$BTC Yes, I have tried arbitrage trading, especially between different trading platforms like Binance, KuCoin, and OKX. The core of arbitrage is to take advantage of the price differences of the same cryptocurrency across different markets. For example, if the price of a coin is lower on Binance than on KuCoin, you can buy on Binance and sell on KuCoin to earn risk-free profits.
To look for arbitrage opportunities, I use arbitrage tracking tools like CoinMarketCap, or some websites that can push price difference information in real-time, such as Cryptowatch and ArbiTool. I also pay attention to cryptocurrencies with high liquidity and large trading volumes, as these are more suitable for arbitrage.
Execution speed is crucial, so I sometimes use APIs to automate the trading process. While the profit from each trade may not be much, it accumulates to a considerable amount over time, and the risk is relatively low.