Binance Unveils Smart Arbitrage And New Campaign With 50,000 USDT In Rewards
In Brief
Binance launched Smart Arbitrage, which is aimed at helping users benefit from funding rate payments while reducing their exposure to price volatility.
Cryptocurrency exchange Binance launched a new feature called Smart Arbitrage, designed to enable users to earn funding fees by hedging their perpetual futures positions with spot positions. This tool aims to help users leverage the advantages of funding rate payments while reducing their exposure to price volatility.
With Smart Arbitrage, traders can take advantage of positive funding rates to earn rewards. Additionally, offering a delta-neutral strategy, it allows users to hedge against price movement risks by taking opposite positions in both the futures and spot markets. This feature also includes risk management measures, setting aside 10% of the initial investment as a buffer to accommodate margin checks and market fluctuations.
In order to subscribe to Smart Arbitrage, traders are encouraged to click on “Earn” and then navigate to “High Yield” and “Smart Arbitrage”. From there, they can choose their preferred portfolio and click “Subscribe” to begin.
Binance Launches Promotion, Allowing Users To Earn Up To 17,18% APR
Along with the launch of Smart Arbitrage, Binance has initiated a promotion. Users who choose to take part and subscribe to Smart Arbitrage for over seventy-two hours over the course of the promotional period will secure a 10% Bonus APR on their initial subscriptions of 1 to 2,500 USDT, in addition to the real-time APR. The total reward pool for this promotion is 50,000 USDT and will be allocated on a first-come, first-served basis.
It’s important to note that users subscribing with more than 2,500 USDT will only get the 10% Bonus APR on the first subscription amount within the range of 1 USDT to 2,500 USDT.
The campaign is currently ongoing and is scheduled to conclude at 23:59 UTC on October 27th.
Binance facilitates transactions for over 350 cryptocurrencies and digital tokens. The platform is known for its competitive transaction fees and appealing liquidity options, making it suitable for a wide range of users worldwide. Recently, it introduced the Binance Traders League, a cryptocurrency trading competition featuring a prize pool exceeding $10 million aimed at spot and futures traders.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
