Ethereum: Binance Futures ACCOUNT_UPDATE Stream Trade via WebSockets

As a developer building applications on the Ethereum blockchain, you’re likely familiar with working with web sockets and interacting with exchange APIs. However, when it comes to stream trading using Binance Futures, things can get a bit more complex. In this article, we’ll delve into the issue of getting a response from the Binance API for an ACCOUNT_UPDATE stream trade via websocket.

The Problem: Lack of Response

Let’s assume you’ve successfully set up your WebSocket connection to Binance and are attempting to execute an ACCOUNT_UPDATE stream trade. You’re using the following code:

import json

import websocket



Set up WebSocket connection

socket = 'wss://fstream.binance.com/ws'



Define API endpoint for ACCOUNT_UPDATE streams

stream_endpoint = 'Olympus'



Create a new WebSocket object

ws = websocket.create_connection(socket)



Send an UPDATE request to the stream endpoint

msg = {

    "jsonrpc": "2.0",

    "method": "ETH_getAccountUpdate",

    "params": ["0x..."], 
Replace with your account address

    "id": 1

}


ws.send(json.dumps(msg))



Wait for a response

while True:

    try:

        
Receive JSON data from the server

        data = ws.recv()

        

        if 'result' in data and data['result'] == 'ok':

            print(data)

        elif 'error' in data and data['error']['code'] == 1000: 
Account update error

            print('Account update error:', data['error']['message'])

        else:

            break

    

    except websocket.exceptions.ConnectionClosed:

        break



Close the WebSocket connection

ws.close()

As you can see, this code sends an UPDATE request to the ETH_getAccountUpdate endpoint with your account address as a parameter. However, it doesn’t seem to be receiving any response from the server.

Possible Causes:

• Invalid API endpoint

  

  : Make sure that you’re using the correct API endpoint for ACCOUNT_UPDATE streams (Olympus) and that the endpoint is correctly formatted.

• Missing authentication: Binance requires authentication when making API requests. Ensure that you’ve added your account credentials to the jsonrpc header with the following format:

{"jsonrpc": "2.0", "method": "ETH_getAccountUpdate", "auth": {"address": "0x..."}, "id": 1}

• Timeout or connection issues: If you’re experiencing a timeout or connection issue, try increasing the timeout parameter in your WebSocket request:

ws = websocket.create_connection(socket, timeout=30)

• Server-side errors: It’s possible that there are server-side errors causing the API to return no response. Check Binance’s documentation for any known issues or updates related to ACCOUNT_UPDATE streams.

Example Use Cases:

• Testing stream trading: You can use this code as a starting point to test stream trading with Binance Futures.

• Development and debugging

  : This example demonstrates how to send an UPDATE request to the ETH_getAccountUpdate endpoint for testing purposes.

Conclusion:

In conclusion, when it comes to stream trading on Binance using websockets, getting a response from the server can be challenging. Make sure that you’re correctly setting up your API endpoint and authentication credentials. Additionally, keep in mind potential issues like timeouts, connection problems, or server-side errors. With some troubleshooting, you should be able to resolve this issue and successfully receive responses from Binance for stream trading purposes.

References:

• Binance Futures API documentation: [ html)

• Ethereum documentation: [