The reason you don’t find arbitrage opportunities looking at the values in between blocks is because they are closed in the same block they are created. People listen for pending transactions, calculate the price change and attempt to slot a transaction behind that transaction in the same block. The reason you get some values with crazy % is because either the token has a fee on transfer or they are stopping bots by restricting the forward address.
@@henriquematias1986 just that there is some sort of restriction where it works running as a call/simulation but if you actually tried to execute it would revert. In the past I’ve seen restriction on chained swaps so you can only directly swap the pair.
@@henriquematias1986 in the transfer method of the token black listed sender addresses assigned to adjacent pools where it works in sim but if it’s a real tx it reverts in the most expensive way to protest bots.
But how it can be 176% profit on the $1 and -45% loss in the $100 ? Aren’t they the same ? Like if you do the $1 arbitrage 100 times you will get 176% profit , but not $100 in one single trade? Can you explain this to me?
These profits take into account the very fringes of the book where depth is light, eg there is only $1 worth of token you can take through the whole trade - and you have to take into account the depth all the way through. I wrote an arb bot on binance in like 2019 and it was hell.
Would be interesting to see this on other chains with very low fees such as BSC. Id be more interested in that more than using it on Ethereum. Its a great tool. Thank you
@@CryptoWizards Have you ever looked into cross chain arbitrage? I imagine it would be very complex to code but with the interoperability of 2 or more chains there could be some great opportunities. Just an idea lol
8:19 it would be useful more if the fee factor in each trade and its accumulative affect is plugged into the system to calculate the net profit&profit%
so are you telling me the first arbitrage option gives you 169% profit. It would be great if you could show this in real time while you swap on uniswap. And how about eth gas fees?It would eat up all profits?Also how about changes that would happen while you are swapping the tokens because it takes time to swap them. Do you also have this for quickswap and pancakeswap?Why i ask is because of the lower gas fees and way faster transaction.
Good stuff... so, on the first arb trade you showed - on a dollar, it was the highest % trade... but when you scale up in trade amount you wind up losing... can you place many multiple trades at the dollar amount in order to maximize total return? lIke instead of a $10 trade you do 10 x $1 trades?
GREAT Question! I don't believe so, but worth checking on the AMM. I know on a centralised order book, it would make no difference. What I may start doing is automating a $10 equivalent check. I found one that turned $10 into $30 but no more.
They can be done manually, in fact if new to this I would suggest being cautious and doing things manually. However, you are unlikely to find the opportunities now on CW due to the size of competition.
For someone that looms at this and possibly integrate this with FuruCombo which allows you to with block flow style set up an Arb pathway such that it all gets done in one smart contract would be awesome. Plus you can add a flashloan to it gevin gas fees could be accounted for.
Really cool thought re Furucombo. I've been wanting to spend time in that arena for a while now. Do you know if there are any other "Furucombo" type services out there for low fee blockchains or level 2's?
@@CryptoWizards After this comments i went and had a look you can select the network you want to look at like Pologon etc. But the amount of integration is a bit less on them in terms of the DEXs.
I'm further along a very similar road and I'm running a similar bot already. While paying higher gas fees gets your transaction mined in the next block, it doesn't get your transaction processed early within that block. There can be hundreds in front of it. For me, this is the biggest problem in making consistent passive income from such a system. Happy to discuss any answers anyone might have to that issue.
Yeah really good point. It seems that when doing automation, the name of the game is in spotting transactions before they happen and reacting accordingly.
@@CryptoWizards Very true. Today I've been in discovery mode and many of the "solutions" are about running your own mining operation or front-running transactions. To be honest though, if running legitimate operations to facilitate the equilibrium of defi comes down to mining and what is effectively hacking, I actually fear for the future of the mainstream adoption of blockchain. This is an issue that needs sorted for countless use cases.
Highly underrated channel
Was great to read this. Thanks so much Steve!
The reason you don’t find arbitrage opportunities looking at the values in between blocks is because they are closed in the same block they are created. People listen for pending transactions, calculate the price change and attempt to slot a transaction behind that transaction in the same block. The reason you get some values with crazy % is because either the token has a fee on transfer or they are stopping bots by restricting the forward address.
What you you mean by restricting forward address?
@@henriquematias1986 just that there is some sort of restriction where it works running as a call/simulation but if you actually tried to execute it would revert. In the past I’ve seen restriction on chained swaps so you can only directly swap the pair.
@@henriquematias1986 in the transfer method of the token black listed sender addresses assigned to adjacent pools where it works in sim but if it’s a real tx it reverts in the most expensive way to protest bots.
If this was on pancakes swap or trader Joe's with lower gas fees, then it will be awesome. Still great information. Thanks for all the hard work
I never heard of Trader Joes until reading this. Thank you!
Seems the capital is only working to make profit when capital is 1～30 USDT，and what is use of this software？
But how it can be 176% profit on the $1 and -45% loss in the $100 ? Aren’t they the same ? Like if you do the $1 arbitrage 100 times you will get 176% profit , but not $100 in one single trade? Can you explain this to me?
No, you need to take into account market depth to calculate true profit.
when we swap a small liquidity pool a large amount of number will affect the price and turn into a loss.
These profits take into account the very fringes of the book where depth is light, eg there is only $1 worth of token you can take through the whole trade - and you have to take into account the depth all the way through. I wrote an arb bot on binance in like 2019 and it was hell.
Would be interesting to see this on other chains with very low fees such as BSC. Id be more interested in that more than using it on Ethereum. Its a great tool. Thank you
Great feedback - thank you.
@@CryptoWizards Have you ever looked into cross chain arbitrage? I imagine it would be very complex to code but with the interoperability of 2 or more chains there could be some great opportunities. Just an idea lol
@@stickii2131 Great idea though. Many people won't bother checking that. Meaning there still might be opportunities
Why would the size of the trade have an impact on the percentage return?
This is due to liquidity. When you eat away at supply, you impact price.
I would use this tool to find high depth/low return arbitrage paths. 1% on $100 is still better than 50% on $1
Agreed. That makes a lot of sense.
8:19 it would be useful more if the fee factor in each trade and its accumulative affect is plugged into the system to calculate the net profit&profit%
Also if the ability to add or remove coins by urself is available along with number of exchanges....as commission is diff on diff exchanges
Great suggestions!
Please put it in .its awesome
Is this feature on the website? So when I buy a subscription do I get access to this?
could you please show us how did you build this bot?
so are you telling me the first arbitrage option gives you 169% profit. It would be great if you could show this in real time while you swap on uniswap. And how about eth gas fees?It would eat up all profits?Also how about changes that would happen while you are swapping the tokens because it takes time to swap them.
Do you also have this for quickswap and pancakeswap?Why i ask is because of the lower gas fees and way faster transaction.
Great work . Amazing tool . Would love to give it a try to differents defi dexs
Agreed. Definitely going to look at this shortly.
This would be great to see how it went on the new SongBird and Flare Networks.
Awesome idea!
Good stuff... so, on the first arb trade you showed - on a dollar, it was the highest % trade... but when you scale up in trade amount you wind up losing... can you place many multiple trades at the dollar amount in order to maximize total return? lIke instead of a $10 trade you do 10 x $1 trades?
GREAT Question! I don't believe so, but worth checking on the AMM. I know on a centralised order book, it would make no difference. What I may start doing is automating a $10 equivalent check. I found one that turned $10 into $30 but no more.
is there any scanner that we can use to spot trangular arbitrage opportunity without coding? we just input the parameter we want
Let me take a look, can you let me know what kind of parameters you would be looking to put in?
@@CryptoWizards for example profit at least 10% not include spread, or transaction fee...prefer at the same exchange, thank you for your response
hi how to payment?
Hello Crypto Wizards , I like your content but I have a question , can we do these 3 transactions manually ? or do we need a bot to perform it ?
They can be done manually, in fact if new to this I would suggest being cautious and doing things manually. However, you are unlikely to find the opportunities now on CW due to the size of competition.
looks awesome man, is this still available for use? and is it only made for uniswap v3?
It's morphing all the time. I'm working on a new version right now.
For someone that looms at this and possibly integrate this with FuruCombo which allows you to with block flow style set up an Arb pathway such that it all gets done in one smart contract would be awesome. Plus you can add a flashloan to it gevin gas fees could be accounted for.
Really cool thought re Furucombo. I've been wanting to spend time in that arena for a while now. Do you know if there are any other "Furucombo" type services out there for low fee blockchains or level 2's?
@@CryptoWizards
After this comments i went and had a look you can select the network you want to look at like Pologon etc. But the amount of integration is a bit less on them in terms of the DEXs.
I'm further along a very similar road and I'm running a similar bot already. While paying higher gas fees gets your transaction mined in the next block, it doesn't get your transaction processed early within that block. There can be hundreds in front of it. For me, this is the biggest problem in making consistent passive income from such a system. Happy to discuss any answers anyone might have to that issue.
Yeah really good point. It seems that when doing automation, the name of the game is in spotting transactions before they happen and reacting accordingly.
@@CryptoWizards Very true. Today I've been in discovery mode and many of the "solutions" are about running your own mining operation or front-running transactions. To be honest though, if running legitimate operations to facilitate the equilibrium of defi comes down to mining and what is effectively hacking, I actually fear for the future of the mainstream adoption of blockchain. This is an issue that needs sorted for countless use cases.
Business cooperation
What do you mean?
Good try