Arbitrage Opportunity Alert
An arbitrage opportunity has just popped up. This requires cross-exchange triangular arbitrage, which is quite an involved process, but there are real risk-free profits to be made here. Currently on the bithumb exchange the price of GALA is 24.35 KRW (South Korean Won) which is equivalent to 0.1902 BUSD, but on Binance the price of GALA is 0.1866 BUSD. This trade would involve buying GALA on Binance then selling it on bithumb and then exchanging KRW for BUSD to complete the transaction and secure the profit. If this trade is made multiple times with a decent amount of capital some nice profits could be made, especially considering there is a decent amount of liquidity on both exchanges for this trading pair.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.