Bybit Arbitrage is a trading tool that simplifies arbitrage trading by capitalizing on funding rate and price differences.

If you're seeking consistent returns with minimal risk, Bybit Arbitrage is the perfect ally.

 This robust tool empowers you to generate regular profits with minimal risks by capitalizing on price disparities across different markets. Its user-friendly interface lets you easily spot and exploit these differences, so that you can execute flawless arbitrage trading in the crypto market with confidence. Read on to learn how Bybit Arbitrage makes arbitrage trading an effortless way for you to achieve low-risk gains.

 is the buying and selling of the same or similar asset(s) at the same time across different markets to earn from slight price deviations. This act of purchasing an asset at a fixed price — while simultaneously selling it at a higher price — allows a trader to instantly make profits without any risks. 

While arbitrage trading has long been a staple in traditional financial markets, such as stock and forex, the advent of crypto trading has propelled arbitrage trading to new heights — thanks to the heightened volatility of the crypto market. Additionally, unlike traditional stock markets, crypto markets are traded 24/7, offering more opportunities for arbitrage traders to reap profits from the price gaps across exchanges and markets. 

 across exchanges or within a single exchange. Keep in mind that if you opt to arbitrage trade across different platforms, accessing your profits may prove to be complex, due to the need to transfer your assets between the exchanges, which can take up to several days to complete. On the other hand, arbitrage trading on a single platform is more straightforward — but more competitive as well.

There are multiple arbitrage trading strategies, but the most common ones in the crypto market include funding rates arbitrage, spot-futures arbitrage and futures arbitrage. 

Funding rates arbitrage allows traders to profit from variations in funding rates between 

 contracts. In contrast, spot-futures arbitrage enables traders to profit from price disparities between the spot and 

 for the same asset. Meanwhile, futures arbitrage involves profiting from price discrepancies between futures contracts with different expiration dates.

Bybit Arbitrage is a trading tool that helps traders identify arbitrage trading opportunities in two ways: funding rate and spread. 

The user-friendly interface organizes trading pairs based on either funding rates or spreads in different markets, so that traders can easily spot disparities in funding rate or price across the markets at a glance. 

Bybit Arbitrage is exclusively available to 

 mode. It facilitates arbitrage trading for USDT Perpetual, USDC Perpetual and USDC Futures contracts, thereby allowing you to enjoy arbitrage trading opportunities between USDT 

Spot pairs and USDT Perpetual pairs, or USDC Spot pairs and USDC Perpetual/Futures pairs. 

The Funding Rate Arbitrage feature exploits differences in funding rates between the Spot and Perpetual/Futures markets on the Bybit exchange. With the Funding Rate feature, traders can earn funding fees while simultaneously managing their positions in order to minimize potential losses and maximize gains through positive and negative arbitrage strategies.

Funding rates for the different trading pairs are listed in descending order. This helps traders to easily leverage the interest rate differential between Spot and Perpetual/Futures contracts.

The Funding Rate feature also allows you to 

 orders (with the same amount, but in different directions) in both Spot and Perpetual/Futures, which enables you to earn funding fees while mitigating potential losses (with potential gains).

holders in Futures/Perpetual contracts pay short position holders. You can leverage this situation by executing a positive arbitrage, which involves

 buying a Spot pair and taking a short position in 

Perpetual to earn steady funding fees. Alternatively, if the funding fee is negative, short position holders pay long position holders. In this case, you would perform a negative arbitrage by shorting a Spot pair and going long in a 

The Spread Arbitrage feature helps traders capitalize on price discrepancies between different markets for the same cryptocurrency asset. With this feature, you can easily compare the market prices of an asset traded across various trading pairs and contracts. While Spread Arbitrage may be similar to spot-futures arbitrage, it offers more arbitrage opportunities since it covers a broader range of markets, unlike spot-futures arbitrage, which targets specific markets

With Spread Arbitrage, the aim is to profit from the eventual price convergence as you buy the crypto asset at a lower price in one market (e.g., Spot) and sell it at a higher price in another market (e.g., Futures). 

As the futures price will eventually align with the Spot price when the contract expires, you’ll be able to take advantage of the simultaneous price disparity for the same asset.

In order to trade with Bybit Arbitrage, you’ll first need to 

. Currently, Bybit Arbitrage is exclusively accessible via the 

 for the web version, which will be launched soon!

Bybit Arbitrage offers multiple advantages.

Bybit Arbitrage is a powerful tool for traders seeking low-risk gains in the volatile crypto market. With its intuitive interface and exclusive features, traders can effectively leverage funding rate and price differences to maximize profits while minimizing risks. Bybit Arbitrage offers diverse benefits that make arbitrage trading more accessible and profitable than ever before.

Beginner

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How to Use Bybit Arbitrage to Achieve Funding Rate and Price Difference Arbitrage

Grayscale Investments has filed a registration statement on Form S-3 with the SEC to register shares of its Grayscale Ethereum Trust (ETHE) as part of efforts to uplist the trust to a spot Ethereum ETF on the NYSE Arca.

Daily Top Performer — Automata Network (ATA)

The SPX index is up 0.02%, investor focus on earnings and U.S. interest rates continues. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 3.78% and 2.41%, respectively in the past 24 hours.

Today’s outperformer is ATA, which jumped 8.9% after Automata launched Multi-Prover AVS on Eigenlayer Holesky Testnet to boost decentralized security.

Automata Network (ATA), founded in 2019, is a Web3 platform providing private web services for decentralized applications, focusing on secure, anonymous transactions and governance. Key features include a private voting system and MEV minimization to enhance user privacy and security. Automata's Multi-Prover AVS, which utilizes TEE Coprocessors to enhance security, is now available on the Eigenlayer Holesky testnet. This system employs the TEE Prover as a secondary security measure in decentralized systems. Operators, restakers, and developers are encouraged to learn more about this advancement on their website.

Check Out the Latest Prices, Charts, and Data of 

Grayscale Investments, the world's largest crypto asset manager, has filed a registration statement on Form S-3 with the SEC to register shares of its Grayscale Ethereum Trust (ETHE) as part of efforts to uplist the trust to a spot Ethereum ETF on the NYSE Arca. This filing follows NYSE Arca’s application and is a crucial step in the regulatory process required for offering shares continuously upon approval. The shares will not be sold until the registration is declared effective, and this offering is subject to the Securities Act of 1933. Grayscale emphasizes that the trust, not registered under the 1940 Act, involves high risk and volatility, is focused solely on Ethereum, and does not offer direct investment in Ethereum.

BlackRock's spot bitcoin ETF, IBIT, has significantly impacted the firm's overall ETF flows, comprising 24% of its total. Eric Balchunas, Bloomberg's Senior ETF Analyst, highlighted the fund's success during a panel on Hong Kong's newly approved spot crypto ETFs. Since its launch in January, IBIT has attracted consistent inflows for over 70 days, accumulating more than $18 billion in assets under management and becoming one of the most successful ETFs in history. The IBIT fund is second only to Grayscale's ETF in terms of assets but has seen remarkable trading volume along with other spot bitcoin ETFs, totaling nearly $230 billion.

Gamium, supported by Parachain Ventures, DAO Maker, and Mr. Beast among others, has its token $GMM listed on major exchanges with a fully diluted valuation of around $43M. The platform is promoting a beta points airdrop to reward early users, where participants can sign up and earn points through various activities like launching an MST, trading, daily logins, and referrals. Details on point earning and distribution are available in a dedicated blog post. However, potential users are cautioned to research due to the inherent risks associated with DeFi protocols and trading.

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Grayscale Files for SEC Registration to Convert Ethereum Trust into a Spot ETF on NYSE Arca

Sharky is a Solana-based lending and borrowing DeFi solution that utilizes NFTs as loan collateral.

Cryptocurrency lending and borrowing has always been a prominent niche of the decentralized finance (

) industry, championed by platforms like Aave (

). A much rarer variant of DeFi borrowing and lending is based on non-fungible tokens (

Sharky.fi, or simply Sharky, is a Solana-based lending and borrowing protocol that uses NFTs as collateral to facilitate the DeFi processes on the network. By putting up NFTs as collateral, users can borrow funds via short-term loans in Solana's native SOL tokens. For lenders, the platform is also a great way to earn high APY rates in just 7 to 14 days, while having their loaned funds protected by the NFTs.

Having established itself as the leader of NFT-based lending and borrowing on Solana, the Sharky project has ambitious plans to integrate two more highly popular crypto asset types — Ordinals and real-world assets (RWAs).

 (SHARK) is a lending and borrowing app on the 

 (SOL) blockchain that lets users provide NFTs as collateral to access short-term loans in SOL tokens.

 Lenders can view NFTs offered as collateral, and make loan offers secured by their preferred NFTs.

Although Sharky's public launch on the Solana mainnet dates back to April 2022, the platform operated without its 

, SHARK, for its first two years in the market. The SHARK token was eventually launched in mid-April 2024.

Using its innovative business concept, Sharky quickly established itself as the leader of NFT lending. According to the project’s team, Sharky has a 90% share of the NFT lending market on Solana and has issued more than 1.4 million NFT loans.

Following the recent launch of its SHARK token, the project aims to integrate additional crypto asset types in the future. These include 

 (RWAs). Another ambitious product type considered for future implementation on the platform is uncollateralized consumer loans.

As a lender on Sharky.fi, you can browse NFTs from a variety of collections offered on the platform and make a loan offer for potential borrowers. The collections available on Sharky include the platform's own 

 collection, Mad Labs, Solana Monkey Business (SMB), Tensorians, Namaste and more. Lenders’ offers are shown to potential borrowers on the platform, who then choose the best offer based on their borrowing needs.

The NFT provided by the borrower is used as collateral, and the lender makes their funds available in SOL tokens. Lenders earn interest on the funds, with the loan duration typically between 7 and 14 days. Interest rates, naturally, will vary depending upon on-platform activity. Usually, 

 for active loans range between 120% and 220%, though they can go up to 360%. As such, Sharky loans are an excellent way for lenders to earn some serious interest quickly. If a borrower fails to repay the loan in full, the NFT used as collateral is transferred to the lender.

For borrowers, the Sharky platform is an excellent opportunity to access SOL funds for short-term needs quickly and flexibly using their NFTs, rather than cryptocurrency, as collateral. The best part of the platform's borrowing mechanism is that you remain in possession of your NFT during the loan period as a borrower. While your NFT is used as collateral, its ownership isn't transferred to the lender while the loan is active. The ownership transfer may only happen at the end of the loan period if you fail to repay the loan in full.

Maintaining the ownership of your NFT allows you to keep using it on various DeFi and other apps for purposes such as staking or satisfying 

 eligibility requirements, among other potential uses.

Sharx is the platform's own NFT collection. One of the most popular collections used in Sharky's lending and borrowing operations, sharx is made up of 10,111 adorable shark characters. Purchasing a sharx NFT not only opens up borrowing opportunities but also entitles you to upgrade or boost your Chowder points, rewards that are used in Sharky's loyalty program. 

As a sharx holder, you're entitled to the airdrop of Sharky.fi’s governance token, SHARK, and you can also stake sharx to earn FISHY tokens.

The newly launched SHARK token is envisioned as the platform's governance asset, with a total supply of 100 million. As of the time of writing in late April 2024, only some specific details on the actual governance processes powered by SHARK are available. Thus, the token's actual use in on-platform governance is expected to be outlined in the future.

SHARK will be airdropped in two phases, with 4.25% set aside for the first phase and 3.5% for the second. Of the former, 70% is allocated to its community, with the remaining 30% is distributed to partner communities. Meanwhile, the second phase is held as a staking pool event with a lockup duration of 30 to 60 days exclusively for OG, new users and sharx holders.

 of Sharky. Unlike the brand-new SHARK token, FISHY was issued back in 2022 at the start of the platform's operations. FISHY can be earned by staking sharx NFTs, accumulating reward points and participating in Sharky's social media campaigns. The token can be used to boost sharx NFTs, which in turn can earn you additional Chowder points. FISHY also gives you access to NFT raffles and auctions held on Sharky.

The SHARK token can be bought on Bybit through a Spot pair with USDT (

). Additionally, you can also take part in Bybit's current campaigns for the token for the chance to grab a share of the 

, which includes a Token Splash event featuring 456,000 SHARK through Apr 30, 2024, 9AM UTC, and a Lucky Draw with 58,000 SHARK in rewards through Apr 30, 2024, 9:59AM UTC.

Lending and borrowing using NFTs as collateral is a novel concept that has earned Sharky leadership positions in this niche. As more platforms adopting this business model emerge, the competition in the field is likely to intensify. However, as of now, Sharky remains the absolute leader of the Solana-based NFT lending and borrowing market. 

As NFTs experience a resurgence in popularity following the post-2021 dip, DeFi solutions that make innovative use of these assets, such as Sharky, stand to benefit. Later in 2024 and beyond, we’ll likely hear more about NFTs being used as legitimate collateral in crypto finance — a new trend helped to no small degree by the Sharky platform.

Intermediate

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Sharky.fi (SHARK): The Decentralized Platform for Instant NFT Loans

Bybit Dual Asset Mining is a non-principal protected investment product with floating returns. Users who deposited crypto can earn an enhanced yield. Learn more.

Dual Asset is a short-term speculation vehicle that lets you capitalize on small price movements in the market. All you have to do is predict the direction of a given crypto asset, such as BTC, ETH or MNT, within a preset time frame. Upon maturity, your returns will be in the form of either USDT or your chosen crypto asset, depending on the outcome of your trade.

Bybit Dual Asset 2.0 is an enhanced version of the predecessor focusing on higher returns on capital for traders with better investment flexibility. Traders could customize their orders by entering different directions of the market trend based on their predictions to enjoy high-interest yields even if the predicted asset price did not trigger.  

Understanding Buy Low, Sell High on Bybit Dual Asset 2.0

 function on Bybit Dual Asset 2.0 refers to a product subscription in which traders anticipate the chosen digital asset to settle at a low targeted price at a predetermined time range. Here’s a user case scenario to help to visualize the product function: 

Alex chooses to buy BTC/USDT Dual Asset, and he will be using USDT as an underlying asset for the subscription to buy BTC at his desired lower crypto price. The yields vary depending on the settlement date, which ranges from 1 to 5 days. Assuming Alex opts for a 1-day subscription with 110% yields in APY, he is entitled to claim rewards in two different scenarios: 

 When the asset target price is reached  

, he will successfully purchase BTC at his desired price with his subscribed USDT and interest income.

His returns will be calculated with the formula provided below: 

 (Subscription Amount + Interest) / Target Price 

 Subscription Amount x APY x Subscription Period (in days)/365 

1,000 + ( 1,000 × 110% × 1/365) / 21,000 = 0.04776 BTC

Assuming the BTC price is $23,000 when cash out, Alex’s gross return on investment for the chosen Dual Asset subscription would be $1,098.48. 

 When the asset target price fails to reach  

, the target crypto will fail to be purchased, and you’ll receive your subscription amount and interest income in USDT.

Assuming the settlement price is higher than the target asset price, settling at $21,500. Alex’s return on investment will be calculated as below: 

1,000 + (1,000 × 110% × 1/365) = 1,003.0137 USDT

Even though Alex failed to purchase BTC at his desired price, he still earned rewards on his contributed USDT in the Dual Asset pool. It is still a win-win situation for Alex, as he did not lose any money for opportunity costs. 

: In both cases, Alex will still earn interest on his investment in the form of USDT. 

, in which traders anticipate selling the chosen digital assets at a higher targeted price within a predetermined date. Here’s a user case scenario to help to visualize the product function: 

Alex chooses to sell BTC/USDT Dual Asset, and he will be using USDT as an underlying asset for the subscription to sell BTC at his desired crypto price at a higher anticipated price. The yields vary depending on the settlement date, which ranges from 1 to 7 days. Assuming Alex opts for a 1-day subscription with 150% yields in APY, he is entitled to claim rewards in two different scenarios: 

 When the asset target price of $24,000 is reached  

, he will successfully sell his BTC at his desired price and receive USDT in return.

 (Subscription Amount + Interest) x Target Price

Assuming the settlement price is higher than the target asset price, settling at $24,000. Alex’s return on investment will be calculated as below: 

1 + (1 × 150% × 1/365) × 24,000 = $98.6301

Alex’s return on investment would be a total of 24,098.6301 USDT, including his capital of 24,000 USDT and the yields. 

 When the asset target price failed to reach, settling at $23,000. 

, he fails to sell his crypto at the target price and will receive yields in BTC as a return. 

When converting 1.0041 BTC to USDT at $23,00 per BTC, Alex will receive 23,094.30 USDT, including the yields. 

Why Should You Invest in Bybit Dual Asset?

Dual Asset might be a good fit for you if:

Bybit VIP users can unlock additional perks when investing in Bybit Dual Asset 2.0. These benefits include 

Bybit Dual Asset 2.0 leverage on sophisticated trading mechanics to allow product participants to earn high yields with greater flexibility. The subscribed assets will be deployed to Bybit Derivatives for hedging via a trusted third-party entity affiliated with Bybit. The yield generation process will not involve any on-chain activity. 

Participants will earn yields by capitalizing on the asset’s price movements by predicting the price direction of a crypto asset within a predetermined time frame. 

Bybit Dual Asset vs. Dual Asset 2.0: The Differences

Advanced

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What Is Bybit Dual Asset? (Updated 2024)

Blockchain

Solscan is a free-to-use data analytics platform that allows you to search for any information on the Solana blockchain – from finding transactions to viewing NFTs.

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Solscan is a free-to-use data analytics platform that allows you to search for any information on the 

. It’s an in-demand substitute to Solana Explorer, the official Solana blockchain explorer.

Solscan is user-friendly and has an info-rich platform complete with an NFT and DeFi dashboard. You can use it to track everything that happens on the rapidly growing Solana blockchain, including transaction IDs, addresses and tokens.

Read on to find out everything about Solscan, and why it’s become a favorite blockchain tool for such crypto giants as 

Solscan is a blockchain explorer that provides easy-to-understand information about transactions and other useful details related to the Solana network.

 as its official blockchain explorer, Solscan has quickly become its alternative.

Do you ever come across long codes and complex transactional data when interacting with Solana?

Well, Solscan makes it easy for you to interpret such information by breaking it down in a simple, non-techy way. On it, you can explore cryptocurrencies built on Solana and find helpful information such as the circulating supply, staking details, block heights, number of validators and much more.

Solscan works by scanning information throughout the Solana blockchain and updating it in real time. If you’ve conducted any transaction on Solana, then every detail about it will be on Solscan. All you need to do is enter a query in the search bar on Solscan’s homepage and wait a few seconds for the results.

Upon receiving your query, Solscan follows the steps below to provide you with accurate information about Solana:

1.       Its nodes extract data from Solana.

2.       The information is forwarded to Solscan’s database software, where it’s arranged into searchable tables and simplified format.

3.       The server on the user interface then creates a web page to allow you to input your search details.

4.       Once you input a search query, Solscan’s API converts it into a machine-readable format.

5.       The information is then relayed to the backend server by the user interface server.

6.       Depending on the request, the backend server searches through the available information and converts it into human-readable form.

7.       The information is then relayed to your web page in an easy-to-understand format by the user interface server.

If you’re constantly transacting on Solana, or any other blockchain network, then understanding 

 is a must. One of the key pillars of blockchain technology is transparency, and blockchain explorers such as Solscan help accomplish this.

It’s free to use Solscan. You don’t even need to create an account on Solscan in order to view transaction data. However, to get a personalized experience relating to your transactions and enhanced functionality, you may need to 

Solscan follows a similar layout as that of 

, the popular blockchain explorer for the 

. Solscan’s info-rich homepage is where you can find critical information about SOL (Solana’s native token) at a glance. From there, you can easily navigate to other dashboards or analytics pages.

Have you ever conducted a transaction on Solana that went into “pending” status? Indeed, using blockchain technology is new territory for most people. However, blockchain explorers such as Solscan make it easy to track crypto transactions and tokens, or get clarification about the operations of a particular blockchain ecosystem.

From analytics to token pages, Solscan is packed with features that will provide you with useful insight about Solana and its related tokens. Additionally, Solscan has a DeFi dashboard where you can get a detailed overview of Solana’s 

 (DeFi) applications. The NFT dashboard is also loaded with useful information about the 

The most frequently used feature on Solscan is the transaction and address search function. Every transaction carried out on the Solana blockchain has a unique identity signature. The signature is a long string of alphanumeric characters that help verify a blockchain transaction. You’ll find the number on your smart contract.

To track a transaction using Solscan, you need to copy and paste the unique signature into the search bar on Solscan’s homepage.

Once you press Enter, you’ll find all the transaction data related to that particular ID. The Solana transaction details will be divided into three sections:

tab will show you detailed information about your transaction, such as your transaction results, the wallet address that initiated the transaction, the transaction fee and so on. 

Checking the activity of a wallet or blockchain address of a given cryptocurrency is important. It helps confirm the project’s validity and identify any smart contract activities on the wallet.

To obtain a detailed history of a particular wallet address using Solscan, you’ll follow a similar process as that for tracking a transaction. You’ll need to paste the wallet address (it’s usually shorter than a transaction signature) on the search bar and hit Enter.

You’ll receive an overview of the current balances in a wallet, as well as transaction data related to the address.

Another useful feature on Solscan is the ability to track tokens. All you need to do is enter the token’s name or contract address into the search bar on the homepage and hit Enter. For accuracy, you can obtain a token’s valid contract address from its official website, or from CoinMarketCap.

Once you select NEAR from the drop-down menu, a web page with detailed information about the token is shown.

The Solana blockchain hasn’t been left out of the NFT boom; in fact, it has a fully-fledged 

. You can view all the NFTs available on the Solana ecosystem, such as Degenerate Ape Academy, using the NFT dashboard available on the homepage. You can also click on the NFTs tab on the website’s header and search through those that are available.

The Solana ecosystem is home to multiple 

(DEXs) with varying features. Some of the most popular ones include Raydium, Orca and Saber. Solscan has a DeFi dashboard on its homepage, but you can also select a DEX from a drop-down menu on the website.

Finding Active Accounts on Solscan Analytics

The Analytics feature on Solscan comes in handy when you want to obtain important metrics, such as the number of Solscan active accounts.

On the Analytics page, you can view an up-to-date count of total transactions on Solana and the 

To find the number of accounts with active wallet addresses, scroll down to the bottom of the Analytics overview page and find the information in a chart on the left.

You can also customize the report period for active accounts by entering a range of dates on the top right corner of the Analytics overview page.

Solscan stands out as a great alternative to Solana’s blockchain explorer. However, there are other blockchain explorers that could work for you too. Some of the best alternatives to Solscan are 

, which also provide useful details about Solana’s ecosystem.

If you’ve been using Ethereum’s block explorer, 

, then the layout of Solanascan and Blockchair will appear different to you. Since Solscan has a layout similar to Etherscan, it’ll be easy to migrate and navigate around it.

Whether you’re a novice or an experienced crypto user, interacting with a convenient blockchain explorer such as Solscan is vital. One of the most commonly used web-based tools on Solana, Solscan will provide you with essential information about the ecosystem. Whether you want to know why your transaction is pending, or check the activity on a particular wallet address, Solscan will do the job. 

Solscan: What It Is and How to Use It

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards