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Main => General Discussion => Topic started by: Rafikichi on April 24, 2015, 06:45:41 am

Title: Something confusingly messed up about this marketplace.
Post by: Rafikichi on April 24, 2015, 06:45:41 am
If you have a short order at 250 bts/usd for 1% and the blockchain order history shows an order just went thru at 268 bts/usd while yours still waits... how the hell does this behavior make sense and can someone explain it to me?
Title: Re: Something confusingly messed up about this marketplace.
Post by: svk on April 24, 2015, 08:58:16 am
"Invisible" cover orders in the old wallet version that happen at feed price + 10% and a bug that doesn't let shorts match cover orders. Fixed in 0.9.0
Title: Re: Something confusingly messed up about this marketplace.
Post by: svk on April 24, 2015, 09:08:09 am
Actually I was wrong, it seems to be simply a question of "You get what you ask for".

I assume you're talking about this:

Code: [Select]
Buy 268.601 BTS/USD 9,224.01 BTS 34.341 USD 0.0000 USD Apr 24, 2015 7:05:10 AM
Short 247.000 BTS/USD 34.341 USD 9,224.01 BTS
Buy 268.601 BTS/USD 244.74 BTS 0.911 USD 0.0000 USD Apr 24, 2015 7:05:10 AM
Short 248.000 BTS/USD 0.911 USD 244.74 BTS

As you can see someone placed a buy order well above the lowest ask, and got matched with shorts at 247 and 248 BTS/USD.
Title: Re: Something confusingly messed up about this marketplace.
Post by: starspirit on April 24, 2015, 09:56:15 am
Actually I was wrong, it seems to be simply a question of "You get what you ask for".

I assume you're talking about this:

Code: [Select]
Buy 268.601 BTS/USD 9,224.01 BTS 34.341 USD 0.0000 USD Apr 24, 2015 7:05:10 AM
Short 247.000 BTS/USD 34.341 USD 9,224.01 BTS
Buy 268.601 BTS/USD 244.74 BTS 0.911 USD 0.0000 USD Apr 24, 2015 7:05:10 AM
Short 248.000 BTS/USD 0.911 USD 244.74 BTS

As you can see someone placed a buy order well above the lowest ask, and got matched with shorts at 247 and 248 BTS/USD.
So that buy order just got charged a massive fee of nearly 10%? I thought the system was meant to protect from front-runners, but is it worth the cost?
Title: Re: Something confusingly messed up about this marketplace.
Post by: Rafikichi on April 24, 2015, 01:26:14 pm
Oh there we go.  I knew the slippage goes to fees, but failed to see the matching order.  Thanks.  I figured there was something I was missing.