The arbitrage SAFU funds will be used as compensation in the Black Swan incident while using Pionex spot-futures arbitrage bot.
Users can apply for compensation when the following situations occur:
1.When the spot or contract system of Binance or Huobi aggregated by Pionex fails, resulting in an inability to trade and transfer, and finally resulting in loss of the principal of the user (i.e., when the total profit is negative)
2.When the spot or contract system of Binance or Huobi aggregated by Pionex fails, resulting in an inability to trade and transfer money, and finally resulting in the user being unable to shut down the Spot-Futures Arbitrage bot and generating a negative funding fee
3.When the spot price rises rapidly, resulting in the liquidation of the contract position, and the spot price falls rapidly at this time, resulting in the loss of principal before the spot can be sold
4.When the spot is automatically reduced due to the rapid decline of the spot price, the spot price continues to fall at this time, and the spot has not yet had time to sell, resulting in a loss of principal