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How My Friend Made $160,000 Last Month from Arbitrage 🚀
He used GPT-4 to develop the system. Here’s how he did it 🧵👇

Understanding Arbitrage:
- Arbitrage involves profiting from price differences between two platforms.
- New tokens and presales create high volatility, offering profit opportunities.

Automating Arbitrage with GPT-4:
- My friend, not a developer but skilled with prompts, automated this process.
- Anyone can create an arbitrage bot using this method.

Types of Arbitrage:
1. DEX ⇆ CEX
2. DEX ⇆ DEX
3. CEX ⇆ CEX
4. Complex forms involving multiple DEXs or CEXs

Key Events Creating Arbitrage Opportunities:
- Listings
- Token migrations
- Hacks

CEX - CEX Arbitrage:
- Competitive due to market makers, but opportunities arise when their bots fail.
- Potential Issues:
- Closed deposits/withdrawals
- Account blockage and frozen funds
- Requirement:
- Verified KYC accounts on major exchanges like Binance.

DEX - DEX Arbitrage:
- Challenge: MEV bots on one network
- Strategy: Use DEXs with their own pools and bridges across networks
- Steps:
- Get API from DEXs
- Use GPT-4 to create a structure covering each DEX and bridge
- Prepare trading logic (e.g., buy on DEX1, bridge, sell on DEX2)
- Potential Issues:
- Lack of liquidity
- Token migration
- High slippage
- Preparation:
- Deposit native tokens to popular networks (Solana, Ethereum, Base, Arbitrum, Optimism, BSC)
- Pre-approve protocols to expedite transactions

DEX - CEX Arbitrage:
- Scenario: Price discrepancies between DEXs and CEXs
- Example: An Indian exchange hack caused a 5% spread between DEXs and CEXs for FLOKI and PEPE.
- **Action:** Combine scripts from previous parts into one cohesive program

Final Thoughts:
- This thread covers only the basics.
- To succeed:
- Dive deep into protocols and possible routes
- Research thoroughly
- The hard work will yield incredible rewards.

#arbitragebot #CryptoTrading #Blockchain #DeFi

👋 Exciting news for Binance Futures traders! To celebrate the launch of our new Funding Rate Arbitrage Bot, we're offering a special promotion. Here’s how you can earn an extra 20% on your funding profits:

📅 Promotion Period: From 2024-06-27 11:30:00 (UTC) to 2024-07-11 11:30:00 (UTC).

🎁 Promotion Details: Register for the promotion and set up a Funding Rate Arbitrage Bot to run for at least 72 hours during this period. Eligible users can share from a 50,000 USDT pool on a first-come, first-served basis. The bonus is capped at 50 USDT per user.

💡 How to Participate:
1️⃣ Log in to your Binance Futures account or sign up if you haven't already.
2️⃣ Click on “Register for the Promotion Now” on the activity page.
3️⃣ Create at least one Funding Rate Arbitrage Strategy and let it run for at least 72 hours.

🤖 How It Works: The Arbitrage Bot helps you earn funding fees by opening a position on perpetual futures and hedging it with an opposite position on the same symbol in the spot market.

Stay tuned for more crypto sights! 👍

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#arbitragebot #USDT