Best Crypto Arbitrage Bots

A cryptocurrency arbitrage bot like Cryptohopper is a software program that automatically detects and exploits price differences across various exchanges.

The cryptocurrency market's volatility presents potential opportunities for profit through arbitrage. This guide delves into crypto arbitrage bots — automated tools that exploit price discrepancies across exchanges. We'll explore how these bots work, analyze their potential benefits and drawbacks, and discuss factors to consider when choosing a crypto arbitrage bot. Remember, responsible trading practices are crucial. We'll focus on reputable bots and highlight the importance of understanding the risks involved in cryptocurrency trading.

Quick Look: The Best Crypto Arbitrage Bots

• Best Overall: Cryptohopper
• Best for Beginners: Bitsgap
• Best for Advanced Traders: 3Commas
• Best for Diverse Strategies: Pionex
• Best for DEXs: ArbitrageScanner
• Best for Non-Coders: Traility
• Best for Technology: Kryll

Top 7 Best Crypto Arbitrage Bots

Here is the list of our top crypto arbitrage bots:

1. Best Overall: Cryptohopper

Cryptohopper is a top automated crypto trading bot enabling hands-free altcoin trading. It operates 24/7, opening positions based on user-defined strategies and parameters. The bot scans markets for the best prices, aiming to maximize profits, and integrates with leading exchanges like Binance and OKX for real-time trading.

Key features:

• Cryptohopper enables 24/7 automated trading with bots that execute trades based on user-defined strategies.
• You can connect and manage multiple exchange accounts in one place.
• Cryptohopper's trailing stop-loss adjusts with price movements to protect profits and limit losses, locking in gains as prices rise without lowering the stop-loss as prices fall.
• Users can automatically copy successful traders.
• Advanced tools include dollar-cost averaging (DCA), market making, and arbitrage.
• Automatic backtesting helps traders evaluate and refine strategies without risking actual funds.

Price:

The Free Pioneer Plan offers basic functions but lacks advanced features. The Explorer Package, suitable for beginners, costs $24.16 per month and includes up to 80 positions per exchange, strategy designer tools, and backtesting. The Adventurer Package, at $57.5 per month, offers faster strategy checks and more event triggers for intermediate traders. The Hero Package, at $107.5 per month, is ideal for advanced traders with 500 positions per exchange and advanced features like AI strategies. Cryptohopper also provides flexible subscription options, a 3-day free trial, and potential refunds within two weeks of purchase.

Why We Love It:

Cryptohopper is a flexible platform ideal for crypto traders of all experience levels. It offers automated trading bots, detailed market analysis tools, and an easy-to-use interface, making it accessible and effective for beginners and seasoned traders.

2. Best for Beginners: Bitsgap

Bitsgap is an automated cryptocurrency trading platform that was established in 2017. It integrates with over 15 top crypto exchanges using APIs, offering a unified interface for portfolio tracking and trading. Instead of being an exchange, Bitsgap provides automated tools, including trading bots that operate 24/7 based on predefined rules. Additional features include a robust terminal, portfolio manager, signals, and an arbitrage scanner. With over half a million users and billions in monthly trading volume, Bitsgap is a leader in crypto trading automation.

Key features:

• We offer multiple bot types, including grid bots, DCA bots, combo bots, scalper bots, custom bots, and signals bots.
• Integrated dashboard for viewing balances, positions, and performance.
• Real-time detection of price differences across exchanges for profitable trades.
• Refinement of strategies using historical market data without real capital.
• Customizable notifications for entry/exit prices or signals.
• Access to forums, copy trading, and educational resources for learning and discussion.

Price:

The Basic Plan costs $23 per month, including two active grid bots, ten active DCA bots, and unlimited smart orders. The Advanced Plan, priced at $55 per month, expands to five active grid bots, 50 active DCA bots and adds features like Trailing Up & Down and futures bots. For more advanced users, the Pro Plan at $119 per month offers 25 active grid bots, 250 active DCA bots, and additional tools like Take Profit and trailing bots for futures trading. Each plan includes a 7-day free trial and discounted annual rates, with higher tiers unlocking AI-powered capabilities, making Bitsgap competitive against platforms like 3Commas or Pionex.

Why We Love It:

Bitsgap stands out as a robust platform for automated crypto trading. It offers advanced trading bots, tools for managing portfolios across multiple exchanges, and a user-friendly interface that simplifies the trading experience. Overall Bitsgap's straightforward design and pricing make it accessible for beginners.

3. Best for Advanced Traders: 3Commas

3Commas is a popular platform for crypto trading that experienced traders favor. It links traders to various crypto exchanges, making trading easier with automated tools. For beginners, though, using 3Commas might be tricky at first. Overall, it's considered one of the top platforms for automated crypto trading.

Key features:

• Beginners can practice trading strategies without risking real money using 3Commas' demo account.
• These bots are designed for both bear and bull markets.
• Grid bots are suited for sideways markets, buying and selling within a preset price range to maximize profits.
• Advanced traders can use futures bots to trade futures contracts involving higher risk but potentially higher rewards.
• Traders can customize their strategies by setting entry and exit points, stop-loss orders, and take-profit levels to align with their trading goals.
• 3Commas provides a centralized dashboard for tracking all crypto assets across different wallets and exchanges, offering insights into performance metrics and portfolio health.
• In the beta phase, this bot integrates with TradingView to automate trades based on specific indicators and technical analysis signals.

Price:

3Commas provides diverse pricing plans tailored to different trading levels and needs, starting with a trial period that grants full access to all tools without requiring a credit card. Understanding these plans and their fees is crucial for users to select the most appropriate option for their trading strategy. The Starter Plan, priced at $4 per month, suits beginners with features like SmartTrades and Grid Bots. The Professional Plan, costing $37 monthly, offers more advanced tools, including Signal Bots and multipair DCA. The Expert Plan, at $59 per month, provides extensive capabilities such as unlimited SmartTrades and connecting subaccounts, accommodating seasoned traders' complex needs.

Why We Love It:

3Commas stands out as a user-friendly crypto trading platform suitable for seasoned traders. With its array of automated trading bots, smart tools, and detailed analytics, it effectively supports diverse trading strategies and adapts to fluctuating market conditions.

4. Best for Diverse Strategies: Pionex

Pionex stands out as a pioneer in the crypto exchange arena by providing free built-in trading bots, which are ideal for newcomers seeking to automate their trading journey while gaining market insights and capitalizing on opportunities. Its user-friendly platform offers liquidity, a wide range of cryptocurrencies, and competitive fees at 0.05%. For beginners and experienced traders, Pionex offers various earning avenues, staking options, and crypto loans, making it a comprehensive platform to start or advance in crypto trading. Automating trading processes helps eliminate emotional biases, enhancing Pionex's investment strategies effectively.

Key features:

• Pionex provides 16 free automated trading bots that execute trades based on market movements.
• On Pionex, you can trade in two ways. Spot trading involves buying or selling coins at the current market price, which is useful for swapping coins or trading with fiat and stablecoins.
• Pionex offers ETH and USDT staking.
• PionexGPT feature uses advanced AI, like GPT-3.5, to create trading strategies in Pine Script based on user descriptions. Users can also copy strategies from the GPT marketplace or share their own.
• Pionex offers structured loans, allowing users to borrow coins at low interest rates. 

Price:

Pionex charges a flat trading fee of 0.05% for both makers and takers on spot market transactions, which is lower than many other exchanges. VIP users can receive further fee discounts based on their trading volume. Leveraged trading incurs an additional 0.1% fee. Depositing cryptocurrencies into Pionex is fee-free, but users must cover network fees set by the blockchain. The minimum deposit amounts to one USDT or 0.00005 BTC. Withdrawal fees vary by cryptocurrency and network. For instance, Bitcoin withdrawals cost 0.0004 BTC, Ethereum 0.004 ETH (ERC-20), and USDT 10 USDT (ERC20) or 0.4 USDT (TRC20).

Why We Love It:

Pionex offers free automated crypto trading bots with diverse strategies. It sources competitive prices and liquidity from top exchanges like Binance and Huobi, reducing slippage. However, it focuses primarily on crypto-to-crypto trading and has limited support for fiat deposits.

5. Best for DEXs: Arbitragescanner

ArbitrageScanner is highly valued among users for its extensive capabilities. It supports over 70 centralized exchanges (CEX) and over 20 decentralized exchanges (DEX) across 20 blockchains. Notably, it stands out for its unique focus on DEX exchanges, decentralized platforms for trading cryptocurrencies directly between users. ArbitrageScanner includes a cryptocurrency arbitrage screener, a tool that displays information on various coins available across different exchanges. This feature benefits traders interested in classic arbitrage (buying and selling on other exchanges) and output arbitrage (exploiting price differences within the same exchange).

Key features:

• Users receive instant alerts about price variations across crypto exchanges, including decentralized exchanges (DEX), ensuring timely trading opportunities.
• The scanner covers over 30,000 coins and supports major exchanges.
• It facilitates arbitrage across 10 major blockchains like Ethereum, BNB Chain, and Polygon, providing extensive trading opportunities.
• The easy-to-use web interface allows quick setup and offers pre-configured trading pairs for efficient buying and selling decisions.
• Exclusive to the PRO plan, it provides early news alerts from subscribed Telegram and Twitter channels, aiding informed trading decisions.

Price:

Arbitrage Scanner provides four pricing tiers tailored to varying needs, featuring combinations of supported assets, exchanges, and Telegram alerts. The $69 “Test” plan allows users to monitor five assets across 10 leading centralized exchanges (CEXs). On the other hand, the top-tier $1999 “Expert” plan expands coverage to 15 assets across 20 CEXs and 50 decentralized exchanges (DEXs). Exclusive to higher tiers are capabilities for tracking DEXs and arbitrage opportunities across major blockchains like Arbitrum, Optimism, and Avalanche, offering advanced cross-chain trading possibilities.

Why We Love It:

Arbitrage Scanner stands out by offering real-time tracking across centralized (CEX) and decentralized (DEX) crypto markets, making it easy to identify and take advantage of arbitrage opportunities. Its flexible pricing plans and a strong emphasis on security appeal to crypto traders looking for reliable tools. Overall, Arbitrage Scanner is highly regarded as one of the top choices for those seeking effective arbitrage scanning solutions in the cryptocurrency industry.

6. Best for Non-Coders: Traility

Trality, established in 2018 by Christopher Helf and Moritz Pützhammer, allows users to design and personalize their cryptocurrency trading bots on a cloud-based platform. Accessing via web browsers eliminates the need for extra hardware or software installations, making fintech solutions more accessible. Known for its user-friendly interface, Trality fosters a community environment supporting learning and development among crypto traders. Key features include robust paper trading and backtesting tools, enabling users to simulate trading strategies using historical data without financial risk. Trality offers two main tools: the Rule Builder for drag-and-drop bot creation and the Code Editor for advanced Python coding. However, no coding skills are required to begin using Trality effectively.

Key features:

• Trality offers a browser-based Python Bot Code Editor, ideal for users familiar with Python programming.
• One feature uses a drag-and-drop interface for users without coding skills. It allows the creation of trading bots using boolean logic by arranging indicators and strategies in sequence.
• Trality provides comprehensive backtesting capabilities using historical data.
• Once created and tested, bots can be deployed for live trading on major cryptocurrency exchanges like Binance, Coinbase Pro, Kraken, and Bitpanda.

Price:

Trality offers a tiered subscription model to cater to diverse trading needs. The free Pawn plan includes a €5,000 trading volume limit, one live bot, and unlimited backtesting with a one-week log retention. For more advanced features, the Knight plan at €9.99/month extends to €25,000 trading volume, two live bots, and one-month log retention. The Rook plan, priced at €39.99/month, offers €250,000 trading volume, five live bots, and six-month log retention. At the highest level, the Queen plan (€59.99/month) removes trading limits, supports 10 bots, and provides unlimited log retention and backtesting.

Why We Love It:

Trality is best for non-coders as it allows you to build a bot with just drag-and-drop options. However, advanced traders can also build their own with Python language.

7. Best for Technology: Kryll

Kryll, founded in 2018 by Luce Benevolo, Philipe Longere, and Paul Collorafi, empowers crypto traders with advanced tools and community insights to optimize returns. It enables users to design and automate their cryptocurrency trading strategies effortlessly. The platform aims to democratize crypto trading, offering solutions to access professional tools without high costs. Using WYSIWYT (What You See Is What You Trade) technology, Kryll simplifies strategy creation and testing through robust backtesting and sandboxing features. Once proven effective, strategies can be deployed for continuous 24/7 trading. Kryll also supports social trading, allowing users to follow and replicate the strategies of experienced traders, enhancing learning and profitability. Integrated with major exchanges like Binance and Bittrex, Kryll ensures seamless trading experiences with plans for more integrations in the future.

Key features:

• Users can create trading strategies visually without needing to code, making it accessible for all levels of traders.
• Access a wide selection of prebuilt trading strategies from the community in the Kryll marketplace.
• Test trading strategies against historical data to evaluate performance before live trading.
• Receive signals from platforms like TradingView to inform trading decisions.
• Integrates with major crypto exchanges for direct trading.
• Supports many cryptocurrencies, including Bitcoin, Ethereum, Ripple, and more.

Price:

You can use Kryll without a subscription fee and pay for selected trading strategies. Backtesting is free, allowing testing of any strategy from the marketplace. Access to KRL tokens is limited to niche exchanges like Liquid, IDEX, MERCATOX, and Yobit. Renting a strategy may incur provider fees, typically starting at 1% of monthly traded capital.

Why We Love It:

Kryll offers practical trading bot technology with its user-friendly drag-and-drop editing tool, catering to cryptocurrency traders' needs for automated trading. Like other bots, Kryll operates continuously to respond to market fluctuations, making it a valuable tool in the evolving landscape of cryptocurrency trading.

What Is a Cryptocurrency Arbitrage Bot?

A cryptocurrency arbitrage bot is a software program that automatically detects and exploits price differences across various cryptocurrency exchanges. Its goal is to profit from these temporary price discrepancies without taking on significant market risk.

Here's how it works:

1. Price Monitoring: The bot continuously scans cryptocurrency prices across multiple exchanges.

2. Identifying Opportunities: When it finds a significant price difference for the same cryptocurrency between exchanges, it identifies an arbitrage opportunity. For instance, the bot recognizes a chance to profit if Bitcoin costs $50,000 on Exchange A and $50,500 on Exchange B.

3. Executing Trades: The bot quickly buys Bitcoin on the cheaper exchange and sells it on the more expensive one to capitalize on the price gap.

4. Capturing Profits: After executing the trades, the bot captures the profit from the price difference, considering trading fees.

Types of Crypto Arbitrage Bots

Cryptocurrency arbitrage bots come in various types, each employing distinct strategies to exploit price differences across exchanges:

1.     Cross-Exchange Arbitrage Bots: These bots monitor prices on different exchanges, buying at lower prices and selling at higher prices to profit from discrepancies.

2.     Triangular Arbitrage Bots: Operating within a single exchange, these bots exploit price gaps between three cryptocurrencies, executing trades to capitalize on inefficiencies.

3.     Statistical Arbitrage Bots: These bots use statistical models and algorithms to identify market patterns and execute profitable trades based on statistical analysis.

4.     High-Frequency Trading (HFT) Bots: Designed for rapid trading, these bots capitalize on small price movements, executing numerous trades swiftly to generate profits.

5.     Sentiment Analysis Bots: These bots analyze social media and news to gauge market sentiment, using insights to identify arbitrage opportunities based on public perception.

Pros and Cons of Using a Crypto Arbitrage Bot

Here are the pros and cons of using a crypto arbitrage bot:

Crypto Arbitrage Bot Trading Tips

• Research and select an arbitrage bot from a trusted provider with a strong reputation and robust security measures.
• Before using the bot, comprehend its trading approach, supported exchanges, and the types of arbitrage opportunities it seeks.
• Begin with a small portion of your capital to test the bot's performance and minimize initial risk.
• Assess the bot's profitability, win rate, and drawdowns regularly. If necessary, adjust or halt its operations.
• Spread your trades across multiple exchanges supported by the bot to mitigate risk during exchange downtime or liquidity issues.
• Set stop-loss and take-profit levels to manage potential losses and gains effectively. Avoid excessive leverage.
• Keep up with market changes, regulatory updates, and news about the exchanges and bot.
• Store your funds securely in cold wallets when not actively trading to protect against cyber threats.
• Understand and comply with cryptocurrency trading regulations in your jurisdiction to avoid legal issues.
• Consult financial or legal professionals for guidance on using arbitrage bots and ensuring compliance and safety.

Concluding the Top 10 Crypto Arbitrage Trading Bots in 2024

In conclusion, the best crypto arbitrage trading bots of 2024 provide a variety of features to suit traders worldwide. With easy-to-use interfaces and advanced trading algorithms, these bots help traders take advantage of price differences to maximize profits in the fast-paced cryptocurrency market. Whether you're new to trading or have years of experience, a crypto arbitrage bot is designed to help you trade confidently and efficiently.

Frequently Asked Questions