Crypto Arbitrage – Part IV (More Arbitrage Bots) 

Yesterday we talked about a couple of Crypto Arb trading bots, CryptoHopper and Wundertrading…let’s cover a few more today. 

Pionex.US

Pionex.US is based in New Jersey, USA and currently offers trading services in 40 US states. They offer access to 191 different crypto trading pairs, and offer .1% fees. They can be contacted at pionex.us

They also offer 12 unique trading bots for free, and you can “follow” different public accounts. One of those bots is known as spot futures arbitrage bot and lets traders benefit from the differences in crypto spot prices and the current price in the futures market for a given pair. Customers can start trading with the bot for as low as 15-50% APR and at low risk.

The arbitrage opportunity for this bot arises from the need for traders to pay each other a funding rate. Accounts can invest in perpetual futures and buy the same amount in the spot market, thus hedging the total investment, but the account will still receive a funding rate by holding a short position.

How arbitrage trading bot works on Pionex:

Download the app. Install and open.

Click arbitrage bot. Select the target coin, leverage, and click on the drop-down menu to access the list sorted by the current funding rate.

Fill in the amount and click Create Bot. It will transfer some funds in the futures market and still open a position in the spot market. It will start the bot.

You can shut down the bot by clicking the Shut Down button.

Features:

Own exchange. No other exchanges are supported.

iOS and Android apps that allow bot management and manual trading. This also includes a web app.

In-built cryptocurrency exchange with an option for manual trading and different order types.

Pricing/cost: Bot usage is free. 0.05% maker and taker trading fees.

PixelPlex Crypto Arbitrage

PixelPlex is a global blockchain company distributed amongst several different countries, and one of their projects is an arbitrage bot engine.  They can be reached at pixelplex.io

PixelPlex integrates with Kraken, Bitfinex, Bittrex, Binance, and Coinbase.They offer the following arb services: 

Deterministic Arbitrage

Our crypto arbitrage bot enables clients to automate using a simple strategy of buying assets on one exchange at a lower price to sell them on another platform for profit.

Triangular Arbitrage

To facilitate the more sophisticated triangular arbitrage, our solution can detect discrepancies between three currency prices, either through the same exchange or across different platforms. You’ll be equipped with quote options and trading patterns to quickly boost funds.

Statistical Arbitrage

With our crypto bot at hand, you’ll be able to rely on statistical arbitrage to handle up to a hundred trades a minute. As a heavily quantitative method, it’s cut out for short-term deals other than regular investments. Yet, it can mitigate risks while maxing out gains.

Decentralized Arbitrage

Automate using a brand-new cyclic strategy via our crypto arbitrage bots that run on attack-resilient private smart contracts. Discover high-liquidity decentralized exchange pools where asset values are out of sync and execute a cyclic A for B, B for C, and C for A trade model.

Since the user has to maintain connections at their respective exchanges, this platform can be used in any country that they accept billing from. 

Bitsgap

Bitsgap is an Estonian-based bot site that offers bot trading as well as a “smart interface” that can hook together several different exchanges to its interface. 

Bitsgap supports arbitrage trading via APIs through which crypto exchanges are hooked to the bot. The arbitrage bot Bitcoin software does not have access to the withdrawal feature of connected exchanges.

That means once arbitrage to buy and sell trades across exchanges are completed by the bot, users must do manual rebalancing. The user can specify pairs to trade or just specify a single cryptocurrency (as many as they want) and the bot will do a smart search to find all combinations of crypto and arbitrage opportunities.

The user needs to have funds on the connected exchange to trade. On clicking the Trade button, the Binance crypto arbitrage bot sends a buy limit order to the connected exchange and sell order to a second exchange where an arbitrage opportunity is identified. It can also work and vice versa.

The rebalancing is done by manually transferring money from the buying exchange (connected to the bot) to the sell exchange to cover the cryptocurrency purchased by fiat. You also need to transfer the money received from the arbitrage trade to the bank account, which takes up to 5 days.

Pricing/cost: Starts at $24 or $29 per month paid in 6 or one month; $57 per month on the Advanced package; $123 per month on the PRO package.