This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To mark the launch of the new Funding Rate Arbitrage Bot on the Binance website and App, Binance Futures is launching a special promotion to new and experienced futures traders.
Promotion Period: 2024-06-27 11:30:00 (UTC) to 2024-07-11 11:30:00 (UTC)
Eligible users who register for the Promotion on the landing page and create Funding Rate Arbitrage Bot(s) that run for at least 72 hours during the Promotion Period will receive an additional 20% on their funding profits, capped at 50 USDT per user.
Users can share a 50,000 USDT pool on a first-come, first-served basis. Funding profit snapshot will be taken 3 days after the Promotion Period ends at 2024-07-14 11:30:00 (UTC) to determine the reward amount for each eligible user.
How to Participate
Step 1: Log in to your Binance Futures account. If you haven't created your Binance Futures account yet, please sign up here.Step 2: Register for the activity by clicking on “Register for the Promotion Now” on the activity page.Step 3: Create at least one Funding Rate Arbitrage Strategy and let it run for at least 72 hours.
How Does the Funding Rate Arbitrage Bot Work
Funding fees are periodic payments exchanged between long and short positions in perpetual futures contracts. The Funding Rate Arbitrage Bot aims to allow traders to earn these fees by opening a position on perpetual futures and hedging it by taking an opposite position on the same symbol in the spot market.
For more details, visit What is the Binance Funding Rate Arbitrage Bot and How Does It Work.
Terms and Conditions
1. Participation:
Users must click on the “Register for the Promotion Now” button on the Promotion landing page to participate.
Users must complete account verification (KYC) to be eligible for rewards.
The campaign is only available to users who are eligible for trading on Binance Futures and may not be available or may be restricted in certain jurisdictions or regions, depending on legal and regulatory requirements.
Users are responsible for informing themselves about and observing any restrictions or requirements regarding the access to and use of Binance Futures trading services in each country or region from which the services are accessed.
Only users with positive funding profits will be eligible for any reward. Funding fee profit will be for strategies that were open during the Promotion Period.
Funding profit snapshot will be taken at 2024-07-14 11:30:00 (UTC) to identify the reward amount for each eligible user.
2. Voucher Distribution:
Rewards will be distributed in USDT token vouchers.
All token vouchers will be distributed within 14 working days after the Promotion ends. Users can redeem their vouchers via Account > Rewards Hub.
The validity period for all vouchers is 14 calendar days after distribution. Eligible users must claim their vouchers before expiration. Learn how to redeem voucher rewards.
3. Additional Terms:
Broker accounts or sub-accounts will not be considered as individual participants; trading activity of sub-accounts will be combined with the master account's trading activity in the final calculation.
Binance reserves the right to disqualify trades deemed to be wash trades or illegal bulk account registrations, as well as trades that display self-dealing or market manipulation attributes.
The creation of duplicate accounts, use of fake accounts, or any other forms of cheating and fraudulent behavior are strictly prohibited. If any such actions are verified, all awarded prizes and eligibility for compensation will be revoked.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending the Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be done, and all Participants shall be bound by these amendments.
Additional promotion terms and conditions apply and can be accessed here.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-27
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
