Trades Channel

{
  "method": "subscribe",
  "params": {
    "channel": "trades",
    "market_ids": [1, 2]
  }
}

Parameter	Type	Required	Description
`market_ids`	number[]	No	Filter by market IDs. Empty = all markets

Message Format

Update

Sent immediately when a trade occurs. There is no snapshot for this channel.

{
  "channel": "trades",
  "type": "update",
  "market_id": "1",
  "data": {
    "id": "123456789:987654321",
    "maker_order_id": 123456789,
    "taker_order_id": 987654321,
    "maker": "0x1234567890123456789012345678901234567890",
    "taker": "0xabcdefabcdefabcdefabcdefabcdefabcdefabcd",
    "maker_side": 0,
    "price": "50000.5",
    "size": "1.25",
    "fee_maker": "0.00125",
    "fee_taker": "0.0025",
    "fee_liquidation": "0"
  },
  "tx_hash": "0xabc123def456...",
  "block_number": 12345678,
  "log_index": 5,
  "block_timestamp": "1703123456000000000",
  "timestamp": "1703123456123456789"
}

Update Message Fields

Field	Type	Description
`channel`	string	Always `"trades"`
`type`	string	Always `"update"`
`market_id`	string	Market ID
`data`	object	Trade object (see below)
`tx_hash`	string	Transaction hash
`block_number`	number	Blockchain block number
`log_index`	number	Log index within the block
`block_timestamp`	string	Blockchain timestamp (nanoseconds)
`timestamp`	string	Server timestamp (nanoseconds)

Trade Object Fields

Field	Type	Description
`id`	string	Unique trade ID (`maker_order_id:taker_order_id`)
`maker_order_id`	number	Maker's order ID
`taker_order_id`	number	Taker's order ID
`maker`	string	Maker's address
`taker`	string	Taker's address
`maker_side`	number	Maker's side: `0` = Buy, `1` = Sell
`price`	string	Trade price (decimal)
`size`	string	Trade size (decimal)
`fee_maker`	string	Fee paid by maker (decimal)
`fee_taker`	string	Fee paid by taker (decimal)
`fee_liquidation`	string	Liquidation fee, if applicable (decimal)

Maker Side

Value	Description
`0`	Maker was buying (long)
`1`	Maker was selling (short)

The taker's side is always opposite to the maker's side.

Examples

Subscribe to all trades

{
  "method": "subscribe",
  "params": {
    "channel": "trades"
  }
}

Subscribe to specific markets

{
  "method": "subscribe",
  "params": {
    "channel": "trades",
    "market_ids": [1, 2]
  }
}

Subscribe to single market

{
  "method": "subscribe",
  "params": {
    "channel": "trades",
    "market_ids": [1]
  }
}

Unsubscribe

{
  "method": "unsubscribe",
  "params": {
    "channel": "trades"
  }
}

Testing with wscat

# Connect
wscat -c ws://localhost:8090/ws

# Subscribe to all trades
{"method":"subscribe","params":{"channel":"trades"}}

# Subscribe to market 1 only
{"method":"subscribe","params":{"channel":"trades","market_ids":[1]}}

# Unsubscribe
{"method":"unsubscribe","params":{"channel":"trades"}}

Notes

No Snapshot

Unlike other channels (orders, orderbook), the trades channel does not send a snapshot on subscription. It only streams new trades as they occur.

Price Format

All price and size fields are in decimal format (human-readable), not wei.

Example price: "50000.5" = $50,000.50
Example size: "1.25" = 1.25 units

Real-time Delivery

Trades are broadcast immediately when the MatchOrder event is processed from the blockchain. There is no batching or throttling.

Public Channel

This channel does not require authentication. All trades are public market data.