BloFin Perp MM Quickstart

This guide gets you running the Perpetual Market Maker strategy on BloFin - the most advanced strategy for active traders who want to profit from bid-ask spreads.

What is Perp MM? Instead of just buying dips and selling highs, market makers quote BOTH sides - placing buy orders below price AND sell orders above price. You profit from the spread when both sides fill.

Prerequisites

BloFin account with completed KYC

500+ USDT in your BloFin USDT-M futures wallet</Check> <Check>Sui wallet with

100+ PUMPKIN tokens

API keys created (see BloFin Setup Guide if needed)

Step 1: Connect to Dashboard (2 min)

Visit Dashboard

Go to trade.quantumvoid.org

Connect Wallet

Click Connect Sui Wallet and sign the authentication message

Select BloFin Mode

Click BloFin Perps on the main screen

Step 2: Add BloFin Credentials (3 min)

If you haven’t added credentials yet:

Open Exchange Settings

Click the gear icon or go to Settings > Exchanges

Add BloFin

Click Add Exchange and select BloFin

Enter Credentials

API Key: Paste from BloFin
Secret Key: Paste from BloFin
Password: The passphrase you set when creating the key

Test & Save

Click Test Connection - should show green success. Then Save.

Step 3: Create Your Bot (5 min)

Go to Bot Management

Click Bot Management in the sidebar

Create New Bot

Click New Bot or Create Bot

Select Exchange

Choose BloFin from the dropdown

Enter Symbol

Type your trading pair. Recommended starters:

ASTER/USDT:USDT - Moderate volatility, good for learning
DOGE/USDT:USDT - High volume, tight spreads

Choose Preset

Select BloFin v7 Long Short Counterscalp

This is the recommended preset for BloFin. It uses the latest v7 features including equity-based sizing and automatic counter-scalping.

Step 4: Understand Your Preset

The BloFin v7 Long Short Counterscalp preset is pre-configured with:

Setting	Value	What It Means
equity_pct	5%	Uses 5% of your account per grid cycle
leverage	75x	High leverage for capital efficiency
quote_size	$7	Each order is $7
max_position	$2000	Won’t exceed $2000 per side
time_decay	48h/48h	Exits stale positions automatically
xgrid_counter	Enabled	Scalps opposite direction when stuck

What This Bot Does

Market price: $1.00

Your bot places:
  BUY  @ $0.9985 (15 bps below) ← Waiting to buy cheap
  SELL @ $1.0015 (15 bps above) ← Waiting to sell high

When BOTH fill:
  Bought at $0.9985
  Sold at $1.0015
  Profit: $0.0030 per unit (30 bps) minus fees

Risk Protection Built-In

Loss tiers: Reduces activity as losses grow (1% → 3% → 6% → 10% hard stop)
Time decay: Forces exit after 24h if position stuck
Counter-scalp: When main position underwater, opens opposite side to offset losses

Step 5: Start the Bot (1 min)

Review Configuration

Check the settings look correct

Click Start

Hit the Start Bot button

Confirm

Read the confirmation and click Confirm

Step 6: Monitor Your Bot

What to Watch

Status: Running (green) - Bot is active

Orders appearing - You should see bid/ask orders within seconds

No red errors - Check Trading Console for issues

Understanding the Display

Position: LONG 150 ASTER @ $1.0234
uPnL: -$2.45 (-0.8%)
Orders: 4 BUY / 4 SELL

SPACING: base=15bps × reactive=1.2x → final=18bps

Position: Your current holdings
uPnL: Unrealized profit/loss
Orders: Active quotes on each side
SPACING: How far orders are from mid-price (wider = safer but fewer fills)

First Hour Expectations

Normal behavior:

Multiple order placements and cancellations
Small positions opening and closing
P&L fluctuating between small gains and losses

Warning signs:

No orders appearing after 1 minute
Constant red errors in logs
Position growing without any take-profits

Adjusting Settings

Quick Settings (Scaling Agent)

Use the Trading Console to adjust on-the-fly:

/set equity_pct 3      # Reduce to 3% for smaller positions
/set equity_pct 7      # Increase to 7% for larger positions

Common Adjustments

Want to…	Change	From → To
Reduce risk	`equity_pct`	5% → 3%
More aggressive	`equity_pct`	5% → 8%
Wider spreads	`base_spread_bps`	15 → 25
Tighter spreads	`base_spread_bps`	15 → 10

Troubleshooting

Bot starts but no orders appear

Check that:

You have USDT in the USDT-M futures wallet (not Spot)
Leverage is set on BloFin for that symbol
Symbol format is correct (e.g., ASTER/USDT:USDT)

Orders keep getting cancelled

This is often normal - the bot refreshes quotes every 2 seconds. If ALL orders cancel:

Check exchange rate limits
Reduce geometric_max_levels in config

Position stuck at loss

The bot has built-in recovery:

Wait - Time decay will handle it (up to 24h)
Counter-scalp - XGrid may open opposite position to offset
Check tier - At 6%+ loss, bot enters defensive mode

Next Steps

Preset Guide

Compare all available presets

Perp MM Deep Dive

Full strategy documentation

Scaling Agent

AI assistant for live adjustments

Risk Management

Protect your capital

Get Started

Strategies

Features

On-Chain DEX

Bot Configuration

Risk Management

Exchange Setup

Help & Support

BloFin Perp MM Quickstart

BloFin Perp MM Quickstart

Prerequisites

Step 1: Connect to Dashboard (2 min)

Step 2: Add BloFin Credentials (3 min)

Step 3: Create Your Bot (5 min)

Step 4: Understand Your Preset

What This Bot Does

Risk Protection Built-In

Step 5: Start the Bot (1 min)

Step 6: Monitor Your Bot

What to Watch

Understanding the Display

First Hour Expectations

Adjusting Settings

Quick Settings (Scaling Agent)

Common Adjustments

Troubleshooting

Next Steps

Preset Guide

Perp MM Deep Dive

Scaling Agent

Risk Management

​BloFin Perp MM Quickstart

​Prerequisites

​Step 1: Connect to Dashboard (2 min)

​Step 2: Add BloFin Credentials (3 min)

​Step 3: Create Your Bot (5 min)

​Step 4: Understand Your Preset

​What This Bot Does

​Risk Protection Built-In

​Step 5: Start the Bot (1 min)

​Step 6: Monitor Your Bot

​What to Watch

​Understanding the Display

​First Hour Expectations

​Adjusting Settings

​Quick Settings (Scaling Agent)

​Common Adjustments

​Troubleshooting

​Next Steps

Preset Guide

Perp MM Deep Dive

Scaling Agent

Risk Management

BloFin Perp MM Quickstart

Prerequisites

Step 1: Connect to Dashboard (2 min)

Step 2: Add BloFin Credentials (3 min)

Step 3: Create Your Bot (5 min)

Step 4: Understand Your Preset

What This Bot Does

Risk Protection Built-In

Step 5: Start the Bot (1 min)

Step 6: Monitor Your Bot

What to Watch

Understanding the Display

First Hour Expectations

Adjusting Settings

Quick Settings (Scaling Agent)

Common Adjustments

Troubleshooting

Next Steps