 00:52:15] CrazyEarner : 50bkuch go play tollmode somewhere else
[2016-06-17 00:52:34] CrazyEarner : lot more than that in here
[2016-06-17 00:53:18] CrazyEarner : $1 to play with such monies such woozers
[2016-06-17 00:55:01] CrazyEarner : Must trade now k thx trollbox for trollinininiing
[2016-06-17 00:56:20] Tetsuo : CrazyEarner: cut your losses before it´s too late
[2016-06-17 00:57:37] messiaen8844 : If ETH premium was retarded someone would short those 5k contracts ;D
[2016-06-17 00:58:08] Moo : might actually be a good idea
[2016-06-17 00:58:17] Moo : eth's been a bit too hot lately, I think
[2016-06-17 00:58:29] Moo : and I say that as a hodler since $1
[2016-06-17 00:59:08] CrazyEarner : Tetsuo: Dnt need to cut any loss I know when aa bulltrap is and thats right now n coming out of it so yeah see you at 800
[2016-06-17 00:59:52] Tetsuo : Lol, you are such a noob you don´t even know what a bulltrap is. You´re going to be broke in less than 3 days
[2016-06-17 01:01:12] CrazyEarner : lmfao sure ok. Try saying that when I live off BTC and only need work part time. Must be such noob lol.
[2016-06-17 01:02:08] CrazyEarner : Troll box entertainment level at over 9,000
[2016-06-17 01:03:04] CrazyEarner : Sends Tetsuo: 2 stars for giving a fk. Now back to trading k thx bye.
[2016-06-17 01:23:33] gartan : is there anyway to see current fee for a position i have open?
[2016-06-17 01:30:47] BitMEX_Wally : The funding fee is 0.9534% in 2 hours
[2016-06-17 01:31:37] BitMEX_Wally : So if you have a position with a 1 XBT notional value then this is 0.009534 XBT
[2016-06-17 01:33:17] ayy_lmao : jeezus
[2016-06-17 01:33:32] Tetsuo : BitMEX_Wally: Now that BTC is about to die, will you enable to fund everything with LTC (aka the last survivor)
[2016-06-17 01:34:27] BitMEX_Wally : Tetsuo: Sure, once the Litecoin market cap exceeds the Bitcoin market cap
[2016-06-17 01:35:08] Tetsuo : BitMEX_Wally: awesome , so i will transfer my first LTC in ~2 weeks, thank you!
[2016-06-17 01:35:52] BitMEX_Wally : Just a warning, our Bitcoin multisig addresses are accepted as valid Litecoin addresses, but please do not send Litecoin or it will be lost
[2016-06-17 01:36:33] Tetsuo : CrazyEarner: don´t forget to add aggressively to your losing position while we are going down to <500$ BTC
[2016-06-17 01:37:28] CrazyEarner : i just sold at $100 and buying back at $775 and repeating
[2016-06-17 01:39:34] Tetsuo : seems like a smart move
[2016-06-17 01:41:54] Tetsuo : CrazyEarner: where did you sell for 100 bux, i might even take the risk and buy a few BTC for 100$(of course only if i can sell it in less than 4h, could crash to 0 any minute)
[2016-06-17 01:44:44] Tetsuo : crazyloser, thanx for ur monnneeeez in advance!
[2016-06-17 01:45:39] Tetsuo : OMG, i can´t believe it LTC is so fast! : - D
[2016-06-17 01:59:00] Rado : another crazy one
[2016-06-17 02:02:17] CrazyEarner : selling all my ltc for 1cent...........Boom and its gone
[2016-06-17 02:15:24] micmix : BitMEX_Wally, BitMEX_Sam: I see that REKT bot gets an error '403 Please don't spam the chat' from time to time. Is there any way to whitelist REKT account?
[2016-06-17 02:16:35] BitMEX_Sam : Yeah I'll do that. Thanks micmix
[2016-06-17 02:16:48] micmix : REKT is not a spammer, it does a lot of volunteer work for the community :wink:
[2016-06-17 02:25:10] MrRGnome : micmix are you the developer? Maybe consider grouping messages that occur within a time period. It would suck if chat was impossible during the most exciting moments because the bot was filling the chat with rekts.
[2016-06-17 02:27:55] QuantFocus : how am i supposed to make any money with these funding rates?
[2016-06-17 02:28:17] micmix : it doesn't really matter if it's one big message or multiple smaller ones. if it becomes a problem I will filter out smaller rekts
[2016-06-17 02:30:35] QuantFocus : I'm a little confused. The funding rate will bring the current mark price in line with the orderbook premium?
[2016-06-17 02:32:04] micmix : QuantFocus: it's the other way around, funding rate should keep ordebook prices closer to mark price
[2016-06-17 02:32:22] MrRGnome : micmix I meant less appending and more aggregating "MEGA-REKT 20000 XBTUSD shorts liquidated last 3 seconds @ $778-$789" so that you do end up with less space consumed under high load.
[2016-06-17 02:32:32] QuantFocus : Because it works as a disincentive, or mathematically?
[2016-06-17 02:33:01] MrRGnome : @QuantFocus disincentive
[2016-06-17 02:33:34] micmix : MrRGnome: I see, prices will be approximate but makes sense if it's a lot
[2016-06-17 02:33:36] QuantFocus : I'm trying to piece it together...if I buy long, i already have to pay a premium because of the spread. then i also have to pay the funding rate when the premium is above the mark price too..?
[2016-06-17 02:34:21] micmix : QuantFocus: yep, it's disincentive to long and incentive to short in order to keep prices in check
[2016-06-17 02:34:48] micmix : otherwise ask side of the orderbook would be almost empty
[2016-06-17 02:34:53] QuantFocus : So it's just intended to provide liquidity?
[2016-06-17 02:34:59] QuantFocus : oh
[2016-06-17 02:35:52] QuantFocus : When funding occurs, does the at-the-market order reset to the mark price?
[2016-06-17 02:36:15] micmix : without high funding fees there is very little reason to sell during strong uptrend
[2016-06-17 02:37:00] MrRGnome : you end up with a high enough premium to incentivize arbitrage, which keeps the price in check.
[2016-06-17 02:37:10] MrRGnome : but you get a pretty healthy premium from spot
[2016-06-17 02:37:43] QuantFocus : Makes sense. So being a liquidity provider, I could short at say, 780, and essentially start in the money by the premium over the mark. Then i can also expect to receive the funding rate when that occurs?
[2016-06-17 02:37:51] Yumi : there was 2% premium, it was not working out
[2016-06-17 02:39:25] micmix : 2% premium is not 10% premium, it's working
[2016-06-17 02:39:43] Yumi : I mean, it wasnt working without high swap cost
[2016-06-17 02:39:54] j8 : micmix: see the garbage goin on at okc quarterly?
[2016-06-17 02:39:55] micmix : ah ok
[2016-06-17 02:41:53] micmix : j8: what do you mean? I don't have a position atm and didn't check
[2016-06-17 02:42:06] j8 : they put a cap on the premium
[2016-06-17 02:42:32] micmix : j8: oh wow, really?
[2016-06-17 02:42:43] j8 : yeah. it wants to buy way higher
[2016-06-17 02:43:39] j8 : limit up 846.32 at the moment
[2016-06-17 02:43:48] j8 : around 8.4%
[2016-06-17 02:43:51] micmix : what's the formula? do you have a link to the announcement?
[2016-06-17 02:44:17] j8 : that's the worst part. no announcement
[2016-06-17 02:44:29] j8 : just a lot of "why can't i buy"
[2016-06-17 02:44:38] QuantFocus : BitMEX_Sam: can you please explain what happens to mark price after funding occurs?
[2016-06-17 02:44:42] micmix : that's crazy
[2016-06-17 02:45:01] QuantFocus : Is there a mechanism in place, or is it still driven by market participants?
[2016-06-17 02:45:45] micmix : QuantFocus: mark price goes up after funding is paid and bots adjust their prices accordingly
[2016-06-17 02:46:02] QuantFocus : micmix: ok, thank you. I thought that was the case
[2016-06-17 02:46:23] j8 : was hoping you might have some info. it's a disaster, you can't even close short
[2016-06-17 02:46:25] daveberns1 : why does my pending cashrebalance include a fee of .6 XBT!?!?
[2016-06-17 02:46:37] QuantFocus : So even though longs take a hit on funding, the higher mark price offsets some of that?
[2016-06-17 02:46:39] daveberns1 : pretty intense fee
[2016-06-17 02:47:12] micmix : j8: and ppl were giving BitMEX hard time for 20 hours notice
[2016-06-17 02:47:35] j8 : yeah, they look pretty classy in comparison.
[2016-06-17 02:48:43] micmix : QuantFocus: you can think of it this way but mark price doesn't really affect you until rebalance
[2016-06-17 02:49:19] micmix : as long as you have enough margin to avoid liquidation
[2016-06-17 02:50:53] j8 : i have a long on the quarterly there, not sure what to do about it. i don't want to be involved in that market but i also don't want to close when they're suppressing the price, cause that's what they want you to do
[2016-06-17 02:52:07] rapidtrades : f okc amirite
[2016-06-17 02:54:05] j8 : yeah, it's bad. i should stop trading there
[2016-06-17 02:54:55] rapidtrades : withdrew most of my shit earlier
[2016-06-17 02:55:12] rapidtrades : better safe then sry
[2016-06-17 02:56:41] rapidtrades : its a shame cause their spot wasn't bad
[2016-06-17 02:57:14] rapidtrades : no fees for limits and it was easy to get fills unlike finex where they clog up the bid/ask all the f time
[2016-06-17 02:57:24] rapidtrades : but futures, clearly some scammy shit going on there
[2016-06-17 02:58:06] j8 : this is just straight up price fixing
[2016-06-17 02:58:30] rapidtrades : even before tho, they were constanly 'trading' mid price...until u place a bid in there
[2016-06-17 02:58:43] rapidtrades : then poof noone wants to trade at the price anymore
[2016-06-17 02:59:02] j8 : yeah, pretty impossible to pin that on the exchange rather than bots though
[2016-06-17 02:59:15] rapidtrades : oh rly?
[2016-06-17 02:59:37] j8 : i don't have much trust for them but it's impossible to prove
[2016-06-17 02:59:38] rapidtrades : what would be the point? they pay 0.03% every time
[2016-06-17 03:00:19] rapidtrades : if bots were doing it, they wouldn't care its my bid, they would fill it at mid just like they filled each other
[2016-06-17 03:01:37] rapidtrades : the vast majority of volume on those futures is fake
[2016-06-17 03:01:48] j8 : yeah i don't doubt it
[2016-06-17 03:02:41] j8 : still the most liquid market for btc by far, which is the only reason i'm still there
[2016-06-17 03:05:18] rapidtrades : premium still stuck at $75
[2016-06-17 03:05:49] j8 : $65
[2016-06-17 03:07:38] rapidtrades : was that even an option under their tos
[2016-06-17 03:07:57] j8 : pretty sure it wasn't
[2016-06-17 03:08:24] rapidtrades : im worried this could be a confidence killer
[2016-06-17 03:08:33] j8 : there is a policy on limit up / down, but it has nothing to do with spot price or premium
[2016-06-17 03:08:36] micmix : fallout could be huge
[2016-06-17 03:08:39] daveberns1 : Guys seriously, can anyone justify this .6 XBT CashRebalance fee I am seeing on the XBTU16
[2016-06-17 03:08:45] rapidtrades : ppl could panic like i did and ask to pull money out
[2016-06-17 03:08:46] daveberns1 : trying to figure this out...
[2016-06-17 03:08:49] Yumi : DPE @daveberns1
[2016-06-17 03:09:03] daveberns1 : ouch
[2016-06-17 03:09:31] micmix : daveberns1: no, DPE affects profit only
[2016-06-17 03:09:57] micmix : DPE can't make profit into loss
[2016-06-17 03:10:21] daveberns1 : ya, my profit from the cashrebal is much larger
[2016-06-17 03:10:34] daveberns1 : but still seems like a large chunk
[2016-06-17 03:10:41] Yumi : there is 7% DPE so he has like 8-9btc profit
[2016-06-17 03:10:43] daveberns1 : in genearl, not of profit
[2016-06-17 03:10:51] daveberns1 : ya about right
[2016-06-17 03:11:00] daveberns1 : damn
[2016-06-17 03:11:09] daveberns1 : so i am paying for those that went bust
[2016-06-17 03:11:11] daveberns1 : ?
[2016-06-17 03:11:26] micmix : ok, I thought you had loss
[2016-06-17 03:12:00] rapidtrades : micmix: why is ur name green and not orange
[2016-06-17 03:12:18] micmix : ppl who got liquidated paid your profit
[2016-06-17 03:12:27] rapidtrades : everyone is green now
[2016-06-17 03:12:39] micmix : rapidtrades: chat broken, everyone brown for me
[2016-06-17 03:12:46] rapidtrades : woah
[2016-06-17 03:13:00] rapidtrades : so it takes ur color and paints ev1
[2016-06-17 03:13:47] micmix : idk, I just though Sam decided paint everyone poop color
[2016-06-17 03:13:53] micmix : *thought
[2016-06-17 03:17:21] REKT : Liquidated short on `ETHXBT`: Buy 41 @ 0.02723
[2016-06-17 03:17:35] rapidtrades : http://news.forexlive.com/!/want-a-loan-web-based-china-lenders-demand-nude-pics-as-guarantee-20160617
[2016-06-17 03:22:18] j8 : micmix: p.s. happy 1000 CAD per btc. we're rich!
[2016-06-17 03:22:32] micmix : j8: yep, grats!
[2016-06-17 03:23:43] rapidtrades : are u both loonies?
[2016-06-17 03:23:50] j8 : mhmm
[2016-06-17 03:27:33] micmix : j8: btw, quadriga withdrawals started to take a long time. I hope they are still solvent
[2016-06-17 03:28:17] j8 : i've always had to wait around 2 weeks
[2016-06-17 03:28:51] j8 : for EFT
[2016-06-17 03:29:06] micmix : oh ok, I just started using them couple month ago and it seems every new withdrawal takes longer than the previous one
[2016-06-17 03:29:29] micmix : yep, EFT
[2016-06-17 03:30:07] rapidtrades : EASTERN FROZEN TIME
[2016-06-17 03:30:10] rapidtrades : canada
[2016-06-17 03:30:29] j8 : they rarely meet the processing times they claim.
[2016-06-17 03:32:50] j8 : sometimes they get behind on interac e-transfers because their bank limits them. i haven't had any serious issues with them in a year and half though
[2016-06-17 03:33:10] micmix : ok, glad to hear
[2016-06-17 03:35:00] j8 : there's the odd thing that makes me think they're not super competent though. like german timestamps on a canadian website (i asked about this, it's because the site is hosted in germany.. lol)
[2016-06-17 03:35:35] rapidtrades : sweet, funding back to 1.1 after this
[2016-06-17 03:35:59] NukeLaloosh : TheDao now $252M
[2016-06-17 03:39:13] j8 : sweet sweet funding
[2016-06-17 03:40:15] BitMEX_Arthur : I see someone is short
[2016-06-17 03:41:07] j8 : short, long.. it's one massive shlong
[2016-06-17 03:41:18] micmix : j8: nice one
[2016-06-17 03:42:24] micmix : I'm out of leaderboard, palty 285% ROE not enough with all those new super traders
[2016-06-17 03:42:28] Rado : hello punk traders
[2016-06-17 03:44:24] mikeh : i started the bull run by selling, should i go long now? :)
[2016-06-17 03:44:36] Rado : lol
[2016-06-17 03:44:39] Rado : yes please
[2016-06-17 03:44:48] Rado : we need some volatility
[2016-06-17 03:45:09] mikeh : k
[2016-06-17 03:46:27] Rado : looks like some kind of top is forming
[2016-06-17 03:46:35] Rado : or I might be delusional
[2016-06-17 03:46:59] rapidtrades : could be both
[2016-06-17 03:47:06] rapidtrades : doesn't have to be either or :)
[2016-06-17 03:47:08] micmix : okc put a cap on it as we discissed
[2016-06-17 03:47:32] Rado : why everyone has the same colour nick now
[2016-06-17 03:47:53] Rado : oh look premium is gone because of funding
[2016-06-17 03:47:56] mikeh : well i'm green with envy
[2016-06-17 03:48:05] rapidtrades : i assume lots of bots use their futures in calcs and shit so its having a knock-on effect in other futures like here
[2016-06-17 03:48:06] REKT : Liquidated short on `ETHXBT`: Buy 40 @ 0.02776
[2016-06-17 03:48:22] Rado : my bot is long ETH again
[2016-06-17 03:48:32] Rado : what's with ETH bull run?
[2016-06-17 03:49:24] mikeh : probably cos transaction limit hasn't been sorted yet
[2016-06-17 03:50:07] mikeh : needs to be an alt for when everyone bails out of fiat
[2016-06-17 03:50:33] rapidtrades : noone is gonna bail on fiat
[2016-06-17 03:50:33] Rado : nah
[2016-06-17 03:50:38] rapidtrades : u ppl are delusional
[2016-06-17 03:50:41] Rado : there are a lot of other alt coins
[2016-06-17 03:50:46] Rado : they are not going up like ETH
[2016-06-17 03:51:37] messiaen8844 : ETH has been bullish for quite a while
[2016-06-17 03:52:04] messiaen8844 : didn't lost it's supports
[2016-06-17 03:52:08] messiaen8844 : and there was evident accumulation
[2016-06-17 03:52:17] messiaen8844 : it will shoot high
[2016-06-17 03:53:23] rapidtrades : still in range on daily
[2016-06-17 03:54:16] rapidtrades : shitcoin rly should be down
[2016-06-17 03:54:45] Rado : I think a $100 drop is coming on BTC
[2016-06-17 03:54:55] rapidtrades : no shit
[2016-06-17 03:55:05] rapidtrades : capt oobvious award
[2016-06-17 03:55:18] Rado : lol
[2016-06-17 03:57:49] NukeLaloosh : can i be rebalanced more than my margin on a position?
[2016-06-17 03:58:16] Rado : so if I buy swap now I will pay the 0.95% funding?
[2016-06-17 03:58:34] Yumi : yes
[2016-06-17 03:58:49] rapidtrades : Rado: maybe :)
[2016-06-17 03:58:58] rapidtrades : try it and find out
[2016-06-17 03:59:26] Rado : no
[2016-06-17 04:02:04] rapidtrades : so 1.1% in now fixed and we're looking at another 1.1% next if premium doesn't drop
[2016-06-17 04:06:08] j8 : a little too good to be true, it will be hard to sustain for more than one session
[2016-06-17 04:09:44] ayy_lmao : dat funding
[2016-06-17 04:09:45] ayy_lmao : rekt
[2016-06-17 04:12:15] ayy_lmao : worse than dpe lmao
[2016-06-17 04:12:32] messiaen8844 : they should delist this XBJ24H shit from here
[2016-06-17 04:12:43] messiaen8844 : until they do decent market making
[2016-06-17 04:13:08] messiaen8844 : do anything and market maker removes everything from the book
[2016-06-17 04:14:01] ayy_lmao : i forgot to close my order before the rebalance
[2016-06-17 04:14:23] messiaen8844 : This fuckery is a bit too much
[2016-06-17 04:14:51] rapidtrades : i mean at least it settles daily :)
[2016-06-17 04:15:00] jet : I just signed up. this rebalance thing effectively halved my position. what is this?
[2016-06-17 04:15:10] ayy_lmao : paid 0.2 btc in funding instead of probably 0.01-02 in fees just closing
[2016-06-17 04:19:21] REKT : Liquidated long on `XBTUSD`: Sell 178 @ 779.79
[2016-06-17 04:19:54] NukeLaloosh : in 8 hours it's both a rebalance AND funding?
[2016-06-17 04:20:46] rapidtrades : ye
[2016-06-17 04:21:03] messiaen8844 : bullshit...
[2016-06-17 04:21:55] messiaen8844 : yesterday had a winning trade but market maker didn't give me a way out and I had to wait for settlement when my gains were reduced, no way you can trade this
[2016-06-17 04:21:59] messiaen8844 : v
[2016-06-17 04:22:27] ayy_lmao : dont know what to do at this point
[2016-06-17 04:23:49] ayy_lmao : u can get margin called on funding alone at this rate
[2016-06-17 04:23:54] ayy_lmao : if u hold for enough funding rounds
[2016-06-17 04:25:00] ayy_lmao : of course this only affects longs but fuck shorting a bull trend
[2016-06-17 04:25:03] j8 : yep. the change in the rate is capped so you can't be liquidated just by one funding event
[2016-06-17 04:25:36] jet : Opened a long. Opened at 775. Closed at 779. Made a loss of 100%.. wat
[2016-06-17 04:25:52] rapidtrades : mexed
[2016-06-17 04:25:59] ayy_lmao : lmao
[2016-06-17 04:26:10] jet : good thing it was $3, not $30,000
[2016-06-17 04:26:22] j8 : jet: the price trades lower before the funding payment, because if you buy you have to pay funding
[2016-06-17 04:27:09] NukeLaloosh : on rebalance, our Entry Price gets adjusted to Index, Price, which is last price at Kaiko. No more TWAP, yes?
[2016-06-17 04:27:26] messiaen8844 : https://www.youtube.com/watch?v=kdvTkddp1F0
[2016-06-17 04:27:30] jet : that's some twisted shit
[2016-06-17 04:27:32] j8 : NukeLaloosh: right
[2016-06-17 04:27:35] ayy_lmao : why dont they update the entry to reflect that
[2016-06-17 04:27:36] ayy_lmao : it always show the entry before rebalance
[2016-06-17 04:27:49] rapidtrades : funding was around $7 this time around so u paid that to the shorts @jet
[2016-06-17 04:28:17] jet : so basically this place is useless if you want to hold
[2016-06-17 04:28:25] rapidtrades : yes
[2016-06-17 04:28:39] ayy_lmao : this is only useful if u want to short for now
[2016-06-17 04:28:55] jet : funny how they advertise "low fees" and "no expiry"
[2016-06-17 04:28:57] ayy_lmao : but every shorter has got mc for the past 15 days lol
[2016-06-17 04:28:58] rapidtrades : u can still long here if u get in at the right time
[2016-06-17 04:29:05] ayy_lmao : so choose ur poison
[2016-06-17 04:29:15] rapidtrades : cos fees are only high if premium is high
[2016-06-17 04:29:17] REKT : Liquidated long on `XBTUSD`: Sell 692 @ 778.54
[2016-06-17 04:29:17] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 777.39
[2016-06-17 04:29:23] jet : eh, I'll rather go back to a more transparent platform at 10x leverage then
[2016-06-17 04:29:34] jet : thanks for the input guys, much appreciated
[2016-06-17 04:29:37] ayy_lmao : u just have to close before rebalance to not get rekt on funding
[2016-06-17 04:29:48] rapidtrades : but u have to manage the longs, not just holding
[2016-06-17 04:29:50] ayy_lmao : but that defeats the whole purpose of a 'perpetual' contract
[2016-06-17 04:30:02] jet : exactly
[2016-06-17 04:30:53] jet : I wanna drop in money, check back three days later and not be mc'd even though I made a good call based on the actual price movements
[2016-06-17 04:31:07] jet : so this is easily not for me
[2016-06-17 04:31:09] j8 : it's a floating rate contract, that's how it works. same happens if you borrow at at the flash return rate on bitfinex
[2016-06-17 04:31:20] j8 : it wouldn't be a big deal if rates were reasonable
[2016-06-17 04:31:27] ayy_lmao : ^
[2016-06-17 04:31:31] jet : agreed
[2016-06-17 04:31:45] j8 : they are high because people are willing to pay them
[2016-06-17 04:32:03] jet : but yeah, I joined at a bad time right before rebalance, which I didn't know about
[2016-06-17 04:32:13] jet : but my position was wiped out almost immediately, which is bs
[2016-06-17 04:32:21] rapidtrades : hey at least here u can long here unlike okc
[2016-06-17 04:32:35] jet : I can long 10x on simplefx
[2016-06-17 04:32:46] rapidtrades : k
[2016-06-17 04:32:58] jet : I'd like 50x, but eh, tradeoffs
[2016-06-17 04:35:00] rapidtrades : leverage that high comes with calwbacks so
[2016-06-17 04:35:16] messiaen8844 : jet: cryptofacilities also offer 50x
[2016-06-17 04:35:48] jet : thanks messia, I might give it a shot
[2016-06-17 04:35:57] elmorte : Y'all look good in purple
[2016-06-17 04:36:15] jet : I'm outta here. good luck guys, make the best of the bullmarket
[2016-06-17 04:37:02] rapidtrades : wtf we crashing
[2016-06-17 04:37:34] jet : doesn't change the fact it's a bullmarket
[2016-06-17 04:37:35] jet : yet
[2016-06-17 04:39:51] rapidtrades : i'd rather have a crash now before friday settlement
[2016-06-17 04:40:01] j8 : quarterly panicked and the rest followed
[2016-06-17 04:40:34] Patriarch : What's happening on Friday?
[2016-06-17 04:40:45] rapidtrades : i would panic too if I couldn't buy
[2016-06-17 04:41:11] rapidtrades : Patriarch: all longer-dated futures get marked to a new price...rebalance basically
[2016-06-17 04:41:18] j8 : well it's panic selling because you know no one else can buy.
[2016-06-17 04:41:31] Patriarch : Ahhh
[2016-06-17 04:41:32] rapidtrades : and that point is used to calculate any future DPE
[2016-06-17 04:41:55] Patriarch : With the bull market as is, it's very reminiscent of previous bubbles
[2016-06-17 04:42:04] Patriarch : Looks like it's still got a long way to go before the end of the bubble though
[2016-06-17 04:42:07] rapidtrades : it would suck to get marked at +1000 on sept....down 400 this week alone
[2016-06-17 04:42:41] j8 : that 6% DPE isn't pretty
[2016-06-17 04:43:00] rapidtrades : it's gonna be much worse ont the way down
[2016-06-17 04:44:03] j8 : yeah. i think i'm gonna take minimal positions on futures / swap after this week until the volatility calms down
[2016-06-17 04:44:08] Patriarch : Do you anticipate the bear to begin soon? Given the fundamentals, there's too much support for a bull as yet, aye?
[2016-06-17 04:45:50] rapidtrades : okc shenanigans worry me, could really sink this market temporarily
[2016-06-17 04:46:17] elmorte : they lift that cap on quarterly?
[2016-06-17 04:46:46] j8 : me too, it sucks that they can so easily put a stop to this rally
[2016-06-17 04:46:56] rapidtrades : still at $65 premium so unlikely @elmorte
[2016-06-17 04:46:58] j8 : elmorte: still there, people are selling under it though
[2016-06-17 04:47:14] elmorte : :/
[2016-06-17 04:47:30] j8 : why hold it if it can't go up
[2016-06-17 04:48:02] elmorte : that's really messed up...
[2016-06-17 04:48:18] j8 : probably a lot of the market doesn't even know, and are still gauging sentiment off it
[2016-06-17 04:50:25] rapidtrades : they have to be running some in house bots and they got stuck short during this rally
[2016-06-17 04:50:25] j8 : we can't do another leg up before settlement because that would mean new highs and probably big liquidations, which won't fill if it's capped.
[2016-06-17 04:50:44] sizzurp : is now the time to buy more'
[2016-06-17 04:51:23] j8 : rapidtrades: that's the most likely explanation
[2016-06-17 04:54:23] Mr.Coins : how is it that ETH has went up 3% yet my long from .02809 is in a 30% loss??
[2016-06-17 04:54:56] messiaen8844 : something fucked up ETH swaps, they now run with this huge premium
[2016-06-17 04:55:14] Mr.Coins : oh so p/l is based off of index price?
[2016-06-17 04:55:24] messiaen8844 : mark price
[2016-06-17 04:56:14] Mr.Coins : i see, but can i sell my position for .02899 and still make a profit?
[2016-06-17 04:56:22] Mr.Coins : or do i have to sell it at the mark price?
[2016-06-17 04:56:41] Mr.Coins : i've never traded on here before lol its a bit different from other futures
[2016-06-17 04:56:59] elmorte : Mr.Coins: use a limit order and set your price
[2016-06-17 04:57:15] j8 : mark price is just for unrealised pnl (and margin calls) your realised pnl only depends on the price you trade at
[2016-06-17 04:57:54] Mr.Coins : okay thanks guys
[2016-06-17 04:58:05] elmorte : 2891 seems to be the highest bid atm, so that's what you'd get
[2016-06-17 04:58:10] elmorte : 2897 now
[2016-06-17 04:58:21] Mr.Coins : cool
[2016-06-17 04:58:54] elmorte : And you can price somewhere in between the bid and ask if you don't want to pay the taker fee
[2016-06-17 04:59:02] elmorte : and wait until someone fills your order
[2016-06-17 05:00:07] messiaen8844 : people, beware of XBJ. You enter a position and then market maker removes all orders, it's an outright scam
[2016-06-17 05:00:18] rapidtrades : on biitfinex, will the 'close' button next to my position close everything at market
[2016-06-17 05:01:18] j8 : yeah, just don't press it twice
[2016-06-17 05:02:13] NukeLaloosh : @j8: can the rebalance take more than the margin assigned to that position?
[2016-06-17 05:02:55] j8 : rebalance doesn't take or give, it just moves unrealised pnl to realised
[2016-06-17 05:03:03] j8 : do you mean funding?
[2016-06-17 05:03:59] NukeLaloosh : no, i meant rebalance. Ok right, so it marks the position to Mark Price, which is the new Entry Price, keeps same Liquidation Price
[2016-06-17 05:05:39] j8 : same liquidation price but if you realised some profit, you can remove that and have a closer liquidation price
[2016-06-17 05:05:41] NukeLaloosh : but funding is separate, so total exposure could exceed original margin assigned. is that right?
[2016-06-17 05:06:02] NukeLaloosh : roger that
[2016-06-17 05:06:27] j8 : so two things happen at funding time. longs pay the rate for this session, and the mark price increases based on the rate for the next session
[2016-06-17 05:07:16] j8 : so if the next rate is the same, you pay the funding and have an equal unrealised profit, since the mark price is higher
[2016-06-17 05:08:14] NukeLaloosh : clear. thanks
[2016-06-17 05:09:11] j8 : the rate is only allowed to increase by 0.375%, which is less than the maintenance margin 0.5%, so you can't be liquidated from a single funding event
[2016-06-17 05:11:18] NukeLaloosh : what if you were < .875% margin
[2016-06-17 05:11:31] NukeLaloosh : the .375% takes you below .5%
[2016-06-17 05:11:56] j8 : if you're already close to being liquidated then yes.
[2016-06-17 05:12:18] NukeLaloosh : thanks
[2016-06-17 05:12:28] j8 : np
[2016-06-17 05:12:56] elmorte : The BitMEX calculator rounds up the PNL % to nearest integer...
[2016-06-17 05:13:27] elmorte : Any way to adjust that @Bitmex_Sam?
[2016-06-17 05:14:44] hi : which countries you acepting to btc
[2016-06-17 05:14:46] hi : ?
[2016-06-17 05:15:22] BitMEX_Wally : elmorte: I'll fix that
[2016-06-17 05:15:26] elmorte : hi: you should be OK
[2016-06-17 05:15:30] elmorte : BitMEX_Wally: cheers mate
[2016-06-17 05:16:01] hi : which countries you'e acepting to trade in your platform?
[2016-06-17 05:17:23] hi : BitMEX_Wally:which countries you'e acepting to trade in your platform?
[2016-06-17 05:18:16] elmorte : hi: Unless you're in the USA, I wouldn't worry
[2016-06-17 05:18:55] elmorte : or from the USA
[2016-06-17 05:19:46] hi : no i'm in china but i don't understand from which contries we can deposited
[2016-06-17 05:20:01] REKT : Liquidated long on `XBTUSD`: Sell 60 @ 769.12
[2016-06-17 05:21:12] laisee : hi: there is no fiat deposit, only Bitcoin
[2016-06-17 05:21:41] BitMEX_Wally : hi: Sometimes we incorrectly detect Chinese users as US, if this happened to you please email support@bitmex.com
[2016-06-17 05:23:46] BitMEX_Wally : messiaen8844: Liquidity on XBJ24H seems to have improved
[2016-06-17 05:24:55] messiaen8844 : it's not about improving.. it's about having 0 liquidity and trapping you, you guys should remove this contract
[2016-06-17 05:25:23] messiaen8844 : you can't have 100x doing that
[2016-06-17 05:25:47] REKT : Liquidated long on `XBTUSD`: Sell 12000 @ 767.58
[2016-06-17 05:26:07] REKT : Liquidated long on `XBTUSD`: Sell 146 @ 766.83
[2016-06-17 05:26:36] REKT : Liquidated long on `XBTUSD`: Sell 12500 @ 765.63
[2016-06-17 05:26:52] elmorte : BitMEX_Wally: how come all the usernames are uniform now? CCP orders?
[2016-06-17 05:27:17] REKT : :btc: :soon: :toilet:
[2016-06-17 05:27:17] REKT : Liquidated long on `XBTUSD`: Sell 8500 @ 764.57
[2016-06-17 05:27:32] BitMEX_Wally : elmorte: Not sure, I will ask Sam to fix
[2016-06-17 05:27:57] REKT : Liquidated long on `XBTUSD`: Sell 12000 @ 762.85
[2016-06-17 05:28:00] elmorte : Cheers..it's a bit livelier with color
[2016-06-17 05:28:07] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 761.21
[2016-06-17 05:28:07] REKT : Liquidated long on `XBTUSD`: Sell 1 @ 760.33 :punch: :whale:
[2016-06-17 05:28:26] REKT : Liquidated long on `XBTUSD`: Sell 252895 @ 759.02 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-17 05:28:32] REKT : Liquidated long on `XBTUSD`: Sell 2 @ 757.62 :punch: :whale:
[2016-06-17 05:28:32] REKT : Liquidated long on `XBTUSD`: Sell 20300 @ 757.76 **MEGA-REKT** :boom:
[2016-06-17 05:28:44] REKT : Liquidated long on `XBTUSD`: Sell 5000 @ 757.17
[2016-06-17 05:28:44] REKT : Liquidated long on `XBTUSD`: Sell 520 @ 755.31
[2016-06-17 05:28:44] REKT : Liquidated long on `XBTUSD`: Sell 500 @ 757.11
[2016-06-17 05:28:44] REKT : Liquidated long on `XBTUSD`: Sell 1400 @ 757.17
[2016-06-17 05:28:51] REKT : Liquidated long on `XBTUSD`: Sell 245 @ 754.10
[2016-06-17 05:29:04] arbitrage001 : man
[2016-06-17 05:29:14] arbitrage001 : is there going to be dpe
[2016-06-17 05:29:41] REKT : Liquidated long on `XBTUSD`: Sell 1200 @ 750.80
[2016-06-17 05:29:57] REKT : Liquidated long on `XBTUSD`: Sell 4000 @ 746.40
[2016-06-17 05:29:57] REKT : Liquidated long on `XBTUSD`: Sell 3400 @ 747.29
[2016-06-17 05:29:57] REKT : Liquidated long on `XBTUSD`: Sell 500 @ 746.50
[2016-06-17 05:30:11] elmorte : still no DPE...
[2016-06-17 05:30:16] Rado : Rapidtrades told you it's coming
[2016-06-17 05:30:17] REKT : Liquidated long on `XBTUSD`: Sell 155 @ 746.17
[2016-06-17 05:30:37] REKT : Liquidated long on `XBTUSD`: Sell 12500 @ 744.21
[2016-06-17 05:30:42] REKT : Liquidated long on `XBTM16`: Sell 2685 @ 783.99
[2016-06-17 05:31:03] REKT : Liquidated long on `XBTUSD`: Sell 5050 @ 741.71
[2016-06-17 05:31:03] REKT : Liquidated long on `XBTUSD`: Sell 986 @ 741.53
[2016-06-17 05:31:03] REKT : Liquidated long on `XBTUSD`: Sell 25 @ 740.85
[2016-06-17 05:31:03] REKT : Liquidated long on `XBTUSD`: Sell 3000 @ 742.33
[2016-06-17 05:31:03] REKT : Liquidated long on `XBTUSD`: Sell 20000 @ 742.04 **MEGA-REKT** :boom:
[2016-06-17 05:31:03] REKT : Liquidated long on `XBTUSD`: Sell 208 @ 741.89
[2016-06-17 05:31:17] REKT : Liquidated long on `XBTUSD`: Sell 9995 @ 736.06
[2016-06-17 05:31:23] elmorte : ugh....here we go
[2016-06-17 05:31:32] REKT : Liquidated long on `XBTUSD`: Sell 34125 @ 733.77 **MEGA-REKT** :boom:
[2016-06-17 05:31:42] arbitrage001 : the margin call engine works too slow
[2016-06-17 05:31:42] miramm1115 : thanks for clearing DPE on sept
[2016-06-17 05:32:12] rapidtrades : burn in hell okc
[2016-06-17 05:32:41] arbitrage001 : mark price is not aggressive enough to clear the book
[2016-06-17 05:32:44] NukeLaloosh : ethusd melting down
[2016-06-17 05:33:21] REKT : Liquidated short on `XBJ24H`: Buy 150 @ 76794.0
[2016-06-17 05:34:15] elmorte : whoever went long at 725, props
[2016-06-17 05:34:25] rapidtrades : surprising we didn't crash sooner with okc shenanigans
[2016-06-17 05:34:39] gustavo7 : okcoin?
[2016-06-17 05:34:52] gustavo7 : ah filter still there
[2016-06-17 05:35:51] elmorte : Got greedy, cancelled my profit taker :/
[2016-06-17 05:36:27] ayy_lmao : was too fast for me to execute an order down there
[2016-06-17 05:36:52] 1QaZxSw2 : sorry guys i had to dump 100k contracts just to get DPE donw
[2016-06-17 05:36:57] ayy_lmao : lol
[2016-06-17 05:36:58] Rado : Elmorte this time the bounce might not be the same as recent days
[2016-06-17 05:38:59] elmorte : Rado: I know...but 0.55btc in the bag woulda been nice
[2016-06-17 05:39:22] Rado : True
[2016-06-17 05:40:31] rapidtrades : indeed
[2016-06-17 05:40:58] elmorte : there's always funding...:/
[2016-06-17 05:41:14] rapidtrades : /o
[2016-06-17 05:41:30] elmorte : excuse me why I fill my coffee cup with man tears...
[2016-06-17 05:41:43] elmorte : while gdmnit
[2016-06-17 05:43:53] muf : Hello, anyone know bitmex using what exchange price as their market price?
[2016-06-17 05:44:31] elmorte : It's under contract details under your order controls
[2016-06-17 05:44:35] arbitrage001 : muf: https://www.kaiko.com/bitmex
[2016-06-17 05:44:45] aethlios : muf: kaiko index, an average of multiple exchanges
[2016-06-17 05:45:02] odieoh : So in the trade history, funding with a negative number was paid to me, not from me, correct?
[2016-06-17 05:45:12] rapidtrades : ya
[2016-06-17 05:45:17] odieoh : thx
[2016-06-17 05:45:39] arbitrage001 : looks like price stablize
[2016-06-17 05:45:51] elmorte : arbitrage001: yup...for now.
[2016-06-17 05:45:51] odieoh : And if you're long and you sell just before the funding hour, no funding fee?
[2016-06-17 05:45:58] elmorte : wth was that about anyway?
[2016-06-17 05:45:58] arbitrage001 : whale dump, price recover for another dump
[2016-06-17 05:46:12] elmorte : arbitrage001: yeah, sold my BitX longs
[2016-06-17 05:46:17] elmorte : before the news hit there...
[2016-06-17 05:46:32] arbitrage001 : elmorte: malaysian are pretty slow
[2016-06-17 05:46:38] Rado : What news
[2016-06-17 05:46:46] elmorte : Rado: the crash...
[2016-06-17 05:46:51] arbitrage001 : elmorte: and stupid ...
[2016-06-17 05:46:59] elmorte : There a considerable lag to get to Malaysian exchange
[2016-06-17 05:47:08] elmorte : so you can usually pre-empt it
[2016-06-17 05:47:12] arbitrage001 : elmorte: you heard the news the other day
[2016-06-17 05:47:20] arbitrage001 : 5 billions being scammed
[2016-06-17 05:47:22] elmorte : I did that with last night's pump and just now with the dump
[2016-06-17 05:47:29] arbitrage001 : people fall into ponzi