As all cryptocurrency markets are subject to a new wave of bearish pressure, price gaps will become all the more important to exploit. As is usually the case, there are some interesting arbitrage opportunities, although the potential profits will fluctuate severely based on how all currencies evolve in the price department moving forward.
Bitcoin Cash (HitBTC / Gate / Livecoin)
It is rather interesting to note how there are many different Bitcoin Cash arbitrage opportunities. This mainly involves platforms allowing users to trade BCH again after the recent protocol upgrade. In the case of BCH, it seems buying on HitBTC or Kraken and selling on Livecoin or OKEx might be worth looking into. Once Poloniex reopens deposits, it could be worth looking into as well. This is a bit of a risky market to exploit right now, although there are gains of up to 43%.
Dogecoin (Koineks / Gate / HitBTC)
For cryptocurrency traders who can access to Koineks platform, buying Dogecoin might be a good idea today. Despite its current bull trend in the DOGE/BTC ratio, not all platforms value this altcoin at the same price level. Selling on HitBTC, Gate, or Livecoin can yield a net 1% profit with ease. That is all one can ask for under the current circumstances.
Ethereum (BTCTurk / Kraken / KuCoin)
There are, once again, multiple arbitrage opportunities involving Ethereum today. Buying on BtcTurk lets users sell on Poloniex, Gate, Livecoin, or KuCoin for profits of up to 2%. Buying on Kraken and selling on either of those four exchanges will yield 1.1% profit on average. Buying on Bitstamp and selling on either of these exchanges, or even Bittrex, Binance, and Bitfinex, can yield a profit of 1.2%.
Litecoin (Kraken / Koineks / OKEx)
It would appear most of today’s arbitrage opportunities involving Litecoin involve the exact same exchange as Ethereum’s gaps. Buying on Kraken, Koineks, or Bitstamp is the main order of business. Selling those LTC on OKEx, Gate, Livecoin, HitBTC, or Bitfinex can yield profits of between 0.8% and 1.2%.
Bitcoin Gold (HitbTC / Koineks / Gate)
Similar to the previous days, the Bitcoin Gold arbitrage gap is still in place, albeit in less spectacular fashion. Users who buy on HitBTC, Sistemkoin, Koineks, CEX, or Bitfinex, can score profits of up to 7.5% by selling on Gate.io. A very interesting price trend, especially when considering how this arbitrage gap has been in place for several days now.
Dash (Kraken / HitBTC / Livecoin)
It would appear every day has a Dash arbitrage opportunity. This usually involves the exact same exchanges as well, which makes things even more peculiar. Buying on Kraken and selling on either HitBTC or Livecoin can yield a nice profit of 1%. It is not the biggest profit by any means, but given this bearish market pressure, one can’t ask for much more.
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.