You can’t do arbitrage yourself these days. Only way to do it is with a bot. You can’t compete with the speed and accuracy as a bot which is always live.
Those days where you buy on one exchange and send to another to sell are long gone. They worked for SBF because he did it long ago.
There are sometimes Kimchi premiums but the issue is that you can sell on the Korean exchange but you cannot get the funds out of the country due to capital controls, hence the premium.
Those days where you buy on one exchange and send to another to sell are long gone. They worked for SBF because he did it long ago.
There are sometimes Kimchi premiums but the issue is that you can sell on the Korean exchange but you cannot get the funds out of the country due to capital controls, hence the premium.
Okay when you say bot do you mean code my own bot or sign up to a paid arbitrage bot service? The bot will transfer the crypto (after buying) between different exchanges and each exchange has a bot waiting for the transfer to quickly sell for the arbitrage profit? So there must be several bots that must be involved or can be done by 1 bot and if so how?
Which countries has the highest kimchi premiums for bitcoin but little to no capital controls? If you sell bitcoin in their local currency then the capital controls stop you converting it to your own home currency like $usg, £gbp or euro? So for example I have to live in south korea to keep the kimchi premiums?
