Exchange Arbitrage only occurs when there is an opportunity to have two different prices on two exchanges. This can be very difficult in a highly volatile market and can be difficult to execute due to various factors such as withdrawal transaction times and volatility. For this demonstration, I will be making use of The Okex exchange and Huobi exchange.
The price of TRX/USDT on Huobi exchange is 0.096461 and will be selling the TRX on Okex at the price of 0.10100
To illustrate this;
Buy price of TRX on Huobi Exchange - 0.096461
Sell price of TRX on Okex Exchange – 0.10100
Bought 220.02 TRX on Huobi at an avg price of 0.095443
The cost of purchasing the TRX = 220.02 x 0.095443 = 21 USDT
After the trading fee of 0.44 TRX was charged, 219.58 TRX was left.
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After that, the next was to withdraw the TRX directly to Okex exchange. Withdrawal fee of 1TRX was charged and 218.58 TRX was sent to Okex exchange.
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I received the TRX on Okex exchange
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I placed a Sell trade 218.58 TRX of at price 0.10100
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218.58 x 0.10100 = 22.07658
Approx 22.077 USDT
The profit is 22.077 USDT – 21 USDT = 1.077
The profit value is 1.077 USDT
Gone are the days when this arbitrage paid a lot. Now it's yielding little to nothing, which is why I no longer show interest in it. Instead, I prefer to employ different tactics I observe on exchanges like bitget, such as dual investment, where it buys low and sells to maintain my profit intact.
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