Crypto arbitrage for trading.
As we all know, profitable arbitrage opportunities is the process of the the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms
in order to take advantage of differing prices for the same asset.
As a little reminder, the term "bid" means the highest price a buyer will pay to buy the stock at any given time and the term "ask" means the lowest price at which a seller will sell the stock.
We can play that game with Crypto using arbitrage API provided by Crypto Arbitrage on Rapid API,
to use it you need to get "your-api-key".
Python Knowledge Base: Make coding great again.
- Updated:
2024-12-20 by Andrey BRATUS, Senior Data Analyst.
Python code to monitor crypto profitable arbitrage:
Crypto profitable arbitrage output:
Now we can find cryptocurrency arbitrage opportunities in real-time across over 120 exchanges and 1400 pairs.
The script below detects the exchanges with the highest bid and lowest ask for the currency pair provided, you can allow trading fees (market taker fees from each exchange) to be considered.
You will get data on Arbitrage Profit: The return of a trade where the currency is bought from the exchange with the lowest ask and sold in the exchange with the highest bid.
If positive, an arbitrage opportunity has been detected.
Output data is in JSON format which can be easily converted to any suitable form for further visualisation and analysis,
crypto profitable arbitrage data will definetely help you to gain stable profitable market profits.
import requests
url = "https://crypto-arbitrage.p.rapidapi.com/crypto-arb"
querystring = {"pair":"BTC/USD","consider_fees":"False","selected_exchanges":"exmo cex bitstamp hitbtc"}
headers = {
"X-RapidAPI-Key": "your-api-key",
"X-RapidAPI-Host": "crypto-arbitrage.p.rapidapi.com"
}
response = requests.request("GET", url, headers=headers, params=querystring)
print(response.text)
{"arbitrage_profit": 0.0002322176788327468, "order_sell": {"exchange": "cex", "bid": 19813.6, "volume": 0.49653, "fees": 0, "datetime": "2022-10-14T06:09:06.000Z"}, "order_buy": {"exchange": "bitstamp", "ask": 19809.0, "volume": 9.48356142, "fees": 0, "datetime": "2022-10-14T06:09:00.658Z"}, "pair": "BTC/USD", "considered_exchanges": ["bitstamp", "cex"], "warning": "exchanges exmo hitbtc do not cover BTC/USD, possible exchanges are bitflyer southxchange itbit cex bitfinex bitstamp1 bitstamp bitmex lykke bitfinex2 kraken independentreserve gemini bitbay"}