Topic: Best Arbitrage bot (Read 249 times)
You understand to earn arbitrage you need to have a huge amount of money. The best way to earn is trading.
What is an arbitrage bot?
The most basic definition is a program that looks at multiple exchanges to buy a coin/token for less, and sell it for a higher price at another exchange. The program should factor in fees and sending cost too.
What is an arbitrage bot?
Hello Zenkadar,
Look into these three:
1.Blackbird--Most popular and open source
2.Gekko--Open Source with some arbitrage features
3.Bitcoin Arbitrage--good amount of supported exchanges
Cheers, hope this helps.
Look into these three:
1.Blackbird--Most popular and open source
2.Gekko--Open Source with some arbitrage features
3.Bitcoin Arbitrage--good amount of supported exchanges
Cheers, hope this helps.
You don't really need bots for that. You can find an arbitrage opportunity on your own, but before jumping onto it consider the hidden fees and check for possible problems. More often than not you will find obstacles for trading, like inactive exchange wallets, you haven't taken into account.
In my opinion, you can try to learn yourself by creating your own script/bot to do such a thing. For details on arbitrage opportunities, there are many sources online which you can simply google.
Just wanna share my opinion and experience about this. You have to keep your percentage of profits in the realistic region. So, don't expect to arbitrage and hope to make around 10% or even 50% of profits (even though it may seem possible when you are doing your research and you find some opportunities that make it look possible). Most of the time, when the percentage of profits possible to be made seems to be very high, it is too good to be true. It is most likely not the case. If you were to try and execute such things, you are likely to face problems depositing/withdrawing that particular altcoin at that particular exchange offering such opportunity. Hence, when something seems too good to be true, it probably is.
More realistically, the figures your can look to arbitrage will be around up to 2%. Keep in mind when calculating whether the efforts are worth it, you should also factor in your trading/transaction fees when deciding to execute your arbitrage strategies. Overall, the fees will probably add up to around 0.5%. Hope this helps!
Just wanna share my opinion and experience about this. You have to keep your percentage of profits in the realistic region. So, don't expect to arbitrage and hope to make around 10% or even 50% of profits (even though it may seem possible when you are doing your research and you find some opportunities that make it look possible). Most of the time, when the percentage of profits possible to be made seems to be very high, it is too good to be true. It is most likely not the case. If you were to try and execute such things, you are likely to face problems depositing/withdrawing that particular altcoin at that particular exchange offering such opportunity. Hence, when something seems too good to be true, it probably is.
More realistically, the figures your can look to arbitrage will be around up to 2%. Keep in mind when calculating whether the efforts are worth it, you should also factor in your trading/transaction fees when deciding to execute your arbitrage strategies. Overall, the fees will probably add up to around 0.5%. Hope this helps!
Can somebody reccomend the best bot for arbitrage? some service may be.
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