Bid Price/Margin

Has two different types of inputs depending on your Offer Method:

• Min/Max Price (Outbid bidding): Set a minimum and maximum amount of ETH to send as offer. The bot will:

  • Skip if the best offer is higher than the maximum price (if bid always not turned on)

  • Bid the minimum price if there are no offers or the best offer is below the minimum price

  • Outbid the best offer (with outbid amount) if it's within the minimum and maximum range

• Min/Max Margins (Margin bidding): Set a minimum and maximum margin.

  • Make sure to read below notes before using margin bidding

  • Formula for determining the max bid using the max margin:

    • Max Bid = Floor Price * (1 - Max Margin - Forced Collection Fees)

    • Example: * (1 - - ) =

  • Formula for determining the min bid using the min margin:

    • Min Bid = Floor Price * Min Margin Percentage

    • Example: * =

  • Recommended Settings:

    • Min Bid Percentage = 30%

    • Max Margin Percentage = 10%

  • The bot uses above formulas to determine min and max bid prices, and bids using the same methods as the "Min/Max Price" method

Notes on margin bidding

• Currently margin bidding is experimental

• It uses the floor price of the collection (including OpenSea and Blur) while calculating the max/min offers. You can also use margin bidding with trait offers, but keep in mind that it will use floor price of the collection, not the trait

• You can use values like -20 if you want to bid above the floor price using margins for rare traits

• You can see the approximate max price it will be by changing the max margin and clicking in and out of that field. You should see the "profit margin" text below that task updating, it shows the approximate maximum it will use with the current floor price. Keep in mind that floor prices do change, so while running, the maximum will keep changing depending on the floor price