Polymarket BTC Bot

This project does one thing: for each newly starting Polymarket BTC five-minute market, it rests equal post-only buy orders on Up and Down. When either entry fills, it waits for the conditional tokens to settle and then places the configured take-profit ladder for the available matched shares. Any fraction not assigned to the ladder is held through resolution. It runs continuously until stopped.

Strategy

• BTC Up or Down five-minute markets only.
• Place both GTC orders before the market starts.
• Buy price and quote amount are required run arguments.
• --take-profit PRICE:FRACTION is repeatable. Fractions not assigned to an exit rung are held through resolution. Omitting every rung selects buy-only mode.
• Do not chase prices or cancel one side during the market.
• With take-profit rungs, MATCHED records the fill but does not make the position sellable. The bot waits for a MINED/CONFIRMED trade update or an available conditional-token balance before offering each configured fraction.
• Cancel any unfilled remainder after the market ends.
• Runtime, open reservation, and daily filled-cost limits are optional CLI inputs.
• An omitted limit is unlimited.
• Cancel remaining entry and exit orders before the market cutoff; the lead time is controlled by --cancel-before-end-seconds and defaults to two seconds. Set it to 0 to leave orders resting until Polymarket closes the market.
• Live entries start submitting as soon as CLOB exposes the market's token ids and keep resubmitting the same pre-signed orders until both are accepted. --placement-interval-ms sets the tick cadence and defaults to 20 milliseconds. In single-submission mode each tick sends one pending leg, and a leg stops consuming budget once the exchange registers it; a 25 ms tick matches the Standard tier's 40 tokens per second refill.
• Live runs append every submission attempt to logs/attempts.jsonl (attempt number, send and return time, reply kind per leg) so a session can show exactly when the book began accepting orders. The trace stays: it is the record every queue-position analysis is built on. The entry modes, including the solo modes, are permanent trading behaviour.
• The bot does not submit redemption transactions. Resolved winnings are returned by Polymarket's account-side settlement service.

This is an experimental tail-event strategy. It has not been proven to have a stable positive expectation. Use a dedicated wallet and small limits.

HTTP stack

Authenticated CLOB traffic uses py-clob-client-v2 -> httpx -> httpcore. httpcore is pinned to commit 35ddb373e13be5940e5137798d5a63d67e10f3e2 from baizhufbb/httpcore, which contains the proxy TLS zombie-connection fix. At startup polymarket_bot/transport.py replaces the library's shared httpx.Client(http2=True) with an HTTP/1.1 pool (64 connections): on the single multiplexed connection, httpcore serializes socket reads behind a lock, so the one slow reply at the open (300-1000ms exchange-side) held back every other in-flight reply and could stall outgoing writes. Each placement loop warms the pool before hammering so the open-moment burst does not pay per-connection TLS handshakes. Public discovery continues to use requests. Gamma fills the existing window once, then the predictable next five-minute slug is queried every second. These requests include a unique cache buster because Gamma otherwise advertises a five-minute public cache. Each newly discovered condition is checked against GET /clob-markets/{condition_id} every 250 milliseconds. As soon as CLOB returns both real token IDs, the main loop is woken and submits the post-only pair.

Fleet (phased multi-account entry)

The venue meters orders per signer (about 40/s sustained) and the queue slot is decided by the millisecond the first accepted request reaches the engine, so one account on a 25 ms cadence arrives on average 12.5 ms after the book opens. --fleet-env FILE (repeatable) adds accounts from KEY=VALUE files (POLYMARKET_PRIVATE_KEY, POLYMARKET_FUNDER_ADDRESS, POLYMARKET_SIGNATURE_TYPE, optional CLOB credentials). All members run the same cadence with phases offset by interval/N, each with a distinct order size (--fleet-size-step, default +0.024 USD per member) so the public depth stream can tell their orders apart. After the open the fleet keeps the order that registered first (PlacementResult.registered_ts_ms, the earliest reply that carried the order id) and cancels the others, so exposure stays at one order per market. Orders carry an account column; cancellation and reconciliation route by it. Fleet mode currently supports buy-only plans; the per-address Cloudflare limit (200 order requests/s sustained) bounds one server to five members at 25 ms.

Runtime sequence and interfaces

The scheduled five-minute slot, Gamma metadata creation time, CLOB parameter availability, and order acceptance time are separate. Markets may become ready out of slot order, so each condition is tracked independently.

Stage	Interface	Code
Parse command and validate credentials	Local CLI and .env.trading	polymarket_bot/cli.py, polymarket_bot/config.py
Open the run and local state	SQLite data/bot.sqlite	polymarket_bot/database.py
Discover startup metadata	GET https://gamma-api.polymarket.com/events	polymarket_bot/discovery.py
Discover every new market	Cache-busted GET https://gamma-api.polymarket.com/markets/slug/{slug} every second	polymarket_bot/discovery.py, polymarket_bot/market_activation.py
Detect CLOB market parameters	GET https://clob.polymarket.com/clob-markets/{condition_id} every 250 ms	polymarket_bot/market_activation.py
Submit both entry orders	Authenticated CLOB batch post_orders, post-only GTC	polymarket_bot/exchange.py
Receive fills and cancellations	Authenticated CLOB user WebSocket	polymarket_bot/user_stream.py
Verify open-order state	CLOB get_open_orders and get_order	polymarket_bot/reconciliation.py
Place configured exits	CLOB conditional-token balance plus GTC sell orders	polymarket_bot/service.py, polymarket_bot/exchange.py

The live farthest-first path runs in this order:

1. Gamma fills the configured far-edge window once. The worker then predicts the exact next BTC five-minute slug and requests that slug every second with a unique cache buster until its condition and real Up/Down token IDs exist.
2. Each discovered condition is checked independently through /clob-markets/{condition_id} every 250 milliseconds.
3. When CLOB returns both token IDs, only that market leaves the pending set. The service validates eligibility, database uniqueness, tick size, minimum size, and optional limits.
4. The exchange signs Up and Down locally and submits both in one authenticated post-only batch. Signing itself first asks CLOB for the market's tick size, and a market announced moments ago still answers with an engine-readiness rejection (market not found); that reply is retried in place for up to 0.5 s (wall clock, paced at 100 ms, kept below the cancel-before-end margin), then handed back to the main loop as a retryable placement that re-enters on the next tick, instead of abandoning the market (run 14 lost 17 of 72 markets to it). An explicit engine-readiness rejection (invalid token id, market not found, market not ready, or missing order books) preserves the signed pair and immediately retries from the main loop without another parameter request or an added delay. Ambiguous network failures are reconciled before retrying. If that read is temporarily unavailable, the same signed pair remains pending and is reconciled again on the next attempt. If exactly one side is accepted, it is canceled.
5. Accepted market and order IDs are committed to SQLite. The user WebSocket and REST reconciliation then maintain fills and terminal states.
6. In buy-only mode, matched shares are held through resolution. With --take-profit, settled matched inventory is offered at the configured exit rungs. Redemption is outside the trading process.

Configuration

Wallet credentials live in .env.trading. Trading values and optional limits are supplied on the command line.

Trading values are fixed when the process starts. For example, the following ladder buys 100 shares per filled side at one cent, offers 50 shares at two cents, 10 at ten cents, 10 at thirty cents, and holds the remaining 30 shares:

--buy-price 0.01 --usd-per-side 1 `
  --take-profit 0.02:0.50 `
  --take-profit 0.10:0.10 `
  --take-profit 0.30:0.10

Order size is usd-per-side / buy-price. Each take-profit fraction is applied to the matched entry size, including incremental partial fills.

Omitting --take-profit selects buy-only mode. Matched shares are not offered for sale; they remain held through resolution.

GTC orders stay on the exchange through a network or process outage by design: the queue slot is the strategy's asset, so Polymarket's disconnect-cancels-orders heartbeat is deliberately not used.

Safety

• run is a dry-run unless --live is supplied.
• The ordinary dry-run checks discovery and order planning only. It does not model fills or profitability. Use paper for an execution-aware simulation.
• Live mode also requires POLYMARKET_LIVE_ACK=I_UNDERSTAND_REAL_ORDERS.
• During activation, the bot submits the same signed Up/Down entries at the --placement-interval-ms cadence until both orders are accepted. Each cadence tick starts its submission immediately. Overlapping requests reuse the original order hashes, so a duplicate response identifies the original order instead of creating another position. If the result remains ambiguous, the bot reconciles exchange orders. A temporary reconciliation outage keeps the market pending instead of permanently dropping it.
• In the paired modes, Up and Down are submitted together and a lone accepted side is immediately canceled. The solo modes (--entry-submission solo-up/solo-down) deliberately trade one leg and keep it.
• Entry and take-profit orders are ordinary GTC limits, so they do not depend on a minimum GTD lifetime. Entries are post-only. A marketable exit target can execute at the target price or better. Only the matched entry quantity is offered.
• Uncovered fills below the market's minimum order size are accumulated until enough shares are available for a valid exit order.
• Exit submission is also capped by the exchange-reported conditional-token balance, so off-chain matches are never treated as already settled inventory.
• An ambiguous exit submission is reconciled against the exchange. If it cannot be identified exactly, it is recorded as failed and is not blindly repeated.
• Farthest-first live runs record Gamma discovery, CLOB parameter detection, and order-submission timestamps.
• Open orders are synchronized in one batch; only orders missing from that response require an individual terminal-status lookup. Exchange reads run in a background worker so reconciliation cannot delay a new-market placement.
• Ctrl+C cancels all open orders recorded by this bot. Every other shutdown path, including runtime failures and a completed --hours duration, leaves exchange orders open for the next run to reconcile.
• Explicitly rejected or partially accepted entry batches are not retried. Engine-not-ready, confirmed-empty ambiguous submissions, and temporary submission/reconciliation outages remain eligible until a complete Up/Down pair is accepted or the market ends.
• The bot checks Polymarket geoblocking before and during live operation.
• A local process lock prevents two bot instances from placing duplicate orders.
• Runtime geoblock checks run outside the main loop. A temporary network failure pauses new placements and retries every five seconds without stopping order tracking; an explicit blocked response still stops the run.

Database

Live and ordinary dry-run state use data/bot.sqlite:

• runs: every start and stop, mode, fixed trading parameters, and terminal error.
• markets: each market considered by the bot and its state.
• orders: entry and exit order IDs, side, price, size, matched size, and status.
• events: operational audit log.

There is no market-data warehouse and no historical backtest database.

Paper simulation uses the separate data/paper.sqlite. It records the public 0.01 queue when each market first becomes observable, then settles the hypothetical orders from public taker trades after the market resolves. The fill model is FIFO and deliberately does not assume that orders ahead canceled, so exact-price fills are a conservative lower bound. A trade through the limit price confirms a full fill. Direct sells of an outcome and complementary buys of the opposite outcome are both counted. Reported PnL excludes variable maker rebates and never uses wallet credentials or authenticated order endpoints. The status report also shows active and peak order reserve. Paper mode assumes every observed market receives both configured orders even when that requires more collateral than the account actually holds; use the reserve figures when judging whether its PnL is practically reproducible.

Commands

# Install pinned dependencies.
uv sync --dev

# After setting POLYMARKET_PRIVATE_KEY, show the derived signer address only.
uv run --env-file .env.trading bot.py setup

# After signing in with the robot signer wallet, add its Relayer API key and
# matching owner address from Settings > API Keys, then deploy the signer's default
# Deposit Wallet, set missing trading approvals, and save the derived funder
# address and CLOB credentials. This does not deposit funds or place orders.
uv run --env-file .env.trading bot.py setup --apply

# Check authentication, location, collateral, allowance, and open orders.
uv run --env-file .env.trading bot.py doctor

# Run a continuous dry-run. No credentials or orders are used.
uv run bot.py run --buy-price 0.01 --usd-per-side 1 `
  --take-profit 0.02:0.50 `
  --take-profit 0.10:0.10 `
  --take-profit 0.30:0.10

# Run a continuous buy-only dry-run.
uv run bot.py run --buy-price 0.02 --usd-per-side 1 --lookahead-minutes 40

# Show database state.
uv run bot.py status

# Simulate the current one-cent, $1-per-side hold-to-resolution strategy.
# With lookahead 0, existing markets are skipped and the first settled samples
# arrive only after newly announced markets have finished.
uv run bot.py paper --buy-price 0.01 --usd-per-side 1 `
  --lookahead-minutes 0

# Show fill counts, conservative PnL, ROI, and recent paper markets.
uv run bot.py paper-status

# Run live continuously.
uv run --env-file .env.trading bot.py run --live `
  --buy-price 0.01 --usd-per-side 1 `
  --placement-interval-ms 20 `
  --take-profit 0.02:0.50 `
  --take-profit 0.10:0.10 `
  --take-profit 0.30:0.10

# Select 40 minutes from the currently farthest market and place backward.
uv run --env-file .env.trading bot.py run --live `
  --buy-price 0.01 --usd-per-side 1 `
  --take-profit 0.02:0.50 `
  --take-profit 0.10:0.10 `
  --take-profit 0.30:0.10 `
  --lookahead-minutes 40 --placement-order farthest-first `
  --cancel-before-end-seconds 2

# Skip existing markets and begin with the next newly announced farthest market.
uv run --env-file .env.trading bot.py run --live `
  --buy-price 0.01 --usd-per-side 1 `
  --lookahead-minutes 0 --placement-order farthest-first `
  --cancel-before-end-seconds 0

# Run with explicit optional limits.
uv run --env-file .env.trading bot.py run --live `
  --buy-price 0.01 --usd-per-side 1 `
  --take-profit 0.02:0.50 `
  --take-profit 0.10:0.10 `
  --take-profit 0.30:0.10 `
  --hours 24 --max-reserved-usd 10 --max-daily-filled-cost 20

# Tests.
uv run pytest

The bot records matched entry and exit sizes but does not redeem resolved positions. A successful exit sale returns pUSD immediately; resolved winnings are handled outside this process. Make sure the wallet has enough available pUSD for the orders you allow the bot to open.