Coygo Terminal’s Arbitrage 2.0 — Master cryptocurrency arbitrage
Hello crypto traders! It’s been awhile since we’ve shared an update from the Coygo team, but rest assured we’ve been hard at work. After months of development and testing, we’re excited to announce our biggest release to date: Coygo Terminal’s Arbitrage 2.0.
This update brings a new, industry-leading DIY inter-exchange arbitrage experience to manually find and react to arbitrage spreads in real-time across multiple exchanges. You find the spreads, and you submit the orders. If you’re interested in a fully automated solution, see info on our crypto arbitrage and trading bots: Crypto trading bots with Coygo Terminal — Simple, secure, and fast. We’ve built automated bot strategies for both inter-exchange arbitrage between two exchanges and intra-exchange triangular crypto arbitrage.
(By the way, if you need a refresher on how crypto inter-exchange arbitrage works you can check out our other post titled How to Profit From Crypto Arbitrage Trading. For info on crypto intra-exchange triangular arbitrage, see our post titled Cryptocurrency Triangular Arbitrage: How Does It Work?)
Monitor real-time arbitrage spreads
Speed is key to being successful with crypto arbitrage, and that has been a driving factor of our design philosophy. With Coygo Terminal you can now monitor real-time arbitrage spreads on six trade pairs simultaneously across all supported exchanges. As of writing, that list includes Coinbase Pro, Binance, Kraken, Bittrex, Gemini, and Poloniex, with more in the works.
Positive spreads are highlighted in green as they appear and are sorted by the largest percent difference, so you’ll never miss out on a profitable opportunity. If you decide to connect your exchange accounts to Coygo Terminal, you’ll also have the option to filter results to only include the exchanges you’ve connected. As always, when you connect your exchanges your exchange credentials (API keys) are only stored encrypted on your hard drive, not our servers. Coygo’s servers never have access to your accounts or your funds.
Lowest possible latency
Unlike most other tools, with Coygo Terminal all real-time data comes from a direct websocket connection between your machine and each exchange’s servers. Coygo’s servers do not act as a middleman, allowing us to provide the best possible latency. When speed is of the utmost importance, we can’t stress how pertinent this is to staying ahead of the competition.
One-Click Trading
When you’ve found a profitable spread and decide to act on it, you need to be able to submit accompanying trades as quickly as possible. There are a number of strategies to arbitrage, but the fastest and most reliable is to hold balances on both exchanges and submit accompanying buy and sell orders simultaneously. We explain in detail how this works in our blog post titled How to Profit From Crypto Arbitrage Trading.
Selecting a spread will display the One-Click Trading interface, which allows you to quickly configure and submit accompanying buy and sell orders on both exchanges. You can also view your wallet balances on both exchanges, view and cancel existing open orders, and view your recent trade history for the relevant assets.
Pre-configure arbitrage orders to submit trades as quickly as possible
Capitalizing on arbitrage spreads is all about speed, as they may only exist for less than a couple of seconds. Coygo Terminal has three options to help maximize profit without incurring slippage and submit orders as quickly as possible:
- Largest w/o slippage — Automatically sets both accompanying buy and sell orders to the largest order amount possible without incurring slippage.
- Limit to max available — Limits order sizes to what’s available in your wallets on either exchange.
- Set max amount — Allows you to set a maximum order size amount.
For example, you can set your order configurations to enable Largest w/o slippage and Set max amount with a max of $200 worth. Your order amounts will be updated in real-time whenever the order books update, so when you a profitable spread appears you can simply click “Submit buy & sell orders” and submit them as quickly as possible without ever having to waste time manually configure the orders yourself.
Slippage Detection
Slippage is one of the biggest problems to solve when arbitrage trading. Coygo Terminal calculates if you will incur slippage on either side of the arbitrage trade (buy order or sell order) in real-time by analyzing the order book, so that you can be sure you’re capitalizing on a profitable spread. See slippage detection toward the bottom of the GIF below: when no slippage will occur there is a green checkmark next to the order, when slippage will occur a red warning symbol will be shown to notify you that your order will incur slippage.
Rapid Transfer
Sometimes in order to act on a spread you’ll need to transfer crypto assets between exchanges. Transfers have never been easier with Coygo Terminal’s Rapid Transfer. After selecting a spread, the arbitrage trading interface will appear. In that window you’ll find the Rapid Transfer tab, which allows you to quickly and easily transfer assets between exchanges.
Coygo Terminal will automatically retrieve the deposit address on the receiving exchange and display it to you for confirmation, so you’ll never again have to deal with manually entering wallet addresses. You’ll also be shown a USD estimate of the amount of crypto being transferred, so you know exactly how much buying power is being sent. Below you’ll find a table of all pending and past transfers, allowing you to track the progress of the transfer as it goes through confirmation and arrives on the destination exchange.
Search which assets to monitor with Coygo Screener
The first step to arbitrage trading is selecting which trade pairs to monitor. Perhaps you’ll want to choose assets that have a decent daily volume, as smaller markets are more likely to incur slippage. Or maybe you’ll want to find coins that are particularly volatile in the past hour.
On the lower portion of Coygo Terminal’s Arbitrage screen you’ll find the Coygo Screener. This powerful tools lets you choose from a list of preset search filters, such as “Daily high volume gainers”, “Possibly hourly bullish reversals”, “High 24h volume” and more, to help you in your search for which assets to trade.
If you want more control over your search, you can also compose your own powerful custom search filters by combining comparisons across a number of available data points, including market cap, 24h volume, 1h price change, 24h price change, difference between price and 1h 5p SMA, and more.
View wallet balances on all exchanges
You’ll need to know how much crypto you have on each exchange while arbitrage trading, to help track your gains and know when you need to submit a transfer. With your exchanges connected to Coygo Terminal you can easily see your total aggregated portfolio as well as individual wallet balances on each exchange, all without leaving the Arbitrage 2.0 screen.
Get started with Coygo Terminal today for free
Interested in trying your hand at crypto arbitrage? You can start using Coygo Terminal for free today by signing up on our website. In addition to arbitrage, Coygo Terminal provides everything else you need for your daily trading workflow. Portfolio tracking, real-time data insights, multi-exchange tracking, market data tools, & more.
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