Spot Grid Bot uses a grid bot that’s designed to buy low and sell high automatically to maximize profits in a volatile 24/7 crypto market.
Grid bots are automated trading strategies designed to place buy and sell orders at predetermined intervals within a predefined price range. They’re designed to capitalize on price fluctuations and perform best in volatile markets.
How Do Bybit EU Grid Bots Work?
You can set a series of buy and sell orders in either price direction, creating a trading grid of orders waiting to be triggered. When the Spot price hits your preset target, a buy order will be executed, and a sell order will be placed above on the next grid. When the price rises again to the next grid, the sell order will be executed, allowing you to profit from the price difference.
Example
Suppose Trader A creates a Spot Grid Bot strategy based on the following parameters:
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Spot pair: BTC/USDC
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Market price: 54,000 USDC
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Upper price: 65,000 USDC
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Lower price: 45,000 USDC
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Number of grids: 5
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Intervals: 4,000
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Total investment: 23,610 USDC
The system will calculate the actual amount of base token required to place an order, and then automatically buy the corresponding base token needed for the Spot Grid Bot strategy by placing market orders.
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P&L Calculations (Spot Grid Bot)
When the Spot Grid Bot strategy is successfully activated, the orders will be placed as follows:
|
Price (USDC) |
Order Type |
|
65,000 |
Sell |
|
61,000 |
Sell |
|
57,000 |
No initial orders will be placed |
|
Market price: 54,000 USDC | |
|
53,000 |
Buy |
|
49,000 |
Buy |
|
45,000 |
Buy |
Scenario One: In a Volatile Market
When the BTC price hits 53,000 USDC, the buy order will be executed, and the sell order at 57,000 USDC will be placed above the next grid. When the price rises to 57,000 USDC, the sell order will be executed, and a buy order at 53,000 USDC will be placed — that is, a grid trade is now completed and profits are made from the price difference.
Scenario Two: In a One-Sided Market
When the BTC price rises to 57,000 USDC, no buy/sell orders will be triggered. In the one-sided market, the BTC price rises to 61,000 USDC, which will trigger a sell order and place a buy order at 57,000 USDC.
If the price continues to rise and reaches 65,000 USDC, a sell order will be placed at 65,000 USDC, and a buy order placed at 61,000 USDC.
Your grid bot will only operate in the upper and lower price bounds that have been configured. When the BTC price rises above 65,000 USDC or falls below 45,000 USDC, the strategy will be suspended and no new order will be placed by the grid bot.
If the market price falls outside of the price range, you can choose either to close the Spot Grid Bot strategy to get the most out of your funds, or wait for the price to return to the range you’ve set, at which time the strategy will resume.
Notes:
— Entry order will be bought at the market price, to ensure the successful execution of the grid strategy.
— Spot Grid Bot will be channeled directly through your Funding Account.