Transfers between exchanges and whitelists
Level:
Short version for experts: tables, lists and screenshots only.
Words in this lesson (7)
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.
Spot — Ordinary buying and selling of the coin or stock itself: you buy it — it's yours.
Screener — A filtering program: it scans hundreds of stocks or coins and shows only those that match the given criteria.
Fee — What you pay the exchange for every trade — both on entry and on exit.
DEMO — The DEMO account in MAMAY: prices and fees are real, orders don't go to the exchange, and no real money is at risk.
When a transfer is needed
Some opportunities require the coin to physically travel from exchange to exchange: bought on exchange A, transferred to exchange B, sold there higher. In the screener this is called "spot rebalancing".
The difference from a regular opportunity: while the coin is in transit, you're not protected from price changes unless you opened the second leg in advance. So rebalancing is a riskier setup.
What to check before a transfer
- The network. A coin can travel over several networks. The same one must be selected on both exchanges, otherwise the coins will be lost.
- Deposits and withdrawals are open on both exchanges on exactly this network.
- The network fee and the minimum withdrawal amount.
- Time. How many network confirmations the receiving exchange waits for. Ten minutes in transit is ten minutes during which the spread can disappear.
- The memo (tag) — for some coins the transfer won't be credited without it.
How MAMAY's protection works
- A real withdrawal is possible only to a whitelisted address — your own wallet on another exchange.
- Addresses are added in the exchange account and confirmed with codes once, by hand. MAMAY doesn't enter or ask for codes.
- The "Withdrawal setup" tab walks you through step by step: which addresses are needed and on which exchanges they're already confirmed.
- Real transfers are enabled by a separate switch and only in REAL mode. It's off by default.
The "Transfers" tab
It shows how capital moves between exchanges: manual transfers and automatic balancing. The point of balancing is simple: for arbitrage, money must sit where the opportunity appears. If all your capital is on one exchange, there's nothing to open the second leg with.
Practice rebalancing in DEMO first. For real — only with a small amount, and only after you've gone through the whole path by hand once and understood every step.