2024-06-26 10:15:01What are grid bots?
Grid bots are tools for automated trading strategies. They're designed to place buy and sell orders at regular intervals within a predefined price range. Grid bots seek to capitalize on price fluctuations. They perform the best in volatile markets.
Which market does the Spot Grid Bot operate in?
Spot Grid Bot operates on the Spot trading market.
What kind of market is suitable for grid trading?
Grid trading strategies are suitable for volatile and sideways markets.
Which trading pairs are supported by Spot Grid Bot?
You can find the trading pair supported by Spot Grid Bot here.
What tokens does Bybit support to create my Grid bot?
Bybit supports multiple coin types for Spot Grid Bot such as USDT, USDC, BTC, and DAI.
What are the base token and quote token?
The base token and the quote token are the basic units of a trading pair. The quote token is used to determine the value of the base token.
Taking BTC/USDT as an example:
Base token, BTC, is the asset that you're buying or selling.
Quote token, USDT, is the asset that is used to determine the value of the base token.
Are there any fees associated with grid bots?
Spot Grid Bots only charge Spot trading fees when the orders are successfully filled. The fee rates are the same as Bybit Spot Trading Fee Structure. No other fees will be charged to create a Spot Grid Bot.
Which account do I use for Spot Grid Bot?
Spot Grid Bot will be channeled directly through your Funding Account. When you create a grid bot, the system will automatically transfer the required amount of funds to create a bot from your Funding Account.
What’s the difference between Grid Profits, Current P&L, and Total P&L?
Below is the difference between Grid Profits, Total P&L, and Current P&L.
| Grid profits | The Grid Profit represents the cumulative profits that have been realized from each individual buy and sell trade within the current Spot Grid Bot strategy, calculated per grid. |
| Total P&L | This includes the realized grid profits, realized trading fees, and the unrealized P&L arising from the difference between the base token value calculated from the average buy price and the current price. |
| Current P&L | Current P&L = Realized P&L + Unrealized P&L - Cumulative Withdrawn Grid Profit |
Therefore, users should refer to the Total P&L that reflects the most relevant P&L upon bot termination
Why am I having a loss in my Total P&L while my Grid Profit is positive?
The Grid Profit represents the cumulative profit generated by each completed Buy and Sell Order pair within the trading strategy. In contrast, the Total P&L (Profit and Loss) includes both realized profits and unrealized P&L. Unrealized losses can occur when the value of tokens held by the trading bot decreases due to market price drops. Consequently, it's possible to have a positive Grid Profit while simultaneously experiencing a negative Total P&L, indicating that the realized profits are not enough to cover the unrealized losses.
How do I receive my profits and investment amount after I terminate my bot?
When your grid bot is running, any profit will remain within the bot. After bot termination, your investment amount and profits will automatically transfer to your Funding Account.
Where can I view the amount transferred to create a Bot from the Funding Account?
Click on Assets → Funding Account → History → Select Bot under the Type tab on the All Transactions page.
Are there any limits to upper and lower prices in grid trading?
Yes. Please refer to the table below:
| Minimum | Maximum | |
| Upper Price | Market Price × 0.8 | Market Price × 3 |
| Lower Price | Market Price × 0.3 | Market Price × 1.2 |
Is there a limit to the number of grids?
Yes. Please refer to the following:
| Minimum Number of Grids | Maximum Number of Grids | |
| Number of Grids | 2 | 200 |
Please note that the system will adjust the limit of the maximum number of grids according to the price range you set. In other words, if you set a narrower price range, the maximum number of grids will decrease accordingly to ensure that the grid trading strategy records positive profits (i.e., grid profits are greater than trading fees) under normal market conditions.
The specific minimum/maximum number of grids will be displayed in the No. of Grids column according to your price range settings.
Are there limits on the amount of investment for grid trading?
The investment amount limit can vary depending on the upper price, lower price and the number of grids you’ve set. The specific minimum/maximum investment amount will be displayed, according to your parameter settings, in the Total Investment column.
Can I adjust my grid bot parameters?
Yes, you are allowed to modify the price range and number of grids while the bot is actively running. However, please be aware that your investment amount will be automatically adjusted by our system to accommodate the new bot parameters.
Can I withdraw my realized grid profits?
Yes, you can go to the Details page and click on Withdraw to withdraw the realized grid profits. However, the maximum withdrawal amount for Spot Grid is determined by the market condition, as partial profits may be retained to cover any extra holding costs in the future. Under all circumstances, the initial investment amount is the minimum amount that must remain within the bot and cannot be withdrawn.
Where will my withdrawn profits be transferred to?
Withdrawn profits from trading bots will be credited to the Funding Account.
Why am I unable to successfully create a grid bot?
Take the following remedial steps:
1. Please check whether there are enough USDT assets in your Funding Account to meet the minimum investment amount for the grid trading strategy.
2. If the assets are sufficient, please check whether the parameters you’ve set are within the specified limits.
If you are still facing problems creating a Spot Grid Bot, please reach out to Customer Support by submitting a case via this form.
How many Spot Grid Bots can I run simultaneously?
Currently, you can have up to 50 Spot Grid Bots running simultaneously.
Do I need to terminate the grid bot if the market price falls outside of my predefined price range?
The grid bot will only operate in the upper and lower price bounds you've configured. If the market price falls outside of this range, no new order will be placed by the grid bot until the price returns to the range. Currently, you're not allowed to modify the grid parameters when the grid bot is active. We recommend that you terminate the bot based on your trading preferences to minimize losses.
Will my position be liquidated in Spot Grid Bot?
Spot Grid Bots operate within the Spot market, hence there will be no liquidation risk.
How is the grid profit calculated if I manually close the grid trading strategy?
All profits will be settled immediately at market price.
Why is the actual amount received less than the expected amount after terminating my grid bot?
The amount of coins you receive will depend on the settlement processing methods you choose.
If you choose BTC+USDT, the amount of coins received will be the same as the total profit. If you choose USDT or BTC, the exchange between tokens will be based on the market price, and the corresponding Spot trading fee will be charged. This is why you may receive less than the total profit shown under Profit on the Details page.
Why did my bot fail to initialize and what would happen to my funds?
1. In volatile market conditions, if the estimated filled price deviates more than 10% from the current market price, the bot will fail to initialize to avoid large slippage. The investment amount will be fully credited back to your Funding Account.
2. When the average filled price of the initial market buy order is higher than expected due to slippage, it results in inadequate arbitrage opportunities as the price difference may not be sufficient to generate any grid profit. In this case, the base token bought together with the remaining USDT will be credited back to your Funding Account due to failed initialization.
3. When the average filled price of the initial market buy order is higher than expected due to slippage, the remaining quote token is insufficient to place all the limit orders required for the bot. In this case, the base token bought together with the remaining USDT will be credited back to your Funding Account due to failed initialization.
Where can I view my order history?
On the Bybit website, please head to My Bots to view all active and completed bots. Click on Details for the specific bot to access its detailed information.
On the Bybit App, go to Trading Bots → View My Bots → Details to view your bot’s details.
Why is the quantity of my sell order less than that of the buy order?
The quantity of sell orders is different from that of buy orders due to the deduction of Spot trading fees.
Are there any Identity Verification (KYC) requirements for grid trading?
Yes, Individual Identity Verification Lv. 1 or Business Identity Verification is required. To learn more about Identity Verification, please refer to the following articles:
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