As all cryptocurrency and digital asset markets remain uber bearish, exploring arbitrage opportunities becomes all the more important. Everyone wants to either make money or try to save their portfolio by securing other revenue sources. The following six opportunities will allow traders to make some money, although all opportunities can fluctuate at any given time.
ZCash (Cex / Bittrex / HitBTC)
A few interesting money making opportunities have come around for ZCash speculators. Although this altcoin is often subjected to price gaps, this opportunity comes at a most opportune time. The ZEC price on both Cex and Bittrex is lower than HitBTC, which allows for a profit of 1.6% when moving funds between different exchanges. It is a pretty solid opportunity, although a bearish market trend can skew these opportunities as well.
Tron (Binance / KuCoin / HitBTC)
A very similar arbitrage opportunity exists where Tron is concerned. This popular altcoin can be bought on either Binance or KuCoin for a lower price and sold on HitBTC for a quick 1.8% to 2.2% profit. This is a more than interesting opportunity first and foremost, primarily because these gaps are a bit larger than what one would normally expect from direct arbitrage trading.
Dash (Vebitcoin / Kraken / HitBTC)
It would appear there are a few interesting arbitrage gaps for Dash as of today. Buying on Vebitcoin and selling on CEX will yield a 1.5% profit. Another option is to buy Dash on Vebitcoin, Bittrex, or Kraken and to sell it on HitBTC. Those profits will range anywhere from 0.85% to 2.4%, depending on where one buys Dash from and how the HitBTC price evolves.
Dogecoin (Gate / LiveCoin)
It has been a few days since the last Dogecoin price gap presented itself in a meaningful manner. Today’s opportunity may not seem like the most appealing or profitable one, but there is still some decent money to be made when exploring the price gap between Gate and Livecoin. A 1.1% arbitrage opportunity is more than welcome as all prices continue to fall first and foremost.
EOS (Binance / KuCoin / HitBTC)
Most of today’s arbitrage opportunities involve the HitBTC exchange, which is not necessarily a bad thing either. For those looking to score some quick profits through EOS, an appealing option comes in the form of buying on Binance or KuCoin and selling the altcoin on HitBTC. An average profit of 2.2% can be obtained by exploring this price difference, although EOS suffers from rather low overall trading right now.
Stellar Lumens (KuCoin / Binance / EXMO)
A few different arbitrage opportunities involving XLM have presented themselves over the past few hours. It is possible to pocket a 0.9% profit flipping XLM between KUCoin and EXMO. Other options all involve HitBTC, as price son Vebitcoin, Binance, Kraken and KuCoin are all lower compared to this exchange. Those options can yield a profit of up to 2.4%, although the average is closer to 1.9%.
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.