Spot (type)
The Spot Bot is designed for spot trading. Its mechanics, settings, and logic are identical to other GinArea bots, but it has certain differences due to the specific nature of spot vs futures trading on the exchange.
Spot bot long
The long spot bot operates with a USDT balance. Key features:
To launch a long spot bot, you must have at least 200 USDT on your trading account.
The bot buys coins at a lower price and sells them at a higher price. Profit is realized in USDT.
When closing a position, the bot sells all coins under its management.
Important: If you want to keep the coins purchased by the bot, you need to stop and delete the bot without closing the position. See the “Bot Stop Methods and Closing a Position” page for more details.
Spot bot short
To run a spot short bot, you must hold coins equivalent to at least 200 USDT. Key features:
The short spot bot sells coins at a higher price and buys them back at a lower price. Profit is realized in coins.
If the price falls, the bot takes profit and increases your coin balance. However, note that in USDT terms, your position might still show a loss if the price dropped more than the bot earned.
If the coin price rises, the bot sells coins from your balance.
Important: When closing a position, the bot will buy back the coins at the current market price. If you don’t want to repurchase coins at that price, you must stop and delete the bot without closing the position. See the “Bot Stop Methods and Closing a Position” page for details.
Advantages and Disadvantages of Spot Bot vs Futures Bots
Advantages:
No liquidation risk — there is no liquidation on the spot market. In the worst case, you’ll just hold the coins, even if they become illiquid.
Disadvantages:
Larger order size — spot trading typically requires more capital per position compared to futures.
Higher fees — spot trading often has higher fees than futures, increasing the required deposit for smooth operation and lowering potential profits.
Available Strategies for Spot Bots:
Additional Notes:
Due to order rounding in spot trading, you may be left with small coin balances that must be manually sold or converted on the exchange.
Running both Long and Short bots on the same asset is possible only if both bots have sufficient collateral. Otherwise, they may stop due to a margin error — since one bot may buy or sell coins that the other bot relies on for collateral.
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