Automated cross-exchange arbitrage now available to subscribed members — fully self-custody, no withdrawal access.
Bengaluru, India — The MI Groups Pvt Ltd today announced the public launch of its automated funding rate arbitrage trading system, dubbed the Sniper Bot, marking a significant step forward for Indian retail crypto traders seeking systematic, low-risk returns from perpetual futures markets.
Funding rate arbitrage is a market-neutral strategy that exploits price discrepancies in perpetual futures contracts across different cryptocurrency exchanges. Every eight hours (or four hours on some exchanges), perpetual futures contracts pay or charge a "funding rate" — a small payment between long and short position holders designed to keep the futures price aligned with the spot price.
When the funding rate is high enough, a trader can open a long position on one exchange and a short position of equal size on another. Because the positions cancel each other out in terms of directional risk, the trader is "delta neutral" — they don't care if the coin goes up or down. They earn the funding payment as pure profit, minus exchange fees.
This strategy has long been the domain of institutional desks and quant funds. The MI Groups Sniper Bot brings it to Indian retail traders through a fully automated subscription service.
The Sniper Bot continuously monitors funding rates across four major exchanges:
Every two minutes, the bot scans funding rates and identifies coins where the spread between two exchanges exceeds a configurable profitability threshold (default: 0.5%). Approximately eight minutes before a funding settlement, it opens both legs simultaneously — long on the exchange paying funding, short on the exchange charging it. Ninety seconds after settlement, both positions close.
The entire cycle — entry, settlement collection, exit — typically takes about ten minutes per trade. The bot can run dozens of these cycles per day depending on market conditions.
Unlike custodial trading services that require members to deposit funds with the operator, The MI Groups Sniper Bot never holds member funds. Members connect their own exchange accounts via API keys with trading-only permissions — withdrawal permission is explicitly never enabled.
This means:
This is a fundamental safety distinction. Many crypto services have collapsed in recent years due to operator misconduct or hacks affecting custodial funds. Self-custody eliminates this entire category of risk.
Cryptocurrency is recognized as a Virtual Digital Asset (VDA) under the Income Tax Act of India. Gains from VDA trading are taxed at 30%, with an additional 1% TDS (Tax Deducted at Source) on transfers above the prescribed threshold. Members are responsible for their own tax compliance. We strongly recommend consulting a Chartered Accountant for personal tax planning.
The Sniper Bot is available as a subscription service to verified members. Subscribers receive:
Current pricing and available plans are listed on the subscription page.
The MI Groups Pvt Ltd is a registered Indian company headquartered in Bengaluru. The platform is built specifically for Indian crypto traders who want systematic, automated trading without the technical complexity of running their own bots, the security risks of custodial services, or the latency disadvantages of consumer-grade infrastructure.
The bot operates from low-latency servers, runs around the clock, and is monitored by the team for any anomalies. Members can pause the bot at any time from their dashboard.
Interested traders can review the service details and subscribe via the official subscription page. Existing members can log in to the Member Portal to configure their exchange API keys and activate the bot.
About The MI Groups Pvt Ltd: Founded in 2023 and registered in Bengaluru, India, The MI Groups builds automated crypto trading infrastructure for Indian retail traders. Services include the Sniper Bot funding rate arbitrage system and a KYC-verified P2P USDT purchasing service.