Market Making Bot

Show quotes on both sides of the orderbook to profit from trading activity

Overview

The Python SDK also provides a simple MM box example: https://github.com/zetamarkets/zetamarkets-py/blob/master/examples/market_maker.py

This bot provides liquidity to Zeta DEX by issuing bid and ask quotes for a given asset. It monitors mark prices from Binance, using them to inform where it should be quoting. The bot won't hedge its position elsewhere, but a good starting place is using ccxt to hedge on your second favourite exchange 😊

If things are going well and you want to scale it up, reach out to us about our Maker Incentives Program!

Setup

• Install the Python SDK using the instructions in Python SDK to run pip and set up a wallet.

• Run python examples/market_maker.py. Note that the following configuration options are available via extra command line arguments:

  • -n: Network, defaults to mainnet

  • -u: RPC url, defaults to solana's public RPC

  • -c, Commitment level, defaults to Confirmed

  • -a: Asset, defaults to SOL

  • -s: Lot size, defaults to 0.1

  • -e: Edge, defaults 20

  • -o: Offset, defaults to 0