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

<<  >>  English  中文  Русский  한국어  日本語  Español  Français 
[2016-10-26 19:31:24] sleger : so its based on market price
[2016-10-26 19:31:28] QuantFocus : and the index is independent of market
[2016-10-26 19:31:48] QuantFocus : markets besides price on bitmex though
[2016-10-26 19:32:04] QuantFocus : it uses kaiko
[2016-10-26 19:32:13] sleger : no
[2016-10-26 19:32:55] QuantFocus : the contract's pricing source says kaiko...
[2016-10-26 19:34:40] poes : yeah but how? kaiko doesnt have a dec30 price @QuantFocus
[2016-10-26 19:35:05] QuantFocus : poes: it uses current market + the fair basis calculated by bitmex
[2016-10-26 19:35:53] QuantFocus : i'm not an expert on this stuff by any means. this is just my understanding
[2016-10-26 19:36:09] sleger : you said XBT not XBJ
[2016-10-26 19:36:22] QuantFocus : yes?
[2016-10-26 19:36:30] QuantFocus : i'm referring to xbtz
[2016-10-26 19:36:35] REKT : Liquidated long on `XBTUSD`: Sell 6 @ 673.56
[2016-10-26 19:40:28] RocketScience : so it is impossible for mark price to be the same as spot price tommorow? no matter what happens
[2016-10-26 19:42:07] QuantFocus : mark on the futures should always be higher than spot, assuming there is time to expiry
[2016-10-26 19:42:10] RocketScience : if i understand mark price is fixed to be above spot price and will slowly converge with spot at dec 30
[2016-10-26 19:42:20] QuantFocus : correct
[2016-10-26 19:42:24] j8 : no no all wrong
[2016-10-26 19:42:43] j8 : it could be higher or lower
[2016-10-26 19:42:54] QuantFocus : i suppose that's right
[2016-10-26 19:42:56] QuantFocus : depending on sentiment
[2016-10-26 19:43:05] poes : yeah, it would be crazy if it could only be higher lol
[2016-10-26 19:45:56] j8 : we haven't seen quarterly futures at a discount in a while. but that's because we're in a bull market for over a year
[2016-10-26 19:47:45] poes : i was reading about segwit being blocked by viabtc and lightning transactions not being decentral haha
[2016-10-26 19:48:22] poes : is this true? or will we have these changes by the end of this year
[2016-10-26 19:48:28] poes : ?
[2016-10-26 19:49:45] poes : and will the 1mb blocksize become an actual problem (now it isnt really since you could just up the transaction fee to be included in the block) and its mostly just people spamming transactions right?
[2016-10-26 19:50:28] BitMEX_Sam : Technically you'll always be able to get priority by raising your fee, the question is: how much is unreasonable?
[2016-10-26 19:53:25] sleger : I pay zero for wire transfers, it also depends how long it takes
[2016-10-26 19:54:04] sleger : So if right now backlog is 1-2 days then my swift transfwr beats bitcorn
[2016-10-26 19:54:36] poes : well the fee depends on transaction size not on the amount, so only very small transactions would be affected?
[2016-10-26 19:55:03] lockhedge : sleger: how can you have free swift transfers?
[2016-10-26 19:55:04] MrRGnome : fees may rise invalidating current use cases but that doesn't mean new use cases won't emerge ina high fee market
[2016-10-26 19:55:29] MrRGnome : There will always be use for a secure public decentralized ledger, just different uses in different economic contexts
[2016-10-26 19:56:25] poes : the minimum fee right now is 0.13 usd ( https://bitcoinfees.21.co/ ) for a median 226byte transaction
[2016-10-26 19:56:38] sleger : lockhedge: if i maintain over X on my account I have perks such as free wire transfers
[2016-10-26 19:57:10] jung1 : https://www.youtube.com/watch?v=OjRCfD2P2IQ there you have some good vibes tor blockchain
[2016-10-26 19:57:15] poes : but you cant have free international wire transfers right?
[2016-10-26 19:57:51] sleger : Yes I do
[2016-10-26 19:57:54] MrRGnome : poes: You can have "free" anything so long as someone else is willing to pay for it. Usually these are loss leaders where the person paying for it is making money somewhere else
[2016-10-26 19:59:25] sleger : That's in exchange for the bank using my deposit in their balance sheet if you want to see it @MrRGnome 's way
[2016-10-26 20:06:44] lockhedge : sleger: i also get "free" mobile internet from my phone company ;) even if you don't have a hard limit like 100 transactions a month it will be some form of "fair use" contract
[2016-10-26 20:10:02] j8 : and bitcoin transactions are practically free because they're subsidized by inflation
[2016-10-26 20:14:47] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 671.09
[2016-10-26 20:26:57] poes : j8: what inflation?
[2016-10-26 20:27:13] j8 : the block reward
[2016-10-26 20:29:02] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.350836
[2016-10-26 20:29:18] wurstgelee : ;)
[2016-10-26 20:30:32] REKT : Liquidated short on `ZECZ16`: Buy 70 @ 0.369206
[2016-10-26 20:31:31] poes : That would be same as saying wire transfer fees don't matter because we have inflation lol
[2016-10-26 20:34:25] rapidtrades : poes: no idiot....when the block reward drops to 0 fees will skyrocket
[2016-10-26 20:35:11] rapidtrades : cos that will be the only source of $ for miners
[2016-10-26 20:36:19] j8 : yeah it's completely different. the security of transactions directly depends on block reward plus fees
[2016-10-26 20:36:39] rapidtrades : we're now at 2% per annum inflation?
[2016-10-26 20:36:53] lockhedge : yes, but very likely mining will not only be about money but power when the block reward drops to zero
[2016-10-26 20:37:20] 99991111 : what happens if the zec price goes up so fast shorts can't pay?
[2016-10-26 20:37:34] j8 : transaction priority or what @lockhedge
[2016-10-26 20:37:45] rapidtrades : the longs will get closed out @99991111
[2016-10-26 20:40:39] lockhedge : j8: securing multi billion assets, preventing a specific country or group of people from controlling the blockchain
[2016-10-26 20:40:51] poes : rapidtrades: wouldnt the miners just stop mining, thats the whole problem with "unlimited" the block size right? The hashrate will be too low and the security of the network will be flawed
[2016-10-26 20:44:02] j8 : so, the security you get for your tiny transaction fee is "subsidized" by the block reward, i.e. increase in the money supply
[2016-10-26 20:45:06] Mad : Will be sold zcash?
[2016-10-26 20:46:39] Mad : hi
[2016-10-26 20:46:50] martinium : hi
[2016-10-26 20:47:58] wurstgelee : whis?
[2016-10-26 20:48:42] Mad : zcash is the same xbt?
[2016-10-26 20:48:54] poes : rapidtrades: If the block reward will be zero it will not magically cause the transaction fees to go up, although they need to go up to keep the network secure. This is a huge problem with bitcoin, if miners only include transactions in to blocks with a certain fee, there will always be other miners that will include them for a lower fee.
[2016-10-26 20:50:55] sleger : Mad: yes just new name
[2016-10-26 20:51:48] Mad : thanx bro.:)
[2016-10-26 20:52:09] j8 : zcash is only 1/3 of a bitcoin, apparently
[2016-10-26 20:52:11] sleger : Mad: i am here to help
[2016-10-26 20:52:19] wurstgelee : j8: a bargain!
[2016-10-26 20:52:22] wurstgelee : ;)
[2016-10-26 20:52:40] wurstgelee : sleger: how many drinks did u have?
[2016-10-26 20:54:59] Mad : how deposit zcash??
[2016-10-26 20:55:29] habibi : depends how much u have
[2016-10-26 20:56:39] wurstgelee : you get 100% zec extra if u deposit within the next 24h
[2016-10-26 20:56:44] wurstgelee : as a bonus
[2016-10-26 20:57:55] Mad : right i have only to a wallet number now
[2016-10-26 20:58:18] sleger : You can convert your bitcoin to zec also if you dont have enough yet
[2016-10-26 20:58:37] sleger : wurstgelee: none
[2016-10-26 20:58:43] wurstgelee : ;)
[2016-10-26 20:59:02] wurstgelee : Mad: are u mistaking ZEC for that other coin with z?
[2016-10-26 20:59:25] wurstgelee : somthing similar i cant recall right now, some ripoff
[2016-10-26 20:59:31] wurstgelee : *e
[2016-10-26 21:00:41] Mad : no i have mine this and want wallet nuber with out linix
[2016-10-26 21:00:51] wurstgelee : XZC ..zcoin
[2016-10-26 21:00:54] Mad : linux
[2016-10-26 21:01:24] wurstgelee : i am pretty sure u didnt mine it. maybe u mined testnet ZEC?
[2016-10-26 21:01:34] wurstgelee : it hasnt launched ydet, mainnet will launch in 2 days
[2016-10-26 21:01:36] Mad : yes
[2016-10-26 21:01:38] wurstgelee : *-d
[2016-10-26 21:01:51] wurstgelee : yes @ testnet ZEC?
[2016-10-26 21:02:09] Mad : yes right test mine
[2016-10-26 21:02:30] poes : is there a specific time for the launch of the zec mainnet
[2016-10-26 21:02:31] poes : ?
[2016-10-26 21:02:39] wurstgelee : probably
[2016-10-26 21:02:45] wurstgelee : october 28th some clock
[2016-10-26 21:02:46] wurstgelee : ;)
[2016-10-26 21:03:00] wurstgelee : Mad: testnet coins are for testing purposes
[2016-10-26 21:03:05] wurstgelee : there is no market for those...
[2016-10-26 21:03:30] wurstgelee : ZEC here is a futures market, we trade the estimated price of ZEC @ dec 30th ;)
[2016-10-26 21:03:49] wurstgelee : u cant deposit anything pother than BTC here anyways. everything is settled in btc
[2016-10-26 21:04:54] Mad : Thank you so much right now has not come yet windows wallet?
[2016-10-26 21:05:14] wurstgelee : no, ZEC will launch in 2 days
[2016-10-26 21:10:36] lord : 1 actually
[2016-10-26 21:11:41] wurstgelee : its 26th here
[2016-10-26 21:11:42] wurstgelee : still
[2016-10-26 21:11:44] wurstgelee : ;)
[2016-10-26 21:25:56] QuantFocus : when does the trading session reset on ZEC?
[2016-10-26 21:28:46] wurstgelee : settlement is on december 30
[2016-10-26 21:29:00] QuantFocus : but the session for limit resets?
[2016-10-26 21:29:06] wurstgelee : each 8h
[2016-10-26 21:29:08] QuantFocus : a particular time of day?
[2016-10-26 21:29:10] QuantFocus : ah, ok thanks
[2016-10-26 21:29:38] QuantFocus : same session time as the xbt contract?
[2016-10-26 21:30:14] lockhedge : yes 4, 12, 20 UTC
[2016-10-26 21:30:23] QuantFocus : appreciate it :)
[2016-10-26 21:32:37] wurstgelee : this trollbox is generally useful if it isnt busy with being childish
[2016-10-26 21:32:38] wurstgelee : ;)
[2016-10-26 21:38:16] sleger : I'' baaaaack
[2016-10-26 21:41:42] QuantFocus : [bitmex]
[2016-10-26 21:41:46] QuantFocus : i forget how to emote
[2016-10-26 21:42:06] BitMEX_Sam : QuantFocus: Use colons
[2016-10-26 21:42:09] BitMEX_Sam : : bitmex :
[2016-10-26 21:42:10] BitMEX_Sam : :bitmex:
[2016-10-26 21:42:19] QuantFocus : thanks :thumbsup:
[2016-10-26 21:46:25] QuantFocus : :knife:
[2016-10-26 21:53:49] Tetsuo : :rocket: :new_moon:
[2016-10-26 21:54:08] Tetsuo : :train2:
[2016-10-26 21:54:30] Tetsuo : :fu:
[2016-10-26 21:54:37] habibi : :fomo:
[2016-10-26 21:59:23] y1uy : the current price of zcash future is .325btc?
[2016-10-26 21:59:45] QuantFocus : yep
[2016-10-26 22:01:29] y1uy : damn, thats quite high
[2016-10-26 22:01:59] y1uy : what is index price? dont get the description
[2016-10-26 22:02:43] QuantFocus : there's no true index price yet, as it's not traded anywhere else afaik
[2016-10-26 22:03:04] QuantFocus : once it launches on the 28th, it'll likely be on polo, which appears to be the pricing source
[2016-10-26 22:03:11] QuantFocus : for now it's just marked to last trade
[2016-10-26 22:05:20] lockhedge : y1uy: regarding the reference index https://blog.bitmex.com/site_announcement/regarding-zcash-futures/
[2016-10-26 22:07:24] QuantFocus : lockhedge: nice
[2016-10-26 22:12:07] lockhedge : would be interesting if BitMEX becomes (stays) the most liquid zcash market. because of the (s)low supply it might be possible
[2016-10-26 22:13:05] QuantFocus : that would appear to be bad for longs if btc is anywhere near current price or higher
[2016-10-26 22:13:22] QuantFocus : if i'm reading that blog right
[2016-10-26 22:16:07] REKT : Liquidated short on `XBJ24H`: Buy 200 @ 69922
[2016-10-26 22:16:30] lockhedge : QuantFocus: even if BitMEX stays the most liquid market, the contract would settle on the price of the most reputable spot exchange.
[2016-10-26 22:17:18] QuantFocus : yea, which i imagine will exist
[2016-10-26 22:17:24] QuantFocus : i was referring to the contingency plan
[2016-10-26 22:19:57] lockhedge : ah ok, but that's very unlikely if the launch will not be postponed. supply will be around 300k zec (currently worth $64m) at Dec 30
[2016-10-26 22:23:49] YevhenMuza : I have 4 BTC on balance and I'm trying to sell 1 ZEC contract for cost 0.365 with margin 1.0. I have x10 margin, but it shows me liquidation price equals ~0.65. Why?
[2016-10-26 22:25:12] wurstgelee : whats the double of current price?
[2016-10-26 22:25:15] wurstgelee : ;)
[2016-10-26 22:25:30] YevhenMuza : My balance is 10x more, than contract size
[2016-10-26 22:25:37] wurstgelee : u can manually add more margin
[2016-10-26 22:25:40] wurstgelee : or do cross
[2016-10-26 22:25:40] YevhenMuza : So, it should be ~3.65
[2016-10-26 22:25:46] wurstgelee : switch to cross
[2016-10-26 22:25:51] wurstgelee : whats liquidation price then?
[2016-10-26 22:25:52] wurstgelee : ;)
[2016-10-26 22:26:07] YevhenMuza : On cross it's right
[2016-10-26 22:26:13] YevhenMuza : But why it isn't on 1.0?
[2016-10-26 22:26:21] wurstgelee : yes, because u use your whole balance as margin then
[2016-10-26 22:26:33] wurstgelee : on 1x u only use .325 ;)
[2016-10-26 22:26:41] wurstgelee : 1x your position value. not 10x
[2016-10-26 22:26:43] YevhenMuza : Understood
[2016-10-26 22:26:50] YevhenMuza : Thanks much
[2016-10-26 22:26:53] wurstgelee : np
[2016-10-26 22:28:46] YevhenMuza : Hm, and if I sell for almost entire balance 3.65 XBT of 4 XBT it shows me liq. price = 0.49 with 0.365 open price
[2016-10-26 22:28:59] YevhenMuza : And I understand it should be 0.365*2 or similar to it
[2016-10-26 22:30:00] lockhedge : YevhenMuza: maintenance margin is relatively high on ZECZ16
[2016-10-26 22:30:13] sleger : surprised that premium/funding so low on xbt swap
[2016-10-26 22:30:25] habibi : we are not going to answer ur questions anymore, until u contribute to insurance fund
[2016-10-26 22:30:58] YevhenMuza : lockhedge: thanks for info, understood
[2016-10-26 22:31:56] YevhenMuza : i forgot about it
[2016-10-26 22:34:18] wurstgelee : habibi: lol :)
[2016-10-26 23:01:59] Mm bot : @bitmex thank you for the new 100X 3month contract. Traders will be pretty happy
[2016-10-26 23:02:22] BitMEX_Sam : Mm bot: :+1:
[2016-10-26 23:03:23] Mm bot : We been waiting something for longer term trades without 8h fees
[2016-10-26 23:18:51] sleger : and the price being 35$ higher is not a fee ?
[2016-10-26 23:20:12] mjones : no
[2016-10-26 23:20:47] mjones : because mega bullrun this could go up another $35
[2016-10-26 23:21:02] mjones : unless there is a cap?
[2016-10-26 23:21:10] sleger : same argument works for funding fee
[2016-10-26 23:21:47] mjones : how many exchanges make up the index price? 2 still?
[2016-10-26 23:25:39] sleger : if you didnt wrongfully contradict me i would answer
[2016-10-26 23:32:16] rapidtrades : 0.2% for 16 hrs is not small
[2016-10-26 23:33:09] rapidtrades : that's 0.3 per day or $2 per day
[2016-10-26 23:33:15] sleger : compared to what it was and the recent bull run yes
[2016-10-26 23:33:38] rapidtrades : compared to quarterly that's a $60 premium
[2016-10-26 23:33:51] rapidtrades : wait $120
[2016-10-26 23:34:07] sleger : well if we have a huge bull run 120 on quaterly is not insane
[2016-10-26 23:34:23] rapidtrades : on okc is only $23 atm
[2016-10-26 23:34:37] rapidtrades : sry $31
[2016-10-26 23:34:54] rapidtrades : $120 is insane under any circumstances
[2016-10-26 23:35:01] rapidtrades : f shortie....
[2016-10-26 23:35:13] sleger : we had almost 100$ premium on daily, daily...
[2016-10-26 23:35:15] rapidtrades : i've never seen okc quaterly at $120
[2016-10-26 23:35:26] rapidtrades : that was quanto, not the same thing
[2016-10-26 23:35:47] rapidtrades : and on a day prices rose $150
[2016-10-26 23:35:53] sleger : true but still im sure we would have had quite similar with inverse
[2016-10-26 23:36:29] rapidtrades : like i said, never seen quarterly above $100
[2016-10-26 23:36:55] rapidtrades : although okc does price fix the premium so that statement doesn't mean much
[2016-10-26 23:37:50] jose : in august, quarterly was more than 1k, when BTC was less than 700, so 300 premium :)
[2016-10-26 23:38:28] rapidtrades : 0.3% funding per day is over 100% per annum
[2016-10-26 23:38:29] sleger : 100$ premium on 796 weekly was also quite usual
[2016-10-26 23:39:04] sleger : rapidtrades: yes but it wont last unless the price just rises all the time so you cant think like that
[2016-10-26 23:39:27] rapidtrades : we already paid 3% from 614-650
[2016-10-26 23:39:39] rapidtrades : guess i see ur point
[2016-10-26 23:40:54] rapidtrades : can i pull out more data then 100 in trade history?
[2016-10-26 23:41:09] rapidtrades : to csv
[2016-10-26 23:41:22] rapidtrades : when did they lauch the swap
[2016-10-26 23:41:42] sleger : a friday
[2016-10-26 23:41:48] rapidtrades : may
[2016-10-26 23:41:54] lockhedge : rapidtrades: only 100 at once, but you can get the whole history via ui
[2016-10-26 23:42:14] rapidtrades : lockhedge: how
[2016-10-26 23:42:50] sleger : rapidtrades: i got 102 for you
[2016-10-26 23:42:56] sleger : https://www.bitmex.com/api/v1/trade?count=102&reverse=false
[2016-10-26 23:44:22] lockhedge : rapidtrades: you can just click on "next page" and download again
[2016-10-26 23:44:54] rapidtrades : lockhedge: gee tnx
[2016-10-26 23:45:08] rapidtrades : ok so i got them all but i dunno where to find the %
[2016-10-26 23:45:22] rapidtrades : fee rate is not a column
[2016-10-26 23:45:35] rapidtrades : and values im getting are super weird
[2016-10-26 23:45:41] rapidtrades : huge numbers
[2016-10-26 23:46:21] rapidtrades : in the excel files
[2016-10-26 23:46:27] sleger : divide by 1 billion
[2016-10-26 23:46:31] sleger : they will be much smaller
[2016-10-26 23:46:36] rapidtrades : ....
[2016-10-26 23:48:34] rapidtrades : ok theyre under 'commission'
[2016-10-26 23:48:50] rapidtrades : so u can't get the value paid in btc
[2016-10-26 23:48:55] rapidtrades : just the %
[2016-10-26 23:49:08] rapidtrades : this file is f*cked....can't it be cleared up a bit
[2016-10-26 23:49:11] sleger : no you can
[2016-10-26 23:49:16] j8 : it would be in satoshis if anything
[2016-10-26 23:49:24] sleger : it is
[2016-10-26 23:49:45] j8 : so sleger is almost not kidding when he says divide by 1 billion. you should divide by 100 million
[2016-10-26 23:50:08] rapidtrades : yeah i thought so....
[2016-10-26 23:50:28] rapidtrades : but there's another column with negative huge numbers next to it...what's that
[2016-10-26 23:50:43] lockhedge : it's not in satoshis
[2016-10-26 23:50:55] sleger : j8: i almost told him if it doesnt work to do x10 instead, but i didnt
[2016-10-26 23:51:38] RocketScience : 10 dollar spread on xbt dec
[2016-10-26 23:51:39] sleger : lockhedge: what is not ?
[2016-10-26 23:52:22] lockhedge : column name should be `funding rate` and result of the first row should be `0.001371`
[2016-10-26 23:52:29] rapidtrades : ok so unless im doing this wrong
[2016-10-26 23:52:42] rapidtrades : if u add all this up, funding rate has no impact
[2016-10-26 23:52:55] sleger : if you have no position thats correct
[2016-10-26 23:53:03] j8 : sounds like you're doing it wrong
[2016-10-26 23:53:05] rapidtrades : it's actually -0.12%
[2016-10-26 23:53:22] rapidtrades : sleger: no i filtered it by funding only to show all since inception
[2016-10-26 23:53:34] sleger : may depend when you start but yes you're surely doing it wrong
[2016-10-26 23:53:41] sleger : which we would have expected from the getgo
[2016-10-26 23:53:44] rapidtrades : oh wait....need to x100
[2016-10-26 23:53:50] rapidtrades : this file is so f*cked
[2016-10-26 23:54:12] lockhedge : rapidtrades: take it from here and filter XBTUSD www.bitmex.com/app/fundingHistory
[2016-10-26 23:54:40] rapidtrades : i did
[2016-10-26 23:55:13] rapidtrades : so it's around -15% meaning shorts paid that in fees since launch
[2016-10-26 23:55:28] rapidtrades : roughly
[2016-10-26 23:55:35] sleger : what the people complaining about then
[2016-10-26 23:56:09] rapidtrades : can smone confirm? i added up all the % funding periods
[2016-10-26 23:56:26] rapidtrades : under column AA commission
[2016-10-26 23:56:45] j8 : rapidtrades: did you start the funding rates from your own trade history?
[2016-10-26 23:56:46] lockhedge : rapidtrades: from when? XBTUSD changed funded terms several times
[2016-10-26 23:57:01] rapidtrades : ok here they are by earlist to latest
[2016-10-26 23:57:05] rapidtrades : from may to now
[2016-10-26 23:57:13] rapidtrades : -8.79
[2016-10-26 23:57:21] rapidtrades : -4.97
[2016-10-26 23:57:26] rapidtrades : -3.5
[2016-10-26 23:57:33] rapidtrades : and latest +2.2
[2016-10-26 23:58:00] rapidtrades : smone check my figures
[2016-10-26 23:59:15] rapidtrades : i used this filter in trade history to limit the data
[2016-10-26 23:59:17] rapidtrades : {"text":"Funding","symbol":"XBTUSD"}
[2016-10-26 23:59:53] lockhedge : rapidtrades: use the funding history, not your trade history and just this filter {"symbol":"XBTUSD"}
[2016-10-27 00:00:04] rapidtrades : ah
[2016-10-27 00:00:10] miramm1115 : average 8h funding was 0.04% last time I checked
[2016-10-27 00:00:33] miramm1115 : pretty sure it's still positive
[2016-10-27 00:00:39] rapidtrades : lockhedge: how do i do that
[2016-10-27 00:00:40] j8 : your own trade history shows positive if you paid, not if the rate was positive
[2016-10-27 00:00:51] j8 : https://www.bitmex.com/app/fundingHistory
[2016-10-27 00:00:56] j8 : {"symbol":"XBTUSD"}
[2016-10-27 00:01:02] rapidtrades : no cos i used the % @j8 not the BTC value
[2016-10-27 00:01:18] j8 : i know it's still the wrong sign if you're short
[2016-10-27 00:01:48] rapidtrades : well just redo it....the % are under column AA
[2016-10-27 00:02:03] rapidtrades : have stuff to do...
[2016-10-27 00:02:26] j8 : you would also have missed entries if you didn't have any position then
[2016-10-27 00:03:31] j8 : sum of last 100 funding rates is 5.151%
[2016-10-27 00:03:49] rapidtrades : ok
[2016-10-27 00:04:00] 99991111 : If the early spot price of zec goes to 2 BTC, what do you think the futures contract will be?
[2016-10-27 00:04:17] wurstgelee : higher than 2btc
[2016-10-27 00:04:18] rapidtrades : j8: ur right that was just my data
[2016-10-27 00:04:18] wurstgelee : ;)
[2016-10-27 00:04:55] lockhedge : 99991111: depends on the volume of the spot trades
[2016-10-27 00:05:24] rapidtrades : j8: I'm getting 6%
[2016-10-27 00:05:31] 99991111 : total supply of ZEC is 103 after the first day
[2016-10-27 00:06:24] j8 : rapidtrades: can't help ya with that
[2016-10-27 00:06:55] rapidtrades : i just used autosum on the data....
[2016-10-27 00:07:01] j8 : so did i. wait let me double check something
[2016-10-27 00:07:08] sleger : probably the 2000 year bug with older laptops
[2016-10-27 00:07:31] 99991111 : i wonder who is shorting ZEC
[2016-10-27 00:07:34] j8 : nevermind you're right, 6.0113% is what i get
[2016-10-27 00:07:44] 99991111 : that would take guts
[2016-10-27 00:07:56] sleger : 99991111: I did, I lost 15btc with that game
[2016-10-27 00:08:06] 99991111 : ough, sorry sleger
[2016-10-27 00:08:08] rapidtrades : ok total 22%
[2016-10-27 00:08:14] rapidtrades : since f*cking may
[2016-10-27 00:08:20] 99991111 : still time to get on the long side
[2016-10-27 00:08:21] wurstgelee : sleger: the one dpe-event?
[2016-10-27 00:08:21] j8 : some of the numbers didn't get treated as numbers...
[2016-10-27 00:08:21] sleger : rapidtrades: what was btc price when you started
[2016-10-27 00:08:23] wurstgelee : ;)
[2016-10-27 00:08:32] wurstgelee : adl ofc
[2016-10-27 00:08:33] sleger : wurstgelee: no it was post adl
[2016-10-27 00:08:34] wurstgelee : not dpe
[2016-10-27 00:08:35] rapidtrades : sleger: i see ur point but it's still a lot
[2016-10-27 00:09:01] sleger : i meant post dpe, but i dont think so i think the order was eaten, it ended up at 0.24 i think
[2016-10-27 00:09:16] sleger : rapidtrades: weekly futures premium also add up
[2016-10-27 00:09:23] rapidtrades : not to 22%
[2016-10-27 00:09:31] sleger : but they dont offer 100x leverage
[2016-10-27 00:09:46] rapidtrades : irrelevant unless ur using 100x
[2016-10-27 00:10:18] sleger : no its not
[2016-10-27 00:10:41] rapidtrades : btc was $450 when swap started
[2016-10-27 00:10:43] sleger : you're trading against people who are using 100x potentially, your risk of dpe/adl is much much higher
[2016-10-27 00:11:13] rapidtrades : so if u were long since inception, u would've paid $100 in funding
[2016-10-27 00:11:15] lockhedge : rapidtrades: cap has been reduced from 1.125 to 0.375 per session, so it does not make sense to use the average since may for any prediction
[2016-10-27 00:11:36] rapidtrades : doesn't matter....it will linger in the data eventually
[2016-10-27 00:11:50] rapidtrades : just may take few sessions to kill premium
[2016-10-27 00:13:56] lockhedge : there was also a bug in my bot for several weeks which cost me around 1 btc in funding fees and probably led to an irrational rate ;)
[2016-10-27 00:14:04] rapidtrades : yeah annualized is around 50%
[2016-10-27 00:16:21] rapidtrades : ppl are playing the quaterly a lot more on okc now
[2016-10-27 00:16:42] rapidtrades : when i left weekly was usually tied, now Q has double the volume
[2016-10-27 00:18:47] billyboy402 : any one here able to help me create a google sheet with history of past funding .... so far i thought i need some thing like bellow but i dont think i am doing correctly =IMPORTDATA("https://www.bitmex.com/api/v1/funding","/fundingRate",)
[2016-10-27 00:19:44] rapidtrades : do what j8 suggested above
[2016-10-27 00:20:08] rapidtrades : u'll have to pull 5 diff docs but u'll get the data
[2016-10-27 00:22:36] billyboy402 : oh , must of been thinking the same thing , i didnt read the msg for 20 min ago
[2016-10-27 00:23:00] j8 : billyboy402: if you want an api call try `https://www.bitmex.com/api/v1/funding?symbol=XBTUSD&count=500&reverse=false`
[2016-10-27 00:23:33] sleger : i sent him 10 min ago he just ignored it
[2016-10-27 00:23:43] BitMEX_Sam : You can also add `&_format=csv` for csv
[2016-10-27 00:23:52] billyboy402 : oh great thanks mate , when i try to create one with "Try it " i didnt get any thing
[2016-10-27 00:27:22] rapidtrades : sleger: u sent one with 102 entries
[2016-10-27 00:27:26] rapidtrades : not really useful
[2016-10-27 00:27:40] billyboy402 : sorry , maybe should of check it before , i am late to the convo
[2016-10-27 00:27:49] billyboy402 : so i need to create some thing like =IMPORTRANGE("https://www.bitmex.com/api/v1/funding?symbol=XBTUSD&count=500&reverse=false",{"text":"Funding","symbol":"XBTUSD"})
[2016-10-27 00:35:11] rapidtrades : hey bitmex....how long will this Yen charade go on?
[2016-10-27 00:35:39] BitMEX_Arthur : rapidtrades: What are referring to specifically?
[2016-10-27 00:35:49] miramm1115 : BitMEX_Sam: didn't know about `format=csv`, super useful!
[2016-10-27 00:35:53] rapidtrades : give us USD or maybe Yuan...noone trades this
[2016-10-27 00:36:25] BitMEX_Sam : miramm1115: Remember the `_` :)
[2016-10-27 00:36:33] BitMEX_Sam : It's in the top notes in the explorer
[2016-10-27 00:36:42] BitMEX_Sam : We also do xml, if you hate yourself that much
[2016-10-27 00:37:01] miramm1115 : no, not that much!
[2016-10-27 00:37:01] BitMEX_Arthur : rapidtrades: We have a USD future now, `XBTZ16`
[2016-10-27 00:37:03] BitMEX_Arthur : 100x leverage
[2016-10-27 00:37:35] BitMEX_Arthur : We believe Jpy will be a major trading pair
[2016-10-27 00:37:44] rapidtrades : BitMEX_Arthur: oh thanks
[2016-10-27 00:38:03] BitMEX_Arthur : We will properly announce it in the newsletter
[2016-10-27 00:42:03] Rado : rapidtrades: you didn't know about the USD quarterly?
[2016-10-27 00:42:26] Rado : BitMEX_Arthur: that was great addition
[2016-10-27 00:42:44] Rado : now we need some ne more month so we can trade spreads
[2016-10-27 00:43:16] Rado : One more month
[2016-10-27 00:43:17] rapidtrades : Rado: no...would've preferred a quanto but i guess that battle is lost
[2016-10-27 00:43:38] Rado : Yeah
[2016-10-27 00:43:50] BitMEX_Arthur : Rado: This is a test we will see the take up of the quarterly vs. the swap
[2016-10-27 00:44:41] Rado : BitMEX_Arthur: why compare it to the swap. These are totally different instruments.
[2016-10-27 00:44:45] rapidtrades : u should compare it to the yen futures
[2016-10-27 00:44:49] BitMEX_Sam : XBTZ is in the site announcements.
[2016-10-27 00:44:58] BitMEX_Sam : You now get a nice full readout while you're logging in.
[2016-10-27 00:45:11] Rado : I trade each, but with different strategy
[2016-10-27 00:47:04] Rado : BitMEX_Arthur: I get that the business is most important and you need to make money, but having a future is not going to hurt your bottom line
[2016-10-27 00:47:25] Rado : As long as there are MMS willing to support it
[2016-10-27 00:48:43] BitMEX_Arthur : Rado: Ok well they know how to get in touch with me, if there is strong interest we will support just about anything
[2016-10-27 00:48:58] BitMEX_Arthur : But i can count the number of reliable mm on one hand in the entire world
[2016-10-27 00:49:51] Chimpindeed : https://www.youtube.com/watch?v=591J9KcKgHM Dash is looking pretty good here compared to zcash so why isnt it listed?
[2016-10-27 00:50:29] BitMEX_Arthur : The trading volumes on DASH are garbage, and no one cares about DASH right now IMO
[2016-10-27 00:51:24] 99991111 : Chimpindeed: Only zcash uses zk-snarks, which were invented in 2013
[2016-10-27 00:51:50] dasdfasdf : AND zcoin
[2016-10-27 00:52:04] dasdfasdf : cause they can copy paste
[2016-10-27 00:53:23] 99991111 : zcoin doesn't conceal amounts, which is a big deal
[2016-10-27 00:53:32] Rado : BitMEX_Arthur: thanks, I am working on creating a MM bot
[2016-10-27 00:53:49] dasdfasdf : which pair
[2016-10-27 00:53:51] 99991111 : because it's usually pretty obvious if you see the exact same amount passed around that it's the same money
[2016-10-27 00:58:21] dasdfasdf : BitMEX_Arthur: Will you have longer dated for ALTS too?
[2016-10-27 01:05:00] jordanbitfort : ok bitcoin lets go already
[2016-10-27 01:05:44] mjones : looks good now bitmex. can get rid of jpy futures
[2016-10-27 01:06:39] miramm1115 : jpy futures trade more than most alts
[2016-10-27 01:11:58] BitMEX_Arthur : Right now only 7D on Alts
[2016-10-27 01:12:05] BitMEX_Arthur : jpy futures are here to stay
[2016-10-27 01:15:45] rapidtrades : BitMEX_Arthur: what was the reasoning behind making the alts both swap and futures
[2016-10-27 01:16:34] BitMEX_Arthur : They aren't both, the swaps will expire and be replaced with 7D futures
[2016-10-27 01:17:00] sleger : I want 30d futures not 7d on alts and eth and so do most traders
[2016-10-27 01:17:01] BitMEX_Arthur : People don't want to pay funding, so they will pay for it with very high premiums and discounts, if that makes them feel better we are all for it
[2016-10-27 01:17:08] BitMEX_Arthur : That's fine atm not happening
[2016-10-27 01:17:11] BitMEX_Arthur : We hear you
[2016-10-27 01:17:24] BitMEX_Arthur : When we have mm wiling to quote 30d reliably we will think about it
[2016-10-27 01:17:50] sleger : So MM dont want 30d futures even on eth?
[2016-10-27 01:18:39] BitMEX_Arthur : sleger: No one i believe will actually be there 24/7 in size
[2016-10-27 01:18:58] sleger : Main problem with 7d is rolling
[2016-10-27 01:19:03] BitMEX_Arthur : The benefit of 7d is your capital isn't locked up in a hedge for 30d
[2016-10-27 01:19:18] BitMEX_Arthur : So a question of how much money are you comfortable holding on polo mostly
[2016-10-27 01:19:35] sleger : Has to be there every week at the right time, and if positiin is large it takes a while to do so there is market risj
[2016-10-27 01:19:53] BitMEX_Arthur : just throw it in a twap algo
[2016-10-27 01:19:59] BitMEX_Arthur : not that difficult the match the settlement
[2016-10-27 01:20:22] sleger : If there was a way to roll futures to next 7d then inwouldnt mind as much
[2016-10-27 01:20:49] sleger : I dont want to arb just keep a position open for however long i choose
[2016-10-27 01:22:43] rapidtrades : PBOC sets USD/CNY mid-point today at 6.7736 (vs. yesterday at 6.7705)
[2016-10-27 01:22:56] sleger : Roll would be perfect, listing a new 7d one day priori would be doable
[2016-10-27 01:24:40] rapidtrades : here we go again...this place is like groundhog day
[2016-10-27 01:26:07] rapidtrades : keeping a position is usually cheaper on longer dated futures
[2016-10-27 01:26:29] rapidtrades : i can see why sleger wants one
[2016-10-27 01:27:15] dasdfasdf : maybe not with the premiums required to manage counterparty risk at polo
[2016-10-27 01:27:27] REKT : Liquidated short on `XBTUSD`: Buy 30000 @ 679.88 **MEGA-REKT** :boom:
[2016-10-27 01:28:18] REKT : Liquidated short on `XBTUSD`: Buy 320 @ 680.42
[2016-10-27 02:12:24] aethlios : uptrend just born
[2016-10-27 02:12:34] aethlios : 1200 this time.
[2016-10-27 02:14:42] aethlios : go go trump, send us to 1200
[2016-10-27 02:15:06] jordanbitfort : aethlios: uptrend born now? what trendlines are you looking at?
[2016-10-27 02:20:33] aethlios : https://www.tradingview.com/x/uMt6T4yB/
[2016-10-27 02:28:14] jordanbitfort : looks pretty legit
[2016-10-27 02:28:37] aethlios : real bull market starts above 1200
[2016-10-27 02:34:05] aethlios : last 3 years we try to recapture old ATH.
[2016-10-27 02:34:34] aethlios : also ltcusd looks bullish for me.
[2016-10-27 02:36:29] aethlios : https://www.tradingview.com/x/hUlCvfLi/
[2016-10-27 02:48:04] jordanbitfort : i doubt ltcusd will be truly bullish ever again. it has no use case
[2016-10-27 02:54:58] Rado : jordanbitfort: agreed
[2016-10-27 03:06:29] martinium : jordanbitfort: your nick is fucking hilarious
[2016-10-27 03:06:32] martinium : love it
[2016-10-27 03:06:40] Rado : XBTZ16 volume already higher than XBJZ16 volume
[2016-10-27 03:06:52] martinium : is friggin* not gently carress
[2016-10-27 03:06:54] martinium : lmao
[2016-10-27 03:07:33] jordanbitfort : dat autocorrect lol.
[2016-10-27 03:07:47] jordanbitfort : how much leverage would jordan use right now on xbt
[2016-10-27 03:08:18] REKT : Liquidated short on `XBTUSD`: Buy 40000 @ 682.97 **MEGA-REKT** :boom:
[2016-10-27 03:11:37] martinium : shorts got too cocky
[2016-10-27 03:11:45] martinium : collecting the funding
[2016-10-27 03:11:48] martinium : :-p
[2016-10-27 03:12:00] Rado : not much funding to collect right now
[2016-10-27 03:13:43] Rado : BitMEX_Arthur: so the 40000 REKT was immediately deleveraged by selling longs and covering the liquidation?
[2016-10-27 03:13:48] REKT : Liquidated short on `XBTUSD`: Buy 25 @ 683.13
[2016-10-27 03:16:35] Rado : BitMEX_Sam: are you here?
[2016-10-27 03:16:36] lockhedge : Rado: seems that it has been fully executed against the order book at 04:08:28, no ADL
[2016-10-27 03:16:49] lockhedge : UTC
[2016-10-27 03:16:56] aethlios : xbtz16 will reduce premium for swap
[2016-10-27 03:17:06] Rado : lockhedge: so there were longs that bought the liquidation?
[2016-10-27 03:17:18] j8 : Rado: there's 0.5% maintenance margin so it can get pushed ~$3.40 into the book
[2016-10-27 03:17:26] j8 : plus possibly insurance fund
[2016-10-27 03:17:53] Rado : j8: what I am wondering is if I can see the matching trades against that 40000
[2016-10-27 03:18:25] martinium : BitMEX_Arthur: @BitMEX_Sam keep up the great work guys. This is already becoming best place to trade/speculate on xbt/btc and most liquid of alts.
[2016-10-27 03:18:49] Rado : martinium: speculation is for gamblers man
[2016-10-27 03:18:55] Rado : we are traders ;-)
[2016-10-27 03:19:06] martinium : traders=speculators
[2016-10-27 03:19:12] Rado : martinium: noooo
[2016-10-27 03:19:19] Rado : not even close
[2016-10-27 03:19:30] martinium : we take educated guesses regarding price direection
[2016-10-27 03:19:40] martinium : so that is in itself speculating
[2016-10-27 03:20:01] Rado : that definition is similar to speculation
[2016-10-27 03:20:12] Rado : what I understand as trading is way different
[2016-10-27 03:20:14] martinium : in some circles speculators apply only to uber whales
[2016-10-27 03:20:30] martinium : smaller speculators are just traders exploiting price movements
[2016-10-27 03:20:40] Rado : first the goal is always to make money
[2016-10-27 03:20:45] martinium : but the definition is applied loosely
[2016-10-27 03:20:55] Rado : that means you are forced to preserve capital and manage risk
[2016-10-27 03:21:03] Rado : if you do that it's no longer speculation
[2016-10-27 03:21:45] martinium : Rado: have you read reminiscences of a stock operator
[2016-10-27 03:22:00] martinium : usually in old school market speak all traders are speculators
[2016-10-27 03:22:08] martinium : we sure as heck aren't "investors"
[2016-10-27 03:22:24] martinium : thats usually applied to buy n hodlers
[2016-10-27 03:22:38] Rado : you don't have to be an investor to make money
[2016-10-27 03:22:44] martinium : hodlers spelled that way purposely ;)
[2016-10-27 03:22:54] Rado : lol
[2016-10-27 03:23:05] Rado : investor = bag holder
[2016-10-27 03:24:02] martinium : yeah in crypto speak
[2016-10-27 03:24:03] Rado : OK I am making a call of a $10 correction from 684
[2016-10-27 03:24:11] Rado : :-)
[2016-10-27 03:24:40] Rado : stop 688
[2016-10-27 03:25:03] martinium : Rado: you are speculating that price will drop from 684 to 674
[2016-10-27 03:25:10] martinium : see what I did there
[2016-10-27 03:25:11] martinium : :-p
[2016-10-27 03:25:12] Rado : ha ha
[2016-10-27 03:25:43] martinium : be not ashamed of your title
[2016-10-27 03:25:43] Rado : risking $4 to make $10
[2016-10-27 03:25:47] martinium : wear it with pride
[2016-10-27 03:25:50] Rado : 2.5 risk/reward
[2016-10-27 03:27:26] j8 : china is on its 10th green 2-hour candle. always sell on the eleventh, right
[2016-10-27 03:27:40] martinium : there is no always
[2016-10-27 03:27:53] martinium : past is never indicative of future
[2016-10-27 03:27:56] Rado : j8: he he, nice
[2016-10-27 03:28:00] martinium : shit can change
[2016-10-27 03:28:16] Rado : martinium: he was kidding
[2016-10-27 03:28:35] martinium : cool I had a few beers in me so don't mind me
[2016-10-27 03:28:40] martinium : hehe
[2016-10-27 03:29:09] j8 : i would say the same thing if it was 7, or 13
[2016-10-27 03:30:41] martinium : anyone know what time the zcash launh will be?
[2016-10-27 03:30:47] martinium : launch*
[2016-10-27 03:30:55] Rado : no idea
[2016-10-27 03:31:05] Rado : set alert on the price and you will know
[2016-10-27 03:32:59] j8 : just sell one contract, and bitmex will e-mail you when you're liquidated
[2016-10-27 03:33:16] Rado : lol
[2016-10-27 03:33:28] martinium : lol
[2016-10-27 03:33:32] martinium : so true
[2016-10-27 04:27:51] aethlios : monero correction to end soon. 0.0075-0.009 a buy zone.
[2016-10-27 04:41:25] zanza : so what does trollbox think about Bigger Block size vs SegWit ?
[2016-10-27 04:42:42] j8 : do both
[2016-10-27 04:43:15] j8 : and everyone stop complaining