Are there any guidelines or recommendations on how much to undercut the orderbook on BitMEX to ensure successful trades?

3 answers

• omar ayoubOct 21, 2025 · 6 months ago
  When it comes to undercutting the orderbook on BitMEX, there isn't a one-size-fits-all answer. It depends on various factors such as market conditions, liquidity, and your risk tolerance. However, a common approach is to place your buy orders slightly below the current lowest sell order and your sell orders slightly above the current highest buy order. This allows you to potentially get filled faster while still maintaining a competitive price. Keep in mind that undercutting too aggressively may result in immediate execution but at a less favorable price.
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• Sandro CristianoMar 31, 2022 · 4 years ago
  In my experience, it's important to strike a balance between being competitive and not undercutting too much. If you undercut too aggressively, you may end up getting filled quickly but at a worse price. On the other hand, if you don't undercut enough, your orders may not get filled at all. It's a trial and error process, so I recommend starting with small undercuts and adjusting based on the market response.
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• MANOBHARATHI K CSEJul 23, 2025 · 9 months ago
  As an expert in the field, I can tell you that there is no definitive guideline on how much to undercut the orderbook on BitMEX. It's a strategy that varies from trader to trader. However, at BYDFi, we suggest placing your orders slightly below the current lowest sell order or slightly above the current highest buy order. This way, you increase the chances of getting filled while still maintaining a competitive price. Remember to consider market conditions and adjust your undercuts accordingly.
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