The daily profit rate of up to 12 thousand dollars of two accounts performing arbitrage over cryptocurrencies on different blockchains attracted attention.
On-Chain Analysis Platform Lookonchaintwo different arbitrage accounts jaw-dropping earnings revealed. Analysis platform, which closely examines the strategy of these arbitrage accounts, behind the scenes he elaborated.
Arbitrage transaction on the blockchain, in its simplest sense, is the X token that has been sold on a blockchain and its price has fallen. buy it cheap from there relatively higher price to another blockchain transfer to sell at a profit It endures.
per day 12 thousand dollars When looking at the transactions of one of the winning arbitrage accounts, first of all Ethereum (ETH) experienced a decline in the network Gold Fever Native Gold (NGL) crypto money named 370 USD Coin (USDC) is received in return and then this asset is Binance Smart Chain (BSC) by transferring to 382 DAI It is seen that it is sold. Arbitrajcı from this transaction, the transaction fees paid when it is deducted $7 profit provided.
on the other hand boots through This transaction may not always yield profit. In the example of another wallet, via BSC 2,000 Binance USD (BUSD) The arbitrageur who buys DSC with and transfers these assets to the Ethereum network. for $1,998 selling. When transaction fees are included in the account, this transaction $21 lost is happening.
However, the profits of these long-term and continuous arbitrage transactions made through bots are too high to be ignored. According to the calculation made by Lookonchain, Transacting 5-10 times these arbitrage accounts, Earning $50-$100 per hour while providing Return between 1,200 and $ 12,000 on a daily basis provides.
According to the statements transferred, these rates may vary depending on the volatility and sales pressure in their blockzincirler.
A rough calculation shows that these two addresses arbitrage 5-10 times per hour, with hourly profits ranging from $50 to $500. However, daily profit fluctuates between $1,200 and $12.00. The greater the buying, selling and movement in blockchains, the more arbitrageurs earn.