BNB 60th launchpool mining - SCR pre-market trading arbitrage
The total mining income for this period is 413 SCR, but I bought another 1,700 SCR at the average price of 1.15U on Binance Exchange, and now the total number of SCR in my hand is 2,113. Every time I mine, I will sell the coins I earned and reinvest in BNB. I am not optimistic about the increase in SCR before the market this time, but while buying on Binance, I sold a total of 1,700 SCR in other exchanges at a price range of 1.23-1.6U.
Due to the problem of Binance Exchange's pre-market trading system, the purchase will be limited to sell, resulting in Binance's pre-market trading tokens being much lower than other exchanges. If the price difference is large and there are more U in hand, arbitrage can be carried out in each pre-market trading of Binance in the future.
Arbitrage profit calculation:
For example, if you buy 1000 SCR at 1.1U on Binance Exchange and sell 1000 SCR at 1.2U on other exchanges, the arbitrage profit is: (1.2-1.1)*1000=100U. For arbitrage of 1000 SCR, the total investment in the two exchanges is 2300U, and the handling fee is about 20U in the middle, so the net profit is 80U. Investing 2300U can earn 80U in one or two weeks. If there is a price difference between the tokens traded before the market in the future, arbitrage can still be done.
The 60th mining has ended, and many project parties are waiting to go online recently. The 61st mining will come soon. It’s still the same saying: "Hold BNB and let time accompany us to slowly become rich"
