Trading Bots Account Guide
Updated Trading Bots Rules
Frequently Asked Questions
Trading Bots Account Guide
What is the Trading Bots Account?
Binance introduced a unified Trading Bots Account to enhance the user experience for Spot and Futures grid trading users. With the new account, your funds allocated for trading bots will be isolated from your Spot and Futures accounts. You can easily access and manage all your trading bot activities in this account.
In addition, grid orders created by trading bots will be separated from your Spot and Futures trading orders. It allows for a more streamlined and efficient trading experience, giving you more visibility and control over your trading activities.
Orders migration from Spot and Futures accounts to Trading Bots Account
Orders migration from Spot and Futures accounts to Trading Bots Account
- All new trading bot orders are automatically opened from the Trading Bots Account, including Spot Grid and Futures Grid. The trading bots migration won’t affect existing running grids. After terminating an existing grid, you can create a new bot trading strategy from the Trading Bots Account.
- All past and new Rebalancing Bot/Spot DCA orders are migrated to the Trading Bots Account.
How to access your Trading Bots Account?
Log in to your Binance account and hover over the [Wallet] icon. Click [Trading Bots]. You’ll see an overview of your assets allocated to the supported trading bots in your Trading Bots Account.
To view your running trading bot orders, go to the [Running] tab.
How to place new trading bot orders from the trading bots interface?
1. To place new trading bot orders, go to the Trading Bots interface and click [Trade Now].
2. Select the trading bot you wish to use and enter the parameters on the right panel. Click [Create] to place the order.
How to check my trading bots orders?
To view your running orders, select a trading bot and go to the [Running] tab below the candlestick chart.
You can also view your trading bots’ order history from the [History] tab.
Alternatively, hover over the [Profile] icon and click [Orders] from the Spot or Futures trading interface. Click [Trading Bots Order] to view your open orders, order history, and trade history generated by the trading bots.
Please note that you won’t be able to view trading bot orders on the Spot or Futures trading interface.
How to transfer funds from my Spot/Futures Wallet to the Trading Bots Account?
You cannot manually transfer assets between your Spot/Futures trading accounts and the Trading Bots Account. When you create a trading bot, such as a Spot Grid bot, the system will automatically transfer the required funds from your Spot Wallet to the Trading Bots Account. Similarly, when you end a Spot Grid bot, the system will automatically transfer the funds back to your Spot Wallet.
For Spot trading bots (including Spot Grid, Rebalancing Bot, Spot DCA):
When the bot starts, the system will automatically transfer the funds the bot requires from your Spot wallet to your Trading Bots Account. Please note that the assets transferred to the Trading Bots Account will be locked during the bot operating period.
When the bot ends, the system will automatically transfer the locked assets back to your Spot Wallet. Please note that the system will initiate the transfer automatically approx. 30 seconds after the grid ends.
You can view the transaction history from [Orders] - [Trading Bots Order] - [Transaction History]. Then, select [Spot].
For Futures bots (Futures Grid):
When the grid starts, the system will automatically transfer the funds required by the grid from your USDⓈ-M or COIN-M Futures Wallet to the Trading Bots Account.
When the grid ends, the system will automatically calculate the assets that can be transferred from the Trading Bots Account and back to your USDⓈ-M or COIN-M Futures Wallet. Please note that the system will initiate the transfer automatically approx. 30 seconds after the grid ends.
You can view the transfer, funding fee, liquidation clearance, and other transaction histories from [Orders] - [Trading Bots Order] - [Transaction History] - [USDⓈ-M] or [COIN-M].
How to calculate the transferable funds:
Your grid PNL for the symbol (symbol_grid_PNL) = initial investment + matched profit + unmatched_PNL + sum(funding_fee) + sum(commission_fee)
Transferable amount when the grid ends = min(current_grid_account_maxWithdraw, symbol_grid_PNL)
Note: Profit and loss will be generated when the position is closed, and the amount that can be transferred is subject to the final result.
How to enjoy a BNB fee deduction when trading with trading bots?
For Spot bots (including Spot Grid, Rebalancing Bot, and Spot DCA):
You can enjoy a 25% discount for Spot bots (including Spot Grid, Rebalancing Bot, and Spot DCA), and a 10% discount for Futures bot (USDⓈ-M Futures Grid) on standard trading fees when you choose to pay the fees with BNB.
You will first pay for the standard trading fee from the Trading Bots Account and receive the trading fee refunds in your Spot Wallet (if you use a Spot bot) or USDⓈ-M Futures Wallet (if you use a Futures bot). To check your BNB fee history, go to [Orders] - [Trading Bots Order] - [Fees Return History].
Please note that you must have a sufficient BNB balance in your Spot Wallet (if you trade using a Spot bot) or USDⓈ-M Futures Wallet (if you trade using a Futures bot) to pay for the trading fees. Otherwise, you will not receive your 25% or 10% trading fee rebate. For more details, please refer to How to Use BNB to Pay for Fees and Earn 25% Discount.
Certain trading rules will be affected by the Trading Bots Account migration, particularly for Grid Trading. For comprehensive trading rules details, please refer to each trading bot’s FAQs.
Some notable changes include:
Grid trading rules updates post migration
Spot grid profit calculation:
- Total Profit = Current Value - Initial Investment. This is the net gain/loss from spot grid trading.
- Grid Profit = The realized profit of filled grids orders matched by one buy order and one sell order. The trading fees incurred during the grid are already deducted from the Grid Profit.
- Floating Profit = Total Profit - Grid Profit. This is the floating profit/loss of the grid trade caused by the rise or fall in the market price of the base currency.
Futures Grid
- You can set the leverage for Futures Grid independently in your Futures USDⓈ-M and COIN-M accounts. The maximum leverage for Futures Grid is the same as Futures trading.
- As margin and leverage on the Futures accounts are set independently from the Trading Bots accounts, changing the leverage and margin mode on your USDⓈ-M and COIN-M trading won’t impact your margin mode and leverage on Futures Grid.
- Both USDⓈ-M and COIN-M Futures Grid support Single-Asset mode and One-way positions. Hedge Mode is not supported.
- USDⓈ-M supports both Isolated and Cross Margin mode, while COIN-M Futures grid only supports Cross Margin mode.
- When a grid is terminated, the grid’s pending order will be canceled, and the position will be closed.
Trading Bots Account
1. Do I need to re-create my existing trading strategies in the Trading Bots Account?
The existing trading strategies in your Spot/Futures trading accounts will continue to run until you stop them. You can create new trading strategies from the Trading Bots Account.
2. Can I run both Spot and Futures trading strategies in the Trading Bots Account?
Yes, both Spot and Futures trading strategies can run concurrently in the Trading Bots Account.
3. What happens to the existing running grids?
Existing running grids will not be affected by the Trading Bots Account migration. After terminating the grid, you can create a new one to run in the Trading Bots Account.
4. Can I still use the Spot/Futures trading accounts for trading bots?
The Trading Bots Account is designed to provide a more efficient trading experience by optimizing the management and execution of trading bots and strategies. You can only create new trading bot orders in your Trading Bots Account.
5. Is there a cut-off day for my existing trading bot orders?
There is no cut-off to existing trading bot orders. The migration will not affect pending trading bot orders and positions initially open from your Spot/Futures trading accounts.
6. Can I transfer funds between the Spot/Futures trading accounts and the Trading Bots Account?
You cannot manually transfer assets between your Spot/Futures trading accounts and the Trading Bots Account. When you create a trading bot, such as a Spot Grid bot, the system will automatically transfer the required funds from your Spot Wallet to the Trading Bots Account. Similarly, when you end a Spot Grid bot, the system will automatically transfer the funds back to your Spot Wallet.
7. How are the trading fees calculated?
Spot grid trading follows the Spot market trading fee rates, while Futures grid follows the Futures market trading fees and funding fees. Please check the Trading Fee page for more details.
8. What are base and quote currencies?
Base and quote currencies are the basic units of a trading pair. A quote currency is used to determine the value of the base currency. For example, in the BTC/USDT trading pair, BTC is the base currency and USDT is the quote currency.
Grid Trading
1. Why is my grid trading strategy terminated/canceled?
Currently, you can create up to 20 grids for USDⓈ-M Futures, up to 20 grids for COIN-M Futures, and up to 20 grids for Spot trading, with each grid bot supporting up to 170 individual grids.
Your Grid Trading strategy may be terminated or canceled if:
- The market price hits the stop-trigger price you set.
- The trading pair of your strategy is delisted or will be delisted soon.
- The number of orders in the strategy has reached the maximum number you can place (20) for that trading pair.
- Your Trading Bots Account balance is insufficient, and orders cannot be placed.
2. What does the order state represent?
- Pending Trigger: A grid is created but not triggered.
- Working: A grid is triggered.
- Expired: A grid trading strategy terminated.
- Canceled: You’ve manually ended the grid strategy.
3. Which wallet balance does Spot grid trading utilizes?
Spot Grid trading utilizes assets in your Spot Wallet to invest, while Futures Grid trading utilizes assets in your Futures Wallet. When the bot starts, the system automatically transfers the funds the bot requires from your Spot or Futures Wallet to your Trading Bots Account. When the bot ends, the system will automatically transfer the locked assets back to your Spot or Futures Wallet.
You can view the transaction history from [Orders] - [Trading Bots Order] - [Transaction History] - [Spot]. To check the PnL of your running orders, go to [History].
4. How are profits calculated if I manually cancel or close the grid trading strategy?
All profits will be settled immediately at market price when you manually cancel or close the grid strategy.
5. Why can’t I place a dual crypto grid strategy?
You may see the following error message when placing a dual crypto grid strategy.
This error occurs when the second-highest grid price is below the trading pair’s current market price. To successfully place a dual crypto spot grid strategy, please adjust the upper price away from the current market price.
For example, in a BNBUSDT spot grid arithmetic strategy:
- Upper limit: 600 USDT
- Lower limit: 100 USDT
- Grid quantity: 5
- 5 grid price points: 600, 500, 400, 300, 200, and 100 USDT
- Current market price: 520 USDT
The second-highest grid price (500 USDT) is below the current market price (520 USDT). In this case, you won’t be able to place a dual crypto grid strategy.
However, if you increase your upper limit to 700 USDT, the strategy’s grid price points would become 700, 580, 460, 340, 220, and 100 USDT. The second-highest grid price (580 USDT) will now be higher than the current market price (520 USDT), and you’ll then be able to place a dual crypto investment strategy.