Arbitrage Scanner

Introduction

Arbitrage with the exchanges is one of the options for making profit on the difference of exchange rates. For this type of arbitrage you don't need bank cards, which will definitely be a benefit for those who don't want to worry about fiat, card life, card limits, etc.

Arbitrage Scanner takes care of the task of finding arbitrage, freeing you from spending time searching for options that are right for you. In this instruction we have detailed how to set up the scanner and what spreads can be, and we have given an example of arbitrage.

Getting Started

To begin using the Scanner, you should visit our website and complete the registration process. After registering and subscribing to a pricing plan, our services, including Arbitrage Scanner, will become accessible to you.

Please, carefully review the subscription details: the scanner is not available in all of them.

Go to Arbitrage Scanner through the Services tab

Profile

Once you've set up the filters, you'll have the option to save them for quick access by clicking on select:

  • Profile – You can also delete existing profiles, and edit or create new ones.

This can be useful for those who work with multiple exchanges and banks for simplicity and speed.

These profiles will also be used for Telegram notifications.

Filters

Deposit, Minimum Spread, Asset, and Exchanges

The first four settings of the scanner are deposit, minimum spread, asset, and exchanges.

Here we specify our working deposit in the asset we intend to work with, as well as the exchanges from which we want to start or end our arbitrage.

The minimum spread is the minimum profit volume from one arbitrage in percentage terms. After setting this value, the scanner will only show arbitrage from the selected percentage of income.

Don't forget to match the selected asset with your deposit. There may be no arbitrage because you are trying to work with 1000 Bitcoins.

Currently, 10 exchanges are available: Binance, Bybit, Huobi, Garantex, OKX, Pexpay, KuCoin, HodlHodl, Kraken, and Gate.io.

Types of Arbitrage

Next, choose your arbitrage options.

There are three types of arbitrage in the scanner:

  1. Spot–Exchanger (two steps) On the first step, you buy a coin on the exchange; on the second step, you exchange the received coin back to the initial one through the exchanger.

  2. Exchanger–Spot (two steps) On the first step, you exchange the initial asset through the exchanger; on the second step, you sell the coin on the exchange for the initial asset. In this type of arbitrage, it is advisable to hedge the coin received from the exchanger.

  3. Spot–Exchanger–Spot (three steps) On the first step, you buy the first coin on the exchange for the chosen asset; on the second step, you swap this coin for the second one through the exchanger; finally, on the third step, you sell it, receiving the initial asset. In this type of arbitrage, it's advisable to hedge the coin received from the exchange.

To get the maximum number of arbitrage opportunities, we advise you to select all options.

Ignored Assets

The "Ignored Assets" feature (sending or receiving) allows you to specify assets that you prefer not to use in arbitrage when sending or receiving coins from an exchange.

Spot 1 and Spot 2

Here, you can select the type of order for buying or selling an asset on exchanges. The type of order you choose will determine the price at which the arbitrage opportunities will be sought.

Hedging

Hedging is necessary when dealing with networks that have long transfer times and when working with cryptocurrency pairs received from exchanges.

If the "Hedging" feature is activated, the arbitrage found will display links to futures pairs of assets. Please note that not every asset is available on the futures market.

If an asset is present on the futures markets, the scanner will provide the corresponding link.

Futures contracts for the asset may be available on either one exchange in the arbitrage or both.

With the "Hedging" function enabled, the scanner will only display arbitrages where at least one exchange offers a futures pair for this asset against USDT or the dollar. The futures pair is determined by the final step.

Exchanges

Ignore the Exchangers

The Scanner's work is to take information from exchange aggregators and compare the rates with those on centralized exchanges. Scanner collects the information about exchangers that aggregators provide.

The Scanner can sometimes have inaccuracies with rates. We are not able to verify all information provided to us by aggregators. Please check the rates carefully before making an exchange.

That's why we've added an ignore exchangers feature: you can select one or more and you won't see them in your search anymore.

Favorite Exchanges

In the "Favorite Exchangers" menu, you can select the exchanges you prefer to work with. Once chosen in this menu, they will be highlighted in orange when searching for arbitrage opportunities.

If you enable the "Favorites Only" feature, searches will be conducted among arbitrage opportunities that are only available through these exchanges.

They can also be added from the “Info” window of each individual arbitrage

Interface

Table of Values

After setting all filters and settings, we can start searching for arbitrage. Click on the "Refresh" button and a list of all arbitrage opportunities with your current settings will appear.

From left to right:

  • Spread – the amount of an asset that can be earned by making an arbitrage

  • Steps – a brief arbitrage instruction that shows the exchanges and assets used.

  • Rating of exchangers – shows the name of the exchange and its number of positive and negative reviews.

  • Info – pop-up window with detailed information on a particular arbitrage.

Info Pop-up Window

To get detailed information about your arbitrage, click on the Info button in the table.

The first section displays general information about the arbitrage: deposit, exchange spot commissions, spread, network transfer fee, required number of network confirmations, hedging possibility, and last update time.

The "Hedging" parameter indicates whether hedging is possible in the arbitrage (whether the necessary pairs exist in the futures market).

The "Quote" parameter shows the change in the asset's rate over the last 15 minutes.

The "Total" parameter displays the amount of the asset that can be received after the exchange at a specific step.

Spot purchase and sale commissions, as well as transfer fees, are automatically taken into account when calculating the spread.

To update the arbitrage information and verify the current displayed spread, you can use the refresh function in the top left corner of the Info window.

Exchanges provide the aggregator with their exchange rates at different times, and the aggregator updates the exchange rate data approximately every 15 seconds. Always check the exchange rates on exchanges before starting your work.

Telegram notifications

The biggest spreads in arbitrage occur in volatility situations and it is important to see arbitrage first. For this purpose, Arbitrage Scanner has the possibility to connect Telegram notifications, which will be sent to you as soon as arbitrage with your settings and filters appears.

The first thing you need to do to connect them is to set up the Profile you want to receive notifications on. To do this, create or go to an existing profile and set up all the filters you want to receive notifications on.

Next - go to the Notifications tab in the services dashboard.

Copy your personal access code to receive notifications (step 3) and specify which scanners and profiles you want to receive notifications from (step 4).

Go to the Telegram bot https://t.me/krak_notifications_bot, enter the /start command and give the bot your personal access code.

Done! Notifications are enabled. You can disable them with the /disable command. Enable them again with /enable

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