Scavenger Bot
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Bot Questions

WHAT IS THE MINIMUM BALANCE?

We recommend 0.2 BTC per direction when running Scavenger Bot. This allows you to use cross leverage to your benefit and minimize risk. You are able to run anything over 0.05 BTC per direction but this will increase your risk & chances of being fully liquidated immensely the less you use.

HOW DOES THE BOT HANDLE EXCHANGE OVERLOADS?

Scavenger Bot amends orders to keep on the books while the algorithm is able to have timeouts for incremental time periods with the ability to recalculate

WHAT IS CROSS MARGIN?

Cross Margin, also known as Spread Margin is a margin method that utilizes the full amount of funds in the Available Balance to avoid liquidations. Any realized PNL from other positions can aid in adding margin on a losing position.
This margin method is useful for users who are hedging existing positions and also for arbitrageurs that do not wish to be exposed on one side of the trade in the event of a liquidation.
Note that, by default all positions are initially set to Cross Margin.