Due to all of the wild price swings affecting the cryptocurrency industry last night, arbitrage opportunities are even easier to come by. With greater price gaps also come greater risks unfortunately, as it will be a matter of timing the trades correctly. Even so, these opportunities to make money should not be overlooked by any means, as they can help speculators recover some recent losses.
Lisk (Poloniex / LiveCoin)
One of the biggest arbitrage gaps to open up throughout this week comes in the form of Lisk. Buying LSK on Poloniex and selling it on LiveCoin can yield profits of up to 8% with relative ease. That is quite spectacular, all things considered, especially because there is so much market volatility right now. Even so, those who are willing to take a gamble can certainly benefit from this arbitrage gap which is shaping up right now.
Cardano (Kraken / Gate)
The price of Cardano is all over the place at this time, which shouldn’t come as a big surprise to anyone. More specifically, there is a very good chance this altcoin will remain on shaky legs for some time to come. Until things normalize, buying ADA on Kraken and selling on Gate.io can yield easy profits of up to 2.5%.
QTUM (Kraken / Poloniex / Gate)
It is pretty interesting to see how QTUM’s prices fluctuating wildly across different exchanges. In the case of Kraken, its price is lower compared to both Poloniex and Gate.io, which makes for a very easy arbitrage opportunity first and foremost. Gains of up to 2.2% are certainly possible to achieve, although this gap may widen as more time progresses.
Monero (Kraken / Poloniex/ HitBTC)
Numerous trading opportunities are created for XMR today. That is only to be expected, primarily because there is such a large gap between Kraken and all other exchanges, by the look of things. Buying on Kraken and selling on either HitBTC, Poloniex, Gate, or LiveCoin, will yield profits of up to 3.4%. A peculiar market trend, although one that will not necessarily remain in place for very long, depending on overall liquidity.
Bitcoin Gold (Koineks / Bitfinex / Gate)
Although there was a Bitcoin Gold arbitrage gap just yesterday, it seems that spread has not closed by any means. Instead, there is still a very wide gap between buying on Koineks, CEX, Bitfinex, or HitBTC, and selling on Gate.io. Those who are willing to try and exploit this gap can score profits of up to 20% for very little effort involved. Given the current market circumstances, such a gap may help offset some initial losses for traders.
XLM (Kraken / KuCoin / HitBTC)
Another day of arbitrage opportunities comes around, and XLM is in the middle of the action once more. The price of XLM across Kraken is significantly lower compared to KuCoin, HitBTC, and Gate. As such, it is only a matter of time until this gap begins to close as more traders begin to take advantage of these opportunities. Until that happens, an easy 2.5% profit is lying ahead.
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.