Best 5 Crypto arbitrage bot that make passive income 2023
Cryptocurrency arbitrage involves purchasing cryptocurrencies on one exchange and then selling them on another exchange for a profit. The goal of this strategy is to capitalize on the variations in the value of crypto coins between different exchanges.
Compared to other trading methods that require technical analysis, arbitrage is a straightforward approach to trading cryptocurrencies. Additionally, due to the volatility of cryptocurrency markets, it is considered one of the most effective trading strategies.
While there are many Crypto Arbitrage Exchange Bots available in the market, selecting the best one can be challenging. The following is a curated list of the top Crypto arbitrage bots, complete with their popular features and website links.
Farrench
Farrench is a US-based financial services company specializing in high-frequency and algorithmic trading. It also serves as a platform for a community of professional quantitative strategists. The company’s quantitative trading strategy was developed in 2020 and has demonstrated impressive results in real-world market applications. Farrench plans to secure funding and restructure in 2023 to launch its flagship product, the Farrench AI Bot high-frequency quantitative strategy.
The Farrench AI Bot is a highly ranked digital currency that utilizes fully automated AI technology for quantitative trading. It seamlessly integrates with mainstream digital currency platforms and operates without any manual intervention. Its advanced core algorithms and intelligent quantitative technology, along with cloud-based big data computing, enable it to execute trades in just 0.05 seconds while eliminating the emotional stress and fatigue often associated with market watching. This makes it a top choice among quantitative trading products and a convenient way to earn money.
The Farrench AI Bot utilizes a range of algorithms and techniques to adapt to both bullish and bearish market conditions. During bullish markets, the Farrench AI Bot uses tracking stop profit technology, continuous monitoring, and 24-hour market analysis to sell at the peak of profits, capturing maximum gains. During 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:
Farrench AI Bot operates through the API interface provided by the exchange, ensuring that funds remain in the user’s account and cannot be accessed by the bot. The bot only has the ability to buy and sell, not to withdraw funds.
Fully Automatic Execution:
Farrench AI Bot trades automatically 24/7 on cloud servers, based on predetermined conditions set by the user. This eliminates the need for constant market monitoring and yields a daily income of 2–3%.
Trading Strategy and Position Allocation:
Farrench AI Bot offers a range of built-in trading strategies to cater to various risk levels, and it intelligently allocates positions and conditions of each trade based on 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 only trade or close positions if set conditions are met.
High Potential Returns:
By utilizing AI quantitative trading, Farrench AI Bot promises consistent daily income, and users can potentially double their money within a month.
Cons
Limited Deposit Options:
The Farrench AI Bot only accepts USDT as a deposit currency.
No Prior Knowledge Required:
While this may be an advantage for some users, the lack of a learning curve may deter experienced traders looking to expand their skills.
3Commas — Best for traders on a budget
3Commas is one of the top 3 leading crypto bots on the market. Packed full of features from Smart & Copy trading, to the infamous 1-click copy bots, a 3Commas arbitrage bot will help traders who are low on funds and time accumulate crypto consistently.
Features:
· Bot templates and strategies via the marketplace
· Cloud platform
· User-friendly interface
· Responsive customer support
· Wide range of automated bots
· Well-explained knowledge base and FAQs
· Launch your first DCA bot for free!
Easy set up
Quickly access to templates
Bots are always up and running via the cloud
Deploy any strategy with the wide selection of bots
Get any help, anytime via the sophisticated knowledge base and support team
Dashboard can seem overwhelming at first with all the features and data
Subscription-based (with a fully-fledged free version)
Types of Bots: DCA Bot, HODL Bot, Options Bot, GRID Bot, SmartTrades
Mobile Apps: iOS & Android
Exchanges: Binance, OKX, KuCoin, Coinbase Pro (GDAX), Binance TR, Binance US, BitMEX, Bitfinex, Bitstamp, Bittrex, Bybit, Crypto.com, Deribit, Gate.io, Gemini, Huobi, Kraken
Free Trial: Lifetime Free Basic Plan
Pionex — Best for Crypto Trading arbitrage platform for Beginners and Advanced Users
Pionex is a crypto exchange bot that offers free built-in cryptocurrency arbitrage trading bots. This Bitcoin arbitrage bot aggregates the liquidity from Huobi Global and Binance, the biggest Binance brokers. The crypto trading fee of this bot is 0.05% for the maker and taker.
Features:
· Pionex provides more than 16 free trading bots for retail investors.
· Leveraged Grid Bot offers up to 5x leverage.
· This Crypto Arbitrage bot allows crypto investors to make passive income with low risk.
· The trading fees of Pionex are the lowest compared to most of the major exchanges.
· Pionex offers an intelligent Trade terminal that allows you to set up stop-loss, take profit, and trail in a single trade.
This crypto arbitrage bot allows you to buy at a low price and sell at a high price in a specific price range.
This Arbitrage bot enables retail investors to make passive income with low risk.
It allows you to deposit or withdraw from your bank account and trade with US dollars.
No support for custom trading strategies.
Types of Bots: Grid Trading Bot, Rebalancing Bot, Spot-Futures Arbitrage Bot, Martingale Bot, etc.
Price: Free Trial
Mobile Apps: Android and iOS
Exchanges: Binance, Pionex Huobi global
HaasOnline — Best Arbitrage Bot for Intermediate to Advanced Traders
HaasOnline is one of the oldest and well respected crypto trading bot platforms available. You can manage automated trading on over 37 exchanges. Create bot strategies with a click of a mouse or develop your trade bot line-by-line.
Features:
· Allows traders to recreate virtually any trading strategy with bot automation.
· This bitcoin trading robot allows you to create your own technical analysis.
· This free bitcoin trading bot keeps your data and code private.
· Use custom dashboards to monitor your Arbitrage trading bots and identify opportunities.
· The tool provides real time performance reports.
· Includes HaasScript, a purpose built scripting language developed by HaasOnline for trade bots.
On-premise and cloud-based trading bot platforms for optimal control.
Non-custodial trading only requires an exchange API key with no withdrawal permission.
Paper trade using live order books and simulated wallets with no financial risk.
Use backtesting & batch-testing to find historical optimizations that improve future ROI.
No blackbox Arbitrage trading bots, know exactly what makes your arbitrage bot run.
Does not offer native mobile apps.
Steeper learning curve for beginners.
Free Trial: Lifetime Free Basic Plan
Types of Bots: Inter-exchange Arbitrage. Recreate almost any trading strategy with bots. Other examples are Accumulation, Portfolio Index, Grid, Dollar-cost-averaging, Scalping, Market Making, Trailing Stop, and Futures Bots
Price: Free Basic and Premium Subscriptions
Exchanges: Binance, Binance.US, Bitfinex, BitMEX, Bitpanda Pro, Bitstamp, Bittrex, Bybit, Cex.IO, Coinbase Pro, Crypto.com, Deribit, FTX, Gemini, HitBTC, Huobi, Ionomy, Kraken, Kraken Futures, Kucoin, Mandala, OKCoin, OKX, Poloniex
Bitsgap — Best for arbitrage trading across various crypto exchanges.
Bitsgap is a crypto arbitrage bot that helps you trade your crypto assets. It allows you to analyze 10,000+ crypto pairs and detects coins with the potential arbritrage gains. You can access this trading bot without downloading it.
Features:
· This crypto arbitrage exchange is a fully automated bot that works 24/7 hours.
· It allows you to test settings before making your final crypto investment.
· This crypto trading bot helps you to gain maximum Profit.
· It kept your funds on the exchange balance for security.
· It is one of the best cryptocurrnecy arbitrage bots that allows you to create your bot strategy with a few mouse clicks.
· You view your trading through a chart.
· This crypto trading bot allows you to gain maximum Profit.
· It offers 12+ charts and more than 100 technical indicators for quick crypto research
It offers more than 25 brokerages.
It is simple to use a crypto arbitrage bot with many functionalities.
It offers detailed Tradingview Charts that enable you to assess your bot performance
Does not offer any native mobile application.
Price: $29/month
Free Trial: Yes- 7 Days
Types of Bots: Futures bots, Unlimited Smart orders, Grid Bot, Trailing Up & Down for bots, Take Profit for bots.
Exchanges: Binance, Bittrex, Huobi, Kraken, HitBTC, Poloniex, Livecoin, OKEX, Bitfinex, Coinbene, Coinex, Kucoin, CEX.IO, Kraken, Gate.io, Bithumb, etc.
