Exchange Rate Limits Overview #
REST API Rate Limits #
- Requests per second per IP: 10
- Requests per second per IP in bursts: Up to 15
- Requests per second per profile: 15
- Requests per second per profile in bursts: Up to 30
Private /fills Endpoint
- Requests per second per profile: 10
- Requests per second per profile in bursts: Up to 20
FIX API Rate Limits #
Requests per rolling second per session: 50
Messages per second in bursts: 100
- Maximum API keys per session/connection: 1
- Maximum connections per profile: 75. See FIX Best Practices.
- Maximum connections per user across all profiles: 175
- Maximum profiles per user: 100
- Maximum orders per batch message message (new and cancelled): 15
Websocket Rate Limits
- Requests per second per IP: 8
- Requests per second per IP in bursts: Up to 20
- Messages sent by the client every second per IP: 100
- Maximum open orders: 500
How Rate Limits Work #
Rate-limiting for both the Exchange REST API and the FIX API use a lazy-fill token bucket implementation.
A TokenBucket stores a maximum amount of tokens, which is the burst size, and fills at a given rate called the refresh rate. The bucket starts full, and as requests are received, a token is removed for each request. Tokens are continuously added to the bucket at the refresh rate until full.
When a user sends a request, the TokenBucket calculates whether or not to rate limit the user as follows:
- Fill the user’s TokenBucket to a token size based on the following formula:
token_amount = min(burst, previous_token_amount + (current_time - previous_request_time) * refresh_rate)
- Remove 1 token if possible, otherwise rate limit the request.
- Repeat Steps 1 and 2 for each subsequent request.
TokenBucket Example #
Let’s say you have a TokenBucket with burst = 3 and refresh_rate = 1. The table below represents the state of your token bucket after a series of requests:
|Initial State||0.0||3.0||New TokenBucket is initialized to max capacity (burst)|
|Request 1||0.5||2.0||Fill TokenBucket, then remove a token, because we are at max capacity, and subtract 1 token from 3|
|Request 2||0.8||1.3||Fill TokenBucket to 2.3 (
|Request 3||0.9||0.4||Fill TokenBucket to 1.4 (
|Request 4||1.0||0.5||Fill TokenBucket to 0.5 (
|Request 5||1.4||0.9||Fill TokenBucket to 0.9 (
|Request 6||1.8||0.3||Fill TokenBucket to 1.3 (
|Request 7||5.0||2.0||Fill TokenBucket to 3.0 (