Bitcoin Forum

I am looking for an application, website or software that automatically scans arbitrase opportunities.

Do you have any recommendations? please share with me.

As something to mention, thus is a known scam trend. If anyone DMs you and asks you to part with funds or jpi. A group then it's probably a scam.

These bots are probably either hard to find or everywhere though and there are trading bots for standard trading strategies that work on crypto exchanges so...

Thank you for reminding.

I wanted to try arbitrase trade, but after trying it I wanted to give up. With so many coins/tokens out there it is very difficult to find arbitrase opportunity. So i think i have to find crypto arbitrase scanner.

There is an app I used to used when I was just getting started with arbitrage trading, but after a while it stopped functioning. What I would like to remind you is that arbitrage trading isn't as easy as it seems.
You probably need a bot and have funds in both exchange to execute an arbitrage trade perfectly, and you may also need to part with some money in terms of monthly or yearly subscription.

Bots or apps that collect data about what and where you can arbitrage seem to be gold if you ever find one. But I doubt it if ever there's one, it's not going to be for free.
Just open with many tabs from different exchanges for that coin you may want to arbitrage and compare the prices. And that coin should be quicker in transactions like in seconds, your transaction has been received. That would likely give you more chance to deal in losses because it's one of your problems in arbitrage, the delay.

I have never used an application or website that provides arbitrage trading because for me it is quite difficult and sometimes it will be a premium that I have to pay usually like that.
Still, what I did was to guard several exchanges to see the difference in the price of the coins to be arbitrated, but it was not easy, I had to be careful in choosing and the capital had to be large from both sides of the exchange to maximize profits.
In fact, I've done arbitrage, but the coin is about to make a deposit pending and this is sometimes a risk that is faced.

There are bots to notify about the price gaps across exchanges but you need to catch the differences; it means when I tried with such bots, the price difference became insignificant before my bitcoin deposit got enough network confirmations. From my experiences, I learned that arbitrage might be possible and decently profitable only for the traders who own accounts in at least 10 different crypto exchanges which includes possible KYC mandatory exchanges.

There are telegram channels who continuously post about gaps in price levels as arbitrage opportunity but when checking they do consider only "Last-Traded-Price" and if you go for buying and selling then you will find no buyer to fulfill your order at the price of higher than your buying price level.

You can simply find price gaps using coinmarketcap's market page manually but very rarely you may find decently profitable arbitrage opportunity hence may not worth the time and efforts.

You can get data from some sites like ----> http://cryptowat.ch/ that offer trading pairs such as between Bitcoin/Altcoins pairs^[1] and then compare the prices to choose the buying and selling service, but I think you have to do it manually.

You can pay a developer to create a bot on Telegram and get notifications based on that, but I see that the arbitrage benefit has become small, especially since the price of Bitcoin is currently unstable and therefore you may lose part of your money/earnings.

Finally, the levels of liquidity determine the amount of risk and often the price differences between platforms with high liquidity are low.


[1] https://cryptowat.ch/products/cryptocurrency-market-data-api

I've seen sites have a large spread on some pairs too (linking with liquidity) and it's because some of the non kyc exchanges randomly block withdrawals of certain currencies/tokens or sometimes just send them into maintenance and don't bring them back for a long time.