This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Futures is pleased to announce the launch of the Funding Rate Arbitrage Bot. Users can now access it on the Binance website (with availability on the Binance App coming in June).
To celebrate the launch, all eligible users can participate in a special promotion to share a 50,000 USDT prize pool.
Promotion Period: 2024-05-15 11:30:00 (UTC) to 2024-05-29 11:30:00 (UTC)
Promotion A: Set up the Funding Rate Arbitrage Bot to Share 30,000 USDT
All eligible users who set up their first arbitrage bot and maintain it for 72 hours during the promotion period can get 10 USDT per user from the 30,000 USDT prize pool on a first-come, first-served basis.
Promotion B: New User Exclusive Bonus
All eligible users who have never traded on Binance Futures before the promotion period will each receive an additional 10 USDT token voucher after participating in Promotion A on a first-come, first-served basis.
Roll out your first hedging strategy with Binance Futures' Arbitrage Bot to target steady returns!
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 Now” on the activity page.
Step 3: Set up your Arbitrage Bot Strategy and let it run for at least 72h
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.
There are two types of strategies:
Positive Carry: The bot buys assets on the spot market and shorts the corresponding perpetual futures contract, aiming for the user to collect funding fees from a positive funding rate.
Reverse Carry: The bot sells assets on the spot market and goes long on perpetual contracts, aiming for the user to collect funding fees from a negative funding rate.
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 the “Register Now” button on the campaign landing page to participate.
Users must complete identity verification 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.
2. Voucher Distribution:
All vouchers will be distributed within 14 working days after the conclusion of the campaign. Users can redeem their vouchers via Account > Rewards Hub.
The validity period for all vouchers is 14 days after distribution. Eligible users must claim their vouchers before expiration. Learn how to redeem voucher rewards.
3. Additional Terms:
Each user is eligible for a single reward for Promotion A and B, regardless of the number of strategies opened. Opening multiple strategies will not provide additional rewards.
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.
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 these Promotions, 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.
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
2024-05-15
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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: Risks of trading using an arbitrage bot include, without limitation, if the direction of the funding rate reverses while employing a futures arbitrage strategy, you may end up paying instead of earning a funding fee. If the price discrepancies of the underlying Assets between the Spot and Futures markets becomes larger, or/ and in scenarios where liquidity is insufficient on either side, there may be delays or difficulties in either opening or closing positions. Both may undermine the effectiveness of the lintended hedging strategy. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
