Here’s some information about arbitrage bot:
Everyone understands that “cryptocurrency market is a very high risk market and you need to be ready for that!”
So the key point of our trading strategy – marginal arbitrage on XBT/USD pairs on Bitmex exchange and BTC/USDT on Binance exchange. When bot finds discrepancy of quotations between those pairs, it buys/sells on the one exchange (Binance) and sells/buys on the other exchange – marginal Bitmex.
Pluses:
Bot makes trading using long and short positions.
After the position is opened we have a hedged position
No need to make direct cryptocurrency transfer between exchanges.
Low commission using BNB coin while paying for trading fee on Binance. And on the other side Bitmex pays +0.025% for open contract.
Your funds are on your exchange accounts.
Bot just makes trading and can’t withdraw them unless you provide him such rights.
Bot can use leverage (not in use right now).
Risks:
Technical – exchange APIes can hang out, server stop… but as we’ve said before opened position is hedged – there is no loss.
So after bot restart it will automatically continue trading.
If you begin to trade manually there is a chance that opened position which was created by the bot won’t be closed (in BTC or USDT).
An economically sound deposit is required to make successful trading to pay back the monthly fee for the access to the bot and make profit (while testing fee will be free of charge).
There is a possibility that a bot can make much more profit on one exchange while on the other exchange can be vice versa so you’ll need to equalize deposits on both exchanges manually.
P.S. Our trading strategy is based on minimal risk so you need to understand that you won’t receive high profits (it’s all depends on market price changes). Also we are planning to add more cryptocurrency pairs and other exchanges. And also additional bot functions that can make trading more profitable.
If you want to take a part in testing you need to apply the form:
https://docs.google.com/forms/d/e/1FAIpQLSf4Z7UXd-bB6nzdhzg-EMD6wtdY5B-mIpqktNwnUbRs8rNNPg/viewformhttps://t.me/keycobothttps://discordapp.com/invite/fgJQ3RA