Method Name
private/rfq_get_best_quote
private/rfq_get_best_quotePerforms a "dry run" on an RFQ, returning the estimated fee and whether the trade is expected to pass.
Should any exception be raised in the process of evaluating the trade, a standard RPC error will be returned
with the error details.
Parameters
| subaccount_id
integer
required
Subaccount ID |
| legs
array of objects
required
RFQ legs |
| legs[].amount
string
required
Amount in units of the base |
| legs[].direction
string
required
Leg direction enum buy sell |
| legs[].instrument_name
string
required
Instrument name |
| counterparties
array of strings
Optional list of market maker account addresses to request quotes from. If not supplied, all market makers who are approved as RFQ makers will be notified. |
| direction
string
Planned execution direction (default buy)enum buy sell |
| label
string
Optional user-defined label for the RFQ |
| max_total_cost
string
An optional max total cost for the RFQ. Only used when the RFQ sender executes as buyer. Polling endpoints and channels will ignore quotes where the total cost across all legs is above this value. Positive values mean the RFQ sender expects to pay $, negative mean the RFQ sender expects to receive $.This field is not disclosed to the market makers. |
| min_total_cost
string
An optional min total cost for the RFQ. Only used when the RFQ sender executes as seller. Polling endpoints and channels will ignore quotes where the total cost across all legs is below this value. Positive values mean the RFQ sender expects to receive $, negative mean the RFQ sender expects to pay $.This field is not disclosed to the market makers. |
| rfq_id
string
RFQ ID to get best quote for. If not provided, will return estimates based on mark prices |
Response
| id
string or integer
required
|
| result
object
required
|
| result.best_quote
object or null
required
Best quote for the RFQ (or null if RFQ is not created yet or quotes do not exist). This object should be used to sign a taker quote and call into execute_quote RPC. |
| result.best_quote.cancel_reason
string
required
Cancel reason, if any enum user_request insufficient_margin signed_max_fee_too_low mmp_trigger cancel_on_disconnect session_key_deregistered subaccount_withdrawn rfq_no_longer_open compliance |
| result.best_quote.creation_timestamp
integer
required
Creation timestamp in ms since Unix epoch |
| result.best_quote.direction
string
required
Quote direction enum buy sell |
| result.best_quote.last_update_timestamp
integer
required
Last update timestamp in ms since Unix epoch |
| result.best_quote.legs_hash
string
required
Hash of the legs of the best quote to be signed by the taker. |
| result.best_quote.liquidity_role
string
required
Liquidity role enum maker taker |
| result.best_quote.quote_id
string
required
Quote ID |
| result.best_quote.rfq_id
string
required
RFQ ID |
| result.best_quote.status
string
required
Status enum open filled cancelled expired |
| result.best_quote.subaccount_id
integer
required
Subaccount ID |
| result.best_quote.tx_hash
string or null
required
Blockchain transaction hash (only for executed quotes) |
| result.best_quote.tx_status
string or null
required
Blockchain transaction status (only for executed quotes) enum requested pending settled reverted ignored |
| result.best_quote.wallet
string
required
Wallet address of the quote sender |
| result.best_quote.legs
array of objects
required
Quote legs |
| result.best_quote.legs[].amount
string
required
Amount in units of the base |
| result.best_quote.legs[].direction
string
required
Leg direction enum buy sell |
| result.best_quote.legs[].instrument_name
string
required
Instrument name |
| result.best_quote.legs[].price
string
required
Leg price |
| result.estimated_fee
string
required
An estimate for how much the user will pay in fees ($ for the whole trade). |
| result.estimated_realized_pnl
string
required
An estimate for the realized PnL of the trade. |
| result.estimated_realized_pnl_excl_fees
string
required
An estimate for the realized PnL of the trade. with cost basis calculated without considering fees. |
| result.estimated_total_cost
string
required
An estimate for the total $ cost of the trade. |
| result.invalid_reason
string or null
required
Reason for the RFQ being invalid, if any. enum Account is currently under maintenance margin requirements, trading is frozen. This order would cause account to fall under maintenance margin requirements. Insufficient buying power, only a single risk-reducing open order is allowed. Insufficient buying power, consider reducing order size. Insufficient buying power, consider reducing order size or canceling other orders. Consider canceling other limit orders or using IOC, FOK, or market orders. This order is risk-reducing, but if filled with other open orders, buying power might be insufficient. Insufficient buying power. |
result.is_valid
boolean
required
True if RFQ is expected to pass margin requirements. |
| result.post_initial_margin
string
required
User's hypothetical margin balance if the trade were to get executed. |
| result.post_liquidation_price
string or null
required
Liquidation price if the trade were to be filled. If both upside and downside liquidation prices exist, returns the closest one to the current index price. |
| result.pre_initial_margin
string
required
User's initial margin balance before the trade. |
| result.suggested_max_fee
string
required
Recommended value for max_fee of the trade. |
Example
{request_example_shell}
{request_example_javascript}
{request_example_python}
The above command returns JSON structured like this:
{response_example_json}