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Lookonchain

@lookonchain

7 تغريدة 53 قراءة Oct 05, 2023

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These 2 addresses can earn $1.2K ~ $12K through on-chain arbitrage every day.
1/🧵
Here is the trading strategy.

2/ How does arbitrage happen?
The price of Token A would suddenly plummet on Ethereum if someone dumped Token A on Ethereum.
But the price of Token A on #BSC was not affected.
So arbitrageurs can buy token A on Ethereum at a low price, then cross-chain to #BSC and sell it.

3/ Let me give you an example.
From the screenshot, the arbitrageur spent 370 $USDC to buy $NGL on #Ethereum, then cross-chained it to #BSC and sold it for 382 $DAI.
After deducting gas fees, the profit is ~$7.

4/ But not every arbitrage is profitable.
From the screenshot, the arbitrageur spent 2,000 $BUSD to buy $DCK on #BSC, then cross-chained it to #Ethereum and sold it for 1,998.88 $USDT.
After deducting gas fees, will lose ~$21.

5/ A rough calculation shows that these 2 addresses arbitrage 5-10 times per hour, with an hourly profit of $50 to $500, and a daily profit of $1.2K to $12K.
The more large sales/buys there are on the chain, the more arbitrageurs make.

6/ However, this strategy is difficult to implement with manual trading.
Arbitrageurs need Bots to monitor abnormal transactions on-chain and quickly buy→cross-chain→sell.

7/ Follow @lookonchain and turn on notifications, or join our telegram group to receive alpha information.
t.me

t.me/lookonchain

Lookonchain

Looking for smartmoney onchain! Twitter: https://twitter.com/lookonchain BingX: https://bingx.com/pa...

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Lookonchain

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