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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[2014-11-24 12:00:21] BitMEX_Sam : Welcome to BitMEX! We are live.
[2014-11-24 12:20:29] BitMEX_Arthur : Hello World
[2014-11-24 12:22:54] laisee : alive
[2014-11-24 12:24:17] BitMEX_Arthur : welcome
[2014-11-24 12:26:21] BitMEX_Sam : Welcome!
[2014-11-24 12:27:04] wudaokor : Hey Arthur, glad to see the site is up!
[2014-11-24 12:27:25] laisee : congrats on the opening
[2014-11-24 12:28:41] BitMEX_Arthur : thanks please deposit and try us out
[2014-11-24 12:28:47] BitMEX_Arthur : any questions feel free to ask
[2014-11-24 12:28:57] joequant : congrats
[2014-11-24 12:29:01] cinek : congrats!!!
[2014-11-24 12:29:12] joequant : I'm in the process of setting up my first trades.
[2014-11-24 12:39:35] jon : congrats
[2014-11-24 12:53:32] larry : i'm in!
[2014-11-24 12:54:02] joequant : waiting for my bitcoin to confirm......
[2014-11-24 12:57:49] paywise : yo....
[2014-11-24 12:57:57] BitMEX_Arthur : that you dave?
[2014-11-24 12:58:06] paywise : u bet your ass
[2014-11-24 12:58:09] BitMEX_Arthur : ha
[2014-11-24 12:58:20] paywise : wouldnt miss it for the world
[2014-11-24 12:59:49] BitMEX_Sam : Hahaha glad to have you
[2014-11-24 12:59:59] BitMEX_Sam : joequant: BTC network has been slow today
[2014-11-24 13:01:07] paywise : great site guys
[2014-11-24 13:01:21] DuGuerre : Congrats guys
[2014-11-24 13:10:37] BitMEX_Sam : FYI you can do some pretty fun charting and sharing via the chart widget; here's a grauitous example from our testnet: https://www.tradingview.com/x/9wfelHXa/
[2014-11-24 13:10:52] BitMEX_Sam : So you can make some big &btc;
[2014-11-24 13:11:48] BitMEX_Arthur : Sam is in love with charts
[2014-11-24 13:11:54] BitMEX_Arthur : get Tone on here to go crazy with TA
[2014-11-24 13:12:12] BitMEX_Sam : Hahaha what can I say. The colors, Duke, the colors
[2014-11-24 13:18:48] laisee : my son can draw better than that, he's 5.
[2014-11-24 13:21:30] joequant : stupid question here. 1000 contracts = 1 XBT right?
[2014-11-24 13:26:32] BitMEX_Arthur : Contracts = XBT Notional / (0.00001 * Price)
[2014-11-24 13:26:39] BitMEX_Arthur : 1 XBT is about 250 contracts
[2014-11-24 13:30:31] BitMEX_Sam : Think of it as 1000 satoshis per 1 USD, so a contract settling at 373 settles at 373*1000 satoshis. Thats what the `multiplier` means in the instrument table.
[2014-11-24 13:30:53] patricksuen : cool site
[2014-11-24 13:31:47] jon : do you have or plan an Excel API?
[2014-11-24 13:31:59] BitMEX_Arthur : absolutely
[2014-11-24 13:32:30] jon : you know bankers love excel ;)
[2014-11-24 13:34:34] BitMEX_Arthur : yep
[2014-11-24 13:35:51] BitMEX_Arthur : people get jobs based on their vba and excel skills
[2014-11-24 13:36:27] jon : lol
[2014-11-24 13:36:57] jon : so you have one already?
[2014-11-24 13:37:11] BitMEX_Arthur : it's on our dev queue
[2014-11-24 13:37:17] jon : cool
[2014-11-24 13:45:09] equalpumps : how much margin can we use here? 10x
[2014-11-24 13:45:33] BitMEX_Sam : You can access the raw API via https://www.bitmex.com/explorer, but CSV output and nitty-gritty RTD stuff will be released later on
[2014-11-24 13:45:44] BitMEX_Sam : equalpumps: 3.3x initial, 5x maintenance
[2014-11-24 13:45:54] equalpumps : thanks
[2014-11-24 13:46:06] equalpumps : any affiliate program?
[2014-11-24 13:46:13] BitMEX_Sam : No, not at this time
[2014-11-24 13:54:04] joequant : holy heck what is happening on bitfinex
[2014-11-24 13:55:03] BitMEX_Arthur : SHORT SQUEEEEZZZEEEE
[2014-11-24 14:16:42] coroner : where do I activate google auth?
[2014-11-24 14:16:59] BitMEX_Sam : Go to Account - > My Account
[2014-11-24 14:17:19] coroner : ah, found it now
[2014-11-24 14:17:51] BitMEX_Sam : We'll be adding more options in the future depending on demand. Would like to do yubikey at the least.
[2014-11-24 14:18:49] Keyser_Soze : so its 0.5% fee both ways for a total of 1% fee
[2014-11-24 14:21:18] BitMEX_Sam : Yes, 50 bps per side.
[2014-11-24 14:21:24] coroner : is there any id verification needed to trade on this platform?
[2014-11-24 14:21:30] BitMEX_Arthur : at the moment no
[2014-11-24 14:21:40] coroner : but you might require it in the future?
[2014-11-24 14:23:14] BitMEX_Sam : Yeah, it's on the roadmap. We will likely implement it as a high position limit, and we'll give plenty of advance notice.
[2014-11-24 14:23:35] coroner : good, last thing I want is getting my funds locked up bitstamp-style
[2014-11-24 14:23:44] BitMEX_Sam : Nah of course not. We'd never block withdrawals
[2014-11-24 14:24:05] BitMEX_Sam : Each of us have dealt with shady exchanges before, it can be awful
[2014-11-24 14:24:05] Keyser_Soze : BitMEX_Sam: ok thanks thats to high i can trade futers other places for a third of that have a nice day
[2014-11-24 14:24:29] BitMEX_Sam : Yes, but no other exchange will stand behind its settlements.
[2014-11-24 14:24:42] BitMEX_Sam : It's a premium product, we understand it's not for everyone.
[2014-11-24 14:25:21] coroner : imo you should trade on all exchanges to diversify risk of theft
[2014-11-24 14:30:11] joequant : Anyone else here going to the BTC conference at the end of the week.
[2014-11-24 14:30:52] joequant : in HK
[2014-11-24 14:30:56] joequant : :-)
[2014-11-24 14:31:25] coroner : not me, I'm on the other side of the planet pretty much
[2014-11-24 14:40:54] coroner : hmm, calendar spreads require double the margin of a single contract?
[2014-11-24 14:42:17] BitMEX_Arthur : at the moment 30% on each leg, that will come down as we put some more sophisticated rules around margin
[2014-11-24 14:42:30] BitMEX_Arthur : but it's very useful if you would like to roll positions
[2014-11-24 14:43:01] coroner : sorry, what is useful?
[2014-11-24 14:43:24] coroner : oh to trade an existing position against a calendar?
[2014-11-24 14:47:02] rhk : your market maker disappeared?
[2014-11-24 14:47:57] rhk : hmm.. all bids/offers disappeared for a minute there
[2014-11-24 14:48:18] BitMEX_Sam : likely just replacing orders and had a hiccup
[2014-11-24 14:48:24] rhk : nothing in jan
[2014-11-24 14:52:09] paywise : joe i'm going on saturday
[2014-11-24 14:52:32] paywise : tbh they bring the wrong people to speak at these confs
[2014-11-24 15:01:28] coroner : are there plans to get the data integrated with bitcoinwisdom or cryptowat.ch?
[2014-11-24 15:04:13] BitMEX_Sam : Yeah I've been working with a few chart providers
[2014-11-24 15:04:39] BitMEX_Sam : We implement the TradingView protocol (UDF) and our REST API is pretty simple, so it will be very simple
[2014-11-24 15:04:41] coroner : nice, it's just more convenient if i can flip through charts with the same look
[2014-11-24 15:05:07] BitMEX_Sam : Yeah of course. You can also get a standalone chart at https://www.bitmex.com/chart?symbol=XBTZ14
[2014-11-24 15:05:40] BitMEX_Sam : Been working on getting bitfinex data integrated into our charts so you can overlay them.
[2014-11-24 15:07:07] BitMEX_Sam : If you have multiple monitors, you can also fullscreen many of our widgets using the button at the top right.
[2014-11-24 15:07:45] BitMEX_Sam : Some, like the orderbook and contract data, expand the data they show when fullscreened.
[2014-11-24 15:09:23] coroner : cool
[2014-11-24 15:21:55] coroner : I think there are some bugs in the order book representation
[2014-11-24 15:22:18] coroner : I placed an ask for 63 contracts @398 and it's somewhere in between the 38x asks now
[2014-11-24 15:22:29] rhk : oooh yeah... some wierd shit in the orderbook
[2014-11-24 15:23:13] rhk : seems ok after you refresh tho
[2014-11-24 15:23:36] coroner : you're right
[2014-11-24 17:01:58] laisee : order book for xbtf15 is behaving a little strange .keeps clearing down and redrawing with just 2 levels. is it my internet connection?
[2014-11-24 17:03:22] BitMEX_Sam : No, that's not you
[2014-11-24 17:03:34] BitMEX_Sam : A bot is placing and replacing those orders quickly.
[2014-11-24 17:03:57] BitMEX_Sam : Likely the user is indexing to the Bitfinex price and replacing orders on every movement.
[2014-11-24 17:05:02] laisee : hmmm ... bfx price is moving around, but these orders seem to be at same levels.
[2014-11-24 17:06:54] laisee : a bot with touch of OCD?
[2014-11-24 17:13:06] BitMEX_Sam : I think it just likes to be very precise
[2014-11-24 17:26:07] sleger : i dont understand the size, how much is 100 contracts ?
[2014-11-24 17:27:31] laisee : order book reappeared with 11 levels now.
[2014-11-24 17:29:32] BitMEX_Sam : sleger: It is the contract price * 1000 satoshis
[2014-11-24 17:29:33] BitMEX_Arthur : 100 contracts is approximately 0.3867
[2014-11-24 17:29:38] BitMEX_Sam : :)
[2014-11-24 17:29:56] BitMEX_Arthur : also you can see the value of any contract amount and price as the "Gross Value" in the order controls widget
[2014-11-24 17:30:15] BitMEX_Arthur : take a look at the calculator if you want to see how profit is calculated
[2014-11-24 17:35:21] sleger : ok so 1btc is approximately 260 ctracts
[2014-11-24 17:35:48] BitMEX_Arthur : correct
[2014-11-24 19:00:43] null : why isn't the fee 0%?
[2014-11-24 19:01:04] null : for the first month or so
[2014-11-24 19:01:09] null : or like for rest of 2014
[2014-11-24 19:01:19] null : I think that would be a great promo
[2014-11-24 19:02:38] BitMEX_Sam : We believe the product stands tall on its own, to be honest. We're serious about the product, about safe trading, and about standing behind our settlements and trades, and 0% fees aren't really a part of that ethos
[2014-11-24 19:04:03] BitMEX_Sam : We're also a 100% bootstrapped company, so it's important to build a sustainable business rather than cut & run.
[2014-11-24 19:40:56] BitMEX_Sam : Our first session ends in 20 minutes, congrats everyone
[2014-11-24 21:04:50] binaryfin : Congrats on the Launch!
[2014-11-24 21:05:05] binaryfin : just in time for my trip
[2014-11-24 21:09:06] BitMEX_Sam : :) Good to see you again @binaryfin
[2014-11-24 22:01:29] floopfloop : Sam, will you end up having a credit system like Bitfinex?
[2014-11-24 22:30:22] floopfloop : also, will there be a points system?
[2014-11-24 22:30:35] floopfloop : maybe have contests like Crypsy?
[2014-11-24 23:21:20] ShawnLeary : AWESOMENESS!
[2014-11-24 23:43:49] BitMEX_Arthur : morning asia
[2014-11-25 01:01:19] zareri : can you change the color themes?
[2014-11-25 01:03:49] BitMEX_Arthur : not a fan of the grey?
[2014-11-25 01:05:39] zareri : i am not, it is harder to read than the traditional black contrast
[2014-11-25 01:09:14] BitMEX_Arthur : ok thanks for the feedback
[2014-11-25 01:14:44] zareri : for sure, i just noticed your name. =) browsing the faq now. some good descriptions in there thus far.
[2014-11-25 01:15:13] BitMEX_Arthur : i'm glad u find them useful let us know if anything is unclear
[2014-11-25 01:15:34] zareri : These instruments are used to traded the implied interest ... typo
[2014-11-25 01:16:17] zareri : lesson 3 top of page.
[2014-11-25 01:16:42] BitMEX_Arthur : thanks ):
[2014-11-25 01:16:44] BitMEX_Arthur : :)
[2014-11-25 01:20:45] Aether : whats the highest leverage
[2014-11-25 01:20:50] Aether : this site offers?
[2014-11-25 01:23:31] BitMEX_Arthur : at the moment you may leverage up to 5x
[2014-11-25 01:25:32] Aether : will we see 50x or 100x ?
[2014-11-25 01:26:12] BitMEX_Arthur : the vol on Bitcoin is way to high for centrally clearing derivatives exchange to allow that kind of leverage
[2014-11-25 01:26:50] BitMEX_Arthur : USDJPY at 200x is like Bitcoin leverage at 20x imo
[2014-11-25 01:27:01] Aether : whats the max leverage you guys plan to offer?
[2014-11-25 01:27:57] BitMEX_Arthur : we are data dependant our chief risk officer will be evaluating the trading data and determining if and when we increase or decrease leverage
[2014-11-25 01:28:09] BitMEX_Arthur : i imagine once we have more data points we will be able to safely increase the leverage offered
[2014-11-25 01:28:14] Aether : oh nice
[2014-11-25 01:34:14] zareri : To hedger her bet,.....
[2014-11-25 01:34:22] zareri : hedging example 2
[2014-11-25 01:37:22] BitMEX_Arthur : thx
[2014-11-25 01:56:01] rhk : BitMEX_Arthur: any plans to list longer-dated futures?
[2014-11-25 02:01:19] Aether : can i have some free btc to test the site out before depositing?
[2014-11-25 02:42:17] BitMEX_Arthur : rhk: yes we want to build liquidity in the front months first
[2014-11-25 02:42:29] BitMEX_Arthur : our anchor market maker will make up to 12 months out
[2014-11-25 02:42:55] rhk : that would be good.. OKCoin has mar15 & ICBIT has sep15 listed already
[2014-11-25 02:43:33] BitMEX_Arthur : liquidity is our concern most traders focus on the front months so we don't want to spread ourselves too thin too early
[2014-11-25 02:44:11] zareri : so i am trying to remove indicators from the chart and the star is missing but they are staying drawn under the chart.
[2014-11-25 02:45:01] BitMEX_Arthur : Aether: we aren't in the business of giving away free coins, why don't you deposit 0.05 XBT which is quite a small amount and you can play around trading a few contracts, or go to https://testnet.bitmex.com to trade with testnet coins that have no value that is an exact replica of the real money exchange
[2014-11-25 02:45:21] BitMEX_Arthur : zareri: we have noticed that bug as well we are working on fixing that
[2014-11-25 02:48:56] zareri : indicators on charts are not removed after being disabled
[2014-11-25 02:49:04] zareri : df
[2014-11-25 02:51:35] BitMEX_Arthur : rhk: the march 2015 contract will be listed this friday
[2014-11-25 02:56:12] zareri : ok sorry for the multiple post, it was lagged out and i wasnt sure if it went though. =) glad you guys know and are working on it. So far this platform seems pretty solid. cant wait to see more volume and contract types
[2014-11-25 03:11:28] rhk : all prices disappeared again
[2014-11-25 04:14:03] zareri : can you change the time zone to your local one?
[2014-11-25 04:24:32] BitMEX_Arthur : it is your local timezone
[2014-11-25 04:24:55] BitMEX_Arthur : "Current Time" says the time in your location so for me i'm in HKT it reads GMT + 8
[2014-11-25 04:25:08] BitMEX_Arthur : all times are local to you
[2014-11-25 04:28:55] rhk : are jan prices going to come back?
[2014-11-25 04:31:40] BitMEX_Arthur : mm was out briefly he is putting them back in now
[2014-11-25 04:31:48] rhk : thx
[2014-11-25 04:58:43] rhk : BitMEX_Arthur: are there any settlement fees?
[2014-11-25 05:09:20] BitMEX_Arthur : rhk: no
[2014-11-25 06:03:59] BitMEX_Arthur : Rhk I misspoke I was referring to settlement of variation margin every 8 hours. We do charge commission on settlement day if you hold the contract to maturity. Sorry for the confusion.
[2014-11-25 06:07:40] rhk : yeah thats what i meant
[2014-11-25 06:07:45] rhk : same rate as trading fee?
[2014-11-25 06:56:42] rhk : BitMEX_Arthur: can you add those charges to the fees page?
[2014-11-25 06:57:04] rhk : btw, when's the launch party? ;)
[2014-11-25 06:57:56] cumberland : Day 1 volume total?
[2014-11-25 06:58:09] cumberland : is that a number we can find on the site?
[2014-11-25 07:11:22] BitMEX_Arthur : rhk: we will add that
[2014-11-25 07:11:36] BitMEX_Arthur : and the party will happen soon don't worry it's going to be a good one
[2014-11-25 07:12:17] BitMEX_Arthur : cumberland: we are working on that for you
[2014-11-25 07:17:36] cumberland : what was the total, anyways?
[2014-11-25 07:19:46] BitMEX_Sam : cumberland: In the meantime, you can query tradeBin and add up the 'volume' - try `curl -s "https://www.bitmex.com/api/v1/trade/bucketed?symbol=XBTZ14&binSize=1h" | jq "map(.volume) | add"`
[2014-11-25 07:20:41] BitMEX_Sam : that gives me `24526` for XBTZ14, `13571` for XBTF15, and `0` for XBTZ14_XBTF15
[2014-11-25 08:32:28] rhk : BitMEX_Sam: when are you likely to have fixed API access keys (ie no need to deal with token/renewal)?
[2014-11-25 08:36:37] BitMEX_Sam : ASAP, I have significant code written that will be ready soon.
[2014-11-25 08:38:24] BitMEX_Sam : rhk: Essentially the only blocker right now is testing, like any authentication method, one needs to be very sure it's implemented correctly.
[2014-11-25 08:40:53] rhk : BitMEX_Sam: are we talking days or weeks?
[2014-11-25 08:41:01] BitMEX_Sam : Days
[2014-11-25 08:41:10] rhk : BitMEX_Sam: ok great.. i'll hang on a bit then
[2014-11-25 08:41:20] BitMEX_Sam : Great.
[2014-11-25 08:41:41] BitMEX_Sam : Usually in the bots we and our partners have written, we simply wrap the request function in a try/catch waiting for 401s, then renew the token
[2014-11-25 08:42:03] BitMEX_Sam : Alternatively, since they are 24 hour tokens, you could set a timer to renew every 12hrs or so. But it's a bit of a pain either way
[2014-11-25 08:43:17] rhk : BitMEX_Sam: how does that work with the websocket API tho?
[2014-11-25 08:43:38] BitMEX_Sam : You can either grab an accessToken via REST and use it to auth, or auth through WS itself
[2014-11-25 08:43:49] BitMEX_Sam : See https://www.bitmex.com/app/wsAPI#authentication
[2014-11-25 08:46:54] rhk : BitMEX_Sam: where are the actual messages defined (for websockets)?
[2014-11-25 08:47:36] BitMEX_Sam : See https://www.bitmex.com/app/wsAPI#anatomy-of-a-response for some explanation of what comes out, or issue the `help` command when connected
[2014-11-25 08:47:44] BitMEX_Sam : sorry bad link there. let me fix that
[2014-11-25 08:49:13] rhk : BitMEX_Sam: e.g. the docs say i'll get a 'status' message if the token is invalid, but that isnt listed anywhere
[2014-11-25 08:49:16] BitMEX_Sam : See the `wsdump` example at the bottom, that's a good way to get a feel for it
[2014-11-25 08:49:26] rhk : also how would i send an order request via websocket?
[2014-11-25 08:49:44] BitMEX_Sam : At this time, you can't submit orders via WS
[2014-11-25 08:49:52] rhk : ah i see
[2014-11-25 08:50:01] rhk : so market data & account info only?
[2014-11-25 08:50:02] BitMEX_Sam : As for the status message, what that means is, a message containing `success` and `expiry`
[2014-11-25 08:50:16] BitMEX_Sam : Yeah. Real-time instrument, position, margin, orderbook, and trade data
[2014-11-25 08:50:25] BitMEX_Sam : As well as live executions and order updates
[2014-11-25 08:50:39] rhk : any plans to allow you to trade via the same interface?
[2014-11-25 08:50:57] BitMEX_Sam : I believe the request/response model of HTTP is better suited to placing orders - we support keep-alive so the latency should be nearly the same
[2014-11-25 08:51:02] BitMEX_Sam : But it's not out of the question
[2014-11-25 08:55:15] null : what is the leerage on XBTZ14?
[2014-11-25 08:55:25] null : leverage*
[2014-11-25 08:55:41] BitMEX_Sam : 30% initial margin, 20% maint, so 3.3 to 5x
[2014-11-25 08:56:25] null : so if I go long with 1BTC, I have 3.3BTC in play?
[2014-11-25 08:56:32] null : or 5?
[2014-11-25 08:57:17] BitMEX_Sam : 3.3 initially, and you're not margin called until your equity hits less than 20%
[2014-11-25 08:57:41] BitMEX_Sam : Try entering some values into the order box, you can see how the math works out
[2014-11-25 08:57:58] BitMEX_Sam : The calculator link will pop up a widget that can help you predict profits based on potential price movements
[2014-11-25 09:58:43] sjovani : the whole margin system does not work correct
[2014-11-25 09:59:01] BitMEX_Sam : sjovani: How so?
[2014-11-25 09:59:09] sjovani : i want to submit orders but cannot, even though have available margin...so effectively Initial margin is even more than those 30%
[2014-11-25 09:59:36] sjovani : "Order could not be submitted..risk value blabla....(cannot read rest of message)
[2014-11-25 09:59:51] BitMEX_Sam : Initial margin requirements apply to all orders that you have open, do you have a lot of orders open already?
[2014-11-25 10:00:00] sjovani : no
[2014-11-25 10:00:09] sjovani : I have "available margin of 6.55"
[2014-11-25 10:00:17] sjovani : so how big buy order should I then be able to place?
[2014-11-25 10:01:25] sjovani : i want to place buy order 1000, system dont let me
[2014-11-25 10:01:46] BitMEX_Sam : Okay. Hold on a second, looking into it.
[2014-11-25 10:07:51] BitMEX_Sam : @sjovani You bumped into an internal risk limit we implemented for new users
[2014-11-25 10:07:58] BitMEX_Sam : We have increased it, so you may trade as normal
[2014-11-25 10:08:04] BitMEX_Sam : You won't run into it again.
[2014-11-25 10:08:07] sjovani : OK
[2014-11-25 10:09:02] sjovani : still not working
[2014-11-25 10:09:08] sjovani : (after reloading page)
[2014-11-25 10:09:28] BitMEX_Sam : Okay, hold on, tracing down the message on that one...
[2014-11-25 10:10:28] BitMEX_Sam : Okay. Try again
[2014-11-25 10:11:41] sjovani : now it works
[2014-11-25 10:11:50] BitMEX_Sam : Great :)
[2014-11-25 10:12:26] BitMEX_Sam : We have a large array of internal risk checks to protect users - this particular one was a bit overzealous
[2014-11-25 10:12:33] BitMEX_Sam : We'd rather be too cautious than too risky, though.
[2014-11-25 10:13:40] sjovani : rather be just good in between
[2014-11-25 10:13:52] BitMEX_Sam : Of course.
[2014-11-25 10:14:00] BitMEX_Sam : Thanks for bearing with us
[2014-11-25 10:15:52] ANX4EVER : Hello!
[2014-11-25 10:16:27] BitMEX_Sam : Hey @ANX4EVER, how's it going
[2014-11-25 10:16:41] ANX4EVER : cool
[2014-11-25 10:16:45] ANX4EVER : just wanted to say hello
[2014-11-25 10:16:55] ANX4EVER : and give this thing a whirl too