Here's a comprehensive guide to help you set up and manage your first Spot Grid Bot on Bybit, optimized for maximum efficiency and profitability.
Step-by-Step Spot Grid Bot Creation
1. Create a Spot Grid Bot
Step 1: Navigate to Trade → Trading Bot in the Bybit navigation bar.
Alternatively, access it via Tools → Spot Grid Bot on the Spot Trading page.
Step 2: Click Create Now to proceed to the setup page.
- Existing users can view bot performance metrics under My Bots.
Step 3: Choose between Manual or AI Strategy setup:
Manual Configuration
| Parameter | Description |
|---|---|
| Pair | Select Spot trading pair |
| Price Range | Set lower/upper bounds for bot operations |
| Grids | Higher grid count = more frequent trades (with smaller profits) |
| Investment | Allocate funds from your Funding Account |
Advanced Settings:
- Trailing Stop: Auto-adjusts exit based on equity peaks (e.g., 20% retracement).
- Entry/Stop-Loss/Take-Profit: Customize execution triggers.
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AI Strategy
- Uses historical data to suggest optimal parameters.
- Select Create Now to proceed.
Step 4: Review settings and click Confirm to activate the bot.
2. View Your Spot Grid Bot
After creation, the bot appears under My Bots.
Click Details to monitor:
- Real-time status
- Open positions
- Order history
P&L Formulas:
- Total P&L = Realized Grid Profits + Unrealized Base Token Value
- Current P&L = Total P&L − Withdrawn Profits
3. Modify Bot Parameters
Adjust Price Range, Grids, or TP/SL via the Modify button:
- Update parameters (additional funds may be required).
- Confirm changes.
Notes:
- TP/SL settings reset after modification.
- Ensure sufficient funds in your Funding Account.
4. Withdraw Profits
From Bot Details:
- Click Withdraw.
- Amounts deduct fees and credit your Funding Account.
5. Terminate the Bot
Methods:
- Quote Token: Convert base tokens to quote (e.g., USDT).
- Quote + Base: Receive both tokens.
- Base Token: Convert all quotes to base tokens.
Click Terminate to cancel orders and return funds.
FAQs
Q1: What’s the minimum investment for a Spot Grid Bot?
A: Bybit doesn’t specify a minimum, but ensure sufficient funds to cover fees and volatility.
Q2: Can I run multiple grid bots simultaneously?
A: Yes, but monitor performance to avoid overlapping strategies.
Q3: How are grid profits calculated?
A: Profits = (Price difference × Quantity) − Trading fees.
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Q4: What happens if the price exits my set range?
A: The bot pauses until the price re-enters the range.
Q5: Can I modify a bot after activation?
A: Yes, but it may require additional funds or parameter resets.
Pro Tip: Use AI Strategy for data-backed parameter suggestions to optimize returns. Always test bots with small investments before scaling up.