Me: Why is Binance's API clearly design to inflict maximum pain on anyone who cares about... you know... Datatypes? Consistency? Not incinerating $? Also me: Crypto is pretty awesome, I can do basically whatever I want! Me but only rarely: Maybe these two facts are connected...
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On CME you have to compete with FPGA wielding peers though while the jitter of shitcoin exchanges is a great equalizer of infrastructure spend
i actually lol'd do you find that its difficult to optimize your capital efficiency spread across multiple exchanges in crypto? i'm always curious to hear how people think about "how many exchanges" is the right number to realize exchange arb
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Many exchanges will offer some form of credit facility to the big guys so it’s less of an issue. You can see even medium size firms moving into VC etc, so their available capital is clearly out-scaling the requirements. But as a small participant it’s definitely a tough problem.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Withdrawal/deposit liquidity is not a given; even on larger exchanges there can be idiosyncratic delays. And then most exchanges don't even have intra-exchange margin so you have to figure out how to allocate funds between futures/inverse futures/spot margin/lending. Huge PITA.
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And resting orders lock up your capital because of course they do, the risk engines are "good enough."
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