Bitwise Terminal 2.3.0 now supports relative price notation, which further simplifies order creation when you intend to specify a price relative to the highest bid or the lowest ask.
Suppose you’re trading XBTUSD. The best bid and ask are 9359.5 and 9360 respectively.
To buy at $100 below the bid, you may enter
b-100 as the limit price instead of the more explicit
Similarly, to set a price 20% above the ask,
a+20% would do the math for you: 9360 × (1 + 20%) = 11232.
Relative price notation is not limited to the
lo (limit order) command as shown above.
You may use it in
smo (stop orders) or
so (scaled orders) as well.
Any price field in the GUI also accepts the relative notation.
A few more examples:
a— the lowest ask price without changes
a+0.5— the lowest ask price plus 0.5
a+.5— same as above, only one keystroke shorter
9360-33.3%— 6243 (6243.12 rounded to the nearest tick size, depending on the instrument being traded)
Caveat: in a turbulent market, the bid and ask snapshots used in relative price calculation may, for split of a second, lag behind the most up-to-date bid/ask in the orderbook.