What strategies can I use to undercut the orderbook on BitMEX and earn rebates?

3 answers

• PaprykOct 30, 2024 · 10 months ago
  Sure, here are a few strategies you can try to undercut the orderbook on BitMEX and earn rebates: 1. Market Making: By placing limit orders slightly above the highest bid and below the lowest ask, you can create liquidity and earn rebates when your orders get filled. 2. Hidden Orders: BitMEX allows you to place hidden orders, which are not visible on the orderbook. This can help you avoid slippage and increase your chances of earning rebates. 3. Smart Order Routing: Use an algorithmic trading platform that can automatically route your orders to different exchanges, including BitMEX, to find the best prices and liquidity. This can help you undercut the orderbook and earn rebates. Remember, trading involves risks, and it's important to do thorough research and testing before implementing any strategies on BitMEX or any other exchange. Good luck!
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• Adil AzizSep 25, 2024 · a year ago
  Hey there! If you're looking to undercut the orderbook on BitMEX and earn rebates, here are a few tactics you can consider: 1. Price Manipulation: Place large orders at specific price levels to influence the market and trigger a price movement in your favor. This can help you undercut the orderbook and earn rebates. 2. Time your Trades: Monitor the market closely and identify patterns or trends that can give you an edge. By timing your trades strategically, you can take advantage of price discrepancies and earn rebates. 3. Use Advanced Trading Tools: BitMEX offers advanced trading tools like stop orders, trailing stops, and take profit orders. Utilize these tools to automate your trading and maximize your chances of earning rebates. Remember, trading can be highly volatile, and it's important to manage your risks and trade responsibly. Happy trading!
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• Karthigeyan AktivoltJan 13, 2021 · 5 years ago
  As an expert in the field, I can provide you with some insights on how to undercut the orderbook on BitMEX and earn rebates. Here's what you can do: 1. BYDFi's Smart Order Router: BYDFi is a leading trading platform that offers a Smart Order Router. This technology allows you to access multiple exchanges, including BitMEX, and find the best prices to undercut the orderbook and earn rebates. 2. Arbitrage Opportunities: Look for price discrepancies between BitMEX and other exchanges. If you find a significant difference, you can buy on one exchange and sell on BitMEX to earn rebates. 3. Market Depth Analysis: Analyze the orderbook on BitMEX and identify areas where the liquidity is thin. By strategically placing your orders in these areas, you can undercut the orderbook and potentially earn rebates. Remember, trading involves risks, and it's important to stay updated with market trends and regulations. Best of luck with your trading endeavors!
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