@OccultStories Are sell orders going through now?
sell orders seemed to go through via the api but did not get transmitted on-chain resulting in 100% loss resolutions despite selling for minimal loss.
Did the same happen to you?
@MoonDevOnYT I did a lot of research and figured out the math
The formula to calculate the fee is below
It would only be 3% if you bought on both sides at 50 cent entry price
1.56% at 50 cents on up and 1.56% at 50 cents on down
This would occur during hedging or arbitrage etc
How to calculate Polymarket fee for crypto 15 minute market:
fee = (fee_rate_bps / 10000) × (-2m³ + 1.26m² + 0.21m - 0.011) × (size × p)
Where:
fee_rate_bps = 1000 (so fee_rate_bps / 10000 = 0.1)
m = min(p, 1 - p) → the smaller distance to 0 or 1
p = price (as a decimal, e.g. 0.15)
size = number of shares (e.g. 100)
cant believe this is not publicly noted anywhere
How to calculate Polymarket fee for crypto 15 minute market:
fee = (fee_rate_bps / 10000) × (-2m³ + 1.26m² + 0.21m - 0.011) × (size × p)
Where:
fee_rate_bps = 1000 (so fee_rate_bps / 10000 = 0.1)
m = min(p, 1 - p) → the smaller distance to 0 or 1
p = price (as a decimal, e.g. 0.15)
size = number of shares (e.g. 100)
cant believe this is not publicly noted anywhere
As many people know, logging into costar required a SMS 2-factor code to be sent every time you sign in.
As of today, they now send a notification to your mobile device to grant access, a move many companies have been making over the last few years.
This small change will save the company an enormous amount of money.
Hey crypto crew! 🚀
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(Not advice... talk to a tax pro!)
Now I understand this is a large deal at $2m but this is just an example.
Send me a DM of what you are working with and let me see if I can find a similar deal to this one based on your buying criteria and buying power.