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arbitrage
Inspiration
The project was born to take advantage of the arbitrage possibilities on currency pairs on the Binance exchange.
What it does
Arbitrage can be defined as the purchase and sale on different markets of currency pairs that have a common currency. The purpose is to take advantage of price differentials. When a trader uses the arbitrage technique, he basically goes to buy a cheaper asset and then resell it at a higher price on a different market within the same Exchange.
How we built it
the project was built in PHP and MySQL
Challenges we ran into
The biggest challenge was simulating arbitrage possibilities and calculating trade flows. In this link you can see a representation on google sheet of the variables and parameters necessary for the controls and calculation of profits
Accomplishments that we're proud of
With many competitors on the Binance exchange, profit opportunities were rare. But during the strong bull / bear runs of the markets on occasion the system entered the market and took profits
What we learned
I learned to look at market flows and the correlations between arbitrage events and sudden price pumps.
What's next for Arbitrage Rewards
The goal is to bring this system to the CELO blockchain and create community pools that will participate in the platform's profits in proportion to their investment.
