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bitfinexcom / bitfinex-api-node

BITFINEX NodeJS trading API - Bitcoin, Litecoin, and Ether exchange

Home Page:https://www.bitfinex.com/

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Can not Place Order

all2pie opened this issue · comments

commented

Issue type

  • [ * ] bug

Brief description

I am placing an Exchange Limit Buy Order with having price little bit less then market price, I have balance available but it is not executing and getting this error message:

["error",10001,"Invalid order: not enough exchange balance for 0.00235071 BTCUSD at 9122.2"]

Market Price at time of placing order: 9131.3
Specified Price: 9122.1687
Specified Amount: 0.00235071

Available Balance

commented

Hi @all2pie, thanks for opening an issue.

The problem here is that you're not accounting for the trading fees. Assuing that you'r fees are the standard 0.2%:

Before fees: 9122.1687 * 0.00235071 = 21.4435731848
Fees: 21.4435731848 * 0.002 = 0.00428871463

With fees = 21.4478618994

When fees are added, your total order cost is 0.0042537394 more than your available balance.