2018-11-9 19:00 |
Not a day goes by in the cryptocurrency world without any new arbitrage opportunities popping up. Today is no different in this regard, even though most markets appear to be somewhat subdued. Even so, there are a fair few markets which allow for some quick profits, assuming one is willing to take a few small risks along the way.
Ethereum Classic (Gate / Poloniex / YoBit)Nearly every day of the week, the price of Ethereum Classic on the YoBit exchange is higher compared to all other exchanges. That is a rather unhealthy situation, although it is a bit unclear as to why this is happening exactly. Buying ETC on Gate, Koineks, Binance, KuCoin, or Poloniex and selling on YoBit will result in profits of anywhere from 1.6% to 3.4%, depending on which platform one prefers to use.
XLM (CEX / Gate / Binance)For this particular arbitrage opportunity, one doesn’t even need to rely on YoBit. That is always somewhat promising, especially because the exchanges involved today have far better overall liquidity. Buying XLM on Koineks or CEX and selling on Binance, KuCoin, or HitBTC should lead to profits of up to 1.3%. It is not the biggest gap, but XLM is a far more liquid market compared to ETC.
DASH (Gate / HitBTC / Kraken)For the second day in a row, numerous arbitrage opportunities involving DASH have come to the surface. Buying the altcoin on Gate or Livecoin and selling on YoBit can yield small profits of up to 1.3%. Buying on Kraken, HitBTC, or Poloniex can elevate those profits to 2.5%. Buying on Kraken and selling on HitBTC allows for a quick 0.9% profit.
Dogecoin (Livecoin / Gate / HitBTC)Another small arbitrage opportunity for those who dislike using the YoBit exchange. Buying Dogecoin on Gate.io, Koineks, or HitBTC allows users to sell it on Livecoin for profits of up to 1.8%. It is equally possible to buy on either of those exchanges and sell on YoBit for slightly higher profits. Depending on liquidity, a gain of 3% is not impossible to achieve.
Bitcoin Cash (HitBTC / LiveCoin / Kraken)It is always interesting to see a Bitcoin Cash arbitrage opportunity become apparent. While this happens on a somewhat regular basis these days, it is still somewhat surprising. Buying on Kraken and selling on either OKEx, Livecoin, or HitBTC can yield a nice profit of 1%. Selling on YoBit offers returns of up to 2%. Users can also buy cheaper on KuCoin, CEX, Bitfinex, and Binance prior to selling on YoBit.
Ethereum (Kraken / KuCoin / OKEx)Numerous arbitrage opportunities exist for Ethereum today. It seems prices on Kraken are a tad lower compared to all other major trading platforms. As such, buying on Krakne and selling on Gate, YoBit, KuCoin, HitbTC, OKEx, or Poloniex will always yield profits of up to 3.1%. A very big spread between Kraken and the rest, although that shouldn’t take much effort to bridge the gap.
The post Crypto Arbitrage Today – Easy 3.4% Profits Involving Major Altcoins appeared first on NullTX.
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