Best Crypto Futures Trading Bots 2024

Best Crypto Futures Trading Bots.

Crypto futures come with many benefits, including high leverage, short-selling capabilities, and low trading fees. However, crypto futures are complex financial instruments – meaning beginners often lose money.

To give yourself the best chance possible of making consistent profits, consider using a trading bot.

In doing so, the bot will trade crypto futures on your behalf. Read on to discover the 10 best crypto futures trading bots for 2024. We rank bot providers based on supported futures markets, user-friendliness, fees, past performance, and more.

Introduction to Crypto Futures Trading Bots

Before reviewing the best crypto futures trading bots in more detail, let’s briefly explain how this industry works.

In a nutshell, bots automate the futures trading process. They’re typically based on algorithms and supported by artificial intelligence and machine learning. The bot will place buy and sell orders autonomously, based on its underlying code. Most bots support long and short trading, ensuring users make money in all market cycles. What’s more, bots never sleep, meaning they operate 24/7.

No two crypto futures trading bots are the same. Each is built with a unique strategy. For example, some bots leverage the scalping strategy. This means the bot will constantly buy and sell futures contracts to profit from small market movements. Leverage is often applied to ensure that small margins are amplified to high trading profits.

Some futures bots take a much riskier strategy. This includes the ‘Martingale’ strategy, which doubles down on losing positions. The bot continues to double down until a profitable trade is secured. We discuss the different crypto futures trading strategies in more detail later. In addition, we should note that not all crypto futures trading bots come with pre-built strategies.

Some providers require you to build a strategy from the ground up. This will appeal to traders who are experienced in buying and selling crypto futures. In terms of functionality, most bots connect with leading futures exchanges, such as Bybit, Binance, KuCoin, Kraken, and Coinbase. Once the bot is activated, it will begin trading. Not all bots make money, so ensure you consider the risks before proceeding.

• Learn more in our beginner’s guide: What is crypto futures trading?

Reviewing the Best Crypto Futures Trading Bots for 2024

Now let’s explore the 10 best crypto futures trading bots in the market. Read on to choose the best option for you.

1. Algobot – The Overall Best Crypto Futures Trading Bot for 2024

Algobot is a profitable trading bot that’s suitable for all investing preferences. It trades the two most popular crypto futures markets; perpetuals and deliveries. Beginners will prefer Algobot’s automated setting. This comes with pre-built strategies and it can trade on any time frame. For example, scalpers can use the 1-minute time frame to take advantage of small price movements.

While swing traders might prefer the daily or weekly time frame. Either way, no prior experience is needed; Algobot offers a plug-and-play service. Full set-up instructions are included and most crypto futures exchanges are supported. To date, Algobot has a historical win rate of over 82%. This is based on extensive backtesting in multiple trading markets.

Algobot is also suitable for technical traders. It can be used for analysis purposes only, meaning the bot scans technical indicators, trends, price action, and more in real-time. Traders are alerted when a new signal has been found. In addition to crypto futures, Algobot also trades the spot markets. This is in addition to other financial assets, such as commodities, stocks, and forex.

Crucially, Algobot enables users to choose their risk settings before deploying the bot. It can also be used with demo accounts. This ensures the strategy is tested before using real money. Algobot has three pricing plans with various features and perks. This ranges from $44.99 to $109.99 per month. A generous discount of 40% is available when purchasing an annual plan.

2. Bybit – Top-Rated Derivatives Exchange With Thousands of In-House Trading Bots

The next option to consider is Bybit, one of the world’s leading crypto derivative exchanges. It offers thousands of in-house futures bots. These are created by Bybit users, so enhanced due diligence is required. You can find a suitable strategy by using the filter buttons. Clicking on strategy reveals plenty of useful data, allowing you to assess the risks and potential rewards.

One of the most popular strategies is futures grid trading. This strategy can be implemented with or without leverage. Bybit bots also support the Martingale strategy, which is super-risky. This strategy is only suitable if you have a sizable bankroll. It’s also important to pay attention to the bot’s runtime. For example, some bots have been active for more than a year, meaning past performance has strong validity.

However, others have only been active for a few weeks. Bybit bots are compatible with a huge range of crypto markets. This includes everything from Bitcoin, Ethereum, Shiba Inu, and Kaspa to Myro, Gala, and Solana. Unlike other crypto exchanges in the market, Bybit doesn’t charge any fees when using its trading bots. What’s more, there isn’t a profit-sharing system in place.

This means you’ll keep 100% of any returns generated. That said, you’ll still need to cover trading fees when the bot enters positions. Commissions depend on the account tier. First-time traders pay 0.05% when trading perpetual futures. This declines as volumes increase. Note that you can deploy futures bots on Bybit without completing KYC. Daily withdrawals will be limited to 20,000 USDT.

3. 3Commas – Automatically Deploy TradingView Signals on the Leading Crypto Futures Exchanges

3Commas is one of the best crypto futures trading bots for experienced analysts. In particular, it’s a great option for traders who prefer the TradingView interface. This is because 3Commas offers a bridge between TradingView signals and the crypto futures markets. For instance, suppose you’ve developed TradingView alerts based on your preferred technical and economic indicators.

Ordinarily, you’d need to manually place orders once an alert has been triggered. This could mean missing the trading opportunity, especially if it arrives outside of standard trading hours. Now consider the 3Commas experience. After setting everything up, the 3Commas bot will automatically place your TradingView alerts.

It can do this on your preferred crypto futures platform, whether that’s Bybit, Binance, OKX, or Kraken. Trading bots can be fully customized, ensuring they align with your risk appetite. For example, you can easily set suitable trading stakes based on a percentage of your bankroll. Alternatively, you can set rules-based stake sizes.

For example, increasing or decreasing stake sizes based on the previous trade’s outcome. Other notable features offered by 3Commas include position management enhancements, advanced signal declination, and combination logic. 3Commas also offers advanced backtesting tools. You’ll pay $49 or $79 per month to use 3Commas, although there’s a 25% discount on annual plans.

4. Binance – One of the Best Options for Deploying Short-Selling Futures Bots With Leverage

Binance is another crypto exchange that offers in-house trading bots. More than 107,000 strategies are currently supported, split between the spot trading and futures markets. The latter supports perpetual futures across many trading pairs. This includes large-cap markets like Bitcoin, Solana, BNB, Cardano, XRP, and Litecoin.

Futures bots can also be used on trending meme coins, such as Floki, Shiba Inu, and Pepe. We found that Binance is one of the best options for deploying short-selling futures bots. This means they’re specifically trained to short-sell coins with a high likelihood of declining prices. This could be a short-term market correction based on the RSI.

Or, a longer-term decline based on the 50-day and 200-day moving averages. One of the most popular short-selling bots is the ‘BTC/USDT Perpetual’, which trades with leverage of 125x. This strategy comes with a high chance of liquidation, but the upside could be substantial. Most short-selling bots require a minimum investment of around $30-50.

Any profits made will be subject to a revenue share. This is determined by the bot creator. Other than the trading commissions, no other fees apply. Binance charges futures trading commissions of 0.05%. A 10% discount is applied when holding BNB. Increasing your VIP tier also results in reduced commissions. However, this requires at least $15 million worth of monthly trading volume (inclusive of leverage).

5. Bitsgap – Develop an Advanced Dollar-Cost Averaging Strategy for Crypto Futures

Bitsgap is another top-rated option when exploring crypto futures trading bots. It has developed a unique trading strategy that leverages dollar-cost averaging principles. Its automated bot covers long and short orders, blended with advanced take-profits and stop-losses. This ensures the bot trades with risk management in mind, even when applying leverage.

There are hundreds of niche strategies to choose from, all of which can be customized. For example, those wishing to go long on a crypto futures market can automatically deploy periodic buy orders. This reduces the average cost price when prices decline, and maximizes profits when the markets are bullish.

Bitsgap offers a free 7-day trial for first-time users. This enables you to assess how the futures bot performs in demo trading conditions. Standard prices are $29 per month, but you’ll need the Advanced plan for futures compatibility. This costs $69 per month, which is reduced to $55 when paying annually. Bitsgap connects with most crypto futures platforms, including Binance and Bybit.

6. OKX – Thousands of Free Crypto Futures Trading Bots With a Profit-Sharing Commission

OKX is another popular crypto exchange that offers in-house futures bots. There are thousands of unique strategies to choose from. OKX doesn’t charge any upfront fees, so you can instantly use any bot that’s listed. You will, however, need to share a percentage of any profits generated. This averages 20-30% of the net gains, which is higher than other platforms.

What’s more, bots can’t be exported to other exchanges, so you’ll need to use the OKX futures platform. The benefit here is that OKX supports hundreds of futures markets. It offers high leverage limits of up to 100x. It also charges competitive trading commissions, which you’ll cover whenever the bot places orders.

This starts at 0.05% of the position size. Discounts are offered to market makers and those with higher trading volumes. In terms of strategies, OKX is popular for grid trading systems. This works well when trading large-cap coins during sideways markets. OKX also lists futures trading bots that leverage the Martingale system.

7. Phemex – Execute High-Risk Bot Strategies on Popular Meme Coins Like Bonk, Pepe, and Shiba Inu

Next on this list is Phemex, another crypto derivatives exchange that offers perpetual futures. Contracts can be settled in USD, USDT, or the underlying crypto being traded. Phemex is one of the best options for deploying high-risk bot strategies on popular meme coins. This includes everything from Bonk and Pepe to Shiba Inu and Dogecoin.

All Phemex bots come with pre-built strategies, so no prior experience is needed. Most bots trade with leverage of between 20x and 50x, which amplifies the risk factor substantially. One of the top-performing bots utilizes the grid trading strategy on Bonk. It’s up over 510% based on a 137-day run time.

Another popular bot uses the Martingale strategy on Pepe. This is up over 5,000%, albeit on a short runtime of just five days. In addition to futures bots, Phemex also covers the spot trading markets. No upfront fees are charged; just cover the standard trading commissions. This costs 0.06% or 0.01% for market takers and makers, respectively.

8. KuCoin – Established Crypto Exchange With Multiple Bots Specializing in Small-Cap Tokens

KuCoin is an established crypto exchange with over 30 million clients. It supports the spot and futures trading markets, with the latter offering maximum leverage limits of 100x. KuCoin offers two options when deploying a bot. First, users can create a custom bot based on their preferred strategy. There are many trigger points to choose from, ensuring complete flexibility.

Alternatively, KuCoin also offers pre-built bots that were developed by registered users. There are many strategies available, including grid trading and dollar-cost averaging. Another popular option is the diversification tool. The bot purchases a wide variety of futures contracts from different niches, such as DeFi or meme coins.

The bot automatically rebalances the portfolio in line with broader market conditions. KuCoin is also a great option for trading small-cap tokens. It lists hundreds of cryptocurrencies and new additions are added regularly. In terms of contract specifications, most futures markets are settled in USDT or USDC. That said, it also offers coin-settled inverse contracts.

9. TradeSanta – Deploy an Unlimited Number of Futures Bots and Strategies Simultaneously

TradeSanta offers crypto futures bots that can trade with leverage of up to 200x. Long and short trading is supported and bots run 24 hours per day. Bots are compatible with three popular futures platforms; Bybit, Kraken, and Binance. There’s no support for KuCoin or OKX futures, which could be a drawback for some.

Nonetheless, TradeSanta covers multiple systems, including grid trading and dollar-cost averaging. While TradeSanta offers three pricing plans, only the Maximum package supports futures trading. This costs $90 per month. You’ll pay $45 per month when purchasing an annual plan. The Maximum plan supports an unlimited number of bots and strategies.

It also comes with custom TradingView signals. TradeSanta supports a wide range of trading markets. This includes everything from Ethereum and Seio to 1Inch and Bitcoin. TradeSanta also offers a proprietary trading dashboard. Multiple exchange accounts can be incorporated via API keys. This makes it easier when deploying futures bots across several different platforms.

10. WunderTrading – Futures Spread Trading Strategy Starting From Just $4.95 per Month   

The last option to consider is WunderTrading, an established bot provider with custom and pre-built strategies. The latter includes a futures bot that specializes in spread trading. This strategy opens long and short positions simultaneously, taking advantage of futures price discrepancies. This is considered one of the lowest-risk strategies in the futures markets.

Although the bot targets smaller profit margins, it’s compatible with leverage. This increases the risk spectrum but can turn small gains into substantial returns. Either way, WunderTrading connects with many crypto futures platforms, including Bybit, OKX, Binance, KuCoin, and MEXC. It also supports Deribit, HTX, and Gate.io.

WunderTrading is also one of the most cost-effective options on this list. Pricing plans start from just $4.95, which can be canceled at any time. However, this plan only supports one active bot on a single exchange. You’ll need to upgrade to a more expensive plan for additional functionality. A 30% discount is applied to all plans when paying annually.

Factors to Consider When Choosing a Crypto Futures Trading Bots

There’s a lot to consider when choosing a bot for crypto futures trading. For example, the type of strategy, risk-reward ratio, supported markets, and pricing.

Read on for guidance on how to select the right futures bot.

Futures Trading Strategy

The first consideration is the type of strategy deployed by the bot. There are many options in this regard, each with varying risks and potential rewards.

• For example, those with a low tolerance for risk might prefer a spread trading bot.
• In simple terms, this takes advantage of discrepancies between the buy and sell price, known as the ‘spread’.
• It will open a long and short position at the same time.
• This enables the bot to capitalize on constant market fluctuations.
• While futures spread trading is low risk, it also comes with small profit potential.

Another low-risk strategy is futures grid trading. This strategy is offered by many bot providers. It capitalizes on ‘sideways markets’, meaning futures prices trade within a tight range. The bot enters long and short positions at both ends of the range, alongside stop-loss orders. Small profits are made as prices deviate between the upper and lower ends of the range.

If you’ve got a higher appetite for risk, these strategies won’t suffice. One option is the leveraged Martingale strategy. For instance, suppose the bot risks $50 on a 100x futures position. The position is liquidated, so the $50 margin is lost. As such, the bot enters another 100x position – but this time at $100. This ‘doubling down’ process is repeated until the bot secures a winning trade. The trade size then reverts back to $50.

Ultimately, you’ll need to spend some time thinking about the best futures trading strategy for your goals and risk tolerance. No two strategies are the same, so research is crucial. After that, you can make a short-list of suitable bot providers.

Supported Time Frames

Time frames should also be considered when researching the best crypto futures trading bots. For example, you might prefer bots that trade over extended periods, like the 1-hour or 4-hour chart. The weekly chart might also be considered, especially if you’re looking for a swing trading bot.

• Alternatively, you might also consider futures bots that specialize in much shorter time frames.
• For instance, some bots ‘scalp’ futures prices, meaning they focus on the 1-minute or 5-minute time frame.
• This often means keeping trades open for several minutes before finding a suitable exit.

There are also futures bots that day trade market movements – the 15-minute time frame is appropriate here.

Compatible Futures Platforms

Another metric to consider is the futures trading platforms the bot is compatible with. Now, if you’re using an exchange that offers in-house bots, you’ll need to use that particular platform. You cannot export bots from exchanges, so keep this in mind. For example, if you use KuCoin bots, you can only deploy them on KuCoin.

If you’re using a third-party bot provider, then check which futures exchanges are supported. The exchange should offer low fees, a wide range of futures markets, and access to API keys. The latter is required when connecting an exchange account to a bot provider. It’s a safe process, as API keys don’t enable bots to make withdrawals.

Pricing

The best crypto futures trading bots offer competitive fees. While the best-performing bots charge more, make sure this aligns with your trading budget. For example, suppose you’re looking to risk $500. If the bot provider charges $100 per month, this amounts to 20% of your available bankroll. This wouldn’t make sense financially.

After all, you’ll need to cover the subscription and trading fees just to break even. It’s also important to check the terms of the subscription. While most subscriptions can be canceled at any time, this isn’t always the case. Opt for a bot provider with flexible and transparent terms.

If you’re using in-house futures bots offered by crypto exchanges, you normally don’t need to pay any fees. You might, however, need to agree to a profit-sharing framework. This means the bot creator earns a portion of any profits it makes. Profit-sharing commissions of up to 30% are charged by some platforms, which is considered expensive.

Historical Performance

Another important step is researching the bot’s past performance.

• First, you’ll want to know how long the bot has been trading.
• If the bot has only been active for a few days, past performance results will have limited validity.
• For instance, it might have been deployed during a short-term bullish cycle.
• There is no way of knowing how it will perform in a bearish cycle if it hasn’t previously experienced one.

In addition, you’ll want to research the return on investment since inception. This should be stated in percentage terms. The best crypto trading futures bots have generated above-average returns over an extended time frame. The win ratio percentage is also a useful metric. This shows the percentage of winning and losing trades since inception.

Public Reviews

Finding the best crypto futures trading bots can be challenging. Especially when you’re presented with limited data points. With this in mind, it’s also worth researching reviews from the public domain.

This should reveal personal experiences from existing or former users. Consider review platforms, forums, and social media. This will help you make an informed decision.

Tips for Maximizing Profits and Minimizing Risks with Trading Bots

Let’s explore some best practices when using futures trading bots. This will help you maximize returns and most importantly – minimize risks.

Tip 1: Always Backtest a Bot Extensively

The first best practice is to ensure you always engage in backtesting. This involves testing the bot’s performance based on historical trading data. After several minutes of analysis, you’ll receive a backtesting report. This should state the number of trades executed, average trade duration, and maximum drawdown. It will also reveal the win rate percentage and return on investment.

• Ideally, the futures bot will have generated growth with a low drawdown percentage.
• This means the bot made money without taking on too much risk.
• If the backtesting results aren’t satisfactory, changes must be made.
• You can then repeat the backtesting process.

Although backtesting is crucial, just remember that past performance isn’t guaranteed to repeat itself.

Tip 2: Demo Trade a Bot in Live Market Conditions

The next best practice is to always start the bot in demo mode. This means activating the bot in live market conditions, but using virtual funds instead of your actual bankroll. The demo platform should mimic actual crypto trading data in real-time. This ensures the testing phase generates valid results.

It’s also important to regularly keep an eye on how the bot is performing. For instance, you won’t want to waste several weeks of testing if issues could have been identified much sooner. Consider running a daily report. Assess what futures positions were entered and how each one performed.

Tip 4: Focus on Futures Markets With High Liquidity

Some crypto futures platforms support hundreds of markets, from Bitcoin and Ethereum to BNB and Solana. However, there’s often support for low-cap markets too.

• Low-caps are a lot more volatile, especially when there’s limited liquidity in the market.
• In this regard, the bot might be forced to close positions at unfavorable prices.
• This is because low liquidity increases the slippage, as there are fewer buy/sell positions in the order book.

With this in mind, it’s best to target futures markets with the most liquidity. For example, consider starting with BTC/USDT and ETH/USDT. These are the two most traded futures pairs, meaning lots of volume and tight spreads.

Tip 5: Avoid Applying Too Much Leverage

One of the main attractions of crypto futures is they come with high liquidity levels. Most platforms offer up to 100x, meaning you only need to meet a 1% margin. This means the bot can trade with $1,000 for every $10 risked. However, the risks of leverage should not be understated.

The more leverage applied the higher the chance of liquidation. f liquidation occurs, the futures platform retains the margin requirement. Therefore, you should consider deploying the bot without leverage when you start.

Conclusion

Choosing the best crypto futures trading bot is no easy feat. You’ll need to select a reliable provider that supports your preferred trading strategy. Considerations should also include past performance, risk tolerance, and compatible exchanges.

Alogbot offers an automated trading service that supports multiple strategies and time frames.

The system deploys calculated positions on perpetual futures contracts, maximizing profits and minimizing risks. Algobot, which boasts a historical win rate of over 82%, works with the leading futures platforms and allows users to get started in minutes.

FAQs

Do crypto futures trading bots work?

Yes, crypto futures trading bots do work. They’re increasingly popular with traders who want to automate their investments on a 24/7 basis.

What are the best crypto futures trading bots?

Consider Algobot when exploring the best crypto futures trading bots. Algobot automates the futures trading process with risk-averse strategies that are compatible with all time frames.

What is the best app for futures trading crypto?

Bybit is worth considering when trading crypto futures. It offers low fees, hundreds of markets, and high leverage limits of up to 125x.