Arbitrage Opportunities
Arbitrage Opportunity Alerts highlight potential profit opportunities arising from price differences between different cryptocurrency exchanges or markets.
Last updated
Arbitrage Opportunity Alerts highlight potential profit opportunities arising from price differences between different cryptocurrency exchanges or markets.
Last updated
Arbitrage opportunities in decentralized finance (DeFi) arise when there are price discrepancies for the same asset or token across different decentralized exchanges (DEXs) or liquidity pools. Traders can exploit these price differences to make a profit. However, it's important to note that the DeFi space is dynamic and rapidly evolving, so opportunities can change quickly.
Here are step-by-step instructions on how to take advantage of arbitrage alerts in Alterscope app:
Under Signals section click on Add Subscription button under Arbitrage Opportunity. The button is highlighted in black box in the screenshot below.
Clicking on Add Subscription button will require you to enter important fields to create a Arbitrage opportunity alert subscription. Fill in the fields and click on Add button (located below the input fields). Please refer to the screenshot below. Note: Description regarding the fields is provided below the screenshot.
Name: Name for the Alert.
Username: The username is a unique identifier displayed when alert is received.
Asset Address: This represents the wallet or smart contract address for which you want alert tracking enabled. Once an alert related to that particular asset arises within the system, the user will receive a alert.
Upon clicking on the Add button, a subscription notification popup will be displayed on the lower left. See the snapshot below for reference.
An example of arbitrage opportunity alert received in discord is shown below for reference.
Delivery Channel: This field outlines the chosen communication platform for receiving alerts. Currently and is supported.
Webhook: A webhook is a mechanism that allows automated messages to be sent from one system to another. Currently the discord and slack webhook is supported to receive notifications. You can find instructions on how to create a discord webhook and slack webhook .
