🚀 How someone made $160k last month from arbitrage 🚀
He used GPT-4 to write the system. Here's how he did it 🧵👇
Understanding arbitration:
The difference between prices on two platforms is called arbitrage.
- New tokens and pre-sales create high volatility, providing profit opportunities.
Automate arbitration with Chat GPT:
- My friend, not a developer but familiar with the prompts, automated this process.
- Anyone can create a refereeing bot using this method.
Types of arbitration:
1. dicks ⇆ sex
2. Direct implementation ⇆ Direct implementation
3. sex ⇆ sex
4. Complex models that include multiple DEXs or CEXs
Key events that create arbitrage opportunities:
- Lists
- Symbolic migrations
- Hacks
CEX - Arbitration at CEX
- Competitive because of market makers, but opportunities arise when their robots fail.
-Potential issues:
- Closed deposits/withdrawals
- Account blockage and funds freezing
- requirements:
- KYC verified accounts on major exchanges like Binance.
DEX - DEX Arbitration
-Challenge: MEV bots on a single network
- Strategy: Use DEXs with their own groups and bridges across networks
🚨 Remember, everything I provide is always an opinion and not investment advice
Your decision with your money is your decision alone
It is your personal responsibility whether you win or lose
