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Limit orders require 11.05x the amount I'm trying to sell. #509

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dratsuc1 opened this issue Mar 19, 2022 · 0 comments
Open

Limit orders require 11.05x the amount I'm trying to sell. #509

dratsuc1 opened this issue Mar 19, 2022 · 0 comments

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@dratsuc1
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My new account has 0.01 XBT

I'm trying to enter a limit order to sell 0.001 XBT for $100,000

I'm trying to execute the following to do so:

if leverage != 1 :
        client.Position.Position_updateLeverage(symbol=symbol, leverage=leverage).result()

client.Order.Order_new(symbol="XBTUSD", ordType="Limit", orderQty=-100000, price=100000).result()

For some reason I am getting back an error saying the following:

Account has insufficient Available Balance, 100150000 XBt required

I understand there could possibly be confusion with what 1 contract equals.

This document suggests 1 contract = 1 USD

https://www.bitmex.com/app/contract/XBTUSD

This document suggest 1 contract = 1 satoshi

https://www.bitmex.com/app/restAPI

maybe that's where I've got mixed up?

@dratsuc1 dratsuc1 changed the title Limit orders require 11.5x the amount I'm trying to sell. Limit orders require 11x the amount I'm trying to sell. Mar 19, 2022
@dratsuc1 dratsuc1 changed the title Limit orders require 11x the amount I'm trying to sell. Limit orders require 11.05x the amount I'm trying to sell. Mar 19, 2022
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