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Getting profits from trading cryptocurrencies can be rewarding, but who wants to stay up all night monitoring markets? Fortunately, the best crypto arbitrage bot may save the day.
In the crypto world, different types of bots, including those offered by Bybit, assist you with spot and futures trading. Among them, automated arbitrage trading software has been rising in popularity for its ability to identify price differences across markets or exchanges and execute trades efficiently.
Still, finding the best crypto arbitrage bot can be challenging. Thankfully, I am here with the nine best crypto arbitrage bots to automate your trading strategy and potentially maximize your profits:
- Binance Trading Bot - A Free Trading Bot
- OKX - A Suitable Option for Advanced Traders
- Crypto.com - The Potential Edge in Funding Arbitrage
- Cryptohopper - Best Crypto Arbitrage Bot for Beginners
- WunderTrading - An Affordable Arbitrage Trading Bot
- Gimmer - The Market-Making Bot
- Coinrule - Customizable Trading Strategies
- Arbitrage Scanner - A Manual Arbitrage Bot for CEXs and DEXs
Let's get started!
What Are Arbitrage Bots, and Why Are The Options Limited?
An arbitrage bot is a type of automated trading software designed to take advantage of price differences between various exchanges or markets, typically for the same cryptocurrency. The best crypto arbitrage bot typically capitalizes on price gaps by purchasing cryptocurrency at a lower price and selling it once the price reaches a higher level.
For example, if Bitcoin is trading at $30,000 on Exchange A and $30,500 on Exchange B, the bot would buy Bitcoin on Exchange A and immediately sell it on Exchange B, pocketing the $500 difference.
Generally, there are several types of bots based on the arbitrage strategy:
- Statistical arbitrage bots;
- Market-making bots;
- Triangular arbitrage bots;
- Convergence arbitrage bots;
- Cross-exchange arbitrage.
Whichever arbitrage type your bot uses, careful configuration and monitoring are required to ensure optimal performance and risk management.
The most common crypto arbitrage bot you can find on the market will typically rely on a dollar-cost averaging (DCA) strategy.
Why is it hard to find arbitrage bots that execute other strategies? Well, let's get a bit into how this AI-powered bot works. Arbitrage opportunities often exist between different exchanges, requiring the bot to have multiple accounts, API access, and sufficient funds. Some exchanges may impose limits on trading frequency, making it harder to execute arbitrage trades seamlessly.
Meanwhile, DCA bots usually operate within a single platform, making them simpler to implement and less prone to technical issues like cross-platform compatibility or withdrawal delays.
When you’re searching for the best arbitrage trading platform, it’s essential to evaluate several key factors to find a tool that aligns with your goals and risk tolerance. First, consider the customization and strategy flexibility. Different traders have unique strategies and risk preferences, so flexibility in customizing parameters, like price spread thresholds and trading pairs, is important.
Additionally, you should evaluate the bot's performance and speed. Arbitrage opportunities are often fleeting, so a high-performance bot with low latency is critical. The faster the bot, the better it can capitalize on short-lived price discrepancies. Some bots may advertise their average execution times, which can help you gauge speed.
I also suggest researching the arbitrage bot's security features. Since it requires access to your exchange accounts, strong security measures are essential to prevent unauthorized access or hacking.
The clue is to look for features such as two-factor authentication (2FA), API key encryption, IP whitelisting, and integrations with reputable exchanges that offer robust security standards. Open-source options can also provide transparency, allowing you to review the code.
Most importantly, understand your trading styles and preferences. Some people prefer using an exchange's built-in crypto arbitrage bot.
Free arbitrage bots from exchanges often offer familiarity and convenience. However, they may have limitations, such as a lack of customization options and limited exchange support. That's why others turn to an inter-exchange arbitrage bot to capitalize on price discrepancies across multiple exchanges.
To simplify your research process, I’ve listed the nine best crypto arbitrage bots, along with their key features and considerations. Hopefully, you'll be able to choose the right trading bot after this reading.
1. Binance Trading Bot - A Free Trading Bot
Ranks #1 out of 8
- + Crypto portfolio rebalancing
- + Automated crypto investing
- + Auto-place buy or sell orders
- + Grid trading automation
- + Supports order splitting
- - Technical knowledge required
Binance users can utilize the crypto exchange's automated arbitrage trading software, which can be a great addition to your existing trading strategy. You don’t need to re-learn how to navigate the platform or sign up for another trading tool, reducing the learning curve and making it the best crypto arbitrage bot for beginners.
The Smart Arbitrage Bot on Binance is a useful tool for traders to profit from price differences between perpetual future contracts and their spot equivalents.
This tool capitalizes on the funding rate mechanism, which is essentially a fee charged or paid to hold a futures position. By strategically combining spot and futures orders, traders can effectively collect accumulated fees over time.
Binance's funding rate arbitrage strategy is delta-neutral. Basically, it is all about balancing your bets; you buy and sell the same asset and amount but in different markets (futures and spot) to protect yourself from price swings.
Even if the price changes direction, you can still benefit from the funding fees associated with futures contracts. After all, the goal is to make a profit without being exposed to price volatility risks.
To give you more context, funding fees in perpetual futures trading are periodic payments exchanged between long and short position holders to align futures prices with the spot prices of the underlying asset. The funding rate then determines the funding fee, fluctuating over time for every asset independently.
Now, how to subscribe to Binance's Smart Arbitrage? It's relatively easy, similar to what you do when purchasing crypto on Binance.
First, head to the Smart Arbitrage homepage by clicking [Earn], [High Yield], and [Smart Arbitrage]. Choose the principal and portfolio of your arbitrage strategy, and then press [Subscribe] to start. Then, follow the on-screen instructions involving inserting the trading amount and completing the [Smart Arbitrage Tutorial & Quiz].
While the Smart Arbitrage tool simplifies the process and is beginner-friendly, it currently only supports arbitrage between USDT and a limited number of cryptocurrencies, including BTC, ETH, and DOGE.
If you want to have more options, consider checking its Arbitrage bot by clicking [Trade] on the top navigation menu, selecting [Trading Bots], and choosing [Arbitrage bot]. This option offers more portfolios with advanced features like trading graphs and a signal subscription tool. To activate it, you need to sign the [Risk Disclaimer Statements] and open a futures account.
2. OKX - A Suitable Option for Advanced Traders
Ranks #2 out of 8
- + Strong security
- + 650+ trading pairs
- + Good functionality
- + Low fees
- - Not recommended for newbies
OKX provides two arbitrage strategies: funding rate arbitrage (similar to what you have on Binance) and spread arbitrage, which might be an ideal starting point for users searching for the best crypto arbitrage bot.
Starting from the funding rate (or fee) arbitrage portfolio, it is built by pairing a spot trade with its equivalent perpetual swap contract.
When you select a portfolio on OKX, you should see key information about each arbitrage portfolio, including expected annual percentage yield (APY) and current funding rates. The information helps you see which portfolios align with your investment goals.
To begin, choose between crypto-margined or USDT-margined trading and select your preferred portfolio. Then, input the desired price and quantity for each trade, and the bot automatically determines the buy/sell orders based on the portfolio.
You can also adjust the margin mode (cross or isolated) and leverage. If the funding rate is positive, short the perpetual contract; if it's negative, long the contract.
Meanwhile, spread arbitrage exploits price differences between two futures contracts. For instance, if spot BTC is $50,000 and the futures contract is $50,100, buying spot BTC and shorting the futures contract yields a profit, regardless of price fluctuations at settlement.
My favorite aspect of using OKX's Bitcoin arbitrage bot is how you can further customize the trades using available order types, such as Queuing, Surpassed, BBO, and Market. For advanced traders, these order types offer granular control over trade execution, potentially optimizing profits and minimizing risks.
While advanced features on OKX may make it the best arbitrage trading platform for experienced traders, beginners may be overwhelmed by the options. So, for those new to trading and who want to use OKX, it's important to start with simpler strategies and gradually explore more complex ones as you gain experience and confidence.
3. Crypto.com - The Potential Edge in Funding Arbitrage
Ranks #3 out of 8
- + Beginner-friendly
- + Secure
- + Decent trading and withdrawal fees
- + Credit / debit card purchases - available
- - Long KYC verification times
- - Small number of available cryptos
- - Can only exchange cryptocurrencies on mobile
The funding arbitrage bot on Crypto.com involves spot and perpetual futures trades. While it's among the best crypto arbitrage bots, make sure you're in jurisdictions approved for the platform’s derivatives trading before proceeding.
When writing this article, some areas with derivatives trading geo-restrictions on Crypto.com include Australia, France, Netherlands, Hong Kong, and the United States.
But if you've already confirmed you can access Crypto.com's arbitrage bot, let's see the different features it supports:
- Positive carry. Refers to a long-spot and short-perpetual contract strategy.
- Reverse carry. Means a short spot and long perpetual contract strategy.
In the positive carry scenario, let’s say the BTCUSD-PERP’s spot trading is priced at $30,000, and the perpetual contract is priced at $30,050 with a funding rate of 0.0013% per hour. To capitalize on this, one can buy 1 BTC on the spot market at $30,000 and simultaneously short 1 BTCUSD-PERP contract. You'll receive a funding payment of approximately $9.37 daily due to the short position.
If the market converges to $30,025 the next day, selling the spot BTC and buying back the futures contract yields a combined profit of $50, along with the $9.37 in funding payments, resulting in a total profit of $59.37.
Meanwhile, the reverse carry strategy involves taking advantage of a negative funding rate on a perpetual futures contract. In this case, BTCUSD-PERP is trading at $29,950 with a -0.0013% hourly funding rate.
By shorting 1 BTC on the spot market at $30,000 and simultaneously buying 1 BTCUSD-PERP contract, one can benefit from the negative funding rate, receiving approximately $9.35 daily.
If the market converges to $29,975, closing both positions would result in a combined profit of $50, along with the $9.35 in funding payments, totaling $59.35. However, it's important to note that this calculation doesn't account for the margin interest cost incurred from the spot short position.
To have a successful arbitrage execution, regardless of the strategy you choose, ensure you have sufficient wallet balance to complete the trades and margin balance to support the short positions taken. Thankfully, there are no additional fees or charges for running the arbitrage bot on Crypto.com.
Activating an arbitrage bot on Crypto.com is quite easy, especially when you’re already a platform user. Click [Bots] on the upper menu and select [Arbitrage Bot]. Afterward, you can see a set of available trading pairs. Non-registered users can also visit the page to see popular arbitrage pairs and read how the tool works, but you need to sign up to access the trading page.
While the other best crypto arbitrage bot platforms may offer only USDT to activate the bot, Crypto.com lets you start trading with USD, which eliminates the conversion step and potentially reduces fees associated with using Tether as the base currency.
Additionally, you can have multiple arbitrage bots on Crypto.com and edit or pause them if market conditions change or your trading strategy evolves. It’s also possible to terminate an arbitrage bot, but note that the action doesn’t unwind orders that have been filled.

Did you know?
All Crypto Exchanges may look similar to you but they're NOT all the same!
4. Cryptohopper - Best Crypto Arbitrage Bot for Beginners
Ranks #4 out of 8
- + Free trial
- + Supports most major cryptocurrency exchanges
- + Automated and manual trading capabilities
- + Specialized features for beginners and experienced traders
- + Various testing tools
- - Technical issues
- - Overcharge concerns
Some may prefer a built-in crypto arbitrage bot. Free packages and convenience are typically the reasons, but they may have limitations. To be more specific, they're they're often confined to different markets within a single exchange.
If you're looking for the best crypto arbitrage bot that can scan and execute trades across multiple exchanges, consider a tool like Cryptohopper.
This application lets you arbitrage between exchanges without sending funds from one platform to another. You simply need to connect exchanges by filling in at least two API keys, enable [Exchange Arbitrage] on the platform, set the maximum amounts that the arbitrage bot should use for every coin, and let the bot search for arbitrage opportunities on the exchanges you selected.
At the time of writing this article, Cryptohopper supports 17 exchanges, including popular options like Kraken and HTX, giving you a wide range of trading pairs and potentially more arbitrage opportunities.
Note that Cryptohopper only places arbitrage orders if you already have funds for both coins in the exchange, or else your order will be canceled.
Interestingly, you can also perform an intra-exchange or triangular arbitrage on Cryptohopper. This feature enables you to use a third coin as a bridge between the two coins you want to arbitrage. For instance, a trading bot finds an opportunity between SOL and ADA using XRP as the intermediary.
Moreover, Cryptohopper can be the best crypto arbitrage bot for beginners because it offers paper trading. It simulates real-world trading conditions without using actual funds[2], allowing users to test strategies, understand market dynamics, and gain experience before risking real money.
It’s also possible to revert and backlog, meaning you can retry failed orders. For that, enable the retry function to move failed orders to a queue for later attempts. Meanwhile, disabling this function permanently discards failed orders.
If you're interested in using Cryptohopper's arbitrage bot, unfortunately, it's only available on the highest-priced plan at $107 per month, which might be a significant cost for some users.
I recommend taking advantage of the 3-day free trial to fully explore the platform and determine if it's the right fit for your needs.
5. WunderTrading - An Affordable Arbitrage Trading Bot
Ranks #5 out of 8
- + Advanced trading terminal
- + Multiple trading bot types
- + Portfolio tracking features
- + Affordable paid plans
- - Limited knowledge base
WunderTrading’s AI Spread Bot is among the best crypto arbitrage bots due to its ability to analyze large amounts of historical and real-time market data. It can identify patterns and trends among different platforms, helping the bot categorize potential opportunities in statistical arbitrage.
The statistical arbitrage trading strategy on WunderTrading starts by finding pairs of cryptocurrencies that tend to move together. When the prices of these pairs deviate from their normal relationship, the bot buys the cheaper one and sells the more expensive one, betting that the prices eventually return to their usual pattern.
At the time of writing this article, WunderTrading supports 16 exchanges, but not all integrations provide an arbitrage trading capability. Carefully review the supported exchanges and their trading features before choosing WunderTrading to avoid disappointment or missed opportunities.
One aspect I like about WunderTrading is the smooth user experience, with a simple interface that doesn’t overwhelm newcomers. There is also a pop-up window that guides you step-by-step through the setup process, making it easy to get started.
If you have a question, simply click the [Chat] button in the bottom right corner. Initially, you'll interact with an AI that can provide relevant articles based on your query. If the AI cannot resolve your issue, you’re seamlessly transferred to a human agent, typically within 10 minutes. Based on my experience, the team replies in under five minutes.
You can enjoy the seven-day free trial to get yourself familiarized with the platform. However, the arbitrage feature is only available on the paid plan, starting at $4.95 per month, which is relatively affordable compared to other similar automated arbitrage trading software that costs upwards of $20 per month.
6. Gimmer - The Market-Making Bot
Ranks #6 out of 8
- + Free backtesting feature
- + Various bot types
- + Easy setup
- - Outdated layout
- - Not a web-based platform
Gimmer is a decentralized platform that offers a variety of trading tools. Its automated arbitrage bots can connect to multiple exchanges and automatically identify and exploit price differences, so you can buy crypto on the cheapest exchange and sell it on the most expensive one. Adding the instant transfer feature, it sounds like the best crypto arbitrage bot, right?
Beyond inter-exchange arbitrage, Gimmer's bots can capitalize on intra-exchange or triangular arbitrage opportunities. By analyzing trading pairs within a single exchange, the bot can identify profitable triangular trades, where buying and selling different cryptocurrencies can yield a net profit.
Note that it requires users to hold a certain amount of GMR tokens (550 GMR or around $2 at the time of writing) to access advanced features like triangular arbitrage.
Gimmer also offers a free backtesting feature, which allows users to test their trading strategies on historical data. It can be a valuable tool for evaluating the potential profitability and risk of a strategy before deploying it with real funds.
At the time of writing, this platform supports nine exchanges, including Binance, Kraken, and Bitfinex, which may limit its potential compared to other platforms that support over 10 integrations.
Such a drawback could restrict the range of arbitrage opportunities available to Gimmer users, as a wider range of exchanges often translates to more diverse and frequent price discrepancies.
Additionally, while I personally don’t have difficulties when navigating Gimmer, I think this arbitrage bot's layout appears outdated. For example, the boxes, while functional, seem clunky and visually unappealing. They could benefit from a more modern design with cleaner lines, rounded corners, and a more intuitive layout.
Lastly, you should be aware that Gimmer isn’t a web-based platform. Users need to download and install this automated arbitrage trading software, which may not be convenient for all users, especially those who prefer web-based applications. I also couldn’t find many user reviews, making it difficult to assess its reliability, performance, and user experience.
7. Coinrule - Customizable Trading Strategies
Ranks #7 out of 8
- + Strategy testing with demo exchange
- + Expert trading strategy templates
- + Customizable trading rules
- + Backtesting for strategy validation
- - Limited crypto exchange support
- - A bit pricey for what it delivers
Coinrule might not represent the ideal concept of the best crypto arbitrage bot, but it could be a potential choice for those seeking a highly customizable crypto bot.
Its unique approach allows users to build intricate trading strategies using an "If-Then" logic, similar to spreadsheet formulas. With this tool, you have the flexibility to make a trading bot from scratch, tailoring your strategies to specific market conditions and personal preferences.
To get started with Coinrule, simply connect your exchange account via API. Currently, Coinrule supports ten popular exchanges, including Bybit and Kraken. While this may seem limited, it's sufficient for many users who primarily trade on these platforms. For added convenience, Binance and Coinbase users can connect their accounts with a single click.
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Afterward, go to [Rules] and click [+ Create Rule] to choose an event or timer to trigger the rule, as well as what action a rule should perform: buy, sell, or get notified. Use [Operators] to make an additional condition or action steps. Then, run multiple bots across all coins available on the market and the coins held in the user’s exchange wallet.
When you're handling complex strategies with multiple coins, Coinrule maintains efficient execution speeds. Its direct WebSocket connections to exchanges ensure rapid responses to market changes, minimizing latency and maximizing potential profitability.
I also find the interface to be user-friendly, with a clear and visually appealing layout. The vibrant color scheme and easy-to-read fonts help differentiate sections and guide users' attention. Navigation is straightforward, and the helpful [Guide] feature provides step-by-step instructions on each page.
If you're unsure about building a trading bot from scratch, consider exploring Coinrule's 150+ customizable trading presets or visiting the [Marketplace] to purchase pre-built strategies created by other traders.
Additionally, you can check Coinrule's [Baskets] feature, which groups coins based on specific themes like DeFi. By selecting a DeFi basket, for example, you can easily create trading strategies related to the coins on the decentralized ecosystem, such as Chainlink and Aave.
Another unique feature worth mentioning in this best crypto arbitrage bot list is CoinruleGPT. The AI-powered assistant can help find answers about Coinrule and create or optimize your trading strategies. Try coming up with natural language prompts to instruct CoinruleGPT to generate tailored strategies based on your specific goals.
8. Arbitrage Scanner - A Manual Arbitrage Bot for CEXs and DEXs
Ranks #8 out of 8
- + Allows you to arbitrage on profitable strategies with minimal risk
- + Supports 30+ CEX and DEX exchanges
- + Spread notifications are sent every 2 seconds
- + Manual bot reduces risks
- + Free training & access to private chat
- - No mobile app
When searching for an “automated” arbitrage trading software, Arbitrage Scanner, a fully manual bot, may be your last option. However, I think this tool can be your best crypto arbitrage bot thanks to its quite powerful exchange analysis (on centralized or decentralized platforms as well as spot and futures markets). It readily displays ready-made spreads, indicating where to buy or sell and the potential profit.
At the time of writing this article, it supports 40+ exchanges, including DEXs. In my opinion, this is where Arbitrage Scanner can fill the void of other platforms because many arbitrage bots only focus on centralized exchanges. It provides a powerful tool for identifying arbitrage opportunities across a wide range of platforms, although it may not be fully automated.
One benefit of manually executing trades based on the platform's analysis is that you can capitalize on price discrepancies without the need for complex programming or significant technical expertise. The Arbitrage Scanner’s website mentions that the clients caught a spread of 15-25% per round and publicly earned at least 10% of their total assets per month.
The product offers a wide range of details designed to optimize arbitrage trading strategies, such as withdrawal fees that provide transparent information on fees to minimize costs and spread lifetime that tracks the duration of profitable spreads to maximize trading opportunities.
Additionally, it has ArbitrageScanner Message, a tool that provides early access to breaking news and market insights. By monitoring Telegram channels, chats, and Reddit, the feature identifies relevant information and sends real-time notifications to your Telegram to help you capitalize on opportunities from the market-moving news.
Arbitrage Scanner also supports wallet analysis, mass search, AI analysis, and notifications of all transactions. For example, you can search by filters for wallets that earn over $100,000 per month.
Its Test plan, starting at $69 per month, unlocks core features like arbitrage scanning, customizable notifications, wallet analysis, and 24/7 support.
Conclusions
Finding the best crypto arbitrage bot for your specific needs can still be a challenging task, especially when considering how the options in the market may not be as vast as other trading tools.
That said, with this list of the best arbitrage trading platforms and bots, hopefully, you can make an informed decision. In short, the best Bitcoin arbitrage bot or automated trading platform for cryptocurrencies depends on your experience level, risk tolerance, and trading goals.
For beginners, consider an exchange’s built-in crypto arbitrage bot. They're a great starting point since they're free to use and simple to set up.
You can explore these bots on Binance, Crypto.com, and Bitget. Meanwhile, more advanced traders can explore third-party automated arbitrage trading software like Cryptohopper and WunderTrading.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Scientific References
1. Zhang Y., Li Z., Yan T., Liu Q., Vallarano N., Tessone C.: 'Profit Maximization In Arbitrage Loops';
2. Dakalbab F., Talib M. A.: 'Artificial intelligence techniques in financial trading: A systematic literature review'.