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20851572 No.20851572 [Reply] [Original]

There are two tokens both low MCAP that I want to accumulate that have enough liquidity, are routinely varying in price between 5% to upwards of 10% in price on various exchanges. Bilaxy, IDEX, and OKEX mainly. One is a 5 Mil moonshot in a few years I think and the other is 30 Mil MCAP that will almost definitely be lucrative in probably 18 months or the next bull run in general.

Has anyone here created a basic arbitrage bot before? I literally have 8-10 hours a day I could put towards this and definitely enough seed money to get started. I recently bought a new desktop as well.

Advice on the best bot software to use or just anything regarding the topic in general. Thanks

>> No.20852005

You can't, you can only arb shit with decent liquidity given all the fees moving shitcoins around.

>> No.20852632

>>20852005
>>20852005

If I have funds on lets say two the exchanges $3000 on each? The 5Mil cap is like .10. It might be a slow arb but I have the time. They are ETH pairs on Bilaxy and IDEX. I would just have the bot sell and buy at the same time. I'd imagine the fees wouldn't be that bad to reset their balance if I sell all on one exchange.

>> No.20852878

>>20851572
You want to look into the exchange APIs. That's about it. But if someone hasn't done it before there's usually a catch. Exchanges usually do arbitrage with their own bots.
See if there are hidden fees to move in and out of these exchanges or if the gas is not worth it in the DeFi ones. Look at the 2% depth on coingecko and you'll see those price differences are usually a mirage from completely dry liquidity

>> No.20852936

>>20851572
Try manually arbing it first if you have 8-10 hours a day

>> No.20853343

>>20852878
>>20852878

Thanks I'll research that. I suspect you are right and exchanges are doing it but I should be able to get a piece of the pie perhaps small though.

The 5Million MCAP is doing around 100K volume a day which sounds low but should still be doable. Even if I can automate $10-$20 a day or something it might be worth it to me. That would be like 100-200 of it which I suspect will be worth significantly more in the future.

>>20852936

That probably wouldn't be worth my time but I would be willing to spend 8-10 hours perfecting a bot and have plenty time to audit it through out the day.