Kraken

Crypto Arbitrage

Ang Beginner's Guide sa Crypto Arbitrage


Naisip mo ba kung bakit ang presyo ng bitcoin ay naiiba sa kada exchange? 

Maaaring hindi ito pangkaraniwan sa umpisa, ngunit ito ay karaniwang para sa anumang asset na nai-te-trade sa isang bukas, at pandaigdigang market. Halimbawa, nung tumaas ang Bitcoin sa all-time highs noong 2017, Ipinapakita ng data na $ 19,600 ang pinakamataas na presyo na nabayaran para sa cryptocurrency ng Kraken. 

Ang iba pang mga exchange ay nagpapakita ng iba't ibang mga price high, na sumasalamin sa kasaysayan ng kalakalan ng trading ng mga user, na may ilang mga presyo ng pagrekord na kasing taas ng $ 20,093. 

Ang mga Savvy trader, na kilala bilang arbitrage traders, alam kung paano gamitin ang mga maliliit na pagkakaiba sa presyo, at maaari nilang buksan ang isang potensyal na kita mula sa pagbili at pagbebenta ng parehong asset sa iba't ibang mga market.

Sa tradisyunal na finance, umiiral ang mga oportunidad sa arbitrage para sa mga security, mga commodity at mga currency na na-trade sa iba't-ibang mga global market. (Ang presyo ng isang stock ay maaaring magkakaiba sa pagitan ng New York Stock Exchange, ang Tokyo Stock Exchange at ang Bombay Stock Exchange.)

Sa cryptocurrency, ang mga trader ay nakakahanap ng mga opotunidad sa pag-arbitrage sa pamamagitan ng pagbili at pagbenta ng mga crypto asset sa iba't ibang mga exchange, at hinahayaan silang i-capitalize ito sa ibang mga presyo para sa parehong asset.

Kung gagawin natin ang December 2017 all-time high bilang halimbawa sa pag-arbitrage, ang mga bitcoin arbitrage trader ang nakabili sanang 1 BTC sa Kraken, nilipat ito sa ibang exchange na may ibang presyo ng pagbenta, at maaaring naging potensyal na kita batay price variance, bawas ang mga bayarin.

Syempre, ang mga nais na lumahok sa arbitrage trading ay dapat na mag-tread ng dahan-dahan: ang mga transaction cost at mga bayarin sa exchange ay maaaring maging negatibo para sa mga gain na nagawa ng mga trade na ito.
 

Crypto Arbitrage Bitcoin Prices


Crypto Arbitrage at ang Batas

Since arbitrage seems like a simple way to turn a potential profit, it is fair to ask yourself: is arbitrage legal? In most countries around the world, crypto arbitrage trading is perfectly legal as it contributes to market efficiency. 

Once a crypto arbitrage trader has completed their trade, they will inevitably bring additional traders to the market who are hoping to exploit the same price difference, which will eventually lead to the asset’s price to become more balanced across markets.

However, there are exceptions. You should read up on your local laws before participating in cryptocurrency or bitcoin arbitrage trading. 

When in doubt, always consult a local lawyer or accountant before proceeding.
 

What is Crypto Arbitrage?


With Bitcoin’s high fees and often slow transfer times, bitcoin arbitrage traders have pivoted to more efficient options across cryptocurrency markets. 

Kraken, for example, offers over 150 trading pairs, so, depending on the price of crypto assets across different markets, crypto arbitrage traders can exchange certain cryptocurrencies for others, or for more stable fiat currencies. 

Through a single exchange like Kraken, you can participate in triangular arbitrage trading, which involves spotting the price differences between three cryptocurrencies on the exchange. For example, you can purchase XLM with BTC, sell XLM to ETH, and convert ETH back to BTC.

Arbitrage in Decentralized Finance

The rise of decentralized finance (DeFi) has brought about the creation of decentralized exchanges, such as Uniswap, Balancer and Curve, a type of exchange operated by a global network of computers rather than a central operator. 

Most decentralized exchanges, rather than maintaining a central order book where buyers and sellers can place orders, use a collection of liquidity pools, where the crypto asset price is dependent on those who provide liquidity to the pools. 

When used in conjunction with a crypto exchange like Kraken, traders are able to spot arbitrage opportunities in pools that experience a price slippage due to large transactions.

Arbitrage Considerations

If it is your first foray into arbitrage trading, there are a few things you may need to take into consideration: 

  • Fees – It is important to consider fees in your trading equation, as they can negate any potential profits. For example, fees on Kraken range from 0.1% to 0.26%, so, you may want to avoid arbitrage differences lower than 0.30%.
  • Volume – The higher the trading volume on a cryptocurrency, the higher the liquidity of that coin, which increases the probability of your trades being executed. 
  • Avoiding Slippage – Price slippage occurs when you get a different price than expected on an entry or exit from a trade. Thus, extensive research and perfect timing of the market becomes a crucial component of arbitrage trading.

Simulan ang pagbili ng Cryptocurrencies


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Handa ka na ngayong gawin ang susunod na hakbang at bumili ng ilang cryptocurrencies!

 

Bumili ng Crypto


Mga Makabuluhang Crypto Arbitrage Resource

Looking to learn what decentralized exchanges may help you find different cryptocurrency arbitrage opportunities? Head on over to Kraken’s Learn Center for a deeper dive into protocols like Kyber Network, Uniswap or SushiSwap

If you are interested in learning more about the different cryptocurrencies, you can visit Kraken’s “Types of Cryptocurrencies” page. 

Finally, if you want to spot additional opportunities, you can bookmark Kraken’s price page, which allows you to follow the state of the cryptocurrency market.