Product Highlights:
Options Cycle Arbitrage: Uses a put-option-based Buy the Dip bot and a call-option-based Covered Gain bot in a recurring reinvestment loop.
USDT-Denominated Returns: Invest USDT, buy low with Buy the Dip and sell high with Covered Gain — earning both price-spread gains and interest.
Buy the Dip (Low-Buy)
Buy the Dip lets you purchase crypto at a target price while earning USDT interest while you wait. At settlement, two scenarios can occur:
Scenario 1: Market price > target price → You receive USDT interest. Your principal + interest is automatically reinvested into the same Buy the Dip product for the next cycle.
Scenario 2: Market price ≤ target price → Your principal + accrued interest is used to buy crypto at the target price.
Return Formula:
Expected USDT earnings = Investment × APY × Seconds until settlement ÷ (365 × 86,400)
⚠️ Risk: If the market price is significantly below your target price at settlement, you will still buy at the target price and bear the corresponding price-difference loss.
Covered Gain (High-Sell)
Covered Gain lets you sell crypto at a target price while earning crypto-denominated interest while you wait. At settlement, two scenarios can occur:
Scenario 1: Market price < target price → You earn additional crypto interest. Your principal + interest is automatically reinvested into the same Covered Gain product for the next cycle.
Scenario 2: Market price ≥ target price → Your crypto is sold at the target price, realizing the price-spread gain plus accrued interest.
Return Formula:
Expected crypto earnings = Investment × APY × Seconds until settlement ÷ (365 × 86,400)
⚠️ Risk: If the market price surges significantly above your target price at settlement, you will still sell at the target price and miss out on the additional upside.
The Buy the Dip & Covered Gain Bot offers two modes: Basic Mode and Advanced Mode
Mode Comparison
Basic Mode: Enter a fixed Target Buy Price and Target Sell Price. The bot buys and sells at those exact prices.
Pro Mode: Set a buy low at percentage price drop (how much the market must drop before buying) and a sell high at percentage price rise (how much the price must rise after buying before selling). The system automatically finds the closest matching product.
Shared Parameters:
Sell at Buy Price: When enabled, automatically sets the Covered Gain sell price equal to the buy price at the time of successful purchase.
Lowest tolerance APY (Optional): The lowest annual yield you are willing to accept during auto re-invest.
Longest tolerance settlement period (Optional): The longest investment cycle you are willing to wait during auto re-invest.
How it runs (both modes): After starting, Buy-the-Dip continuously reinvests your principal + interest until a successful dip buy occurs. After the buy, your crypto holdings are automatically moved into Covered Gain until the sell target is hit. The cycle then repeats, earning interest and price-spread gains throughout.
How to Get Started
Mobile App
Tap "Bot" in the bottom navigation bar
Tap "Create"
Find and tap "Flying wheel strategy"
Select a trading pair (e.g., BTC/USDT); set "Buying Method" to "Dropping Percentage" and enter the drop percentage (e.g., 3%); "TP Method" defaults to "Sell at Buy Price"; check "Matched Product Preview" to verify the buying price, duration, and estimated returns
Enter your investment amount (USDT)
Tap "Create the bot" to place the order
Web Version
Click "Earn" in the top navigation bar
Select "Structured" from the dropdown
Click "Earning Robot"
Find "Flying wheel strategy" and click "Create the bot"
Basic Mode
Select the "Basic Mode" tab on the right panel
Choose a trading pair (e.g., BTC/USDT)
Under "Buy-the-dip", enter your Target Buy Price
Under "Covered Gain", enter your Target Sell Price. Enable "Sell at Buy Price" to automatically set the sell price equal to the buy price at the time of purchase
Click "Search", then click "BUY" on your chosen product from the list
Pro Mode
Select the "Pro Mode" tab on the right panel
Choose a trading pair (e.g., BTC/USDT)
Under "Buy-the-dip", set "Buy low at percentage price drop" — the percentage the market must drop before a buy is triggered (e.g., 5%)
Under "Covered Gain", set "Sell high at percentage price rise" — the percentage the buy price must rise before a sell is triggered (e.g., 5%)
Click "Next"
Enter your investment amount (USDT)
Click "OK" to place the order
⚠️ Main Risk
The primary risk is that after a successful dip buy, the price continues to fall and the Covered Gain sell target is never reached. The lower the price drops, the lower the Covered Gain bot's yield will be.
FAQ
Q: How is the settlement price calculated?
A: The settlement price is based on the average index price from the 30 minutes before 8:00 UTC on the settlement date.
Q: What are the minimum investment amounts?
A: Buy the Dip: BTC and ETH minimum 10 USDT; all other coins minimum 40 USDT.
Covered Gain: BTC minimum 0.00001 BTC; ETH minimum 0.0001 ETH; other coins — refer to the investment amount input field.
Q: Can I redeem early?
A: Buy the Dip and Covered Gain bots for BTC and ETH support early redemption. Other coins cannot be redeemed before the settlement date. After stopping the bot, your funds will be returned to your main account after settlement — not immediately. You can still resume the bot during this period.
Q: How do I stop a running Flying wheel bot, and when will my funds be available?
A: There are two ways to stop it:
Stop (wait for settlement):
App — Bot > select the order to close > More > Stop Bot.
Web — Orders > Wealth Management Orders (Structured) > More > Close.
Your funds return to your Primary Account only after the current round settles — not immediately.Early Exit (BTC/ETH only):
App — Bot > select the order to close > Early Exit.
Web — Orders > Wealth Management Orders (Structured) > Early Exit.
This redeems your funds immediately, but a market buy-back cost is charged, which may result in a loss. Other coins do not support Early Exit and can only be stopped using the settlement-wait method above.
Note: Funds occupied by any running bot cannot be used to top up your Pionex Card.
Q: What happens if no suitable product is available when the bot tries to buy?
A: If no matching product is found — for example, because the minimum APY is set too high — the bot scans for a suitable product approximately every 10 minutes and purchases immediately once one becomes available.
Q: How is APY calculated?
A: APY is calculated per second, not per day. Formula:
Expected earnings = Investment × APY × Seconds until settlement ÷ (365 × 86,400)
Q: What is a "round," and how is it counted?
A: Each round (shown as "Round N" or the current round on the order detail page) is one complete lifecycle of a single leg — a Buy the Dip or Covered Gain position that opens, waits, and then either fills (a successful dip buy or take-profit sell) or is redeemed early. The round number is provided by the system; it is not a count of the entries in the profit-detail list.
Q: Why isn't my current round shown in the profit details?
A: The profit-detail list shows settled entries only. A leg's return is realized only when that leg settles, so a round that is still in progress does not appear in the default order view — it becomes visible once you open the historical / closed orders.
Q: Why is the number of rounds different from the number of profit-detail entries?
A: Within a single round, each time the price is checked at maturity without triggering a fill adds one interest entry and the position reinvests to keep waiting; the actual fill then adds one "buy success" / "sell success" entry (or an early stop adds one "early redemption" entry). So one round usually produces several interest entries plus at most one result entry, which is why the round count and the entry count differ. Each entry is denominated in that leg's waiting-phase coin — USDT for Buy the Dip, and the target coin for Covered Gain.