Interesting approach, seems like Lending is available to qualified lenders too, with auctions every hour to determine rate and fill lending pool for the open positions requiring funding help.ftx.us/hc/en-us/artic
I wonder how intricate the involvement is in the process
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Got curious what the rates on this market were
Searching through the FTX US UI & API docs.ftx.us
I can't find anything about rates on lending from the margin auctions every hour, or any data on open longs or shorts (all data that can be found on eg., Bitfinex)
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I also got curious how FTX US deals w/CFTC stuff. anyone who has worked with US exchanges knows this is the legal risk on any margin trading product.
Kraken deals with it by forcing unwind at 28 days ("the 28 day rule")
FTX seems to say that loan ends on 30th day (or before?)
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I think it's a bid odd if is planning to just wall off the data on the margin market from the public
As a non-US person I can't access anything on UI or API showing this data
A US friend w/account who has not yet deposited $100K cant seem to access any data in UI either
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Anyone qualified for margin/lending can see it; you don't have to be US-based to access margin on FTX US
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but why wouldn't the data for what current rates are, or what current outstanding positions/loans are, just be public?
can one use FTX account to create FTX.us btw? had figured there would be spot-margin coming on normal FTX but looks like you do on US instead
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1) yeah should be public, I'll look into publishing it somewhere.
2) Looking into bringing it to FTX.com as well, but have to figure out how margin interacts with futures collateral
3) You can use basically the same credentials but have to re-submit
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it may make sense to do it Finex style where you have "Derivatives Wallet" and "Margin Wallet" -- and even further split to "Spot Wallet" although it may get annoying to divide up so much
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