To mark the launch of our new Funding Rate Arbitrage Bot now available on Web and App, Binance Futures is launching a special promotion.
Whether you're new to futures trading or an experienced trader, this campaign offers a unique opportunity to take advantage of funding rate strategies while potentially boosting your PnL.
Create a Strategy using Funding Rate Arbitrage Bot, run it for at least 72 hours (3 days), and receive an additional 20% on your funding profits, capped at 50 USDT per major UID.This promotion is available within a 50,000 USDT pool, on a first-come, first-served basis.
Promotion:
Create a Strategy and run it 72h: Users who register and create a Funding Rate Arbitrage Bot during the campaign period will receive an additional 20% on their funding profits, capped at 50 USDT per major UID. The strategy must run for at least 72 hours.
Reward Pool: This promotion is available within a 50,000 USDT pool, on a first-come, first-served basis.
Snapshot Date: Funding profit snapshot will be taken 3 days after the campaign ends, on 2024/07/14 11:30:00 (UTC) to determine reward amounts for each winner.
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 āRegister Nowā on the activity page.
Step 3:Create at least one Funding Rate Arbitrage Strategy and let it run for at least 72h.
Terms and Conditions
1. Participation:
Users must click on the āRegister Nowā button on the campaign landing page to participate.
Users must complete identity verificationā 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 accounted for will be for strategies that were open during the promotion period
Funding profit snapshot will be taken on 2024/07/14 11:30:00 (UTC) to identify reward amounts for each winners
Reward will be disbursed as USDT token vouchers matching the reward amount, disbursed in Users Futures account.
2. Voucher Distribution:
All vouchers will be distributed within 14 working days after the conclusion of the campaign. Binance 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 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.
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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, the potential for the direction of the funding rate to reverse. If this occurs while employing a futures arbitrage strategy, you may end up paying rather than 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 intended 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.