BitMex is my first crypto trading platform where I try find the market edge. Why spread trading? Because it's an interesting strategy different from classic speculation. And of course I want to practise Data Analyst
18.05 - Monday
Chart: Average block spread XBTUSD:XBTM20 / Time
Average = 72
Median = 65,50
In the chart, we see that spread in early morning is high. Over time spread it starts to fall.
Table: Lowest Spread BTC FUTURES- BTC SPOT in day
Table: Highest Spread BTC FUTURES- BTC SPOT in day
I used only ASK side because I want take rebate in sell side.
Maker Fee- -0,0250% when Sell limit ASK
Taker Fee - 0,0750% when Buy market ASK
Total Fee - 0,0500%
BTC Price - 9690 * 0,0500% = 4,85 point
Link to BitMex: https://www.bitmex.com/
I used MS SQL, Power BI to write this article.