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hojas/bisq_arbitrage_notes/operation/Manual purchase through bisq daemon.md
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2023-12-09 19:27:21 +01:00

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I am going to perform a manual trade through the bisq daemon with the bisq cli in order to get familiar with a full trade flow. I'll carefully describe below:
- The plan
- The execution log, with each output and response
- The flow of funds throughout.
----
# The plan
The plan is simply to buy some BTC by taking a small offer. The steps would be:
0. Unlock wallet with `unlockwallet`.
1. Fund the wallet
1. Get a BTC address from the CLI with `getfundingaddresses`.
2. Send 0.01 BTC to the address.
3. Check the balance of the BTC address with `getbalance` and `getaddressbalance`.
2. Buy a small amount of BSQ
1. Check the available offers with `getoffers --direction=BUY --currency-code=BSQ`
2. Pick one and take it with `takeoffer`. Payment must come from `BsqSwapAccount` payment account.
3. Check the change in BSQ and BTC balances with `getbalance --currency-code=BTC` and `getbalance --currency-code=BSQ`. The BTC balance should comply with BTC = starting_btc + purchased_btc - mining_fee. The BSQ balance should comply with BSQ = starting_bsq - trading_fee.
3. Buy a small amount of BTC
1. Check the available offers with `getoffers --direction=BUY --currency-code=BSQ`.
2. Pick one (preferably revolut since it's fast) and take it with `takeoffer`.
3. Check it on the list of open trades with `gettrades --category=open`.
4. Send the payment through the fiat system.
5. Confirm the payment with `confirmpaymentstarted`.
6. Regularly check `gettrade` until the trade is finished.
7. Once it appears finished, verify that it appears in `gettrades --category=closed`.
4. Review balances and empty the wallet.
1. Check the change in BSQ and BTC balances with `getbalance --currency-code=BTC` and `getbalance --currency-code=BSQ`. The BTC balance should comply with BTC = starting_btc - (purchased_bsq * price) - trading_fee - mining_fee.
2. Send the remaining BSQ to my main wallet with `sendbsq`
3. Check the change in BSQ and BTC balances with `getbalance --currency-code=BTC` and `getbalance --currency-code=BSQ`. The BTC balance should comply with BTC = starting_btc - mining_fee. The BSQ balance should be zero.
4. Send the remaining BTC to my main wallet with `sendbtc`.
5. Check that the BTC balance is zero.
# Log
*Note: `bisq_cli` is an alias to call the bisq cli with the password included. Simply syntactic sugar.*
0. Unlock wallet with `unlockwallet`.
command: `bisq_cli unlockwallet --wallet-password=noesfacilvivirsinbisq --timeout=3600`
output: `wallet unlocked`
1. Fund the wallet
1.1 Get a BTC address from the CLI with `getfundingaddresses`.
- command: `bisq_cli getfundingaddresses`
- output:
```bash
BTC Address Available Balance Confirmations Is Used
bc1qnafthlvmfknywypgjvg6l04rxg30w740s7p2px 0.00000000 0 NO
```
1.2 Send 0.01 BTC to the address.
1.3 Check the balance of the BTC address with `getbalance` and `getaddressbalance`.
- command: `bisq_cli getbalance`
- output:
```bash
BTC
Available Balance Reserved Balance Total Available Balance Locked Balance
0.01000000 0.00000000 0.01000000 0.00000000
BSQ
Available Confirmed Balance Unverified Balance Unconfirmed Change Balance Locked For Voting Balance Lockup Bonds Balance Unlocking Bonds Balance
0.00 0.00 0.00 0.00 0.00 0.00
```
with `getaddressbalance`:
- command: `bisq_cli getaddressbalance --address=bc1qnafthlvmfknywypgjvg6l04rxg30w740s7p2px`
- output:
```bash
BTC Address Available Balance Confirmations Is Used
bc1qnafthlvmfknywypgjvg6l04rxg30w740s7p2px 0.01000000 0 YES
```
2. Buy a small amount of BSQ
2.1 Check the available offers with `getoffers --direction=BUY --currency-code=BSQ`
- command: `bisq_cli getoffers --direction=BUY --currency-code=BSQ`
- output:
```bash
Buy/Sell Price in BTC for 1 BSQ BTC(min - max) BSQ(min - max) Payment Method Creation Date (UTC) ID
Sell BSQ (Buy BTC) 0.00003848 0.00490000 - 0.03850000 127.34 - 1000.52 BSQ Swap 2022-08-30T14:36:35Z 14389-ec20aa00-c9eb-41e0-9e3a-5340b371b8e2-194
Sell BSQ (Buy BTC) 0.00003849 0.00500000 - 0.05000000 129.90 - 1299.04 BSQ Swap 2022-08-30T11:41:56Z zwievr-085f03d1-94d6-4501-8010-242cd29199d2-195
Sell BSQ (Buy BTC) 0.00003938 0.00610000 - 0.01560000 154.90 - 396.14 BSQ Swap 2022-08-30T11:57:27Z TZITsBb-f137baac-2f6f-48ca-8d4f-34f790097d23-195
Sell BSQ (Buy BTC) 0.00003940 0.01500000 - 0.04000000 380.71 - 1015.23 BSQ Swap 2022-08-29T05:34:22Z kmxvby-f8c31feb-2c1c-46bb-ad66-059914a89b64-194
Sell BSQ (Buy BTC) 0.00003950 0.03950000 1000.00 BSQ Swap 2022-08-30T07:04:16Z 35879170-8cc6f257-f25c-464d-9f71-ceccb44d9c89-195
Sell BSQ (Buy BTC) 0.00003950 0.00060000 - 0.00400000 15.19 - 101.27 BSQ Swap 2022-08-30T11:41:51Z 714117-59608f03-963f-4336-baab-64d43338e4c7-192
Sell BSQ (Buy BTC) 0.00004000 0.00080000 20.00 BSQ Swap 2022-08-30T07:14:57Z ue9sdp-dc7323d8-2731-4247-a058-030996d067af-195
Sell BSQ (Buy BTC) 0.00004000 0.00080000 20.00 BSQ Swap 2022-08-30T07:14:27Z SKCKVQDP-d4623ad7-bebc-4aed-93da-53a8ac3ff514-195
Sell BSQ (Buy BTC) 0.00004048 0.00100000 - 0.00810000 24.70 - 200.10 BSQ Swap 2022-08-29T19:41:39Z HrOuNo-58302776-5319-4818-af00-213d0973375f-194
Sell BSQ (Buy BTC) 0.00004049 0.00060000 - 0.00610000 14.82 - 150.65 BSQ Swap 2022-08-28T16:40:05Z 6KxJh-e4ee2a5a-64e9-46b5-951d-6c6c9f17e0c3-194
Sell BSQ (Buy BTC) 0.00004050 0.00060000 - 0.00400000 14.81 - 98.77 BSQ Swap 2022-07-03T16:05:01Z NJBASBFF-d92a6fe1-ca9c-4fd0-9b46-6af997df8062-192
Sell BSQ (Buy BTC) 0.00004100 0.01000000 - 0.03500000 243.90 - 853.66 BSQ Swap 2022-07-20T16:32:42Z 4KWYFJP-bb86953f-3eaf-46f8-8746-83f9e548f7ed-194
Sell BSQ (Buy BTC) 0.00004399 0.00040000 - 0.00290000 9.09 - 65.92 BSQ Swap 2022-08-29T19:43:42Z 175293-8435740d-5985-49e7-9db8-36f033a9eebd-194
Sell BSQ (Buy BTC) 0.00004438 0.00250000 56.33 BSQ Swap 2022-08-03T21:01:34Z oA9oj0GO-5c9b7e5e-de84-4ca2-a387-58486f5b5935-192
Sell BSQ (Buy BTC) 0.00004648 0.00200000 43.03 BSQ Swap 2022-08-03T19:24:12Z edwjc-94213efc-7cd0-4140-a0ae-0641e29179e2-192
Sell BSQ (Buy BTC) 0.00004655 0.00070000 15.04 BSQ Swap 2022-07-20T20:53:08Z asxly-427893e8-6d6b-4a12-97cc-3463cc217bdf-192
Sell BSQ (Buy BTC) 0.00004660 0.00150000 32.19 BSQ Swap 2022-08-03T21:06:37Z ypW2V-b690bc2e-de32-4176-a7b9-27ebc7f72e14-192
Sell BSQ (Buy BTC) 0.00004679 0.00080000 17.10 BSQ Swap 2022-08-03T19:28:24Z hgsZP-e7a80f22-7a06-416c-82aa-b4f5c8cbf798-192
Sell BSQ (Buy BTC) 0.00004680 0.00060000 12.82 BSQ Swap 2022-07-20T20:49:31Z PJNjEX-0461e540-c6ed-49f7-b1f7-8584f8aefb69-192
Sell BSQ (Buy BTC) 0.00004724 0.00090000 19.05 BSQ Swap 2022-07-29T02:01:58Z Fejwzd-1e0d10c9-8612-4001-b04e-fae90af42dc7-192
Sell BSQ (Buy BTC) 0.00004990 0.00050000 10.02 BSQ Swap 2022-07-29T02:02:54Z pcokkua-06cdeb10-c423-4ef4-87f7-d711d4d23bf1-192
Sell BSQ (Buy BTC) 0.00005000 0.00040000 8.00 BSQ Swap 2022-08-03T20:55:05Z 6ensso-15e41f4b-5444-4394-830d-199c8d2efc93-192
Sell BSQ (Buy BTC) 0.00005610 0.00040000 7.13 BSQ Swap 2022-07-29T01:59:34Z 3741221-a4290129-059b-47c6-a62b-e78e8613ecb9-192
```
2.2. Pick one and take it with `takeoffer`. Payment must come from `BsqSwapAccount` payment account.
- command: `bisq_cli takeoffer --offer-id=PJNjEX-0461e540-c6ed-49f7-b1f7-8584f8aefb69-192 --fee-currency=BTC`
- output:
```bash
trade PJNjEX-0461e540-c6ed-49f7-b1f7-8584f8aefb69-192 successfully taken
```
2.3. Check the change in BSQ and BTC balances with `getbalance --currency-code=BTC` and `getbalance --currency-code=BSQ`.
- command: `bisq_cli getbalance --currency-code=btc`
- output:
```bash
Available Balance Reserved Balance Total Available Balance Locked Balance
0.00938658 0.00000000 0.00938658 0.00000000
```
And then for BSQ:
- command: `bisq_cli getbalance --currency-code=bsq`
- output:
```bash
Available Confirmed Balance Unverified Balance Unconfirmed Change Balance Locked For Voting Balance Lockup Bonds Balance Unlocking Bonds Balance
12.74 0.00 0.00 0.00 0.00 0.00
```
Let's see the trades details as well:
- command: `bisq_cli gettrades --category=closed`
- output:
```bash
Trade ID Date/Time (UTC) Market Price Deviation Amount in BTC Amount Currency Tx Fee (BTC) Trade Fee Buyer Deposit (BTC) Seller Deposit (BTC) Offer Type Status
PJNjEX-0461e540-c6ed-49f7-b1f7-8584f8aefb69-192 2022-09-08T19:20:22Z BSQ/BTC 0.00004680 N/A 0.0006 12.82 BSQ 0.00001342 0.00 BSQ 0.00000000 0.00000000 SELL BSQ Confirmed
```
Now for the numbers:
- BTC
- My expected balance and the reality
```
paid_btc = bsq_amount * btc_per_bisq_price
final_btc_balance = starting_btc - paid_btc - mining_fee = 0.01 - (0.00004680 * 12.82) - 0.00001342 = 0.009386604
reality = 0.00938658
There is a difference of 24 sats that can be attributed to how bisq rounds the price to 8 decimal positions (so that it's counted only up to sats).
final_bsq_balance = 12.82
reality = 12.74
Where did my 0.08 BSQ go to???
```
```
4. Check the change in BSQ and BTC balances with `getbalance --currency-code=BTC` and `getbalance --currency-code=BSQ`. The BTC balance should comply with BTC = starting_btc + purchased_btc - mining_fee. The BSQ balance should comply with BSQ = starting_bsq - trading_fee.
2. Buy a small amount of BTC
1. Check the available offers with `getoffers --direction=BUY --currency-code=BSQ`.
2. Pick one (preferably revolut since it's fast) and take it with `takeoffer`.
3. Check it on the list of open trades with `gettrades --category=open`.
4. Send the payment through the fiat system.
5. Confirm the payment with `confirmpaymentstarted`.
6. Regularly check `gettrade` until the trade is finished.
7. Once it appears finished, verify that it appears in `gettrades --category=closed`.
3. Review balances and empty the wallet.
1. Check the change in BSQ and BTC balances with `getbalance --currency-code=BTC` and `getbalance --currency-code=BSQ`. The BTC balance should comply with BTC = starting_btc - (purchased_bsq * price) - trading_fee - mining_fee.
2. Send the remaining BSQ to my main wallet with `sendbsq`
3. Check the change in BSQ and BTC balances with `getbalance --currency-code=BTC` and `getbalance --currency-code=BSQ`. The BTC balance should comply with BTC = starting_btc - mining_fee. The BSQ balance should be zero.
4. Send the remaining BTC to my main wallet with `sendbtc`.
5. Check that the BTC balance is zero.
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