CoinVoice recently learned that on October 6, according to Lookonchain monitoring, two addresses took advantage of the price difference of the same token on different chains to earn arbitrage through cross-chain, earning US$1,200 to US$12,000 per day.

The trading strategy is: if someone sells Token A on Ethereum, the price of Token A will suddenly plummet. But the price of Token A on BSC is not affected. Therefore, arbitrageurs can buy Token A at a low price on Ethereum, then cross-chain to BSC and sell it. Among them, an arbitrageur spent 370 USDC to buy NGL on Ethereum, then cross-chain it to BSC and sell it at 382 DAI. After deducting the gas fee, the profit is about 7 US dollars.

But not all arbitrage is profitable. Another arbitrageur spends 2000 BUSD to buy DCK on BSC, then cross-chains it to Ethereum and sells it for 1998.88 USDT. After deducting gas fees, it will lose about $21. Roughly speaking, these 2 addresses arbitrage 5-10 times per hour, making a profit of $50~500 per hour and $1200~12,000 per day. The more large sales/purchases on the chain, the more money the arbitrageur makes. However, this strategy is difficult to implement through manual trading, and arbitrageurs need Bots to monitor abnormal transactions on the chain and quickly buy, cross-chain, and sell. [Original link]