Crypto Arbitrage For Income
Arbitrage is a trading strategy in which an asset is purchased in one market and sold immediately in another market at a higher price, exploiting the price difference to turn a profit.
Every day, tens of billions of dollars worth of cryptocurrency changes hands in millions of trades. But unlike traditional stock exchanges, there are dozens of cryptocurrency exchanges, each displaying different prices for the same cryptocurrencies.
For savvy traders—and ones who aren’t averse to a little risk—that opens up an opportunity to get the edge over their compatriots: play these exchanges against each other. Welcome to the world of crypto arbitrage.
Crypto arbitrage is fairly self-explanatory; it’s arbitrage using crypto as the asset in question. This strategy takes advantage of how cryptocurrencies are priced differently on different exchanges. On Coinbase, Bitcoin might be priced at $10,000, while on Binance it could be priced at $10,500. Exploiting this difference in price is the key to arbitrage. A trader could buy Bitcoin on Binance, transfer it to Coinbase, and sell the Bitcoin—profiting by around $500.
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