FTX has one of the lowest fees. But I still have a lot of questions for related to FTX liquidation engine, volume-limited liquidation orders and backstop liquidity provider system. Have you ever thought to publish algorithm or source code of FTX liquidation engine?
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Don't think we can actually publish the source code--partially for security/abuse reasons--but a few of our Zendesk articles are pretty exact about how they work, e.g. this one: help.ftx.com/hc/en-us/artic
If you have more specific questions I'm happy to give them a shot!
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Found a small typo, think its suppose to be 0.001, not 0.01. And i couldn't reproduce the 10 orders per hour limit. First order under 0.001 gets cancelled outright.
And whats the reason for this limit? Avoid orderbook spam? And why only for the perp?
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Yeah the reason was to avoid orderbook spam--and only for BTC-PERP because that's where people really care :P
I'll look into whether it's changed!