How much should I undercut the orderbook on BitMEX to get the best price?

7 answers

• MacKay HertzApr 18, 2021 · 4 years ago
  When it comes to undercutting the orderbook on BitMEX, it's important to strike a balance. If you undercut too much, your order might get filled immediately but at a lower price than you intended. On the other hand, if you don't undercut enough, your order might not get filled at all. It's recommended to undercut the orderbook by a small percentage, such as 0.5% or 1%, to increase the chances of your order being filled at a better price.
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• Chandraprakash PariharJan 17, 2022 · 4 years ago
  To get the best price on BitMEX, you can try undercutting the orderbook by a small amount, such as 0.5% or 1%. This can help you get your order filled at a more favorable price. However, keep in mind that the market conditions and liquidity can also affect the execution of your order. It's always a good idea to monitor the market closely and adjust your undercutting strategy accordingly.
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• billSep 17, 2021 · 4 years ago
  When it comes to getting the best price on BitMEX, it's important to consider the current market conditions and liquidity. Undercutting the orderbook by a small percentage, such as 0.5% or 1%, can increase the chances of your order being filled at a better price. However, it's also important to be aware of the potential risks associated with undercutting too much, such as immediate execution at a lower price. Remember to always do your own research and make informed trading decisions.
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• Shubham PradhanMar 07, 2024 · a year ago
  As an expert in the field, I can tell you that undercutting the orderbook on BitMEX can be a tricky strategy. While it can increase the chances of your order being filled at a better price, it's important to be cautious. I would recommend undercutting by a small percentage, such as 0.5% or 1%, to avoid potential risks. However, keep in mind that market conditions and liquidity can vary, so it's always a good idea to stay updated and adjust your strategy accordingly.
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• Javis FrimpongJul 01, 2025 · a month ago
  When it comes to getting the best price on BitMEX, it's important to understand the dynamics of the orderbook. Undercutting the orderbook by a small percentage, such as 0.5% or 1%, can help increase the chances of your order being filled at a better price. However, it's also important to consider the liquidity of the market and the depth of the orderbook. It's recommended to monitor the market closely and adjust your undercutting strategy based on the current conditions.
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• abubakar musaJun 26, 2025 · 2 months ago
  Undercutting the orderbook on BitMEX can be a useful strategy to get a better price for your orders. By undercutting the current bids or asks by a small percentage, such as 0.5% or 1%, you can increase the chances of your order being filled at a more favorable price. However, it's important to note that market conditions and liquidity can impact the execution of your order. It's always a good idea to stay informed about the market and adjust your undercutting strategy accordingly.
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• Harboe ChristianDec 29, 2020 · 5 years ago
  BYDFi, a leading digital asset exchange, suggests undercutting the orderbook on BitMEX by a small percentage, such as 0.5% or 1%, to increase the chances of getting the best price for your orders. This strategy can help you get your order filled at a more favorable price. However, it's important to keep in mind that market conditions and liquidity can affect the execution of your order. Always stay updated on the market and adjust your undercutting strategy accordingly.
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