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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[2016-10-23 19:23:26] BitMEX_Sam : While it makes trading a bit confusing (traders see immediate negative UPL) it is still possible when last deviates significantly from mark
[2016-10-23 19:23:45] BitMEX_Sam : martinium: It is not possible at this time, I am working on a notification rework on the backend that should enable this
[2016-10-23 19:23:54] BitMEX_Sam : In the meantime I would suggest using cryptowatch or coinigy price alerts
[2016-10-23 19:37:59] martinium : BitMEX_Sam: are you one of the founders that used to work in HFT?
[2016-10-23 19:38:09] BitMEX_Sam : martinium: I am not.
[2016-10-23 19:38:52] martinium : BitMEX_Sam: ah but you built the trading platform
[2016-10-23 19:39:08] BitMEX_Sam : Yes, I built the frontend/API here at BitMEX
[2016-10-23 19:39:17] martinium : you did a great job
[2016-10-23 19:39:24] BitMEX_Sam : Thanks - appreciate that
[2016-10-23 19:39:28] martinium : this is the best interface I've used for web based trading
[2016-10-23 19:39:46] martinium : BitMEX_Sam: any plans to introduce OCO orders?
[2016-10-23 19:40:08] BitMEX_Sam : They're already available via API, but yes, this has been something on the list for the frontend for quite some time
[2016-10-23 19:40:28] BitMEX_Sam : We're in the middle of reworking the tables used for open orders, positions, etc., which will help with visually linking OCO orders
[2016-10-23 19:41:02] martinium : good to know that it is in the works
[2016-10-23 19:41:23] BitMEX_Sam : If you use the API, we have up to 15-deep OCO, OUO, OUOP and OTO orders via `clOrdLinkID`.
[2016-10-23 19:41:48] martinium : @BitMEX_Sam Market If Touched orders should also be added to web interface
[2016-10-23 19:42:22] martinium : BitMEX_Sam: sounds like mainly building API first which will then be added to web interface
[2016-10-23 19:42:26] martinium : both good
[2016-10-23 19:42:29] BitMEX_Sam : Yes, I agree - I am considering how to add significantly more power to the interface without complicating it
[2016-10-23 19:42:29] martinium : :-p
[2016-10-23 19:42:45] BitMEX_Sam : In general features make it to the API well before they make it to the frontend, due to the many complications of UI/UX and browser compatibility
[2016-10-23 19:42:52] martinium : BitMEX_Sam: yeah thats definitely a challenge
[2016-10-23 19:43:02] BitMEX_Sam : And limited resources here, although we've brought on another full-time frontend dev.
[2016-10-23 19:43:20] aethlios : BitMEX_Sam: Hi, a fill or kill to the interface could attract a battle between big players and increase volume.
[2016-10-23 19:43:26] martinium : what is this front end coded in? JS, php?
[2016-10-23 19:43:35] BitMEX_Sam : martinium: ReactJS with a few custom layers
[2016-10-23 19:43:48] BitMEX_Sam : Webservers are Node but the trading engine is kdb+/q (we keep all math far away from JS)
[2016-10-23 19:44:00] BitMEX_Sam : aethlios: Good suggestion, we already have a few execInsts exposed
[2016-10-23 19:44:32] martinium : BitMEX_Sam: you guys have your tech done right and it shows in the site performance. As volume increases this will become many traders preferred place to trade
[2016-10-23 19:44:35] BitMEX_Sam : TIF could be a nice dropdown.
[2016-10-23 19:44:55] BitMEX_Sam : martinium: Thanks, we spent quite a bit of time with it, learning from what we saw in the other exchanges we traded on prior to 2014
[2016-10-23 19:45:43] martinium : previously finex was good but their hack eroded confidence with their lack security. I like your security model here
[2016-10-23 19:45:59] martinium : interface is substantially better as well
[2016-10-23 19:46:33] BitMEX_Sam : Glad you like it. We're going for more of a Bloomberg Terminal-esque look rather than simplicity, although we hear requests for more of the latter
[2016-10-23 19:46:41] martinium : I am on a UHD 4k monitor and I can see everything I need thanks to your hard work @BitMEX_Sam
[2016-10-23 19:46:47] BitMEX_Sam : We'll be re-simplifying the "Simple" interface in the near future
[2016-10-23 19:47:01] martinium : BitMEX_Sam: I mainly use the "advanced interface"
[2016-10-23 19:47:06] BitMEX_Sam : Yeah my favorite part, especially on large monitors, is the ability to resize the widgets.
[2016-10-23 19:47:19] BitMEX_Sam : I open-sourced that component - https://github.com/STRML/react-grid-layout
[2016-10-23 19:47:21] martinium : BitMEX_Sam: whatever changes you make don't ever sacrifice performance for eye-candy
[2016-10-23 19:47:40] martinium : BitMEX_Sam: yeah I resized and that was a godsend
[2016-10-23 19:47:48] BitMEX_Sam : Performance is always getting better, I profile the site weekly for slow fns / deopt
[2016-10-23 19:48:11] BitMEX_Sam : It could be better on mobile for certain, but our primary focus is desktop of course.
[2016-10-23 19:48:45] martinium : BitMEX_Sam: yeah are there any plans to port to iOS/android? A native app would be excellent if it becomes similar to the thinkorswim mobile app
[2016-10-23 19:49:02] BitMEX_Sam : We're thinking React Native, since we could reuse about 70% of the existing application
[2016-10-23 19:49:05] martinium : that's the benchmark for a great mobile trading application
[2016-10-23 19:49:12] BitMEX_Sam : I'll check it out, haven't used thinkorswim
[2016-10-23 19:49:24] martinium : BitMEX_Sam: their mobile app is the best
[2016-10-23 19:49:27] martinium : period
[2016-10-23 19:49:29] martinium : and its free
[2016-10-23 19:49:46] martinium : they do PFOF so I guess thats why they offer it for free
[2016-10-23 19:50:14] BitMEX_Sam : Great - I'll check it out, I've added a link to it to our mobile app milestone
[2016-10-23 19:50:54] martinium : BitMEX_Sam: does react native add much overhead? Being able to use most existing code would be awesome as long as it will enable the app to be almost as or as performant
[2016-10-23 19:51:31] BitMEX_Sam : It doesn't involve much overhead, no - there's the JS runtime layer for the data logic but that's generally a minor portion of actual runtime cost
[2016-10-23 19:53:12] martinium : BitMEX_Sam: nice
[2016-10-23 20:12:35] mjones : hmmm
[2016-10-23 20:12:42] mjones : LTC looking interesting
[2016-10-23 21:12:10] Tetsuo : i am a chickun believer! 70% of my profits in the last 3 months were used to buy LTC!
[2016-10-23 21:22:25] mjones : it looks ready to pop on the BTC and LTC chart. which one will go higher...
[2016-10-23 21:56:15] Velancry : mjones: i have my doubts about that
[2016-10-23 22:00:29] Rado : Tetsuo: you are just delusional, that's all
[2016-10-23 22:00:50] Rado : ?
[2016-10-23 23:03:31] rapidtrades : tonight's PBOC fix will be interesting
[2016-10-23 23:07:34] Rado : rapidtrades: when is it?
[2016-10-23 23:18:23] rapidtrades : 3:15 CET
[2016-10-23 23:33:44] rapidtrades : nice....u can amend orders now
[2016-10-23 23:34:06] rapidtrades : little late but better then never :)
[2016-10-23 23:36:35] BitMEX_Sam : In testing I found it to be very convenient.
[2016-10-23 23:36:51] rapidtrades : def saves some time
[2016-10-23 23:44:56] martinium : BitMEX_Sam: you are the man. That was on my list of wishes for this UI GJ
[2016-10-23 23:45:18] BitMEX_Sam : :+1:
[2016-10-24 00:08:02] billyboy402 : BitMEX_Sam: is there any way to get further history of funding cost ?
[2016-10-24 00:08:27] BitMEX_Sam : billyboy402: You can filter the table we show at https://www.bitmex.com/app/fundingHistory
[2016-10-24 00:08:35] BitMEX_Sam : Do you need more results than that? If so you can get it from the API
[2016-10-24 00:08:51] BitMEX_Sam : See https://www.bitmex.com/api/explorer/#!/Funding/Funding_get
[2016-10-24 00:09:02] billyboy402 : BitMEX_Sam: also ., why does bitmex remove the charts ( and add a QR code ) for depost when you widraw all ur fund
[2016-10-24 00:09:33] BitMEX_Sam : Ah that's intended to be a new user introduction. It shouldn't show if you've deposited before
[2016-10-24 00:09:35] BitMEX_Sam : I'll correct that.
[2016-10-24 00:10:51] billyboy402 : nar , I withdraw last night , and was going to look at the charts now but cant see it .
[2016-10-24 00:10:54] BitMEX_Sam : billyboy402: For now you can work around it by switching to the advanced layout (click your username at the top right).
[2016-10-24 00:11:26] billyboy402 : @BitMEX_Sam ok cool thanks
[2016-10-24 00:12:43] billyboy402 : Since Bitfinex hack , if i am not in a trade on exchance exchange I withdraw all coin . and you guys only take 1 conformation , so if i want to open an trade it only ~15 min to get BTC online and open a trade
[2016-10-24 00:14:10] billyboy402 : BitMEX_Sam: love the custom UI layout , so simple and easy
[2016-10-24 00:14:22] BitMEX_Sam : :+1: Glad you like it
[2016-10-24 00:16:24] billyboy402 : is there a table you can add for funnding cost of all coin
[2016-10-24 00:17:15] billyboy402 : also can you remove a table like MARGIN . i never use my account margin
[2016-10-24 00:18:02] dasdfasdf : column?
[2016-10-24 00:18:26] billyboy402 : dasdfasdf: no like a table / box
[2016-10-24 00:18:55] dasdfasdf : Drag to bottom?
[2016-10-24 00:19:13] billyboy402 : yea that what a did , put it down the bottom and made is smaller
[2016-10-24 01:20:50] rapidtrades : People’s Bank of China sets yuan reference rate at 6.7690 (vs. Friday at 6.7558)
[2016-10-24 02:07:44] martinium : Someone decided to sell quite a bit with the announcement
[2016-10-24 03:11:04] Rado : back to boring trading
[2016-10-24 03:13:06] jose : dont trade, just take the funding ;)
[2016-10-24 03:27:00] billyboy402 : jose: shhhhh
[2016-10-24 05:06:09] omicron : actually, im guessing some bitmex folks may be doing just that: eat the funding.
[2016-10-24 05:06:32] omicron : i think a bunch of bitfinexers were eating funding there too and got raped in the hack
[2016-10-24 05:10:58] jose : exactly 50% of bitmexers are eating the funding ;)
[2016-10-24 05:16:35] chromaticcr1 : nah, perhaps we got 1 big smartass over here opening all the short and making it rain
[2016-10-24 05:16:55] chromaticcr1 : opening all the long*
[2016-10-24 05:29:04] jose : Is funding rate capped to 0.375% on XBTUSD ?
[2016-10-24 05:32:30] Velancry : Anybody ready for the dump? Prepare your shorts
[2016-10-24 05:35:34] lockhedge : jose: yes, it's capped to `(Initial Margin - Maintenance Margin) * 0.75`
[2016-10-24 05:35:53] aethlios : jose: yes per 8hours, because leverage is back to x100 now.
[2016-10-24 05:36:31] jose : bad news for me xD
[2016-10-24 05:37:38] miramm1115 : 410% annual not enough?
[2016-10-24 05:38:03] jose : you forgot the leverage ;)
[2016-10-24 05:40:07] jose : in fact, you just need 3 BTC, you open 300 BTC short, and boom, you earn 1 free BTC
[2016-10-24 05:53:02] REKT : Liquidated short on `XBJ24H`: Buy 350 @ 68511
[2016-10-24 07:12:05] rapidtrades : why is BTC swap funding stuck at 0.375%
[2016-10-24 07:13:16] Kalman : https://www.bitmex.com/app/swapsGuide#Funding-Rate-Caps
[2016-10-24 07:19:43] Boontjie : is the maintenance margin on btc not lower now?
[2016-10-24 07:19:53] Boontjie : Initial*
[2016-10-24 07:20:41] Boontjie : 0.5*0.75
[2016-10-24 07:28:04] BitMEX_Arthur : Boontjie: the maintenance margin on `XBTUSD` has not changed, but the initial margin was lowered to 1%
[2016-10-24 08:18:27] omicron : seriously? if you short 100x with 3 btc, you get 1 BTC? This is better than "Lara with me"
[2016-10-24 08:19:03] omicron : doesnt make sense. i thought funding rate is .37% or so
[2016-10-24 08:19:58] omicron : cant see how any long can make any money here if that is true, every one should be shorting
[2016-10-24 08:20:22] Kalman : omicron: let them hear you ;)
[2016-10-24 08:21:56] omicron : can someone from bitmex confirm that the funding rate is leverage weighted?
[2016-10-24 08:22:11] omicron : fellow bitmexicans want to know
[2016-10-24 08:23:02] BitMEX_Arthur : omicron: It is not, let me get the link to the swaps guide for you
[2016-10-24 08:23:03] BitMEX_Arthur : explains everything
[2016-10-24 08:23:15] BitMEX_Arthur : https://www.bitmex.com/app/swapsGuide
[2016-10-24 08:23:19] Boontjie : https://www.bitmex.com/app/swapsGuide#Funding-Rate-Caps
[2016-10-24 08:23:29] Boontjie : That portion of it
[2016-10-24 08:23:39] omicron : BitMEX_Arthur: thanks. i panicked for a bit there
[2016-10-24 08:24:29] Boontjie : omicron: Still if you short 100x with 3 btc you will get 1 btc
[2016-10-24 08:24:42] Boontjie : The bots will move up the price after funding though
[2016-10-24 08:24:47] omicron : Boontjie: are you fvcking with me?
[2016-10-24 08:25:08] omicron : if all of us can get 1 btc for shorting 3 btc, then why isnt everyone doing it
[2016-10-24 08:25:08] Boontjie : No, 100x .375% = 37.5% of your capital
[2016-10-24 08:25:35] Boontjie : omicron: The bots will move up the price, you will be in 1 btc loss right after funding
[2016-10-24 08:25:57] jose : too risky, I have done it in august, i thought my heart will explode
[2016-10-24 08:26:31] omicron : so i can close my short right after funding and just before the bots move it in an HFT style trade?
[2016-10-24 08:26:47] omicron : assuming i somehow colocate with bitmex that is
[2016-10-24 08:26:51] Boontjie : if you believe you are faster than a computer then yes
[2016-10-24 08:27:15] omicron : no shit, i will get a computer to do it but i need colocation at bitmex subnet
[2016-10-24 08:27:25] jose : good luck, i wiil be here to catch your 300 BTC worth liquidation
[2016-10-24 08:27:28] omicron : heck. if they are reading this trollbox, they have already done it
[2016-10-24 08:27:30] Boontjie : oh to reduce latency to 0 lol
[2016-10-24 08:28:02] Boontjie : jose makes a good point, you are gambling with closing out 3 btc for 1 btc potentially
[2016-10-24 08:28:10] jose : and have a spread at 0 and infinite volatility
[2016-10-24 08:28:14] Boontjie : Go to vegas and bet it on black, you have better odds :)
[2016-10-24 08:28:47] omicron : if im going to vegas, im gonna need to use some of bitmex hookers and blow fund, if it still exists
[2016-10-24 08:29:33] omicron : amazon at London, eh? ya, i think i can get something on that subnet
[2016-10-24 08:29:57] omicron : shit btc looks like its reversing the entire move
[2016-10-24 08:30:03] jose : try it next funding, and you will think crack is a soft drug
[2016-10-24 08:30:39] omicron : how about 50x? then the bots wont get me right? i make 0.5 btc for 3 btc
[2016-10-24 08:30:51] Boontjie : jose: is there some way to follow I am cracking up right now
[2016-10-24 08:31:05] Boontjie : omicron: You are betting the market stays flat
[2016-10-24 08:31:16] Boontjie : The premium goes to 0 by next funding time
[2016-10-24 08:31:25] omicron : right of course. but im getting in at 1s before funding
[2016-10-24 08:31:35] Boontjie : the best time
[2016-10-24 08:31:48] jose : ever better, the last 2 funding, the market gone down, could have won a lot of money ! (or loose it all, ofc)
[2016-10-24 08:31:48] Boontjie : Its better to do this on decreasing funding levels
[2016-10-24 08:31:51] omicron : i submit the order 1s before funding, get my .5 btc, close out 1s later
[2016-10-24 08:32:06] Boontjie : You get the benefit of a larger funding for a smaller jump in premium
[2016-10-24 08:32:16] jose : the premium begin to reduce 1h before funding
[2016-10-24 08:32:26] jose : so you need to open at least 1h before
[2016-10-24 08:32:34] Boontjie : jose: the jump is based on predicted funding
[2016-10-24 08:32:40] omicron : ya, i knew there was a catch
[2016-10-24 08:32:53] omicron : otherwise someone would have figured out how to drain money out of this sucker
[2016-10-24 08:33:00] Boontjie : So even if it drops from 0.3 to 0.2, if predicted is at 0.1 then the jump will be based on the 0.1
[2016-10-24 08:33:29] Boontjie : omicron: I have, one problem is liquidity, do you have any idea how large 300 btc is
[2016-10-24 08:33:51] omicron : ya, its large but i only need 3 btc right
[2016-10-24 08:34:01] jose : really big 15% of daily liquidity
[2016-10-24 08:34:02] Boontjie : The market needs 300
[2016-10-24 08:34:26] omicron : right. there is not much at spread
[2016-10-24 08:38:14] hh : Why does BTC swap trading at premium? Any idea? Doesn't long position bleeding lots of interests?
[2016-10-24 08:38:50] Kalman : hh: more buyers than sellers & limitation to arbitrage ...
[2016-10-24 08:39:09] Kalman : *limitations
[2016-10-24 08:39:40] jose : what do you mean by limitation to arbitrage ?
[2016-10-24 08:40:47] Kalman : jose: If you do not have funds to buy spot your future sell will be a naked short
[2016-10-24 08:41:36] Kalman : for example
[2016-10-24 08:41:41] jose : you mean market makers already have their pockets full ?
[2016-10-24 08:42:47] Kalman : market makers aren't necessarily arbitrators
[2016-10-24 09:24:12] kumarz : omicron: re:funding, yes, case in point: I made practically nothing on the entire move from 620-660 on a +21kcontract position. Funding destroyed everything. Now on a tiny short position, I'm killing it lol.
[2016-10-24 09:30:22] habibi : and u will do nothing in every bull run if u will keep position probally
[2016-10-24 09:51:06] wurstgelee : come on baby, go down for daddy
[2016-10-24 09:51:08] wurstgelee : ;)
[2016-10-24 09:56:46] billyboy402 : wurstgelee: that disgusting she only a miner
[2016-10-24 10:12:19] zanza : shorting is basically the finex equivalent of lending
[2016-10-24 10:47:21] REKT : Liquidated long on `XBJ7D`: Sell 1666 @ 68449
[2016-10-24 10:47:32] REKT : Liquidated long on `XBJ7D`: Sell 25001 @ 67849
[2016-10-24 10:47:32] REKT : Liquidated long on `XBJ7D`: Sell 11 @ 68119
[2016-10-24 10:47:35] REKT : Liquidated long on `XBJ7D`: Sell 16000 @ 66885
[2016-10-24 10:47:49] Dann : wat how
[2016-10-24 10:48:42] mjones : Wtf
[2016-10-24 10:48:56] mjones : Damn yen margin called me
[2016-10-24 10:49:32] mjones : Pissed i lost hundreds
[2016-10-24 10:50:03] Dann : weird how did that happen :(
[2016-10-24 10:50:08] Dann : like btc didnt even dump
[2016-10-24 10:50:51] mjones : Quoine dumped hard for Some reason
[2016-10-24 10:52:10] Dann : i see it now... brutal
[2016-10-24 10:52:30] mjones : That's going to make me not want to trade here anymore
[2016-10-24 10:54:13] habibi : hehe power of unliquid japanese exchange, use to act like that in past few times
[2016-10-24 10:54:45] Dann : why trade on yen over usd?
[2016-10-24 10:55:05] mjones : My margin call was 3000 Yen away
[2016-10-24 10:59:10] mjones : And i was up over 300%. How was i suppose to protect myself
[2016-10-24 10:59:40] Dann : damn thats bs :(
[2016-10-24 10:59:41] mjones : I liked the no funding
[2016-10-24 11:00:02] habibi : magic! :D get use to
[2016-10-24 11:00:35] mjones : I'll have no money left if i get used to it
[2016-10-24 11:00:36] BitMEX_Arthur : I just spoke with Quoine and they told me it was a fat finger
[2016-10-24 11:01:22] habibi : BitMEX_Arthur: funny we have kinda same volume on 1h candle the previous ones
[2016-10-24 11:04:42] mjones : So i won't get my position or any money back from Bitmex due to you using 1 price to control the mark price that determines liquidations
[2016-10-24 11:05:41] BitMEX_Arthur : mjones: That is how the contract is structured, we take the Quoine XBT/JPY price
[2016-10-24 11:06:35] mjones : Well should add a warning that 50x and 100x can be margin called at anytime
[2016-10-24 11:06:56] wurstgelee : BitMEX_Arthur: out of curiosity, why dont u use some small interval TWAP price if theres only one exchange as index price?
[2016-10-24 11:07:13] wurstgelee : ouwld give a little protection against such fatfingers
[2016-10-24 11:07:16] wurstgelee : *would
[2016-10-24 11:08:48] BitMEX_Arthur : wurstgelee: Bitcoin and other coins are very volatile any delay in margin calling people could be the difference between closing out a liquidation order quickly and ADL
[2016-10-24 11:08:50] mjones : If bitfinex falls 20% everyone on here doesn't get margin called
[2016-10-24 11:08:59] BitMEX_Arthur : Bitfinex is not in the index
[2016-10-24 11:35:29] rapidtrades : wait a min
[2016-10-24 11:35:58] rapidtrades : i see a spike to 682 yday...like wtf happened
[2016-10-24 11:36:34] RocketScience : someone bought all the way up because it seemed like btc will explode in china
[2016-10-24 11:36:50] RocketScience : but bitstamp didn't bother to move an inch
[2016-10-24 11:41:03] rapidtrades : god damit....i gotta make a bot
[2016-10-24 11:41:27] sleger : heard you say the same in 2014
[2016-10-24 11:42:27] rapidtrades : actually u didn't know me before last year
[2016-10-24 11:46:10] sleger : time flies with you
[2016-10-24 11:46:46] jose : rapidtrades: you dont have any bot ?
[2016-10-24 11:47:51] Kalman : no bot no bugs no problems ;)
[2016-10-24 11:48:12] Kalman : but a law degree
[2016-10-24 11:48:57] sleger : who has a law degree ?
[2016-10-24 11:49:15] jose : engineering degree, but any idea about law
[2016-10-24 11:49:18] Kalman : wasn't rapid!?
[2016-10-24 11:50:06] sleger : lol
[2016-10-24 11:50:24] sleger : the degrees that come in the same box when you buy some toy ?
[2016-10-24 11:55:04] rapidtrades : another surgery?
[2016-10-24 12:01:03] REKT : Liquidated long on `XBTUSD`: Sell 1201 @ 649.26
[2016-10-24 12:06:11] Boontjie : why is the long getting rekt after funding
[2016-10-24 12:06:18] Boontjie : the price went up wtf
[2016-10-24 12:06:42] billyboy402 : yea i saw that the BTC pice , i think there keeping up so shorter earn money
[2016-10-24 12:06:59] RocketScience : maybe he was 100x and funding took big % of his margin money
[2016-10-24 12:07:34] Boontjie : still, I think the system has some lag problems. The funding rate should increase mark by how much he paid
[2016-10-24 12:07:36] RocketScience : 100x leverage * 0.375= 37,5% of margin if you have 100x lev
[2016-10-24 12:08:03] laisee : that seems like a bad bet ...
[2016-10-24 12:08:05] Boontjie : RocketScience: Sure but mark should be 0.375% higher
[2016-10-24 12:08:22] Boontjie : So you would be up the amount you paid
[2016-10-24 12:08:33] Boontjie : Something is wrong here
[2016-10-24 12:08:35] RocketScience : 647.6 -> 650 right now
[2016-10-24 12:09:13] Boontjie : If you were 100 times 1 bitcon. You would have paid 0.375
[2016-10-24 12:09:52] Boontjie : ah mark is 650/647.6 = 0.3705
[2016-10-24 12:10:10] Boontjie : So it is slightly lower than payment. Liquidated on the edge
[2016-10-24 12:10:37] RocketScience : the yen thing was really bad...i lost 11 contracts tho
[2016-10-24 12:10:52] RocketScience : wanted to go all in like 10 min before that fall to 67000
[2016-10-24 12:11:15] RocketScience : we should have chinese yuan futures based on okcoin/huobi
[2016-10-24 12:11:31] Boontjie : yeah, more index
[2016-10-24 12:12:15] RocketScience : bitstamp is a turtle following price
[2016-10-24 12:12:30] Hede : I got liquidared too even though price started to go up =o
[2016-10-24 12:12:42] laisee : think I will hold on to these ZEC until someone pries them from my cold, dead hands ...
[2016-10-24 12:14:36] Hede : Seems like these futures arent tradeable.. dont follow the price correctly
[2016-10-24 12:14:37] rapidtrades : i still don't get it...is funding for BTC capped at 0.375%
[2016-10-24 12:15:11] aethlios : rapidtrades: because leverage returned to x100
[2016-10-24 12:15:13] RocketScience : yes it is
[2016-10-24 12:15:29] Boontjie : rapidtrades: Yes, equation is (1% - 0.5%) * 0.75
[2016-10-24 12:15:48] rapidtrades : cool tnx
[2016-10-24 12:15:51] Boontjie : Previously (2% - 0.%) * 0.75
[2016-10-24 12:17:01] rapidtrades : weird...so max down from 1.5% to 0.375%
[2016-10-24 12:17:08] rapidtrades : quite a bit change
[2016-10-24 12:17:25] Boontjie : 1.125% to 0.375%
[2016-10-24 12:17:32] rapidtrades : NO
[2016-10-24 12:18:23] rapidtrades : Boontjie: u posted the equation? Previously (2% - 0.%) * 0.75
[2016-10-24 12:18:46] Boontjie : I missed the 0.5%
[2016-10-24 12:19:05] rapidtrades : ok...1.125% seems familiar so ur prolly right
[2016-10-24 12:19:35] Boontjie : Its a shame, now I cant gamble 1 btc to make 0.5 anymore
[2016-10-24 12:25:26] justinlooking : GREEN SELLS AND RED BUYS IS FIXED!!!!!!!
[2016-10-24 12:25:29] justinlooking : <3 u bitmex!!!
[2016-10-24 12:49:06] rapidtrades : man im so bored
[2016-10-24 12:50:44] laisee : wait till trump wins
[2016-10-24 12:51:21] rapidtrades : :)
[2016-10-24 12:51:37] laisee : 1st hing he will do is offer free visas to attractive russian ladies.
[2016-10-24 12:52:09] laisee : ... as his major foreign policy
[2016-10-24 13:03:20] messiaen8844 : woah
[2016-10-24 13:03:26] messiaen8844 : bullshit liquidations
[2016-10-24 13:03:35] messiaen8844 : how come my december futures got liquidated?
[2016-10-24 13:04:11] sleger : the MM needed more pnl
[2016-10-24 13:04:22] messiaen8844 : why couldn't mex just listen to users and have BTCUSD futures instead
[2016-10-24 13:04:39] messiaen8844 : not the first time very sudden movements in btcjpy
[2016-10-24 13:05:43] sleger : is there lot of liquidity on quoine ?
[2016-10-24 13:05:54] mjones : no
[2016-10-24 13:06:19] mjones : 80 BTC sold knocked it down 3%
[2016-10-24 13:07:28] mjones : actually i dont know how much was sold
[2016-10-24 13:07:49] sleger : there is probably more liquidity here, then easy to manipulate, sell a lot slowly here against the MM, then sell 100 on quoine, buy back here then on quoine and should profit
[2016-10-24 13:08:24] mjones : my margin call price was 66000. then i added to my long and it was 66855. price was 69000 and a second later i was margin called.
[2016-10-24 13:10:24] messiaen8844 : This is getting worse than the woodchipper
[2016-10-24 13:10:55] messiaen8844 : as least whipsaws there are more legitimate
[2016-10-24 13:11:05] sleger : well obviously the futures are in jpy, how could it be better ??
[2016-10-24 13:13:21] Boontjie : There is less liquidity here 73 btc would clear out the bidbook
[2016-10-24 13:14:04] sleger : i see 70btc on bid on 7D within 3$
[2016-10-24 13:14:58] sleger : like trump would say : "wrong"
[2016-10-24 13:15:01] mjones : if i never added to my long before bed i would have been okay. oh well. guess i cant trade XBJ any more. and XBT funding is insane
[2016-10-24 13:15:11] mjones : alts are not moving
[2016-10-24 13:16:03] messiaen8844 : XBT is great for shorting only, XBJ was apparently good for long, but not with those bullshit moves
[2016-10-24 13:16:30] messiaen8844 : cmon bitmex, LISTEN TO WHAT YOUR TROLLBOX HAS BEEN SAYING FOR MONTHS
[2016-10-24 13:16:37] messiaen8844 : BRING XBTUSD FUTURES BACK, NOT THIS JPY CRAP
[2016-10-24 13:16:38] mjones : cant believe it just barely went low enough to margin call me
[2016-10-24 13:16:50] sleger : mjones: coincidence ?
[2016-10-24 13:17:11] Boontjie : the blowfund needs money :)
[2016-10-24 13:17:13] mjones : should have added some BTC to lower my liquidation price
[2016-10-24 13:17:35] mjones : i gotta shower and get ready for work since i'm not going to retire 100x longing anything here
[2016-10-24 13:19:32] sleger : if there is a bull run i feel like there are going to be serious issues with the XBT swap on limited funding
[2016-10-24 13:19:47] messiaen8844 : time to look at the other 50x alternatives out there
[2016-10-24 13:21:09] messiaen8844 : XBT is a great contract for shorting the overextended bull momentum, dangerous to long without a fixed funding rate
[2016-10-24 13:21:22] sleger : BitMEX_Arthur: if there is a large premium building up on xbt, now that funding is capped so low, how are you going to maintain the price in check with the index ?
[2016-10-24 13:21:23] Boontjie : messiaen8844: let us know what you find
[2016-10-24 13:21:49] messiaen8844 : there is one competitor boontjie, but last time I checked liquidity was crap too
[2016-10-24 13:22:48] martinium : jesus why is the funding rate so insane??
[2016-10-24 13:23:38] martinium : no incentive to use leverage unless one is 100% sure of move coming due to funding eating away every 8 hours
[2016-10-24 13:23:49] martinium : funding fees*
[2016-10-24 13:24:53] sleger : messiaen8844: f in 7th letter of the name ?
[2016-10-24 13:25:08] messiaen8844 : yes
[2016-10-24 13:25:30] martinium : the index xbtusd is using only has two exchanges OKCoin and Bitstamp
[2016-10-24 13:25:37] martinium : they need to add coinbase in there
[2016-10-24 13:26:12] messiaen8844 : I think stamp is fine, maybe btc-e also
[2016-10-24 13:26:22] messiaen8844 : coinbase has issues with fats fingers and low liquidity
[2016-10-24 13:26:27] martinium : they need more exchanges otherwise the index isn't really an index
[2016-10-24 13:26:39] martinium : coinbase has more liquidity nowadays
[2016-10-24 13:26:43] martinium : more than bitstamp
[2016-10-24 13:26:53] martinium : at least for BTCUSD
[2016-10-24 13:28:15] messiaen8844 : http://coinmarketcap.com/exchanges/volume/24-hour/
[2016-10-24 13:43:16] rapidtrades : messiaen8844: what happened on futures? ADLed?
[2016-10-24 13:43:30] messiaen8844 : BitMEXed
[2016-10-24 13:45:34] rapidtrades : i hate those yen futures
[2016-10-24 13:46:59] BTCDJS : rapidtrades: hey buddy can you do me a favour please?
[2016-10-24 13:52:56] rapidtrades : BTCDJS: .....I'm skeptical but listening
[2016-10-24 13:54:13] BTCDJS : rapidtrades: Look at the STARTcoin chart for me and give me your opinion
[2016-10-24 13:54:40] rapidtrades : BTCDJS: what exchange
[2016-10-24 13:54:49] BTCDJS : rapidtrades: Bittrex
[2016-10-24 13:55:05] BTCDJS : Start/BTC @rapidtrades
[2016-10-24 14:00:25] rapidtrades : doesn't look bad, daily up, weekly mixed, monthly down
[2016-10-24 14:00:41] rapidtrades : if this was a chart of bitcoin i would be long
[2016-10-24 14:01:06] rapidtrades : but i dunno how this shit moves :)
[2016-10-24 14:01:15] BTCDJS : rapidtrades: thanks. been long since 0.000018
[2016-10-24 14:01:27] BTCDJS : but i closed at 31
[2016-10-24 14:02:11] rapidtrades : yeah i remember that
[2016-10-24 14:02:14] BTCDJS : MA and EMA set at 30 and 13 respectively says down before up
[2016-10-24 14:02:34] rapidtrades : u got lucky it bounced :)
[2016-10-24 14:03:04] rapidtrades : how long did u hold it 1,2 years?
[2016-10-24 14:03:33] BTCDJS : tested that level a couple times. but I'm out. Just wanted your opinion before I buy back in
[2016-10-24 14:03:46] BTCDJS : no I got out and bought at 18 recently
[2016-10-24 14:04:47] BTCDJS : got a cloud set up as well and it bounced in the cloud
[2016-10-24 14:04:58] rapidtrades : ah the cloud
[2016-10-24 14:05:20] rapidtrades : how about the moon? did it align with the stars?
[2016-10-24 14:05:21] BTCDJS : waiting for MA and EMA to cross again bull before I buy back
[2016-10-24 14:05:33] BTCDJS : rapidtrades: funny cunt
[2016-10-24 14:05:44] BTCDJS : C*nt
[2016-10-24 14:05:54] BTCDJS : figure of speech
[2016-10-24 14:06:13] rapidtrades : :)
[2016-10-24 14:28:45] mjones : bitmex should give me some of that insurance fund for not factoring fat finger trades into their xbj futures
[2016-10-24 14:29:14] mjones : i have a bunch of alarms set so i could close in profit if BTC started tanking. i should have at least .7 BTC instead of none
[2016-10-24 14:29:33] mjones : app checks the price every 5 seconds
[2016-10-24 14:30:20] RocketScience : http://prntscr.com/cybl8v
[2016-10-24 14:30:24] habibi : nope, u should have 0, as u didnt realized any profit and provide enough collateral for extraordinary moves
[2016-10-24 14:30:32] RocketScience : drop to 67000 happened again
[2016-10-24 14:31:01] RocketScience : Quoine orderbook is flatland for now, don't trade long
[2016-10-24 14:34:25] RocketScience : first drop was to 67000 but it cant be seen anymore...terrible
[2016-10-24 14:41:17] Samirum : whats wrong with bitmex
[2016-10-24 14:43:40] Samirum : closed long position that i open 5hrs ago @648.4 and now closed it @648.7 and imagine i went with -0.0631 relialised
[2016-10-24 14:45:06] RocketScience : fees
[2016-10-24 14:45:25] RocketScience : 0.075% x 100x leverage=7,5% ;)
[2016-10-24 14:45:49] sleger : RocketScience: wrong
[2016-10-24 14:48:58] martinium : RocketScience: the fee is actually 0.0075% of 1%
[2016-10-24 14:49:29] martinium : so if you have a 100 btc position the cost would be 0.75 BTC
[2016-10-24 14:49:52] martinium : 7.5% would be ridiculous
[2016-10-24 14:50:10] sleger : martinium: wrong
[2016-10-24 14:50:32] martinium : so you are saying a 100btc position would have a 7.5% fee aka 7.5 btc fee??
[2016-10-24 14:50:34] martinium : you are wrong
[2016-10-24 14:50:47] sleger : martinium: no i did not say that
[2016-10-24 14:51:05] martinium : please clarify what you mean
[2016-10-24 14:51:07] sleger : IF you are a taker and open a 100btc position you pay a fee of 0.075%*100btc=0.075btc
[2016-10-24 14:51:22] Samirum : fees/
[2016-10-24 14:51:25] sleger : please read the docs properly
[2016-10-24 14:51:28] Rado : sleger: yep
[2016-10-24 14:51:44] Rado : fee is very small here
[2016-10-24 14:51:49] martinium : so thats 0.00075% then
[2016-10-24 14:51:56] sleger : trading fee that is
[2016-10-24 14:51:58] sleger : martinium: wrong
[2016-10-24 14:52:01] Rado : actually the best of all exchanges except China
[2016-10-24 14:52:01] Samirum : how is the fee calculated
[2016-10-24 14:52:13] sleger : Samirum: https://www.bitmex.com/app/fees
[2016-10-24 14:52:22] martinium : its math dude
[2016-10-24 14:52:24] Rado : martinium: it's always the same %
[2016-10-24 14:52:34] martinium : 100 * 0.00075 = 0.075 btc
[2016-10-24 14:52:44] Rado : why do you move the decimal place
[2016-10-24 14:52:58] martinium : there is no moving
[2016-10-24 14:53:12] martinium : the fees they quote are quoted as % of 1%
[2016-10-24 14:53:37] martinium : so 0.075% would be 0.00075%
[2016-10-24 14:53:47] martinium : otherwise 0.075 = 7.5% in math speak
[2016-10-24 14:53:55] martinium : which is not how interest is calculated
[2016-10-24 14:53:56] Samirum : i dunno with only 0.45btc open long few hours ago@648.4 closed it now @648.5 and end up losing 0.063 why
[2016-10-24 14:54:10] martinium : they are charging 7.5 basis points if you are a taker
[2016-10-24 14:54:10] sleger : Samirum: read the fees page
[2016-10-24 14:54:22] martinium : do you know how bp works in Finance?
[2016-10-24 14:54:28] Rado : martinium: you seem to not understand %
[2016-10-24 14:54:41] martinium : no I understand it quite well I do it for a living
[2016-10-24 14:54:54] martinium : I need to get clarification from them how they are quoted
[2016-10-24 14:54:57] sleger : cleaning traders toilets doesnt count
[2016-10-24 14:55:04] Rado : 0.075 is already a % for the fee
[2016-10-24 14:55:14] martinium : yes
[2016-10-24 14:55:21] martinium : but if you open 100 BTC position
[2016-10-24 14:55:21] Rado : Fees are in % always
[2016-10-24 14:55:32] martinium : and the fee is 0.075 after the fee calc
[2016-10-24 14:55:42] Rado : Still the same % regardless of the size
[2016-10-24 14:55:47] martinium : that means the fee percentage in terms of 100% is 0.00075%
[2016-10-24 14:56:00] martinium : in terms of 1% the fee is the stated 0.075%
[2016-10-24 14:56:19] sleger : guy doesnt know what "%" means
[2016-10-24 14:56:21] martinium : 200 btc position would pay 0.15btc
[2016-10-24 14:56:30] martinium : as a fee
[2016-10-24 14:56:35] sleger : look if you clean 100 percent of a toilet then its completely clean, got it ?
[2016-10-24 14:56:48] martinium : bad analogy
[2016-10-24 14:56:56] Samirum : martinium: then why do i pay 0.06 with 0.45 btc?
[2016-10-24 14:57:05] sleger : Samirum: read the fees page
[2016-10-24 14:57:24] martinium : that is 13.33%
[2016-10-24 14:57:28] martinium : if you paid that muhc
[2016-10-24 14:57:35] martinium : prob have funding fee there
[2016-10-24 14:57:36] Rado : Samirum: look at your order size
[2016-10-24 14:57:41] Samirum : sleger: i've read
[2016-10-24 14:57:45] sleger : there you go
[2016-10-24 14:57:54] sleger : you read the part about funding fee then
[2016-10-24 14:58:04] sleger : did you calculate this one ?
[2016-10-24 14:58:12] BitMEX_Greg : Samirum: Hi, the fees on BitMEX depend if you provide or take liquidity. We offer rebates of 0.025% if you provide liquidity, and the fee for taking is 0.075%. You can see it here: https://www.bitmex.com/app/fees
[2016-10-24 14:58:14] Samirum : sleger: every 8hrs right?
[2016-10-24 14:58:24] sleger : yes
[2016-10-24 14:58:46] sleger : but its not the same fee as trading fee
[2016-10-24 14:59:02] Samirum : sleger: how do i avoid paying such fees
[2016-10-24 14:59:11] sleger : you dont trade
[2016-10-24 14:59:17] Samirum : sleger: why?
[2016-10-24 14:59:24] sleger : because if you dont trade there is no fee
[2016-10-24 14:59:32] Samirum : we dont pay fee in china
[2016-10-24 14:59:32] BitMEX_Greg : Samirum: There was a funding period 3 hours ago, you can check the funding history here: https://www.bitmex.com/app/fundingHistory
[2016-10-24 14:59:34] Rado : Samirum: trade instruments without funding fee
[2016-10-24 14:59:42] sleger : Samirum: then stay in china
[2016-10-24 15:00:14] BitMEX_Sam : Chinese exchanges usually don't charge spot fees but they do charge fees on derivs
[2016-10-24 15:00:17] BitMEX_Greg : Samirum: Take a look at your Trade History: https://www.bitmex.com/app/tradeHistory
[2016-10-24 15:00:18] martinium : BitMEX_Greg: Are those fees quoted as a % of 1% or as a % of 100%?
[2016-10-24 15:00:27] sleger : lolol
[2016-10-24 15:00:32] BitMEX_Greg : The % is always out of 100%
[2016-10-24 15:00:51] BitMEX_Greg : Sometimes people quote it as 7.5bps. But 1 basis point (bp) is 0.01%
[2016-10-24 15:00:55] martinium : so if someone opens a 100 btc position their fee would be 7.5btc?
[2016-10-24 15:01:01] BitMEX_Greg : No
[2016-10-24 15:01:01] sleger : no
[2016-10-24 15:01:10] BitMEX_Greg : The Taker fee is 0.075%
[2016-10-24 15:01:12] martinium : 1 bp is 0.0001%
[2016-10-24 15:01:17] martinium : out of 100
[2016-10-24 15:01:20] sleger : BitMEX_Greg: he doesnt understand percentages
[2016-10-24 15:01:21] BitMEX_Greg : No
[2016-10-24 15:01:31] BitMEX_Greg : martinium: 1 basis point is 0.01%
[2016-10-24 15:01:35] martinium : so the fees are in fact quoted in terms of 1%
[2016-10-24 15:01:38] BitMEX_Greg : No
[2016-10-24 15:01:53] BitMEX_Greg : The Maker / Taker fee is 0.025% and 0.075%
[2016-10-24 15:02:15] BitMEX_Greg : So on a 100btc position, if you are a taker the bitcoin fee is 100 * 0.075% = 0.075btc
[2016-10-24 15:02:24] martinium : 100 basis points is 1%
[2016-10-24 15:02:27] sleger : what i said 10 min ago
[2016-10-24 15:02:29] Samirum : BitMEX_Greg: maker?
[2016-10-24 15:02:34] martinium : 1000 basis points are 10%
[2016-10-24 15:02:52] martinium : and I quote from investopedia "Basis point (BPS) refer to a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001), and is used to denote the percentage change in a financial instrument."
[2016-10-24 15:02:55] sleger : you should really stick with cleaning toilets
[2016-10-24 15:03:24] martinium : sleger: thats what you should stick to
[2016-10-24 15:03:36] BitMEX_Greg : Samirum: Maker means you provide liquidity (i.e. you make orders)
[2016-10-24 15:03:52] martinium : BitMEX_Greg: did you read the definition I posted above?
[2016-10-24 15:04:33] martinium : I've worked in Finance over 10 years and fees especially trading fees are quoted as I have stated
[2016-10-24 15:04:50] martinium : we are saying the same thing
[2016-10-24 15:04:57] martinium : just in different notation
[2016-10-24 15:05:18] sleger : "martinium: so if someone opens a 100 btc position their fee would be 7.5btc?"
[2016-10-24 15:05:21] sleger : yeah sure ...
[2016-10-24 15:05:33] BitMEX_Greg : martinium: 1 basis point is 0.01%
[2016-10-24 15:05:37] sleger : you're not saying the same thing, you are completely wrong
[2016-10-24 15:05:52] martinium : yeah I see what the issue is
[2016-10-24 15:05:54] BitMEX_Greg : if you want to think about it in terms of out of 100 then yes, 1 bp is 1/100 of 1%
[2016-10-24 15:06:04] martinium : I am thinking in terms of decimal
[2016-10-24 15:06:09] martinium : and we are speaking percent
[2016-10-24 15:06:10] martinium : lol
[2016-10-24 15:06:38] martinium : 0.075% is the same as 0.00075 in decimal notation
[2016-10-24 15:07:12] sleger : and how did you arrive to "martinium: so if someone opens a 100 btc position their fee would be 7.5btc?"
[2016-10-24 15:07:28] martinium : that was a question to a guy above
[2016-10-24 15:07:33] martinium : trying to show they were wrong
[2016-10-24 15:07:57] martinium : the fee would only be 0.075 BTC
[2016-10-24 15:08:15] martinium : because obviously 7.5 btc would be ridiculous
[2016-10-24 15:08:18] Rado : so we are clear
[2016-10-24 15:08:28] Rado : can we stop with the fees discussion
[2016-10-24 15:08:43] Rado : guy was wondering why he paid as much and the answer is funding
[2016-10-24 15:08:49] Rado : nothing to do with trading fee
[2016-10-24 15:09:07] martinium : trading convo was happening before his question
[2016-10-24 15:09:11] martinium : trading fee*
[2016-10-24 15:09:19] martinium : but whatever it is settled
[2016-10-24 15:09:27] martinium : fees as quoted in basis points
[2016-10-24 15:09:29] martinium : are*
[2016-10-24 15:10:07] martinium : aka of 1%
[2016-10-24 15:11:01] martinium : a whole number on left side of decimal point on fees page is the percentage while right side of decimal are fractional percentages
[2016-10-24 15:11:07] martinium : there are many who don't understand this
[2016-10-24 15:11:17] martinium : so I wanted to help them clarify
[2016-10-24 15:11:33] Samirum : martinium: i still dont understand
[2016-10-24 15:12:07] martinium : Samirum: the fees in the page are quoted in % so that means that 0.075% is the same as the decimal 0.00075
[2016-10-24 15:12:36] martinium : so if you want to calculate a taker fee on a 10 btc position you do 10 * 0.00075
[2016-10-24 15:12:59] martinium : giving a fee of 0.0075 btc excluding funding
[2016-10-24 15:13:00] Samirum : martinium: ok