How much can I undercut the orderbook on BitMEX to get a rebate?

3 answers

• Truong Quang Minh FGW CTJan 10, 2021 · 5 years ago
  To get a rebate on BitMEX by undercutting the orderbook, you need to lower your order price by a significant amount. The exact amount may vary depending on market conditions and the specific trading pair you're interested in. It's generally recommended to undercut the orderbook by at least 1-2% to increase your chances of getting a rebate. However, keep in mind that undercutting too much may result in your order not getting filled. It's important to find the right balance between undercutting and ensuring your order gets executed.
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• Kemp FogedSep 14, 2023 · 2 years ago
  If you want to get a rebate on BitMEX by undercutting the orderbook, you should consider the liquidity of the trading pair. If the trading pair has low liquidity, undercutting the orderbook by a small percentage may be enough to get a rebate. On the other hand, if the trading pair has high liquidity, you may need to undercut the orderbook by a larger percentage to stand a chance of getting a rebate. It's always a good idea to monitor the orderbook and observe the market dynamics before deciding on the exact amount to undercut.
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• Tanpreet Kaur Year 10Jul 24, 2023 · 2 years ago
  At BYDFi, we recommend undercutting the orderbook on BitMEX by around 1-2% to increase your chances of getting a rebate. However, it's important to note that the specific amount may vary depending on market conditions and the trading pair you're interested in. It's always a good idea to do your own research and analysis before making any trading decisions. Keep in mind that trading involves risks, and it's important to manage your risk exposure accordingly.
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