Arbitrage opportunities are still common in digital money markets. This is because cryptocurrency exchanges are a black box for most people, so they don’t understand what’s really happening there.
A lot of high-frequency trading (HFT) and arbitrage bots live on the back of these issues. HFT firms provide liquidity to the market by submitting buy and sell orders to the exchanges. And because they are usually faster than human traders, they are able to buy at a cheaper price and sell at a higher price by the time any other trader is able to respond. The bots that you can see on websites like CoinMarketCap are frequently acting on behalf of these firms.
When you’re just trading for fun, this doesn’t make any difference. But when you’re trading with real money, it does. You should not let someone else profit from your mistakes if you can avoid it. That is why it’s important to use an arbitrage bot that is easy to use and gives you the best possible information.
However, not all bots do that. In fact, some of them fail to provide accurate information or fail to work at all. So choosing the right one is very important. In this article, we’ll discuss everything you need to know about using an arbitrage bot and give you the names of some good bots in the process.
The best one that works in JSON is Easy Arbitrage Bot in our opinion because it has most features like:
the ability to get data in JSON format;the ability to get data in CSV format;the ability to get data via HTTP request;the ability to get data via GET requests;the ability to get data via POST request;and many more!
More about Arbitrage Bots?
Arbitrage Bots allow you to monitor cryptocurrency exchange rates and discover arbitrage opportunities quickly and easily. They work by connecting to multiple exchanges and automatically making trades when prices diverge enough for profit.
There are several types of bots: Some just monitor prices and make trades automatically when they find an opportunity, while others do monitoring and trading simultaneously. The simplest way to get started with bots is by using one of those website APIs that makes arbitrage easier for everyone!
A few months ago any trader would tell you that trading using APIs was impossible and that a lot of effort was needed just to “predict” BTC value on cryptoexchanges through multiple APIs
Supporting over 120 exchanges and 1400 pairs, you will find arbitrage opportunities with this API.
To make use of it, you must first:
1- Go to Crypto Arbitrage API and simply click on the button “Subscribe for free” to start using the API.
2- After signing up in Zyla API Hub, you’ll be given your personal API key. Using this one-of-a-kind combination of numbers and letters, you’ll be able to use, connect, and manage APIs!
3- Employ the different API endpoints depending on what you are looking for.
4- Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.