OKX Launches Smart Bot for Easy Crypto Arbitrage Trading for Everyone
TL;DR
- OKX has launched an automated execution feature for its arbitrage strategy, simplifying the process for retail investors and enhancing efficiency.
- The new feature allows users to automate opposing positions in spot and perpetual futures markets, making funding rate arbitrage more accessible.
OKX, the third-largest cryptocurrency exchange by trading volume, has introduced an automated execution feature for its bi-legged crypto arbitrage strategy. This innovation allows retail investors to enhance their returns without the complexities usually associated with arbitrage trading. With built-in AI, the arbitrage bot offers both smart and custom modes, catering to various trading preferences.
The latest enhancement enables eligible users to automate the simultaneous placement of opposing positions in both spot and perpetual futures markets. This method capitalises on pricing discrepancies, streamlining a process once deemed complex. Funding rate arbitrage, popular among experienced traders since the 2020 bull run, typically involves buying crypto in the spot market while selling perpetual futures contracts when they trade at a premium.
The smart mode of the arbitrage bot automatically recommends optimal strategies, managing entry and exit points. For traders who prefer a hands-on approach, the custom mode allows for strategy selection based on personal research. As more exchanges like Binance adopt automated execution features, the accessibility of sophisticated trading strategies is likely to increase, benefiting a wider range of investors.
What are your thoughts on automated trading strategies in the crypto space?
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