zetamarkets / zeta-market-maker

Market maker for DEX

Maker

Maker bot with ability to provide liquidity to Zeta DEX, and offset via Hedge exchange (eg. bybit)

Setup

1. Add wallet key and bybit api key to secrets.json.
2. Choose configuration parameters in config.json.
3. Add RPC endpoint.
4. For new wallets, ts-node src/initialize_accs.ts, this will deposit a specified amount into Zeta DEX.

Run

npm i
ts-node src/app.ts

Remote setup

Expose port 85 used by web APIs.

# allow for port 85 usage
sudo setcap cap_net_bind_service=+ep /usr/bin/node

Web interface

# fetches positions and top level summaries
curl localhost:85/position/zeta          # venue: zeta or hedge
curl localhost:85/position/zeta/BTC      # venue: zeta or hedge, asset: BTC, ETH or SOL

# fetches restart counter
curl localhost:85/restart

# renders auto-refreshed html dashboard
localhost:85/dashboard?refresh=10        # if no refresh param, defaults to 10s

Configuration Parameters

  "quoteIntervalMs": 30000, // interval for periodic refresh of all quotes, regardless of price movements
  "markPriceStaleIntervalMs": 5000, // MM bot will shutdown if mark prices are stale by more than this time
  "positionRefreshIntervalMs": 10000, // How often positions will be refreshed on Zeta and hedge exchange
  "riskStatsFetchIntervalMs": 30000, // How often risk stats will be refreshed on Zeta and hedge exchange
  "lockingIntervalMs": 3000, // Mutex wrapper config, for resource locking
  "tifExpiryOffsetMs": 30000, // If using TIF orders, the maximum time orders will be live for

  "cashDeltaHedgeThreshold": 10000, // in $ terms, the delta mm bot can reach between Zeta and Hedge exchange before it auto-hedges
  "webServerPort": 85,

  "assets": {
    "SOL": {
      "maxZetaCashExposure": 25000, // in $ terms, maximum position mm bot will accumulate on zeta before it only tries to reduce it's position
      "maxNetCashDelta": 20000, // in $ terms, another safety barrier where if the delta between Zeta and hedge exchange >= maxNetCashDelta, we stop quoting
      "quoteLotSize": 0.01, // The number of lots to quote incrementally
      "widthBps": 12, // quote width
      "requoteBps": 1, // if mark price moves requoteBps, mm bot will requote
      "instruments": [ // each level is how much size you are quoting at the respective price increment in $ terms.
        {
          "marketIndex": 137,
          "levels": [
            { "priceIncr": 0.0, "quoteCashDelta": 200 },
            { "priceIncr": 0.0005, "quoteCashDelta": 1000 },
            { "priceIncr": 0.001, "quoteCashDelta": 5000 },
            { "priceIncr": 0.0015, "quoteCashDelta": 5000 },
            { "priceIncr": 0.004, "quoteCashDelta": 15000 }
          ]
        }
      ],
      "leanBps": 5 // how much the mm will lean its quotes as it accumulates a position either long or short
    }
  }