Binance Futures Launches Funding Rate Arbitrage Bot
If you are a crypto trader, you would be pleased to know that Binance Futures has introduced a new Funding Rate Arbitrage Bot to enhance your trading experience. This bot is designed to make trading more efficient and is now accessible on the Binance website, with plans for availability on the app in June.
Exciting Promotion with USDT Prize Pool
To mark the launch of the bot, Binance Futures is hosting a special promotion for its users. During the promotion period, eligible users can compete for a share of a 50,000 USDT prize pool. The promotion is set to take place from 2024-05-15 11:30:00 (UTC) to 2024-05-29 11:30:00 (UTC).
- Users who set up their first arbitrage bot and maintain it for 72 hours can earn 10 USDT per user from a 30,000 USDT prize pool.
- New users who have never traded on Binance Futures before can receive an additional 10 USDT token voucher after participating in the promotion.
Understanding the Funding Rate Arbitrage Bot
The Funding Rate Arbitrage Bot operates by leveraging funding fees, which are periodic payments exchanged between long and short positions in perpetual futures contracts. This bot allows traders to capitalize on these fees by opening a position on perpetual futures and hedging it through an opposite position on the same symbol in the spot market.
- Positive Carry strategy involves buying assets on the spot market and shorting the corresponding perpetual futures contract.
- Reverse Carry strategy involves selling assets on the spot market and going long on perpetual contracts.
Steps to Participate
Participating in the promotion is simple and involves the following three steps:
- Log in to your Binance Futures account.
- Register for the activity by clicking on ‘Register Now’ on the activity page.
- Set up your Arbitrage Bot Strategy and let it run for at least 72 hours.
Terms and Conditions
It is important to review the terms and conditions associated with the promotion. Some key points to note include:
- Vouchers will be distributed within 14 working days after the campaign ends.
- The validity period for all vouchers is 14 days after distribution.
- Availability of the campaign may be subject to restrictions based on legal and regulatory requirements in specific jurisdictions or regions.
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Hot Take: Exploring New Opportunities with Binance Futures
As a crypto trader, staying informed about new tools and promotions in the market can help you stay ahead of the curve. By leveraging the Funding Rate Arbitrage Bot on Binance Futures, you can explore new opportunities to enhance your trading strategies and potentially earn rewards through the ongoing promotion.
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