{"recommended-min-holding-period-descr":"Recommended minimum holding period is the estimated breakeven period based on past 30 days average funding rate. View more calculation details.","vip-level":"VIP {{level}}","your-fee-level":"Your Fee Level","regular-user":"Regular User","futures-fee-rate":"Futures Fee Rate","spot-fee-rate":"Spot Fee Rate","quiz-q5-choice-2":"No","faq-content-10":"
There are costs associated with subscribing to Smart Arbitrage, including trading fees and spread. The trading fee is up to 0.15% depending on your VIP level. Spread control is by default in the system set at 0.1% absolute value.

As the holding time increases, the income from the funding rate (if it is a positive funding rate) will gradually offset the initial cost and generate profits.

","start-quiz-title":"Smart Arbitrage Tutorial & Quiz","last-days":"Last {{num}} days","faq-title-5":"Frequently asked questions on arbitrage strategy","faq-title-3":"How does Smart Arbitrage work?","view-more":"View More","faq-title-1":"What is the Smart Arbitrage?","faq-content-3":"Arbitrage involves going long in one market (e.g., spot) and short in the other (e.g., futures) to collect the funding fee. The funding rate arbitrage strategy is delta neutral, meaning it aims to hedge out price movement risks by taking opposite positions in the futures and spot markets. This strategy implies that no matter the price change direction, your profit on a long position will offset your loss on short (or vice versa), and you will collect the funding fee. The goal is to profit from the funding rate payments without being exposed to significant price volatility risks.","faq-content-1":"The Smart Arbitrage is an innovative tool designed for traders to engage in arbitrage strategies between perpetual futures contracts and their spot equivalents. It leverages the funding rate mechanism by hedging their futures position with a spot position to collect the funding fee.","faq-title-4":"Monitoring / Managing your portfolio","Principle":"Principle","summary-item-2":"There may be a spread when futures and spot position are opened or closed, which could lead to negative final redemption profits.","coach-2-content":"Pick a portfolio that aligns with your investment goals. This portfolio will be used to execute the arbitrage strategy.","quiz-q4":"What is the fee to open/close the spot/futures positions in Smart Arbitrage?","summary-item-1":"The Current APR is subject to fluctuate with the Funding Fee of Binance USDT Perpetual Contract over time.","quiz-q5-choice-1":"Yes","faq-title-2":"What are funding fees in Perpetual Futures trading?","no-records-found":"No Records Found","there-is-not-enough-asset-in-your-balance":"There is not enough asset in your balance","smart-arbitrage-agreement":"I have read and agreed to Binance Smart Arbitrage Service Agreement","product-rules-item-2":"We reserve 10% of the initial investment as a buffer to account for margin checks and market movements.","summary-item-3":"Initial costs including trading fee and spread cost are up to 0.25%.","faq-content-7":"
Leverage affects the initial margin required but does not influence the margin ratio. Therefore, increasing leverage does not inherently increase liquidation risk.

Your futures position size is equal to your spot order executed size in order to keep a delta neutral strategy.

The leverage level will impact the initial margin required to keep the position open.

","quiz-q2":"Is Smart Arbitrage a risk-free product?","product-rules-item-1":"This product has no lock-in period, supports immediate deposit and withdrawal.","coach-1-content":"Select the token you want to invest. This will be your principal investment.","faq-title-7":"What is the impact of leverage on my futures positions?","quiz-q4-choice-2":"0.001%","available-amount-coin-from":"Available: {{amount}} {{coin}} from","faq-content-2":"
Funding fees are periodic payment between long and short position holders in perpetual futures markets, intended to align the futures prices with the spot prices of the underlying asset.

Funding fees = position size x funding rate

Funding rate then determines the funding fee, fluctuating over time for every symbol independently. You can find an overview of the funding rate here for each symbol on Binance Futures. For more information about the funding fees, refer to the dedicated Blog: What Are Funding Fees in Binance Futures?

","you-have-finished-count-questions":"You have finished {{count}}/{{total}} questions.","smart-arbitrage-subscribe-summited":"Smart Arbitrage Subscription submitted.","30day-profit":"30-Day Profit","go-to-earn-wallet":"Go to Earn Wallet","Redo":"Redo","coach-3-content":"Confirm your selections and subscribe to begin your investment journey.","quiz-q2-choice-1":"Smart Arbitrage is a risk-free product and 100% principal protected.","quiz-q1-choice-2":"Smart Arbitrage engage in arbitrage strategies between perpetual futures contracts and their spot equivalents. It leverages the funding rate mechanism by hedging futures positions with spot positions to collect the funding fee.","quiz-result-pass":"Congratulations! You have passed the quiz! You can start trading Smart Arbitrage.","Tutorials":"Tutorials","past-30d-apr-descr":"The past 30d APR shows the lowest and highest APR in the past 30 days.","quiz-congrats-descr":"You have passed the quiz. Now you can subscribe Smart Arbitrage.","quiz-q3-choice-1":"Yes","Subscribe":"Subscribe","faq-content-6":"You can operate up to 10 independent funding rate arbitrage strategies, each supporting a different symbol. This means you cannot have more than one strategy per symbol, even in different accounts. For example, if you open a BTCUSDT long in one account, you cannot open another BTCUSDT strategy in a different account.","frequently-asked-questions":"Frequently Asked Questions","spot-wallet":"Spot Wallet","go-to-smart-arbitrage":"Go to Smart Arbitrage","go-to-history":"Go to History","coach-3-title":"Step 3: Subscribe Here to Start Your Smart Arbitrage Journey","quiz-q3-choice-2":"Under extreme market conditions, redemption may not be available at certain times.","Cancel":"Cancel","product-rules":"Product Rules","faq-content-5":"In Smart Arbitrage, the product builds a strategic combination of futures and spot. It involves futures trading that needs to comply with futures trading rules. For more related questions, please refer to the FAQ.","smart-arbitrage-subscribe-successfully":"Your Subscription is Successful.","coach-1-title":"Step 1: Choose the Principal to Invest In","my-holdings":"My Holdings","start-quiz-descr":"Smart Arbitrage is a "high risk, high return" non-principal protected structured saving product. It is not recommended to subscribe to Smart Arbitrage if you do not fully understand the product. To ensure you have a good understanding of Smart Arbitrage, please complete the below knowledge assessment.

This knowledge assessment includes five questions. You must score a full mark to proceed to the next step. ","faq-content-4":"
Monitoring your portfolio

Click on [My Portfolio] on Smart Arbitrage homepage or [Earn Wallet - Smart Arbitrage] to track your portfolio details, such as position size, total funding, market value, and receive funding fee alerts.

Managing your portfolio

To redeem your investment and close your position, please click on [Earn Wallet - Smart Arbitrage - Redeem].","faq-title-9":"Can I get liquidated while using the Smart Arbitrage?","quiz-q5":"Is the funding fee always positive?","smart-arbitrage-subscribe-unsuccessfully":"Your Subscription has failed.","quiz-q1-choice-1":"Spot or Futures","Start-Quiz":"Start Quiz","Summary":"Summary","Amount":"Amount","Confirm":"Confirm","quiz-q1":"What kind of portfolio are included in Smart Arbitrage Bot?","quiz-q3":"Is redemption available anytime in any market condition?","max":"MAX","Done":"Done","Submit":"Submit","faq-content-9":"
While the bot aims to minimize risk through its hedging strategy, extreme market conditions and delays in price adjustments between spot and futures markets could potentially lead to liquidation events. Users should maintain adequate margins and monitor their positions closely to manage risk effectively.

While the bot aims to reduce risk through hedging, extreme market conditions could still lead to potential liquidation.

Spot vs Futures Mark price divergence scenario

For example:
An extreme market divergence can cause a significant spread between the futures and spot prices. Suppose you go long in a UM BTCUSDT contract at 60,000, while the spot price remains unchanged, but the UM BTCUSDT price drops to 12,000. In this case, the account could be liquidated, as the uniMMR would drop below 105%.

Recurring Opposite Funding Rate eating up margin

Additionally, if the funding rate changes against your position, it can gradually eat up your margin, eventually leading to liquidation.
","faq-title-10":"Why I get negative profits after subscribing?","faq-title-6":"How many funding rate strategies can I run simultaneously?","smart-arbitrage-agreement-update":"The \"Binance Smart Arbitrage Service Agreement\" has recently been revised. Please ensure that you have read and that you agree to the terms and conditions before proceeding.","faq-content-8":"
Significant and persistent price differences may affect the profitability and risk profile of your arbitrage strategy. Spread control makes sure that Futures price and Spot price are aligned when you create the strategy.

Spread = futures last price - spot last price, for long is -0.1%, for short is 0.1%.

Spread control is by default in the system set at 0.1% absolute value.

","Congratulations":"Congratulations!","quiz-q4-choice-1":"Up to 0.15%, depending on your VIP level.","quiz-q2-choice-2":"Even with Smart Arbitrage hedging most risks, there may be a spread when opening or closing futures and spot positions, which could lead to negative final redemption profits or even the liquidation of the entire investment.","smart-arbitrage-quiz":"Smart Arbitrage Quiz","coach-2-title":"Step 2: Choose the Portfolio for the Arbitrage Strategy","close-quiz-warning":"Are you sure that you want to quit? The quiz would not be saved.","faq-title-8":"What is the spread control?","quiz-result-failed":"The answers to {{count}} question(s) are incorrect.","smart-arbitrage":"Smart Arbitrage","product-rules-headline":"Mechanism: In perpetual markets, if the funding rate is positive, shorts earn the funding fee. By shorting contracts and buying equal spots, you offset price fluctuation and gain the funding fee.","my-portfolio":"My Portfolio","search-portfolio":"Search Portfolio","banner-subtitle":"Arbitrage Steadily and Increase Your Profits Easily","Portfolio":"Portfolio","the-min-investment-size":"Min Investment Size: {{amountText}}","past-30d-apr":"The Past 30d APR","the-min-investment-size-is":"The min investment size is {{amountText}}.","est-position-size":"Est. Position Size","apr-history":"APR History","past-30d-apr-calculation":"APR = Funding Rate (%) / Funding Interval * 24 * 365","recommended-min-holding-period":"Recommended min holding period","current-apr":"Current APR","est-position-size-descr":"The estimated position size is calculated by deducting the reserved buffer from your investment amount. The actual position size may slightly differ due to the actual fees charged.","portfolio-coin":"Portfolio {{coin}}","days":"{{duration}} Days","no-futures-account-warning-descr":"Simply click [Futures] on the Binance homepage.","Understood":"Understood","no-futures-account-warning-title":"To get started, please open your Futures account.","futures-trading-is-a-highly-risky":"Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated. Futures trading is restricted for users from certain regions.","reminder-colon":"Reminder:","seo-description":"Binance Smart Arbitrage is designed for traders to engage in arbitrage strategies between perpetual futures contracts and their spot equivalents. By leveraging the funding rate mechanism, traders can hedge their futures positions with spot positions to collect funding fees. Start maximizing your trading efficiency with Binance Smart Arbitrage today.","seo-keywords":"Binance Smart Arbitrage, Funding Rate Arbitrage, Crypto arbitrage trading, Arbitrage Trading Strategies","i-understood-the-rules-and-risks":"I understood the rules and risks of future trading, and I agree that any loss incurred during futures trading is my own responsibility regardless of the platform.","open-a-futures-account-to":"Open a Futures Account to Get Started","seo-title":"Binance Smart Arbitrage","open-now":"Open Now","click-to-see-futures-trading-guide":"Click to see Futures Trading Guide","futures-services-agreement":"I have read and agreed to Binance Futures Service Agreement","view-history":"View History","asset-name":"Asset Name","back-to-smart-arbitrage":"Back to Smart Arbitrage","subscription-successful":"Subscription Successful","reload-for-result":"Reload for result","subscription-submitted":"Subscription Submitted","go-to-wallet":"Go to Wallet","subscription-failed":"Subscription Failed","OK":"OK","tabbar-faq":"FAQ","tabbar-home":"Home","30d-apr-descr":"30-day Cumulative Funding Rate is the sum of the recent 30 days (720 hours) funding rate settled.","30d-apr-colon-value":"30d APR: {{value}}","30d-apr":"30d APR","next-apr":"Next APR","smart-arbitrage-subscribe-failed":"Your subscription has failed. Please try a different portfolio.","the-max-investment-size":"Max Investment Size: {{amountText}}","total-balance":"Total Balance","30d-apr-calculation":"APR = | average (recent 720hr Funding Rate%) | / Funding Interval * 24 * 365","the-max-investment-size-is":"The max investment size is {{amountText}}.","go-to-spot-wallet":"Go to Spot Wallet","no-more-data":"No more data","your-experience-with-us-matters":"Your experience with us matters!","provide-feedback":"Provide Feedback","smart-arbitrage-customer-satisfaction-survey":"Binance Earn Smart Arbitrage Customer Satisfaction Survey","share-your-thoughts-in-binance-survey":"Share your thoughts in Binance Survey.","take-the-survey":"Take the Survey","invalid-input-amount":"Invalid input, supports up to {{numOfDp}} decimal places.","Go to Wallet":"Go to Wallet","smart-arbitrage-on-binance":"Smart Arbitrage on Binance - Maximize Crypto Profits with Arbitrage","smart-arbitrage-on-binance-desc":"Unlock the power of Smart Arbitrage on Binance. Maximize your crypto profits with efficient and automated arbitrage trading strategies."}