What is an arbitrage bot

Arbitrage is the purchase and sale of an asset in order to profit from a difference in the asset's price between markets. It is a trade that profits by exploiting the price differences of identical or similar financial instruments in different markets or in different forms. Arbitrage exists as a result of market inefficiencies and would therefore not exist if all markets were perfectly efficient. Arbitrage occurs when a security is purchased in one market and simultaneously sold in another market at a higher price, thus considered to be risk-free profit for the trader.

The arbitrage module takes into account the fees of each exchange when proceeding with a trade to ensure that a profit is made, so it is necessary to make sure that enough balance is held on your account. There needs to be a certain amount of Quote currency and Base currency on each respective exchange being used with the Arbitrage module. To start trading just create a new bot and choose your desired spread or the difference between the two exchanges then save your bot. Your saved bot should appear at the arbitrage page of your account.