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 
[2015-12-26 21:38:23] wurstgelee : checkbox "isolate margin" on the right of you position (positions tab)
[2015-12-26 21:38:39] Mido : ok i did it
[2015-12-26 21:38:58] BitMEX_Wally : TschavaTschigger: Thank you for asking :) The HTTP status code is 429
[2015-12-26 21:38:58] Mido : but its on 0.00x cuz no one sold for this price yet
[2015-12-26 21:39:01] micmix : TschavaTschigger: you get HTTP status code 429, don't remember the message exactly
[2015-12-26 21:39:11] TschavaTschigger : thanks micmix and BitMEX_Wally
[2015-12-26 21:39:14] wurstgelee : Mido: then you dont have a position yet ;)
[2015-12-26 21:39:34] zanza : maybe its an "active order"
[2015-12-26 21:39:39] Mido : yes it is
[2015-12-26 21:40:00] Mido : U know, i wanted to set the margin and go to sleep
[2015-12-26 21:40:05] REKT : Liquidated long on XBT24H: Sell 25 @ 414.98
[2015-12-26 21:40:18] wurstgelee : Mido: risky ;)
[2015-12-26 21:40:27] Mido : well, yeah
[2015-12-26 21:40:30] Mido : :P
[2015-12-26 21:41:35] REKT : Liquidated long on XBT24H: Sell 1000 @ 414.68
[2015-12-26 21:42:24] Mido : what is default isolate margin?
[2015-12-26 21:42:41] micmix : well, I see the REKT bot was working hard on Christmas
[2015-12-26 21:42:55] zanza : yes
[2015-12-26 21:44:10] macios15 : why huobi order book is soo think
[2015-12-26 21:44:24] macios15 : thin* and ok is big
[2015-12-26 21:44:45] micmix : someone broke bitcoin rally but China is still buying: The CNY lending quota has been reached, complete form to reserve an order.
[2015-12-26 21:45:30] wurstgelee : china closed the -$8 gap
[2015-12-26 21:45:35] wurstgelee : now equal egain
[2015-12-26 21:45:35] micmix : lowest offer at 0.2% on OKC
[2015-12-26 21:46:48] micmix : yeah, I see that, first time since the summer I think
[2015-12-26 21:49:32] macios15 : china lower da fcuk
[2015-12-26 21:51:06] Mido : i have a question
[2015-12-26 21:51:25] Mido : oh
[2015-12-26 21:51:33] Mido : nvm
[2015-12-26 21:51:41] Mido : Going sleep, bye :D
[2015-12-26 21:55:06] REKT : Liquidated short on XBT24H: Buy 10370 @ 412.41
[2015-12-26 21:55:14] SnackyCoins : :O
[2015-12-26 21:57:24] zanza : hey SnackyCoins
[2015-12-26 22:15:00] SnackyCoins : yo
[2015-12-26 23:22:37] REKT : Liquidated short on XBT24H: Buy 1500 @ 417.11
[2015-12-27 00:18:28] billyboy402 : can some one tel me , if y9ou short XBT and buy okc 3 monthly , you make a profit , on the different but if it drops too much you shart losing money .,
[2015-12-27 00:19:20] billyboy402 : https://www.dropbox.com/s/yjfqz4chgnnm3pp/Buy%20and%20sell%20for%20future%20prem%20.xlsx?dl=0
[2015-12-27 00:20:06] billyboy402 : i create this excel ,. but look like it a bell cuve and has a sweet spot but alsot lose once it starts to move awasy
[2015-12-27 00:33:20] TschavaTschigger : billyboy402: can't open the excel file cause I am not at home, but remember that xbt are quanto futures and have a different payout structure
[2015-12-27 00:34:41] BitMEX_Wally : billyboy402: https://blog.bitmex.com/xbt-vs-xbu-chain/
[2015-12-27 00:34:43] BitMEX_Wally : (OKC futures are similar to our XBU futures)
[2015-12-27 00:35:02] BitMEX_Wally : billyboy402: Also: https://blog.bitmex.com/future-vs-future-arbitrage-with-xbu-chain/
[2015-12-27 00:55:09] gustavo7 : finex vs stamp wat
[2015-12-27 00:57:28] REKT : Liquidated long on XBT24H: Sell 7990 @ 408.11
[2015-12-27 01:53:09] REKT : Liquidated long on XBT24H: Sell 2000 @ 412.38
[2015-12-27 02:12:21] lockhedge : updated exchange weightings for BIX... 50% Bitfinex 30% Bitstamp 12% Huobi 8% Kraken https://github.com/robotfinance/BIX
[2015-12-27 02:12:58] lockhedge : and added a Demo for the Websocket API https://robotfinance.org/bix/
[2015-12-27 02:13:42] micmix : lockhedge: nice!
[2015-12-27 02:14:13] TschavaTschigger : lockhedge: this look absolutely fantastic
[2015-12-27 02:14:18] TschavaTschigger : looks*
[2015-12-27 02:15:21] TschavaTschigger : lockhedge: maybe you should also de-weight if a price of one exchange spikes or flashcrashes irrationally
[2015-12-27 02:15:28] lockhedge : thanks guys, this is the first day i can remember that BIX is below XBX, my MM bot made quite some money since it is using BIX as reference
[2015-12-27 02:16:25] lockhedge : TschavaTschigger: will work on dynamic de-weighting, inputs are highly welcome
[2015-12-27 02:17:28] TschavaTschigger : but the idea is great. I always hated tradeblock for being propietary
[2015-12-27 02:18:44] TschavaTschigger : anyway, I'm going to bed.. cya guys
[2015-12-27 02:19:34] lockhedge : propietary and endorsed by Goldman Sachs ;) cya
[2015-12-27 02:30:10] SlinQ : http://cyber.dealing.ninja/
[2015-12-27 02:30:17] SlinQ : i will make this opensource
[2015-12-27 02:36:50] REKT : Liquidated short on XBT24H: Buy 593 @ 413.14
[2015-12-27 02:49:20] REKT : Liquidated short on XBT24H: Buy 20909 @ 416.10 <b>MEGA-REKT</b>
[2015-12-27 02:50:50] REKT : Liquidated short on XBT24H: Buy 8861 @ 419.71
[2015-12-27 02:53:00] REKT : Liquidated short on XBT24H: Buy 200 @ 420.65
[2015-12-27 03:00:45] lockhedge : SlinQ: nice, would be interesting to see your backend code.
[2015-12-27 03:12:48] zanza : wtf
[2015-12-27 03:12:51] zanza : Bitcoin is insane
[2015-12-27 03:48:26] Mido : why is my unrealised pnl changing
[2015-12-27 03:48:43] Mido : if i already sold my contracts?
[2015-12-27 03:58:21] BitMEX_Wally : Mido: If you have no positions then your unrealisedPnl is 0
[2015-12-27 04:01:09] BitMEX_Wally : At the time you messaged you had a position in XBT7D, but it looks like you found it and closed it now
[2015-12-27 04:19:41] REKT : Liquidated long on XBT24H: Sell 1 @ 418.35
[2015-12-27 04:19:41] REKT : Big whale detected
[2015-12-27 04:21:01] REKT : Liquidated long on XBT24H: Sell 400 @ 417.14
[2015-12-27 04:31:01] REKT : Liquidated long on XBT24H: Sell 3100 @ 415.29
[2015-12-27 04:31:01] REKT : Liquidated long on XBT7D: Sell 4000 @ 416.79
[2015-12-27 04:32:22] REKT : Liquidated long on XBT7D: Sell 200 @ 415.50
[2015-12-27 04:48:02] REKT : Liquidated short on XBT24H: Buy 5 @ 417.68
[2015-12-27 05:41:02] REKT : Liquidated long on XBT7D: Sell 1000 @ 414.77
[2015-12-27 08:54:35] REKT : Liquidated long on XBT24H: Sell 300 @ 415.91
[2015-12-27 09:27:41] ethexio : Rekt
[2015-12-27 10:16:21] laisee : rekkage piling up
[2015-12-27 10:17:09] jesperf : the vultures will clean 'em up
[2015-12-27 10:39:34] djuan : i wouldn’t short this. its going to soar up to 440 soon
[2015-12-27 10:51:02] djuan : maybe 435 ;)
[2015-12-27 10:52:01] djuan : hell we may be at 460 by the end of the day
[2015-12-27 11:04:24] ysl : where to do trading or lending?
[2015-12-27 11:04:51] ysl : not user friendly atm
[2015-12-27 11:05:48] ysl : no tab or anything for trading/lending
[2015-12-27 11:11:51] djuan : deposit bitcoin first.
[2015-12-27 11:12:59] djuan : no lending as far as I’m aware
[2015-12-27 11:14:29] ysl : ok..depositing now.
[2015-12-27 11:15:08] ysl : so theres no tab/option to buy/lend when there's 0 deposit..
[2015-12-27 11:15:30] sleger : no lending means no lending
[2015-12-27 11:15:49] ysl : i read there's lending
[2015-12-27 11:15:55] sleger : read again
[2015-12-27 11:16:52] ysl : https://blog.bitmex.com/
[2015-12-27 11:17:05] ysl : In order to attract more liquidity, the fee schedule has been restructured. Makers who provide liquidity will be paid 0.10%. Takers will pay 0.30%.
[2015-12-27 11:18:07] REKT : Liquidated long on XBT24H: Sell 150 @ 423.13
[2015-12-27 11:20:15] djuan : longing now. that was just a little set back
[2015-12-27 11:25:29] djuan : large short orders and small longs. come on people. believe in yourself
[2015-12-27 11:27:01] sleger : ysl: I dont see anything about lending in that sentence
[2015-12-27 11:28:22] ysl : this means lending.? --> Makers who provide liquidity will be paid 0.10%.
[2015-12-27 11:28:42] sleger : no it means leaving a limit order in the book, this is trading commission
[2015-12-27 11:28:48] djuan : no it means reward
[2015-12-27 11:30:30] ysl : ok..
[2015-12-27 11:31:19] laisee : lending on Bitfinex, other sites ... but you still need some assets for collateral/security
[2015-12-27 11:35:43] ethexio : i beleib
[2015-12-27 11:40:59] ethexio : https://www.reddit.com/r/Bitcoin/comments/3ydwg2/warning_abnormally_high_number_of_blocks/
[2015-12-27 12:25:09] REKT : Liquidated long on XBT24H: Sell 200 @ 421.95
[2015-12-27 12:32:12] zanza : someone manipulating the bitcoin protocol? that could be very bearish
[2015-12-27 12:48:09] REKT : Liquidated long on XBT24H: Sell 2300 @ 420.56
[2015-12-27 12:48:09] REKT : Liquidated long on XBT24H: Sell 150 @ 420.39
[2015-12-27 13:06:20] jung1 : or new kind of minnich chips = more security
[2015-12-27 13:13:15] cataquil : antpool has the most block in the past few hours
[2015-12-27 13:13:32] cataquil : I cloudmine there and profit per TH/s has gone down
[2015-12-27 13:15:24] cataquil : there were 2 blocks which took less than a minute to solve
[2015-12-27 13:25:58] zanza : cataquil: cloudmine? seriously?
[2015-12-27 13:34:41] sleger : you guys really want to know what is going on with blockchain and TH/s ? I can tell you...
[2015-12-27 13:38:40] zanza : i do not want to know
[2015-12-27 13:39:40] sleger : then you should sign out, I will let you know on the chat when it's ok for you to sign back in ;)
[2015-12-27 14:00:30] REKT : Liquidated short on XBT24H: Buy 500 @ 417.74
[2015-12-27 14:05:36] cataquil : zanza: yep and buy/sell GH/s contracts
[2015-12-27 14:05:41] cataquil : a bit like bonds
[2015-12-27 14:07:09] jung1 : any chance to add thiss sound to REKT bot? https://www.youtube.com/watch?v=H22t-tiWiLw
[2015-12-27 14:16:29] cataquil : err no thanks
[2015-12-27 14:22:15] zanza : cataquil: isn't just buying BTC better deal ?
[2015-12-27 14:22:52] zanza : sleger: ok im back , did you already say?
[2015-12-27 14:23:09] sleger : nobody asked so no
[2015-12-27 14:26:14] BitMEX_Wally : What would you do if rapidtrades wanted to know?
[2015-12-27 14:34:44] gielbier : sleger: tell me :)
[2015-12-27 14:35:01] sleger : ahhh thank you, I was dying !!!
[2015-12-27 14:35:44] sleger : So I used rapidtrades magic formula (11=14) and from then you can easily find a way to crack RSA code, which I do now on a piece of paper when I have some spare time to mine a couple of blocks, hence the hashrate increase !
[2015-12-27 14:35:48] TschavaTschigger : next stop: goblin town
[2015-12-27 14:59:01] REKT : Liquidated short on XBT24H: Buy 9 @ 419.99
[2015-12-27 15:38:21] BitMEX_Wally : We now support amending order quantity or price over API. Check it out in testnet: https://testnet.bitmex.com/api/explorer/#!/Order/Order_amend
[2015-12-27 15:39:40] BitMEX_Wally : Combined with `execInst: "ParticipateDoNotInitiate"` (i.e. only trade if you get the maker rebate) is great for market makers
[2015-12-27 16:19:22] REKT : Liquidated long on XBT24H: Sell 8 @ 417.41
[2015-12-27 16:28:32] REKT : Liquidated long on XBT24H: Sell 476 @ 416.88
[2015-12-27 17:15:00] j8 : BitMEX_Wally: very cool, lots of new stuff in there. hidden orders too it seems?
[2015-12-27 17:41:14] TschavaTschigger : BitMEX_Wally: this is fantastic. very nice job.
[2015-12-27 17:47:24] Swedishnut : Yeah Bitmex continues to impress
[2015-12-27 18:08:38] dr.rock : im about to go kamikaze
[2015-12-27 18:08:53] dr.rock : BONZI
[2015-12-27 18:09:46] dr.rock : Banzai!
[2015-12-27 18:19:27] cekseh : All in 15 contracts!
[2015-12-27 18:22:36] dr.rock : if i only played with 15 contracts i'd be sitting pretty right now
[2015-12-27 18:22:48] dr.rock : :)
[2015-12-27 18:23:07] dr.rock : happy new year
[2015-12-27 18:33:32] cekseh : World ends jan 1st 2016
[2015-12-27 18:33:39] cekseh : Just fyi
[2015-12-27 18:37:04] REKT : Liquidated short on XBT24H: Buy 100 @ 424.99
[2015-12-27 18:37:04] REKT : Liquidated short on XBT24H: Buy 819 @ 424.85
[2015-12-27 18:37:04] REKT : Liquidated short on XBT24H: Buy 300 @ 424.62
[2015-12-27 18:37:43] wurstgelee : $7 premium on xbt24h ? seriously?
[2015-12-27 18:38:28] manchstr_untd1 : big move due soon. expected to be bullish?
[2015-12-27 18:38:52] wurstgelee : thats toooo optimistic imo ;)
[2015-12-27 19:14:05] SnackyCoins : @BitMEX_Arthur @BitMEX_Sam @BitMEX_Wally $6 premium on 24h when okc weekly is at a discount? is this right?
[2015-12-27 19:22:24] chromaticcr : affirmitive with too much contracts opening lol
[2015-12-27 19:22:29] chromaticcr : getting some deposits~
[2015-12-27 19:41:44] chromaticcr : got 4k conts, wish y'all luck
[2015-12-27 19:46:55] jung1 : you are short?
[2015-12-27 19:47:18] chromaticcr : @SnackyCoins : should be in the green as long as price stays in the range between 390-460, quanto inverse arb got risk
[2015-12-27 20:15:13] SnackyCoins : in the green yes but given we're sideways it should only be a couple dollars
[2015-12-27 20:16:28] SnackyCoins : last time there was a $6 premium we were going up pretty rapidly
[2015-12-27 20:23:15] habibi : lel wtf is wrong with that premium on 24 today :D?
[2015-12-27 20:23:27] wurstgelee : dunno
[2015-12-27 20:23:46] wurstgelee : well have a lot of mc longs on a minor dump ;)
[2015-12-27 20:23:59] habibi : few hours ago it was at normal price
[2015-12-27 20:25:07] TschavaTschigger : can anybody rationally explain to me why coinbase was $8 above finex yesterday? I still don't get that
[2015-12-27 20:25:34] TschavaTschigger : bitcoin markets are super-weird sometimes
[2015-12-27 20:28:51] Swedishnut : Dyslexia Helps :P
[2015-12-27 20:29:18] stf28 : https://www.reddit.com/r/Bitcoin/comments/3ydwg2/warning_abnormally_high_number_of_blocks/
[2015-12-27 20:34:13] habibi : 6 dollar premium
[2015-12-27 20:34:15] habibi : u are mad
[2015-12-27 20:35:15] chromaticcr : We need some short rekt to get higher premium to arb lol
[2015-12-27 20:37:35] habibi : 7d wtf :D
[2015-12-27 20:37:50] BitMEX_Sam : Blocks are bursty today
[2015-12-27 20:37:52] BitMEX_Sam : https://blockchain.info/blocks
[2015-12-27 20:40:23] SnackyCoins : sam is the fair price functioning normally?
[2015-12-27 20:40:46] SnackyCoins : there seems to be a really high premium considering the market action of the past 24h
[2015-12-27 20:41:01] wurstgelee : i dont see the problem
[2015-12-27 20:41:11] habibi : no 6k bot
[2015-12-27 20:41:16] habibi : thats why this spread on 24h
[2015-12-27 20:41:16] wurstgelee : fair price is between bids and asks, right?
[2015-12-27 20:41:19] habibi : i mean premium
[2015-12-27 20:41:20] SnackyCoins : no wurst
[2015-12-27 20:41:34] SnackyCoins : fair price includes a fair basis interest set by bitmex
[2015-12-27 20:41:44] SnackyCoins : the bots trade around it
[2015-12-27 20:42:08] SnackyCoins : during sideways market, at 24h contract OPEN we usually see maybe $2
[2015-12-27 20:42:23] wurstgelee : fair price is not fixed by that basis interest
[2015-12-27 20:42:30] SnackyCoins : $7 premium is what i would expect to see if we were making daily upwards $15 moves or so
[2015-12-27 20:42:35] wurstgelee : orders play their part too
[2015-12-27 20:42:52] SnackyCoins : how do the orders play in?
[2015-12-27 20:42:59] SnackyCoins : fair price is basis + index
[2015-12-27 20:43:36] SnackyCoins : there is nothing any whale or user can do to affect the fair price of a contract on bitmex.com.. they'd have to play a spot market to change it
[2015-12-27 20:43:39] wurstgelee : BitMEX_Sam: do you have that calculation formula link at hand? ;)
[2015-12-27 20:43:51] SnackyCoins : i'll go double check 8)
[2015-12-27 20:43:54] BitMEX_Sam : https://www.bitmex.com/app/dynamicProfitEqualisation#fair-price-marking
[2015-12-27 20:43:58] habibi : guys go mm on 7 days
[2015-12-27 20:44:03] habibi : u see what happens without mm
[2015-12-27 20:44:47] wurstgelee : SnackyCoins: weighted mid price
[2015-12-27 20:44:56] SnackyCoins : this is new for me on this page 8)
[2015-12-27 20:45:19] wurstgelee : BitMEX_Sam: thanks
[2015-12-27 20:46:28] habibi : i mean 24h, not 7d
[2015-12-27 20:47:43] SnackyCoins : So the premium is high because we are bid heavy? How does this weight work when the contract is first issued?
[2015-12-27 20:49:22] BitMEX_Sam : The idea is that the fair should follow the market within reason, but make manipulation expensive and not allow cascading liquidations
[2015-12-27 20:49:47] BitMEX_Sam : I would have to double-check with Wally for the exact info but I believe that in the absence of a book (right at issuance), the contract follows a precalculated fair basis
[2015-12-27 20:50:01] wurstgelee : BitMEX_Sam: seems like it, yes
[2015-12-27 20:50:17] wurstgelee : right after opening, fair price is=index price for a while
[2015-12-27 20:50:27] BitMEX_Wally : wurstgelee: Yes you are correct
[2015-12-27 20:51:01] wurstgelee : yay \o/
[2015-12-27 20:51:15] BitMEX_Wally : The fair basis is adjusted based on the weighted market price: https://www.bitmex.com/app/dynamicProfitEqualisation#weighted-bid-ask-and-mid-price
[2015-12-27 20:52:08] SnackyCoins : So does this mean someone could push the fair price using a large order, but they would have to place it fairly close to the front of the book to be counted?
[2015-12-27 20:52:48] SnackyCoins : is this calcuated every tick?
[2015-12-27 20:53:01] wurstgelee : you could push it, but thats risky ands expensive
[2015-12-27 20:53:27] BitMEX_Wally : Yes you would have to use a large order, and hold it there over time
[2015-12-27 20:53:55] wurstgelee : it only works out if market moves in your direction
[2015-12-27 20:54:02] wurstgelee : otherwise you pay big time
[2015-12-27 20:54:23] SnackyCoins : OK that sounds good. I still think the premium is unusual 8) but I will just take it as data
[2015-12-27 20:54:40] wurstgelee : it reflects bitmex tarder's sentiment atm ;)
[2015-12-27 20:54:46] wurstgelee : *traders
[2015-12-27 20:54:51] BitMEX_Wally : :)
[2015-12-27 20:55:05] SnackyCoins : yeah we have quite a great deal of sentiment divergence between exchanges it would seem today :)
[2015-12-27 20:55:15] wurstgelee : hehe, yes
[2015-12-27 20:55:37] Swedishnut : any press is good press I guess :)
[2015-12-27 20:55:58] Swedishnut : turn up the Volume please and smooth stuff out would be great...
[2015-12-27 21:00:44] macios15 : 2730 in next h
[2015-12-27 21:18:22] TschavaTschigger : BitMEX_Wally: any ETA on when the amend-feature will go live? :)
[2015-12-27 21:20:04] BitMEX_Wally : TschavaTschigger: Lots of testing needed so in the new year
[2015-12-27 21:20:16] TschavaTschigger : ok, makes sense
[2015-12-27 21:34:37] REKT : Liquidated short on XBT24H: Buy 50 @ 428.83
[2015-12-27 22:00:39] wurstgelee : even when its going down we keep the premium of $5+
[2015-12-27 22:00:41] wurstgelee : lol :)
[2015-12-27 22:12:00] justinlooking : wtf is going on
[2015-12-27 22:20:10] wurstgelee : dunno
[2015-12-27 22:20:46] rapidtrades : hey is username login disabled now? I got prompted for email
[2015-12-27 22:20:53] rapidtrades : hey btw
[2015-12-27 22:21:50] BitMEX_Wally : Yes has to be email
[2015-12-27 22:22:01] rapidtrades : BitMEX_Wally: ok good, thanks
[2015-12-27 22:27:30] rapidtrades : that's a lot of premium...anyone else selling into that?
[2015-12-27 22:27:55] wurstgelee : else? there are no sells?
[2015-12-27 22:27:57] macios15 : ema 1h going to cross thats why
[2015-12-27 22:28:16] habibi : nope
[2015-12-27 22:28:24] habibi : one big guy with great long
[2015-12-27 22:29:10] rapidtrades : so china still hasn't catched up huh
[2015-12-27 22:29:12] wurstgelee : extreme thin orderbook tho
[2015-12-27 22:29:14] habibi : btw thats the time when isolated is much more safer
[2015-12-27 22:29:16] rapidtrades : what do u make of that?
[2015-12-27 22:29:25] wurstgelee : on the buy side
[2015-12-27 22:30:07] rapidtrades : fair prices is f-ed up as well
[2015-12-27 22:30:24] wurstgelee : yes, bc of orders obv
[2015-12-27 22:30:42] rapidtrades : it should tend towards the middle of bid/ask no?
[2015-12-27 22:31:07] wurstgelee : lol
[2015-12-27 22:31:08] REKT : Liquidated short on XBT24H: Buy 2965 @ 431.53
[2015-12-27 22:31:08] REKT : Liquidated short on XBT24H: Buy 50 @ 431.07
[2015-12-27 22:31:08] REKT : Liquidated short on XBT24H: Buy 3931 @ 431.64
[2015-12-27 22:31:16] wurstgelee : nice jumping fair price
[2015-12-27 22:31:18] wurstgelee : oO
[2015-12-27 22:31:25] habibi : lol fair price jumped 2 dollars \
[2015-12-27 22:31:32] wurstgelee : wtf?
[2015-12-27 22:31:44] rapidtrades : wally stop f*cking with the fair price :)
[2015-12-27 22:32:03] wurstgelee : wtf....
[2015-12-27 22:32:04] habibi : BitMEX_Wally: got position for 0.18 margin
[2015-12-27 22:32:13] tajnalaska : to the moon?
[2015-12-27 22:32:16] TschavaTschigger : the price is perfectly fine
[2015-12-27 22:32:16] habibi : get isolated mc and lost much twice at it, why?
[2015-12-27 22:32:39] wurstgelee : TschavaTschigger: it was below bids for a while, then suddenly jumped by $2
[2015-12-27 22:32:45] wurstgelee : doesnt seem normal to me
[2015-12-27 22:32:51] habibi : yep totally fucked up
[2015-12-27 22:32:56] chromaticcr : arb the fuck outta it
[2015-12-27 22:33:27] rapidtrades : so is finex API down or smth
[2015-12-27 22:35:25] TschavaTschigger : wurstgelee: it can be below bids, this is working as intented... it uses <b>weighted</b> bid-ask mid for the fair price
[2015-12-27 22:35:47] rapidtrades : finex is playing it cool
[2015-12-27 22:35:50] wurstgelee : TschavaTschigger: nothing happened in the orderbooks when it jumped
[2015-12-27 22:36:09] rapidtrades : wurstgelee: maybe time happened?
[2015-12-27 22:36:19] TschavaTschigger : the highest bid and the lowest ask don't have to change
[2015-12-27 22:36:42] wurstgelee : i have grouped by 1.00
[2015-12-27 22:36:50] wurstgelee : there wasnt any serious movement
[2015-12-27 22:37:24] habibi : BitMEX_Wally: BitMEX_Sam?
[2015-12-27 22:37:58] BitMEX_Wally : The market is moving quickly
[2015-12-27 22:38:10] habibi : there was no move
[2015-12-27 22:40:40] micmix : no 6k bot to stabilize the book
[2015-12-27 22:40:48] wurstgelee : thats probably it
[2015-12-27 22:41:00] rapidtrades : I see 6k?
[2015-12-27 22:41:01] haxmb : which idiot is marking 7 bucks over inex
[2015-12-27 22:41:04] chromaticcr : there is a 2k bot to stabalize the rocket to the moon
[2015-12-27 22:41:11] habibi : yea but 16 contracts buy made fair price
[2015-12-27 22:41:16] habibi : moved 2+ dollars?
[2015-12-27 22:41:42] wurstgelee : *all of a sudden, thats the point
[2015-12-27 22:41:47] wurstgelee : one tick to another
[2015-12-27 22:41:58] micmix : 6k with $8 spread, it's not the same 6k bot that was quoting with 40-50 spread
[2015-12-27 22:42:06] micmix : 40-50c
[2015-12-27 22:42:35] habibi : 0.8-1.2 recently
[2015-12-27 22:42:37] BitMEX_Wally : The fair basis is adjusted based on the depth weighted price of 10 XBT worth of risk on both sides
[2015-12-27 22:43:04] BitMEX_Wally : The depth weighted spread has to be less than 50 bps for there to be an adjustment
[2015-12-27 22:43:11] habibi : so how it could move 2 dollars without price moving?
[2015-12-27 22:43:18] habibi : ah so its all about orderbook?
[2015-12-27 22:43:24] wurstgelee : yes
[2015-12-27 22:43:32] chromaticcr : more like a bot that refer to the fair price where pumping up the market will have positive feedback loop to pump it further more
[2015-12-27 22:43:48] habibi : quite easy to manipulate right?
[2015-12-27 22:43:53] BitMEX_Wally : Most bots use some underlying spot reference
[2015-12-27 22:44:33] wurstgelee : the problem is the thin orderbook/absence of big orders
[2015-12-27 22:44:36] chromaticcr : infinity ammo
[2015-12-27 22:45:05] wurstgelee : combined with big spread bewteen bid and asks, it easy to manipulate
[2015-12-27 22:45:07] macios15 : da fuck
[2015-12-27 22:45:11] macios15 : 425 xD
[2015-12-27 22:45:18] chromaticcr : 425 and back up again
[2015-12-27 22:45:21] chromaticcr : agin
[2015-12-27 22:45:30] rapidtrades : dam missed it
[2015-12-27 22:45:40] chromaticcr : aaaaand bot wall is up again
[2015-12-27 22:46:02] wurstgelee : lol oO
[2015-12-27 22:46:15] chromaticcr : again...... *3
[2015-12-27 22:46:18] wurstgelee : such fuckery
[2015-12-27 22:46:20] macios15 : that 425 was only 1k
[2015-12-27 22:46:38] REKT : Liquidated long on XBT24H: Sell 1792 @ 427.70
[2015-12-27 22:46:45] wurstgelee : lololol
[2015-12-27 22:46:46] chromaticcr : lol
[2015-12-27 22:47:00] micmix : 2k bot was pushing up
[2015-12-27 22:47:04] wurstgelee : this is fucked up ;)
[2015-12-27 22:47:22] chromaticcr : if the bot get rekt there will be a lot of dpe for hell sure
[2015-12-27 22:47:42] micmix : reacted to my test bot with 20 contracts ;-) I stopped my test bot
[2015-12-27 22:47:50] wurstgelee : haha
[2015-12-27 22:47:53] micmix : should get to normal now
[2015-12-27 22:48:26] rapidtrades : well those were one of the quikest profits made here
[2015-12-27 22:48:28] rapidtrades : tnx...
[2015-12-27 22:48:40] chromaticcr : wonder who :)
[2015-12-27 22:49:04] macios15 : eating premium
[2015-12-27 22:49:07] chromaticcr : i am like 4k conts... already full for me
[2015-12-27 22:49:20] micmix : I'll have lunch and come back to test some more
[2015-12-27 22:49:21] haxmb : micmix
[2015-12-27 22:49:23] haxmb : turn back on plz
[2015-12-27 22:49:49] habibi : micmix: so ur bot pushed price so badly? :D
[2015-12-27 22:50:06] wurstgelee : no, his bot stopped another bot doing it ;)
[2015-12-27 22:50:29] micmix : it was a feedback loop bc of thin book
[2015-12-27 22:50:34] chromaticcr : for impact of 20 contracts
[2015-12-27 22:50:53] haxmb : turn it back on to make that other one buy too high
[2015-12-27 22:51:07] wurstgelee : happening again? :)
[2015-12-27 22:51:13] chromaticcr : yup
[2015-12-27 22:51:21] micmix : but 2k bot should have some better checks, it shouldn't be possible to push it with 20 contracts
[2015-12-27 22:52:09] rapidtrades : as a wise man once said
[2015-12-27 22:52:17] rapidtrades : ''It shouldn't be but it do!''
[2015-12-27 22:52:46] micmix : ok, lunch time, will be back to play with it more
[2015-12-27 22:52:48] haxmb : micmix: turn back on? <3
[2015-12-27 22:52:57] haxmb : pretty please ;)
[2015-12-27 22:53:02] wurstgelee : haha ;)
[2015-12-27 22:53:18] Gomezpl : yeah and tel which way you are turning it on d ;p
[2015-12-27 22:53:33] chromaticcr : 1 Contract whale detected
[2015-12-27 22:53:45] wurstgelee : some mad bot
[2015-12-27 22:53:50] Gomezpl : yeah
[2015-12-27 22:53:52] rapidtrades : sleger buying :)
[2015-12-27 22:54:00] TschavaTschigger : rapidtrades you finished coding your bot?
[2015-12-27 22:54:05] rapidtrades : ya
[2015-12-27 22:54:13] habibi : thats me, wanted to feel like rapidtrades :)
[2015-12-27 22:54:18] mwalshe99 : big moves
[2015-12-27 22:54:31] chromaticcr : that is rapid lol
[2015-12-27 22:54:38] habibi : yep
[2015-12-27 22:54:40] wurstgelee : well, let that bot drive the price up to $8-10 premium again, short, wait for circuit breaker, $$$ profit :P
[2015-12-27 22:54:53] rapidtrades : wurstgelee: yeah sounds good
[2015-12-27 22:55:01] chromaticcr : what about a rapid-clear-the-book with a fat finger market order XDD
[2015-12-27 22:56:12] wurstgelee : micmix broke the other bot
[2015-12-27 22:56:14] wurstgelee : :p
[2015-12-27 22:56:21] Gomezpl : genius:)
[2015-12-27 22:56:51] rapidtrades : fun times when bots go nuts :D
[2015-12-27 22:57:08] chromaticcr : SantaBot ;)
[2015-12-27 22:58:07] chromaticcr : and the boxing day (time) will be 13 hours later
[2015-12-27 23:04:17] rapidtrades : usd still above china....do u think they'll catch up after the new year?
[2015-12-27 23:04:26] rapidtrades : the pagans don't even do new year right?
[2015-12-27 23:05:06] Gomezpl : china go dooowwwwnn last days they must catch up sonner or later
[2015-12-27 23:24:48] REKT : Liquidated long on XBT24H: Sell 860 @ 425.77
[2015-12-27 23:40:24] rapidtrades : still a bit surreal watching china so low
[2015-12-27 23:48:04] rapidtrades : CHINA ALERT
[2015-12-27 23:48:09] rapidtrades : okc usd above finex
[2015-12-27 23:48:19] REKT : Liquidated long on XBT24H: Sell 305 @ 425.43
[2015-12-27 23:48:19] REKT : Have a bowl of chop-chop suey
[2015-12-27 23:48:20] rapidtrades : now back down
[2015-12-27 23:48:59] TschavaTschigger : hm.. interesting
[2015-12-27 23:49:00] Gomezpl : gogo china buy it
[2015-12-27 23:49:03] rapidtrades : looks like tonight china will climb back on top
[2015-12-27 23:50:07] TschavaTschigger : looks more like you want to get rid of your long
[2015-12-27 23:50:54] TschavaTschigger : next hour, something crazy will happen
[2015-12-27 23:52:12] rapidtrades : cny still below usd....only okc usd on par with finex now
[2015-12-27 23:56:46] macios15 : china up bitmex down , china down bitmex up
[2015-12-27 23:57:08] Gomezpl : long night tonight
[2015-12-28 00:03:24] micmix : TschavaTschigger: was it yours 2k bot?
[2015-12-28 00:03:32] TschavaTschigger : micmix: nope
[2015-12-28 00:03:39] REKT : Liquidated short on XBT24H: Buy 200 @ 427.22
[2015-12-28 00:03:39] micmix : good :-)
[2015-12-28 00:03:51] Gomezpl : micmi dont play your just tell us first;p
[2015-12-28 00:04:15] Gomezpl : shot my keybord broken dont have "eks" letter
[2015-12-28 00:05:37] Gomezpl : sorry for misspelling nickname
[2015-12-28 00:05:46] micmix : no problem :-)
[2015-12-28 00:06:04] Gomezpl : yeah but i have problem shitty keyboard:)
[2015-12-28 00:06:19] Gomezpl : earning time for new one:)
[2015-12-28 00:07:06] micmix : BitMEX_Wally, are you there?
[2015-12-28 00:12:14] BitMEX_Arthur : micmix: Hi
[2015-12-28 00:12:38] habibi : u are not the Wally he is looking for
[2015-12-28 00:12:48] Gomezpl : :)
[2015-12-28 00:14:14] micmix : BitMEX_Arthur: Hi Arthur! I have a suggestion for Wally: implement time smoothing for mark price to avoid $2-3 jumps when the orderbook is thin
[2015-12-28 00:14:36] micmix : will prevent unneeded liquidations
[2015-12-28 00:14:56] wurstgelee : micmix: good idea
[2015-12-28 00:15:52] TschavaTschigger : or just use more impact margin... 0.1 btc is not much, about 2500 contracts atm
[2015-12-28 00:16:09] habibi : 160+k contracts here
[2015-12-28 00:16:11] TschavaTschigger : but yeah, time smoothing is smart too
[2015-12-28 00:16:14] habibi : something is no yes today :D
[2015-12-28 00:17:45] micmix : something basic like exponential smoothing will work well, and he can test different smoothing factors to make sure it reacts fast enough
[2015-12-28 00:18:08] TschavaTschigger : you could use impact margin of 0.5-0.8 with lower weights for higher orderbook-levels
[2015-12-28 00:18:25] TschavaTschigger : something intelligent, right now it's plain simple and too easy to manipulate
[2015-12-28 00:19:53] micmix : yeah, I agree with @TschavaTschigger, it's easy to manipulate when liquidity is low as we saw today with 'battle of the bots' :-)
[2015-12-28 00:21:36] wurstgelee : premium is still odly high currently
[2015-12-28 00:21:50] wurstgelee : *D
[2015-12-28 00:26:13] micmix : BitMEX_Arthur: I also question the decision to allow hidden orders (on testnet now). You can get an orderbook that looks empty even though it's full of orders, and regular traders will be afraid to trade here. At least charge a fee for hidden orders like finex does.
[2015-12-28 00:32:01] SnackyCoins : lol @ traders will be afraid when literally every other exchange has hidden orders
[2015-12-28 00:33:41] BitMEX_Wally : micmix: Hidden orders will pay the taker fee
[2015-12-28 00:33:52] BitMEX_Wally : If you execute against a hidden order you get paid the maker rebate
[2015-12-28 00:35:14] BitMEX_Wally : I think Bitfinex do similar
[2015-12-28 00:38:29] SnackyCoins : I hope to find hidden orders 8)
[2015-12-28 00:39:13] micmix : BitMEX_Wally: that's good, finex used to charge a fixed fee for hidden orders, now it's just taker fee. what about iceberg orders?
[2015-12-28 00:40:17] BitMEX_Wally : Iceberg orders will pay the taker fee.
[2015-12-28 00:40:37] BitMEX_Wally : If you execute against a hidden portion of the iceberg order you get the maker fee for the whole amount
[2015-12-28 00:41:39] BitMEX_Wally : So if I have `orderQty=1000` and `displayQty=200` and you trade 100 contracts against the visible 200 you pay taker, but if you trade 300 contracts you get the maker rebate
[2015-12-28 00:42:47] micmix : got it. If I place an order with displayQty < orderQty will I be charged taker fee on the whole orderQty or only on the hidden portion?
[2015-12-28 00:43:28] BitMEX_Wally : If you have a non-null displayQty then you pay taker fee on the whole orderQty
[2015-12-28 00:44:00] micmix : ok, so MMs will not be able to use iceberg or hidden orders
[2015-12-28 00:44:06] TschavaTschigger : why would anybody use iceberg orders then?
[2015-12-28 00:44:20] BitMEX_Wally : micmix: MM correct, you have to pay to play
[2015-12-28 00:44:25] micmix : that's good for the orderbook appearence
[2015-12-28 00:45:00] BitMEX_Wally : Iceberg orders are not for market makers, they are for people building positions who do not want to show their hand to the market
[2015-12-28 00:45:32] TschavaTschigger : Ah... gotcha. didn't know that.
[2015-12-28 00:45:44] TschavaTschigger : that makes sense
[2015-12-28 00:48:16] BitMEX_Wally : Let me know what other order types or features you'd like
[2015-12-28 00:48:28] TschavaTschigger : no wait. why would anyone place an iceberg order (and pay taker on everything) when he can use a normal display=orderQty together with a hidden order (and collect maker on visible amount)?
[2015-12-28 00:49:34] BitMEX_Wally : TschavaTschigger: He can do that, the benefit is that the displayQty is automatically replenished after being filled
[2015-12-28 00:50:45] habibi : so basic bot can do it with rebate
[2015-12-28 00:51:11] BitMEX_Wally : One reason to use an iceberg order rather than a completely hidden order is that there is less chance of the hidden order being discovered
[2015-12-28 00:51:31] BitMEX_Wally : If I place a hidden order at the mid price (i.e. `displayQty=0`) it only takes 1 contract to ping to discover it
[2015-12-28 00:52:16] BitMEX_Wally : But if I have `orderQty=10000` and `displayQty=1000` (say) then you have to trade more than 1000 to find the hidden 9000
[2015-12-28 00:52:43] micmix : BitMEX_Wally: you can discover hidden order for free using ParticipateDoNotInitiate
[2015-12-28 00:52:51] BitMEX_Wally : micmix: Nope
[2015-12-28 00:53:06] BitMEX_Wally : ParticipateDoNotInitiate will execute against hidden orders and will get paid the maker rebate
[2015-12-28 00:53:19] BitMEX_Wally : ParticipateDoNotInitiate basically means 'do not pay taker fee'
[2015-12-28 00:54:17] micmix : yes, but if I place ParticipateDoNotInitiate order in the mid and get it executed right away I will know that there is a hidden order between the top bid/ask and the mid
[2015-12-28 00:54:35] micmix : but yeah, it will cost 1 contract
[2015-12-28 00:54:38] TschavaTschigger : you dont need a ParticipateDoNotInitiate f or this
[2015-12-28 00:54:42] BitMEX_Wally : As as if you entered a normal order
[2015-12-28 00:55:16] BitMEX_Wally : ParticipateDoNotInitiate does not let you sniff out hidden orders without trading. Same as a regular order.
[2015-12-28 00:55:24] BitMEX_Wally : I thought about this carefully
[2015-12-28 00:55:31] micmix : you are right, doesn't matter if I'm still paid maker rebate
[2015-12-28 00:55:36] BitMEX_Wally : :)
[2015-12-28 00:56:09] TschavaTschigger : so, comparing 1) iceberg against 2) normal + hidden... what's the benefit of 1) over 2)? the only reason I can think of is saving API calls. because everything you can do with 1), you can also do with 2), just cheaper
[2015-12-28 00:56:31] BitMEX_Wally : Yes, it saves API calls to babysit
[2015-12-28 00:56:37] TschavaTschigger : ah ok
[2015-12-28 00:56:48] micmix : you need a bot to replenish visible portion in case of 2)
[2015-12-28 00:57:06] macios15 : bitmex smae price when china was at 2700 fucking index
[2015-12-28 00:58:47] micmix : BitMEX_Wally: ok, another question. How is an IOC order executed against the hidden/iceberg? Same as regular limit order?
[2015-12-28 00:59:01] BitMEX_Wally : Yes
[2015-12-28 00:59:11] BitMEX_Wally : IOC just means that after eating through the order book the order is cancelled.
[2015-12-28 00:59:21] BitMEX_Wally : An IOC order can be a limit order or a market order
[2015-12-28 00:59:41] TschavaTschigger : BitMEX_Wally: when I place an iceberg, and it get's hit, and the display amount keeps replenishing... then I will pay taker for everything while display<orderQty right? and as soon as display==orderQty, I get paid maker?
[2015-12-28 00:59:53] TschavaTschigger : god the chat
[2015-12-28 01:00:14] TschavaTschigger : then I will pay taker for everything while display<orderQty, but after display==orderQty, I get paid maker right?
[2015-12-28 01:00:14] BitMEX_Wally : Iceberg orders always pay the taker fee
[2015-12-28 01:00:29] TschavaTschigger : oh, the < does not work without whitespace
[2015-12-28 01:01:25] BitMEX_Wally : BTW, do not send `displayQty` unless you want to pay taker fee. If you send `displayQty=orderQty` you will be wasting your money :)
[2015-12-28 01:01:35] TschavaTschigger : BitMEX_Wally: but not if the displayQty == orderQty, when the iceberg order got hit before and it kept replinishing.. then I will get maker, right?
[2015-12-28 01:01:57] TschavaTschigger : because then technically, it is no iceberg order anymore
[2015-12-28 01:02:28] BitMEX_Wally : Basically if you set a non null `displayQty` then the order always pays taker fee
[2015-12-28 01:02:46] BitMEX_Wally : Even if the `leavesQty` is less than `displayQty`
[2015-12-28 01:03:10] micmix : got it, never set displayQty :-)
[2015-12-28 01:03:42] BitMEX_Wally : micmix: Unless you want the snazzy feature of course :)
[2015-12-28 01:04:24] micmix : I will use it when getting rid of big positions
[2015-12-28 01:04:46] TschavaTschigger : this means that if displayQty == 1000 and orderQty == 4000, they hit 3000 (I pay taker of course), then 1000 are left (display and overall) and I also pay taker for that
[2015-12-28 01:05:20] TschavaTschigger : wouldn't it make more sense to set displayQty to null after the hidden amount is gone?
[2015-12-28 01:05:40] micmix : it would be more fair I guess
[2015-12-28 01:08:10] BitMEX_Wally : If people start using these orders and cancelling them once `leavesQty<displayQty` then I'll look into making the fee logic more complex
[2015-12-28 01:08:42] micmix : BitMEX_Wally: no batch order placement/amend for now?
[2015-12-28 01:08:43] BitMEX_Wally : If people start using these orders and cancelling them once leavesQty is less than displayQty then I'll look into making the fee logic more complex
[2015-12-28 01:09:06] BitMEX_Wally : micmix: No batch amend yet but it will come
[2015-12-28 01:09:44] micmix : Can't wait to stuff the orderbook with 10+ orders on both sides :-)
[2015-12-28 01:10:02] TschavaTschigger : this looks exiting overall
[2015-12-28 01:11:16] micmix : yes, thumbs up on the changes! OneCancelsTheOther and OneTriggersTheOther very useful, as well as order amend
[2015-12-28 01:15:07] BitMEX_Wally : :)
[2015-12-28 01:15:50] BitMEX_Wally : You can chain OTO orders together. The `clOrdLinkID` can link to another order's `clOrdID` (not just link to `clOrdLinkID`)
[2015-12-28 01:16:13] BitMEX_Wally : So you can have a bid that when executed places an offer, that when executed places a bid, etc etc. Poor mans market making bot
[2015-12-28 01:17:08] BitMEX_Wally : You can even have an OTO order that triggers a pair of OCO orders
[2015-12-28 01:18:08] BitMEX_Wally : Or multiple OTO orders that trigger one `clOrdLinkID` group
[2015-12-28 01:19:28] micmix : yeah, that's mind boggling. I'll have to think how to use something like that
[2015-12-28 01:20:57] BitMEX_Wally : They can even be used across different instruments. So a bid on XBU7D when executed triggers a sell on XBT7D, etc etc
[2015-12-28 01:23:30] TschavaTschigger : sounds very nice... my poor master thesis :(
[2015-12-28 01:24:51] micmix : can I provide more than one clOrdLinkID?
[2015-12-28 01:29:08] BitMEX_Wally : micmix: Only one at the moment
[2015-12-28 01:29:22] BitMEX_Wally : But it can target many orders with that clOrdLinkID
[2015-12-28 01:32:13] micmix : you mean that clOrdID doesn't have to be unique?
[2015-12-28 01:33:42] BitMEX_Wally : Ignore `clOrdID` for the moment. You can have 3 orders with the same `clOrdLinkID`. If the first order has `contingencyType=OneTriggersTheOther` then the subsequent 2 orders will start `NotTriggered` pending the first order being filled
[2015-12-28 01:33:43] micmix : not sure I understand what you mean
[2015-12-28 01:35:11] micmix : ok, got it. I thought clOrdLinkID should be equal to clOrdID of the target order
[2015-12-28 01:35:29] TschavaTschigger : I think, they dont have to do anything with each other
[2015-12-28 01:35:42] BitMEX_Wally : micmix: You can use them that way, but do not have to
[2015-12-28 01:36:02] BitMEX_Wally : If you have `clOrdLinkID` equal to the `clOrdID` of the target order then it will trigger that order.
[2015-12-28 01:36:18] BitMEX_Wally : I added this as an extra option so you could chain them together
[2015-12-28 01:36:29] TschavaTschigger : the cl0rdLinkID does not necessarily equal any cl0rdID of an order, it can just be meant for linking purpose, right?
[2015-12-28 01:36:36] BitMEX_Wally : TschavaTschigger: Correct