According to analysts’ forecasts, you should not expect rapid growth of coins in 2023. However, it is possible to use strategies to profit in a sideways market. Our readers are increasingly asking to talk about cryptocurrency arbitrage – what it is, how to make money on it. We researched the whole market, talked to people in chat rooms and found the best option for making profits on arbitrage. With ArbitrageScanner, you can track any coins on more than 40 CEX and DEX. Exchanges add on demand and also sell WhiteLabel on the bot – from $10,000.
Cryptocurrency arbitrage – what it is and how to make money on it
Traders earn income from buying an asset at a cheap price and from selling it at a profit. The arbitrageur’s earnings are based on the difference in spreads, not on market conditions. There is no need to predict whether the cryptocurrency will rise or fall. Traders can make profit even in a falling market – up to 30% per round.
There are two types of strategies for making money on rate differences:
- Intra-exchange arbitrage on different coins. The trader is required to constantly monitor and compare the rates of cryptocurrencies relative to each other. For example, usually coin X is 10Y, but at some point the price rises to 11Y. In fiat, the value does not change. There is very high competition in this market, so bundles are hard to find, and they quickly disappear. It will not be possible to earn a lot.
- Inter-exchange arbitrage on a single cryptocurrency. This is a more promising option, but you need to pick up exchanges (large and illiquid) and coin. The price of bitcoin is the same on almost all sites, the difference is no more than 10-30. At the same time on FTT, for example, it was possible to catch 15%.
Arbitrage between DEX
One of the most promising areas in 2023 is to look for trading opportunities between major blockchains (Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, Fantom, Ethereum, Gnosis, Klaytn, Aurora).
Inter-exchange cryptocurrency arbitrage using bots in the DEX segment can get high spreads due to low competition. Most algorithms are customized for popular CEX (up to 10-15 venues). Therefore, the DEX niche is still free. A robot customized for 40 DEX can find trading opportunities every 4-5 minutes.
Arbitrage Scanner – functionality and advantages
The service allows you to connect to more than 50 DEX, as well as to any CEX (upon request to tech support). For example, you can add a local exchange of Turkey (or another country) and catch the difference with the main coins up to 2-5%. Arbitrage Scanner has these advantages:
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- Reporting every 4 seconds. Algorithm tracks in real time and shows the most profitable bundles.
- Fully manual bot with no automated trading. There are known cases of hackers breaking into algorithms and stealing millions of USD. In ArbitrageScanner this is excluded – the bot has no access to money and cannot be hacked.
- User-friendly interface. Customization takes no more than a minute. In case of difficulties, you can get support in a closed chat. Professional arbitrageurs share cases in it.
- You can buy VIP-access, then the configuration will be done by the manager.
- When you buy a tariff plan, you get bonus training in the basics of arbitrage.
How to use the scanner
To get started, you need to create a personal account and pay for access. Registration is simple – you need to enter your phone number (with Telegram or WhatsApp connected to receive trading signals), email and password. After that you can immediately log in to your account. Activation is not required.
To evaluate the functionality of the bot, the developers offer to buy Test access for 30 days.
You can redeem the account with cryptocurrency (bitcoin, ether or stablecoins). There is also a free trial day.
The table shows the available plans.
| Tariff | Features | Term | Price ($) |
|---|---|---|---|
| Tracks 5 coins at a time. Supports 10 CEX and 40 currency pairs. Training on arbitrage basics is available. 24/7 support. | |||
| Monitors the prices of 10 coins simultaneously. Works with 10 CEX and 10 DEX in 10 different blockchains. Supports 100 CEX and 10 DEX currency pairs. 20 pre-built cases available. | |||
| Tracks 30 coins at a time. Supports 10 CEX and 10 DEX in 10 different blockchains, 330 currency pairs. Additionally, 70 cases and VIP manager services are available. | |||
After paying for the account you can start setting up the arbitrage service. In the “Currency pairs” tab you should add assets, on the “Exchange rates” page – exchanges. In the “Templates” section you should choose the type of notification. Messages about possible trades will be sent to Telegram. In the Expert tariff plan, 15 different channels are available, and in Pro – 2. The ability to separate signals is relevant when there is a large number of tracked assets. The message contains the following information:
- Trade direction and coin.
- Exchange for buying and selling.
- Profit per minimum lot.
Ready-made cases for earning money on the scanner
The project team has been working in this field since 2016. During this time, hundreds of working solutions have been found. Clients will get most of them after buying a subscription – 30 cases in the Pro package, 70 – in Expert. Let’s tell you about some of the trading solutions.
Buying insider coins
A trader buys altcoins for which exponential growth is expected. For example, ArbitrageScanner clients took Pepe before listing on Binance. Hundreds of arbitrage deals can be made during growth. This significantly increases income.
Retrodrops
New blockchains often give away free tokens to early users. This is a goldmine for arbitrageurs – in addition to the usual profit, you can also get a drop. Thus, we found a user’s review in VK, where he talks about receiving a $4k bonus in the Arbitrum network. Now we are expecting a distribution from zkSync.
Coins with little liquidity
Users note that after the release of the token on Binance and other large exchanges, spreads fall, therefore, profits decrease. Therefore, you should look for coins on MEXC, Gate.io and other relatively small exchanges, which are not traded on large platforms. In them, you can get income from 10% per round.
Cryptoinvesting
Many users have purchased promising coins on the market decline. Investors run a bot and wait until there is a spread of more than 10% on one of the coins. This provides opportunities for additional earnings. You can sell the entire volume or only a part of it.
Decoupling of Stablecoins
In March 2023, the rate of one of the most liquid stable coins decoupled from the USD. The price of USDC was falling to $0.9. Some traders simply bought the coin at a discounted price and waited for the exchange rate to return. Others used the bot to search for the best exchanges and “raced” USDC between exchanges.
A similar situation was with TUSD when it rose to $1.2. Traders bought the coin on small exchanges at $1.05 and sold it for $1.1-1.2 on Binance.
ArbitrageScanner – reviews
We searched for reviews in thematic VK blogs and blogs. Mostly users write positive comments. Experienced arbitrageurs received a more convenient and functional tool. ArbitrageScanner is practically the only bot for arbitrage on DEX. It greatly simplifies trading, because before traders had to work manually.
Who is behind Arbitrage Scanner
We contacted this developer and we can say that he has influence in the industry. However, the creator of ArbitrageScanner does not want to reveal himself at the launch of the project. His name will be revealed later, as the project is focused on the global market, and Russian roots make it difficult to promote the product, especially in English-speaking countries.
Test day
Users can evaluate the possibilities of the service for free. To begin with, you should go to the team’s Youtube channel and see how everything should work. Then you will need to write to tech support – the manager will provide access for a day. In demo mode are available:
- Several cryptocurrencies (2-3).
- Only CEX with small spreads.
Users will be able to make sure that the bot works and sends notifications. To earn serious income, you need to buy a subscription. Beginners can take the Expert tariff, then the manager will customize the service.
Arbitrage profitability calculator
Users can calculate the potential profit. In the “Profitability Calculator” section there are tables for CEX and DEX. To calculate the profit, you need to:
- Enter the commissions of the platforms (as a number, 1% – 0.01).
- Specify buy, sell prices and fees.
The profit per lap will be displayed. Users can look at different options. After purchasing the tariff, more calculation options will be available (different coins).
WhiteLabel arbitrage bot
This ArbitrageScanner package helps you launch a ready-made business in 7 days with minimal costs (franchises cost from $10,000). To get a consultation, you need to fill out a short form on the website. A manager will contact you shortly and tell you the details. The WhiteLabel package includes:
- Server support.
- Round-the-clock technical support.
- Service fee of 10% of the profit. The rest of the profit can be taken for yourself. Money from the commission will go to maintain stable servers.
- Support for any exchanges and tokens.
Project Arbitrage Scanner has gathered an experienced team with extensive practice in the field of cryptocurrency arbitrage (since 2016). This allowed to develop dozens of ready-made IT solutions.
The main advantages of WhiteLabel are as follows:
- A clear business model. Therefore, the bot will be easy to sell on the global market.
- It is possible to generate revenue from both arbitrage and providing services to customers.
- Service providers do not have access to participants’ money. There is no connection via API – this means that you don’t need to spend money on client protection.
- The service runs through the cloud. This allows you to launch the robot in less than a minute. No need to download large files and install programs.
Additional features
The service can be used by investors, experienced arbitrageurs and beginners. After purchasing the package, additional options are available to users:
- Access to a private chat room. Traders share their experience of using the platform there.
- Work in the cloud. You can set up the CMS in a couple of minutes. Templates for tracking are created quickly. You do not need to install programs to receive notifications. All work happens in Telegram.
- Online course on the basics of arbitrage. Users receive ready-made cases on how to use the scanner. The most complex and profitable approaches are considered in the advanced course. It is available if you choose Guru and VIP packages.
Referral Program
Any user of Arbitrage Scanner can participate in the development of the platform. The service is at the beginning of its journey, so clients are offered generous bonuses.
ArbitrageScanner pays 30% of referrals’ subscription fees.
Influencers and popular bloggers can count on an increased reward – 50% of the platform’s income. To do this, you need to send a request to tech support.
The algorithm for participation in the system is standard:
- Log in to your personal cabinet and go to the “Affiliate Program” section.
- Copy the link and publish it on thematic sites.
- After accumulating the minimum amount, withdraw the profit.
Telegram Scanner
Many users of the service are already testing the search for information on chats and sending notifications to Telegram. For example, you can put on tracking all messages and news on FTT coin, select the necessary chats and receive among the first all information with the necessary key.
A large number of users are also participating in the beta testing program of the Telegram Scanner product. This is a bot that tracks all messages on a certain topic. So, to know everything about the FTT coin, you need to select the right parameters with its help.
This function works well on small coins. It is enough to prescribe the keys, and the bot will start sending notifications that in some chat begin to discuss the launch of testnet. The client sees this, is the first to buy a coin and ends up with a good profit.
There is also a classic use of the product. For example, you can enter for tracking keys on the request “Buy asic” and watch relevant requests from chats. This will allow you to immediately start a dialog in a group or write in a private message.
There are no analogs of ArbitrageScanner on the market. The service will suit both crypto traders and advertising agencies. The price starts from $30. Details should be clarified with the support team.
Conclusion
We have studied the reviews about the project and tested the bot’s work. In 2023, ArbitrageScanner is one of the best arbitrage services on the market. It is distinguished from competitors by support for an unlimited number of coins and exchanges (CEX and DEX). The project is interesting not only for professional arbitrageurs, but also for investors. They can customize the search for spreads on coins in the portfolio and generate profit even in a falling market. After purchasing the package, clients will get access to basic or advanced training course and up to 70 ready-made cases for earning. You can customize tracking templates on your own or use the help of a personal manager.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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