Crypto arbitrage is the process of buying a cryptocurrency on one exchange and selling it on another exchange for a higher price. This is possible because cryptocurrency prices can vary between exchanges, sometimes by a significant margin.
Crypto arbitrage scanners are automated tools that scan multiple cryptocurrency exchanges in real time to identify arbitrage opportunities. They can alert traders to profitable opportunities and even execute trades on their behalf with the use of advanced crypto trading bots.
In this article, we are going to examine the 5 best crypto arbitrage scanners and explore their key features, pricing structures, bot customization, and more.
Here is the list of the best crypto arbitrage scanners in 2023:
- ArbitrageScanner – The leading crypto arbitrage scanner in the market
- Cryptohopper – An AI-powered trading bot platform
- Bitsgap – Streamlined automated trading strategies
- Coinrule – A beginner-friendly platform for arbitrage traders
- 3Commas – Native app marketplaces for automated crypto trading strategies
The 5 best crypto arbitrage scanners: Top automated tools for profitable trading in 2023
The following list includes the best cryptocurrency arbitrage scanners in 2023. We compared them based on exchange coverage, network scanner, screener features, pricing structure, mobile app support, and more.
1. ArbitrageScanner – The leading crypto arbitrage scanner in the market
ArbitrageScanner is a comprehensive cryptocurrency arbitrage trading tool that covers both centralized and decentralized exchanges. It boasts an extensive list of features and capabilities that can be of interest to traders seeking arbitrage opportunities. Here’s an overview of its key attributes:
Exchange coverage: ArbitrageScanner supports a wide range of exchanges, encompassing more than 70 centralized exchanges (CEX) and over 30 decentralized exchanges (DEX). Additionally, it operates on 10 different blockchains, making it one of the most versatile tools available.
Blockchain network scanning: The platform scans 10 major blockchain networks, including Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, Optimism, Fantom, Gnosis, Klaytn, and Aurora. This feature enables users to identify price disparities between tokens on different networks, potentially creating arbitrage opportunities.
Cross-chain arbitrage: ArbitrageScanner claims to be the only scanner supporting cross-chain arbitrage. This type of arbitrage can offer higher profit margins compared to intra-chain arbitrage by taking advantage of price differences between different blockchain networks.
Screener feature: The platform offers a customizable screener feature, allowing users to define their criteria for identifying arbitrage opportunities. Users can specify exchanges, coins, trading pairs, and profit thresholds, and the platform will send notifications when matching opportunities arise. This feature can be suitable for beginners with small balances who want to make multiple daily trades.
Pricing plans: ArbitrageScanner offers four subscription plans, with prices ranging from $69 to $1999 per month. The cheapest plan includes a 30-day trial period, while higher-tier plans come with additional benefits such as turnkey scanner setup, voice curator support, and access to a closed community. The platform also provides free arbitrage training to all users.
Supported exchanges: The platform supports a variety of DEXes and notable centralized exchanges like Binance, Bybit, OKX, KuCoin, Coinbase, Crypto.com, and more.
Key features summary:
- Supports over 30,000 crypto assets, 70+ CEX, and 30+ DEX.
- Scans DEXes across 20 different blockchains.
- Automatically identifies arbitrage bundles and sends customizable notifications.
- Enables arbitrage trading without holding coins in your portfolio.
- Notifies users about cross-chain arbitrage opportunities.
- Focuses solely on notifications and does not access users’ crypto.
- Users with Pro plans and above gain access to a VIP Manager and private chat with experienced arbitrage traders.
- ArbitrageScanner operates through Telegram, making it accessible to users on various devices.
2. Cryptohopper – An AI-powered trading bot platform
Cryptohopper is an AI-powered trading bot designed for cryptocurrency markets, utilizing advanced algorithms and strategies to execute trades on behalf of users. Here’s an in-depth look at its features:
Automated trading: Cryptohopper operates by connecting to various cryptocurrency exchanges, enabling it to access and trade within users’ accounts. It is engineered to enhance efficiency and profitability by automating a range of trading activities.
Customizable parameters: Users have the flexibility to tailor the bot’s behavior according to their preferences. They can set parameters such as trading pairs, buy/sell signals, and stop-loss levels. Additionally, users can make use of trading templates for added convenience.
Market monitoring: The bot continually tracks market conditions and executes trades based on the predefined settings. It can deploy strategies rooted in technical analysis and incorporate signals from third-party sources. Cryptohopper is also equipped to conduct triangular arbitrage scans and leverage Binance’s arbitrage scanner data.
User-friendly interface: Cryptohopper offers a web-based interface that empowers users to monitor ongoing trades, access historical data, and make adjustments to their settings. This user-friendly interface simplifies the trading experience.
Backtesting: For strategy evaluation, Cryptohopper provides a backtesting feature that allows users to assess trading strategies using historical market data. This aids traders in making informed decisions based on past performance.
Mobile access: Cryptohopper offers mobile apps for both Android and iOS platforms, ensuring that users can manage their trades on the go.
Pricing: Cryptohopper offers a starting price of $16.58 per month, making it accessible for traders with varying budgets. Additionally, it provides a 3-day free trial, allowing users to explore its capabilities before committing.
Supported exchanges: Cryptohopper is compatible with a wide range of exchanges, including Binance, KuCoin, Coinbase, Kraken, Huobi, Bybit, Crypto.com, OKX, and more.
Key features summary:
- Access to up to 75 trading bots for comprehensive market scanning.
- Unified terminal for managing multiple exchange accounts efficiently.
- Advanced price trailing features to optimize trading strategies.
- Utilizes AI for data-driven trading decisions.
- Offers copy trading and trading templates for strategy replication.
- Supports dollar-cost averaging, market-making, short selling, and arbitrage trading options.
3. Bitsgap – Streamlined automated trading strategies
Bitsgap is a comprehensive cryptocurrency trading platform and bot designed to simplify and automate trading strategies in the crypto market. Below is an overview of its key features and functionalities:
Automated trading: Bitsgap streamlines trading by automating trades for users through API key connections to their exchange accounts. It offers users the flexibility to customize parameters such as trading pairs, indicators, and stop-loss levels according to their preferences.
Market monitoring: The platform’s trading bot continuously monitors the cryptocurrency market and executes trades based on predefined settings. This automation helps users stay on top of market movements without constant manual oversight.
Unified interface: Bitsgap provides a unified interface that consolidates multiple exchanges, offering users easy access to real-time market data and performance tracking. This centralized view simplifies portfolio management and trading across various exchanges.
Arbitrage opportunities: Bitsgap goes beyond basic trading by actively scanning for price disparities among more than 30 digital assets, enabling users to capitalize on arbitrage opportunities when market conditions favor it.
Demo trading mode: For users looking to test their strategies risk-free, Bitsgap offers a demo trading mode. This feature allows traders to simulate trades and evaluate their strategies without risking real funds.
Supported exchanges: Binance, KuCoin, Coinbase, Kraken, Huobi, Bybit, Crypto.com, OKX, and more.
Key features summary:
- Create GRID and DCA (Dollar-Cost Averaging) strategies using trading bots.
- Smart orders for controlling risk-to-reward ratios.
- Customizable order types, including Stop Loss, Take Profit, Trailing Take Profit, and OCO (One Cancels Other) orders.
- Supports various order types, including limit, market, and scaled orders.
- Provides a trading terminal that connects to popular exchanges.
- Access to pre-made trading bot strategies for added convenience.
- Pricing starts at $23 per month, making it accessible to traders with different budgets.
- Offers a 7-day free trial period for users to explore its features.
- Accessible through a web app, ensuring platform availability on various devices.
4. Coinrule – A beginner-friendly platform for arbitrage traders
Coinrule is a user-friendly automated platform designed to simplify cryptocurrency trading, making it accessible to traders of all levels of expertise. Here’s a detailed overview of its features:
Simplified trading: Coinrule aims to streamline cryptocurrency trading by allowing users to create and execute trading strategies without requiring coding skills or advanced technical knowledge. It offers a selection of pre-made template strategies, and users can also build their own based on their specific criteria.
Visual interface: Users can define trading rules and conditions using a visual interface, making it easy to implement their strategies. The platform employs an “if this, then that” logic, enabling users to set events or market conditions that trigger specific actions, such as buying, selling, or executing other trade orders. This approach simplifies strategy creation and execution.
Wide exchange support: Coinrule operates on various cryptocurrency exchanges and supports a diverse range of trading pairs, providing traders with flexibility and choice in their trading activities.
Leverage trading: Coinrule goes beyond standard trading by offering the option to use leverage in crypto strategies. This feature allows traders to increase their exposure to the markets, potentially magnifying both profits and losses.
Supported exchanges: Binance, KuCoin, Coinbase, Kraken, BitMEX, Crypto.com, OKX, and more.
Key features summary:
- Create trading rules based on popular indicators like RSI, SMA, and more.
- Up to 50 live trading rules to manage multiple strategies simultaneously.
- The “Pro” plan includes unlimited template trading strategies.
- Execute up to 10,000 orders per rule, providing ample capacity for active trading.
- Supports both market and limit orders, giving users control over execution.
- Offers a starting price of $29.99 per month, making it accessible for various budgets.
- Provides a free trial to allow users to explore its functionality.
- Offers an Android mobile app for on-the-go trading.
5. 3Commas – Native app marketplaces for automated crypto trading strategies
3Commas is a highly regarded trading platform among crypto arbitrage enthusiasts, offering a suite of tools and features designed to support users in their trading endeavors. Here’s a comprehensive overview of its offerings:
Automated trading: 3Commas empowers users to configure automated trading bots with precise parameters, including options like leverage settings. However, it’s important to note that using leverage in the crypto market carries a high risk and could result in substantial losses.
Smart trading terminals: The platform provides two smart trading terminals, namely SmartTrade and Terminal, catering to both automated and manual trading strategies. These terminals offer flexibility in executing trades.
Copy trading: 3Commas introduces a “Copy Trading” feature, allowing users to follow successful traders and integrate their strategies seamlessly with trading bots.
Demo account: For risk-free practice, 3Commas offers a “Demo” account where users can simulate trades without using real funds. This is an excellent way for beginners to gain experience.
Portfolio management: Users can efficiently manage their portfolios with the platform’s portfolio management tools, ensuring a comprehensive view of their assets and performance.
Customizable alerts: The platform includes customizable alerts, enabling users to stay informed about market movements and potential opportunities.
Backtesting: To refine trading strategies, 3Commas offers backtesting capabilities, allowing users to evaluate their strategies using historical data. This is valuable for identifying potential triangular arbitrage opportunities.
Developer-friendly: 3Commas opens up opportunities for developers by permitting them to leverage the platform’s infrastructure to create and publish their own apps in the 3Commas marketplace.
Supported exchanges: Supports a wide range of exchanges, including Binance, KuCoin, Coinbase, Kraken, Huobi, Bybit, Crypto.com, OKX, and more.
Key features summary:
- Smart trading terminals for both automated and manual trading.
- A variety of trading bots, including Options bot, HODL bot, and GRID bot, with preconfigured settings.
- Seamless integration of trading signals into bots.
- Copy trading functionality for following successful traders.
- Advanced analytics and charting tools for in-depth market analysis.
- The 3Commas Apps marketplace, where users can deploy their own trading apps.
- Pricing starts at €22 per month, making it accessible for traders with different budgets.
- Offers an ongoing free trial option for users to explore its features.
- Available on Android and iOS platforms, providing mobile accessibility.
Types of arbitrage opportunities in crypto
Arbitrage trading in the cryptocurrency market involves taking advantage of price differences for the same asset on different exchanges or within the same exchange. There are several types of arbitrage trading in crypto:
Spatial arbitrage: This is the most common form of arbitrage and involves buying an asset on one exchange where the price is lower and simultaneously selling it on another exchange where the price is higher. Spatial arbitrage seeks to profit from price disparities across different exchanges.
Temporal arbitrage: Temporal arbitrage takes advantage of price differences for the same asset at different times. Traders may buy an asset when its price is lower during a specific time period, such as during market dips or at times of lower trading volume, and sell it when the price increases.
Statistical arbitrage: Statistical arbitrage involves using statistical analysis and mathematical models to identify arbitrage opportunities. Traders look for patterns, correlations, or deviations from historical price movements to make trades. It often involves pairs trading, where one cryptocurrency is bought while another is simultaneously sold based on statistical relationships.
Triangular arbitrage: Triangular arbitrage is a more complex form of arbitrage that involves exploiting price differences among three different cryptocurrencies on the same exchange. Traders exchange one cryptocurrency for another and then back into the original currency, ideally making a profit in the process.
Cross-exchange arbitrage: Cross-exchange arbitrage takes advantage of price disparities for the same asset on different exchanges. It can be done manually by traders or through automated trading bots that execute trades across multiple exchanges simultaneously.
Futures arbitrage: This type of arbitrage involves trading futures contracts on the same or different exchanges. Traders aim to profit from the price difference between the futures contract and the spot price of the underlying asset. It often requires careful consideration of funding rates and contract expirations.
Cash-and-carry arbitrage: Cash-and-carry arbitrage, also known as carry trade, involves simultaneously buying a cryptocurrency spot and short-selling its corresponding futures contract. This strategy aims to profit from the difference between the spot price and the futures price.
Risk arbitrage: Risk arbitrage seeks to profit from the price difference of an asset that is involved in a merger, acquisition, or other corporate event. Traders take positions based on the expectation that the asset’s price will converge to a specific level once the event is completed.
The bottom line: These tools will help you leverage arbitrage opportunities in the crypto market
The world of cryptocurrency arbitrage trading is evolving, and having the right tools at your disposal can make all the difference. The best crypto arbitrage scanners offer traders a competitive edge by swiftly identifying price disparities across various exchanges and blockchain networks.
From the comprehensive exchange coverage of ArbitrageScanner to the user-friendly approach of Coinrule, the automated trading power of Cryptohopper, and the feature-rich Bitsgap platform, there are options to suit a wide range of trading preferences and experience levels.
|Free Trial||Yes, 1 day||Yes, 3 days||Yes, 7 days||Yes||Yes, forever|
|Mobile Apps||Works through Telegram||Android and iOS||Web App||Android||Android and iOS|
|Supported Exchanges||DEXes, as well as Binance, Bybit, OKX, KuCoin, Coinbase, Crypto.com, etc.||Binance, KuCoin, Coinbase, Kraken, Huobi, Bybit, Crypto.com, OKX, etc.||Binance, KuCoin, Coinbase, Kraken, Huobi, Bybit, Crypto.com, OKX, etc.||Binance, KuCoin, Coinbase, Kraken, BitMEX, Crypto.com, OKX, etc.||Binance, KuCoin, Coinbase, Kraken, Huobi, Bybit, Crypto.com, OKX, etc.|
Ultimately, the best crypto arbitrage scanner for you will depend on your individual trading goals, preferences, and risk tolerance. Before diving in, take the time to explore each platform’s features and try out free trials where available.
It is worth noting that the potential profitability of arbitrage trading depends on liquidity and market adoption of the assets you are trading. Smaller cap coins are usually not supported on major exchanges and don’t have a lot of liquidity, making them ill-suited for arbitrage strategies. On the other hand, the best cryptocurrencies to buy right now are generally worth considering for arbitrage trading.