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Huge Arbitrage Oppty in Crypto (Patreon)

Published:
2023-05-09 15:17:24
Imported:
2023-05

Content

Arbitrage is the process of buying an asset in one market and selling it in another market for a profit. In the context of cryptocurrency, arbitrage refers to the buying and selling of cryptocurrencies on different exchanges in order to profit from price differences.

This is a massive 2.5% plus delta. 

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Comments

Anonymous

There is a reason for dicrepancy! Keep away from Binance!

Anonymous

should we sell arb?

Anonymous
>>108163554

I agree, if Binance goes under it’s gonna be devastating. However if could be good for Bitcoin.

Anonymous

Love when there is that. I usually do it to Crypto.com where everything is overpriced all the time.

Anonymous

$700 difference in price from Binance US to Swan. Swan is cheaper. Anybody have experience with Swan?

Anonymous

Binance is fine, the arbitrage is there because stable coins on binance are depegged at 2.5%. I saw this discrepancy on binance between Btc/usd and Btc/USDC but if you can’t get to coinbase to convert usd to USDC at 1:1 you can’t really keep taking advantage of this, I already sold all the Btc I hold on binance and purchased on coinbase but now it am stuck in usd on binance and would lose 2.5% if I convert to a stable coin on binance to transfer

Anonymous
>>108163715

overpriced all the time probably is due to really bad spreads, this isn’t an arbitrage opportunity

Anonymous

That's huge thanks!

Anonymous

Could there be a pair trade advantage here as well ?

Anonymous
>>108163715

Certain things it works with as long as transfer price is small enough. End up selling it for more.

Anonymous

has anyone done this successfully, i was able to 2 days ago, bought eth on kraken, sent to binance, after 15ish minutes sold for the 1.5% profit, however now it's stuck on binance because i can't find a stablecoin to send back to kraken since all the coins on binance us appear to be inflated from any other exchange from what i could tell. buying just a random coin to transfer back to kraken doesn't make sense because while you're waiting for the transfer what if the market dips, is there a stable coin option, sure you could withdrawal from bank maybe a wire and pay the $35 fee so i'm thinking that's the best option however i already had 2 of my checking accounts closed down because of crypto transactions so don't want a third bank shut down lol

Anonymous
>>108164023

same situation mate, sure you could do a wire transfer to your bank then wire transfer from bank to coin base that's all i can think of but not gunna lie all those wire transfers might flag the irs or homeland or something so don't really think that's a good idea lol, plus loss of funds in the process is always scary

Anonymous

already gone. what a shame

Anonymous

Exit scam

Anonymous

has anyone from the US been able to get a binance account using a VPN? I don't mean Biinance.us, they do a lot of kyc.

Anonymous

There has been a lot of smoke with Binance lately. There’s a fire there for sure. The big red flag was when they moved 1 billion dollars worth of their token out of wallet 8 after the FTX collapse in November 22 (wallet 8 is a customer deposits wallet). Their answer in reply was convoluted and obtuse word salad about how great their security is, and the funds were supposedly “corporate funds”. I would head for ze hills. Why would anyone trust Binance?