As all cryptocurrency prices turn green again, price gaps between different trading platforms will only become more apparent. That is only normal, as the value of either Bitcoin, altcoins, stablecoins, or assets cannot rise in a similar fashion across all exchanges. The following six arbitrage opportunities are worth paying attention to, as they can yield some interesting profits in fairly quick succession.
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Bitcoin Cash SV (OKEx / Gate)
For the second day in a row, it seems the Bitcoin Cash SV price between OKEx and Gate.io is very different. While that is not necessarily unique by any means, the gap remains somewhat stable at 3.6%. That makes for a very interesting arbitrage opportunity, assuming one can leverage enough liquidity to effectively make something happen. These quick gains are still appealing, though, as it is one of the most profitable arbitrage options available today.
Monero (Kraken / HitBTC / Poloniex)
Until people genuinely start taking advantage of the low XMR price on Kraken, this arbitrage opportunity will remain in place for some time to come. The Kraken price is between 1.7% and 2.3% lower compared to Gate, HitBTC, and Poloniex. One downside is how Monero has never been the most liquid altcoin market, which makes it somewhat difficult to make big money off this arbitrage opportunity.
TUSD (Vebitcoin / Binance)
It is not the first nor the last time a stablecoin-based arbitrage opportunity will become available. The current cryptocurrency market conditions are far from stable or promising, which means things may effectively improve moving forward. As such, this arbitrage option can effectively be quite lucrative, although the gap represents just a 1.6% difference.
Stellar Lumens (Paribu / Koineks / CEX)
It does not happen all that often an arbitrage opportunity presents itself during which the price on CEX is higher than other exchanges. Today is an interesting exception in this regard, at least where XLM is concerned. Its value on Paribu, Koineks, and Vebitcoin is lower compared to CEX, and profits between 6% and 9% are ripe for the taking. That is quite a large spread, but it’s also a good way to score easy profits.
USDT (Bittrex / KuCoin)
It has become uncanny how at least two stablecoins are subject to arbitrage trading virtually every other day. In today’s edition, the USDT gap is slightly more appealing than the TUSD opportunity, primarily because of the exchanges involved. Buying USDT on Bittrex and selling it on KuCoin can yield a 1.3% profit for virtually no effort. Those who want to chase some quick profits can certainly benefit from this opportunity.
Litecoin (Kraken / OKEx / VeBitcoin)
A few different arbitrage opportunities involving Litecoin have become apparent over the past few hours. The LTC value on Kraken and Vebitcoin is lower than OKEx, Poloniex, and Gate, resulting in a profit of up to 2.8%. Kraken’s price is also lower than KuCoin and HitBTC, which allows for a 2.5% profit. VeBitcoin’s value is also 0.85% lower than Binance, which creates another option to explore.
Information provided by Arbing Tool.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.