Crypto Arbitrage: reading the opportunity table

2 min read · What "Crypto Arbitrage" shows and three checks worth making before any opportunity.

Level:

Short version for experts: tables, lists and screenshots only.

Words in this lesson (6)

Spread — The difference between two prices. In the order book — between the best bid and the best ask. In arbitrage — between the price of the same asset on two venues.

Arbitrage — Making money on the price difference of the same thing in two places: buy where it's cheaper, sell where it's more expensive.

Opportunity (arbitrage pair) — A pair of trades in arbitrage: where we buy and where we sell.

Order book — The list of all buy and sell orders at every price at this very second.

Volume — How much money or how many units changed hands over a period. A move on high volume is more reliable than one on low volume.

Screener — A filtering program: it scans hundreds of stocks or coins and shows only those that match the given criteria.

What's on the screen

"Crypto Arbitrage" gathers all arbitrage opportunities into one table. Each row is an opportunity: where we buy, where we sell and what it gives us.

The "Crypto Arbitrage" switch is at the top right of the tab. When arbitrage is on, it keeps price and order book streams from six exchanges for every coin and recalculates opportunities in the background — a noticeable load on the computer and the internet connection (on the test computer ≈ 10% CPU versus 0.5% when off). If you don't trade arbitrage, turn it off: "Terminal", the order book, trading, "Breakout", "Bounce", stocks and self-learning keep working as before. The switch position is remembered after a restart. While the arbitrage auto-trader is running it can't be turned off — it needs live prices.

Before entering, check three things

Whether deposits and withdrawals of the coin are open on both exchanges. If withdrawals are closed, the spread may not converge for days.
Whether the order book is deep enough for your size — the net result is calculated for a specific amount.
Whether it's the same coin. Different coins sometimes share a ticker on different exchanges.

The zones on this tab are adjustable: header — drag, bottom edge — height, cross — hide. The selection thresholds are changed on the "Screener builder" tab.

↗ Open "Crypto Arbitrage" in MAMAY ↗ Screener builder in MAMAY

Crypto Arbitrage: reading the opportunity table

What's on the screen

Before entering, check three things

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