Bybit - Ratelimiting on spot - create_order and cancel_order

When trying to create and cancel more than 20 orders asynchronously with bybit (spot) in Python, I get a 403 error for some orders (which I assume is due to rate limits). Below you can find my example code and some example output. I don’t have this when running the same code for another exchange like Kucoin.

• OS: MacOS Monterey (M1 chip)
• Programming Language version: Python 3.9.10
• CCXT version: 1.84.42

import asyncio
from typing import Dict, Type
import ccxt.async_support as ccxt


async def create_o(exchange, symbol, price, volume):
    try:
        o = await exchange.create_order(symbol, 'limit', 'buy', volume, price)
        print(f"created order {o['id']}")
    except ccxt.ExchangeError as e:
        print(f"Could not create order: {e}")
        o = {}
    return o

async def cancel_o(exchange, id, symbol):
    try:
        await exchange.cancel_order(id, symbol)
    except ccxt.ExchangeError as e:
        print(f"Could not cancel order {id}: {e}")
    else:
        print(f"cancelled order {id}")

async def main():
    exchange_name = "bybit"
    credentials = {"apiKey":"public_key", "secret":"private_key", "password":"pswd", "enableRateLimit":True}
    exchange_type: Type[ccxt.Exchange] = getattr(ccxt, exchange_name)
    exchange = exchange_type(credentials)
    exchange.options["defaultType"] = "spot"
    # exchange.rateLimit *= 10
    # exchange.verbose = True
    print("Rate limit: ", exchange.rateLimit)
    symbol = "BTC/USDT"
    limit = 50
    ob = await exchange.fetch_order_book(symbol)
    low_buy_price = ob['asks'][0][0] * .5
    loops = [
        create_o(exchange, symbol, low_buy_price, 0.00016) for _ in range(0, limit)
    ]
    orders = await asyncio.gather(*loops)
    open_orders = await exchange.fetch_open_orders(symbol, limit=500)
    cancel_loops = [
        cancel_o(exchange, order["id"], symbol) for order in open_orders
    ]
    await asyncio.gather(*cancel_loops)
    open_orders = await exchange.fetch_open_orders(symbol)
    print("start cancelling remaining: ")
    for remaining_order in open_orders:
        await cancel_o(exchange, remaining_order["id"], symbol)

    await exchange.close()



if __name__ == "__main__":
    asyncio.run(main())

Almost all orders succeeded except for one / two and also for cancelling the orders! The following verbose output contains a successful and failed order creating.

fetch Request: bybit POST https://api.bybit.com/spot/v1/order RequestHeaders: {'Content-Type': 'application/x-www-form-urlencoded', 'Accept-Encoding': 'gzip, deflate'} RequestBody: symbol=BTCUSDT&side=Buy&type=LIMIT&timeInForce=GTC&qty=0.00016&price=15788.77&agentSource=CCXT&api_key=&recv_window=5000&timestamp=1654068951916&sign=

fetch Response: bybit POST https://api.bybit.com/spot/v1/order 200 ResponseHeaders: {'Content-Type': 'application/json;charset=UTF-8', 'Content-Length': '351', 'Server': 'T-GATEWAY', 'Expires': 'Wed, 01 Jun 2022 07:35:51 GMT', 'Cache-Control': 'max-age=0, no-cache, no-store', 'Pragma': 'no-cache', 'Date': 'Wed, 01 Jun 2022 07:35:51 GMT', 'Connection': 'keep-alive'} ResponseBody: {"ret_code":0,"ret_msg":"","ext_code":null,"ext_info":null,"result":{"accountId":"23357420","symbol":"BTCUSDT","symbolName":"BTCUSDT","orderLinkId":"1654068951902541","orderId":"1168809515032897024","transactTime":"1654068951907","price":"15788.77","origQty":"0.00016","executedQty":"0","status":"NEW","timeInForce":"GTC","type":"LIMIT","side":"BUY"}}
created order 1168809515032897024

fetch Request: bybit POST https://api.bybit.com/spot/v1/order RequestHeaders: {'Content-Type': 'application/x-www-form-urlencoded', 'Accept-Encoding': 'gzip, deflate'} RequestBody: symbol=BTCUSDT&side=Buy&type=LIMIT&timeInForce=GTC&qty=0.00016&price=15788.77&agentSource=CCXT&api_key=&recv_window=5000&timestamp=1654068951966&sign=

fetch Response: bybit POST https://api.bybit.com/spot/v1/order 403 ResponseHeaders: {'Content-Length': '234', 'Server': 'T-GATEWAY', 'Expires': 'Wed, 01 Jun 2022 07:35:52 GMT', 'Cache-Control': 'max-age=0, no-cache, no-store', 'Pragma': 'no-cache', 'Date': 'Wed, 01 Jun 2022 07:35:52 GMT', 'Connection': 'close'} ResponseBody: {"now":"1654068951952","message":"Access too fast","expression":"OPEN-UI-23357419-/spot/v1/order-post","limit":20,"rule":"OPEN-UI-any-any-any-20","code":"ACCESS_DENIED","req":"OPEN-REQ-23357419-/spot/v1/order-post-1","frequency":"21"}
Could not create order: bybit {"now":"1654068951952","message":"Access too fast","expression":"OPEN-UI-23357419-/spot/v1/order-post","limit":20,"rule":"OPEN-UI-any-any-any-20","code":"ACCESS_DENIED","req":"OPEN-REQ-23357419-/spot/v1/order-post-1","frequency":"21"}```

[kroitor]

Thanks for reporting! This is a known issue, we are in the process of investigating and fixing it. Will post more updates here when it’s done.

[nathan-kairon]

@ttodua I checked again and the problem seems to be resolved indeed. Thank you for testing!