If you are interested in trading cryptocurrencies, then this article is tailored for you. As a highly volatile digital currency, Bitcoin experiences frequent ups and downs. While this volatility poses a risk compared to other financial markets, it also presents significant profit-making opportunities when strategically approached.
To reduce risks in cryptocurrency trading, one of the most effective methods is to employ trading bots, especially the top-performing crypto arbitrage bots. In this article, we will explore the leading crypto arbitrage bots for Bitcoin, Ethereum, and other cryptocurrencies in 2023. We will provide insights on how these bots can help you manage risks more efficiently than manual trading.
- Farrench AI Bot
Farrench AI Bot is a US-based financial services company that specializes in high-frequency and algorithmic trading and also operates as a platform for professional quantitative strategy traders. Farrench’s quantitative trading strategy, developed in 2020, has demonstrated outstanding performance in real-world market applications. In 2023, Farrench aims to secure funding and restructure to launch its flagship product, the Farrench AI Bot high-frequency quantitative strategy.
The Farrench AI Bot is a top-ranking digital currency that utilizes fully automatic AI technology for quantitative trading. It works seamlessly with mainstream digital currency platforms and does not require any manual intervention. Its advanced core algorithms and intelligent quantitative technology, combined with cloud-based big data computing, enable it to execute trades in just 0.05 seconds, while eliminating the emotional stress and fatigue that often accompany market watching. This makes it a top choice among quantitative trading products and a convenient way to earn money.
The Farrench AI Bot employs various algorithms and techniques to adapt to both bullish and bearish market conditions. In bullish markets, it uses tracking stop profit technology, continuous monitoring, and 24-hour market analysis to sell at the peak of profits, capturing the maximum gains during a bullish market. In bearish markets, the Farrench AI Bot safeguards customer assets and generates stable profits by monitoring market trends, avoiding trades in a downward market, or short selling to take advantage of the market.
Pros:
Secure Funds: The Farrench AI Bot operates through the API interface provided by the exchange, ensuring that funds remain in the user’s account and cannot be touched. It only has the ability to buy and sell, not withdraw funds.
Fully Automatic Execution: Operating 24/7 on cloud servers, Farrench AI Bot trades automatically after initializing the set parameters and will buy or sell based on pre-determined conditions, eliminating the need for constant market monitoring and yielding a daily income of 2–3%.
Trading Strategy and Position Allocation: Farrench AI Bot offers a range of built-in trading strategies, from conservative to aggressive, to cater to various risk levels. It intelligently allocates positions and conditions of each trade, implementing the trading strategy and adjusting accordingly with real-time data.
Multiple Trading Variety Monitoring: Farrench AI Bot can monitor multiple currencies and execute strategies simultaneously, with independent threads for each variety, ensuring prompt trade execution.
Easy to Use: With just one click, users can set parameters, choose strategies, and start trading, making it easy for even novice digital asset traders.
Emotion-Free Trading: Farrench AI Bot makes impartial, objective trading decisions and avoids the influence of subjective emotions. It will not trade or close positions if set conditions are not met.
Cons:
The sole accepted deposit currency is USDT.
No prior knowledge of cryptocurrency trading is required.
The Farrench AI Bot promises a consistent daily income by harnessing the power of AI quantitative trading. Simply deposit funds into the bot and let it generate passive income for you hands-free. Consider giving the Farrench AI trading bot a try for a hassle-free way to grow your investment portfolio.
2 Coinrule
Price:
· Starter plan: free forever
· Hobbyist plan: $39.99/month paid monthly or $29.99/month paid annually
· Trader plan: $79.99/month paid monthly or $59.99/month paid annually
· Pro plan: $499.99/month paid monthly or $449.99/month paid annually
Founded in 2017, Coinrule has grown a solid trader user base making profits through crypto arbitrage. Coinrule’s bot offers over 150 premade rules or strategies to choose from. However, you can still create your own strategies, even if you’re a beginner!
Pros
· Solid user-friendly interface
· Free sign up and free forever basic plan
· Compatible with 11 exchanges
· 150+ premade strategies and flexibility to create your own
Cons
· Highest tier is wildly expensive
· Doesn’t have as many features as other competitors
3 Trality
Price:
· Pawn plan: Free forever
· Knight plan: €9.99/month paid monthly or €95/year
· Rook plan: €39.99/month paid monthly or €383/year
· Queen plan: €59.99/month paid monthly or €575/year
Founded in 2019, Australia-based Trality offers its arbitrage bot to users worldwide. This platform offers one of the best experiences for traders who want to build their own strategies and bots, thanks to its drag-and-drop functionality. Even beginners can customize their bots without coding knowledge. However, advanced users can use Trality’s browser-based code editor (using Python).
Pros
· End-to-end encrypted trading strategies
· Live trading (cloud-based)
· Drag-and-drop strategies and indicators; no coding knowledge necessary
· Ability to choose between using the code editor or rule builder to build a bot
Cons
· Could use more exchanges
· No mobile app
4 Bitsgap
Price: 7-day free trial, then (VAT exclusive):
· Basic plan: $29/month paid monthly or $24/month paid every 6 months
· Advanced plan: $69/month paid monthly or $57/month paid every 6 months
· Pro plan: $149/month paid monthly or $123/month paid every 6 months
Bitsgap is an excellent bot for users of every level. A stand-out feature is its support for many exchange platforms, including some of the most popular worldwide.
You can also use Bitsgap to track and analyze over 10,000 pairs of cryptocurrency. Bitsgap’s cloud-based bot automatically detects the coins with the best potential gains, making it easier for users all around.
Pros
· Tons of supported payment methods
· One of the bots with the most supported exchanges (15+)
· Simple to use with plenty of functions and features
Cons
· No free forever plan
5 3Commas
Price:
· Free forever plan
· Starter plan: $29/month paid monthly or $14.50/month
· Advanced plan: $49/month paid monthly or $24.50/month
· Pro plan: monthly $99/month or $49.50/month paid
· Enterprise plans available
As an arbitrage bot, 3Commas does an outstanding job at helping its users increase their profit while mitigating risk and minimizing losses. It allows users to trade 24/7, making it possible to make a profit around the clock. 3Commas also makes trading easier by allowing users to copy the settings of other crypto trading bots. Additionally, users can choose to receive their notifications through the mobile app, web app, emails, or in the browser.
Keep in mind that 3Commas is best suited for experienced users. The steep learning curve makes it challenging for beginners.
Pros
· Supports 18 exchanges
· Affordable
· Clean and user-friendly UI
Cons
· Steep learning curve; not for newbies
Crypto arbitrage refers to the buying and selling of cryptocurrencies on different exchanges to profit from the price differences. There are several strategies that traders use to achieve this, including:
Cross-exchange arbitrage: buying crypto on an exchange with a lower price and selling it on another exchange with a higher price.
Triangular arbitrage: exploiting price differences between two cryptocurrencies by trading one for the other and selling it for a profit.
Spatial arbitrage: buying crypto from an exchange with lower prices in one location and selling it on an exchange with higher prices in another location.
Spatial arbitrage without asset transferring: a variation of spatial arbitrage without the need for transferring assets, avoiding transfer times and fees.
Decentralized exchange arbitrage: using smart contracts on decentralized exchanges to trade crypto.
Statistical arbitrage: using mathematical models and statistical techniques for trading crypto for profit.
Spread arbitrage: relying on price spreads between exchanges when buying and selling assets.
Crypto arbitrage bots can make trading more profitable and reduce risk, but choosing the right bot for your skill level and budget is key. It’s advisable to conduct thorough research and consider taking blockchain courses to gain a better understanding of the field. If you’re interested in pursuing a career in crypto, consider learning as much as you can about the industry.
6 Pionex
Price:
· A crypto arbitrage bot free of charge
· 0.05% maker/taker trading fee
Headquartered in Singapore, Pionex is known for automated trading. Thus, many interested beginners flock to the platform. You can find plenty of tutorials on this easy-to-use platform to learn how to use the bots and how automated trading works.
If you don’t want to spend money on a crypto arbitrage bot, give Pionex a try. This platform provides over 16 trading bots for free, including its arbitrage bot.
Pros
· Allows users to buy low and sell high within a particular price range
· Enables users to make lower-risk passive income
· Allows deposits or withdrawals from your bank account and trading with USD
Cons
· Doesn’t allow custom trading strategies
Price: 100% free, including bot usage
If you’re an arbitrage beginner, there’s no better place to go than MultiTrader.io. This platform’s specialty is arbitrage crypto trading, so the bot is finely tuned to the process. Like Pionex, MultiTrader.io offers its bots entirely for free.
This BTC arbitrage bot works for Bitcoin but also monitors 90 other currencies across various exchanges. It uses spread trading, cross-exchange arbitrage, and auto-rebalancing strategies.
Pros
· 100% free
· Plenty of helpful articles for beginners
· Efficient arbitrage strategies
· Advanced automated trading services
Cons
· Customer support can be quite slow
· Could support more exchanges
8 Cryptohopper
Price:
· Pioneer plan: free forever (20 positions, manual trading, portfolio management, all available exchanges)
· 7-day free trial, then:
· Explorer: $19/month paid monthly or $16.58 paid annually
· Adventurer: $49/month paid monthly or $41.58 paid annually
· Hero: $99/month paid monthly or $83.25 paid annually
Not only is Cryptohopper an arbitrage bot, but it is also an app for trader portfolio management. This platform supports the management and trading of more than 100 cryptocurrencies. Through artificial intelligence, Cryptohopper allows users to copy trades from other users or from other crypto arbitrage software.
For your assets’ safety and security, this bot allows you to connect with exchanges through unique API keys.
Pros
· Pioneer plan is free forever
· Trading permitted on all exchanges, even with the free forever plan
· Plenty of payment options
· Secure with API keys
Cons
· Website can be laggy
· Limited technical support