Solvedccxt Bitfinex margin trading

Hi, I would like to know how can I implement a simple "create_order" in margin trading platform of bitfinex. I tried with:

result = bitfinex.create_order(symbol="XRP/BTC", type = "market", side = "sell", amount = 100)

In the documentation of the API: https://docs.bitfinex.com/v1/reference#rest-auth-new-order
they say that if we choose order type: "market" "limit" or others are margin trading orders, and if we start with "exchange...", orders are exchange orders.
But when I try with the previous code, I get this error:

bitfinex Invalid order: not enough exchange balance for 100 XRPBTC

  • OS: Linux
  • Programming Language: python3
  • CCXT version: last
  • Exchange: bitfinex
  • Method: create_order
16 Answers

βœ”οΈAccepted Answer

Hi!

  1. Bitfinex has several types of accounts, including an exchange account and a margin account.

  2. By default ccxt will create an exchange market or exchange limit type of orders, that involves the exchange account. The exchange prefix means that an order is not a margin order, but more like a spot order, immediate. Also, it will query the exchange balance with fetchBalance () by default.

  3. If you want to override the order type that is sent towards Bitfinex and change it from default exchange order types to margin types, then you need to pass an extra params dictionary, like so:

params = { 'type': 'market' }  # 'market' without the 'exchange ' prefix means a margin order type
result = bitfinex.create_order(symbol="XRP/BTC", type = "market", side = "sell", amount = 100, params)

↑ This will create a margin order. And it will use the funds on your margin account.

  1. If you try to create an exchange order (accidentally used a wrong type, like you did) and all your funds are on your margin account, you will obviously see a "not enough exchange balance", because you are trying to create an exchange order and you don't have any exchange funds there. This explains the result that you were getting.

  2. The same is true for the other side, if all your funds are on the exchange account, you can't make a margin order without having any margin funds.

  3. If you want to fetch your margin balance you have to pass the extra params to fetchBalance as well to override its default preference for exchange funds:

margin_balance = bitfinex.fetch_balance({'type': 'trading'})

https://docs.bitfinex.com/v1/reference#rest-auth-new-order

screen shot 2018-01-12 at 09 26 07

Let me know if this answers your question or not.

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