KoinKnight is a cryptocurrency arbitrage search engine which helps you discover many arbitrage opportunities in the market. I've been searching for something like this recently and stumbled into this which seems pretty good. After some digging around it seems like it's worth a try.
The Mumbai, India based team that built this service provides many embedded tools to help you in making the quick decisions and converting huge profit without much risk of holding your coins.
Their algorithm does the task of searching and calculating all necessary things needed for the decision making whether to do the arbitrage or not among all major exchanges.
They have a customised alerts system to ensure you don't miss out on any pumps and dumps and any other opportunities in the market. However, as with any investment in the market, invest only that you are willing to lose. Some due diligence and your own research is always necessary.
You can do the following and more using the tools at KoinKnight:
Direct Arbitrage
As the name suggests, it is hassle free and easy to implement arbitrage. Just buy a coin from one exchange and sell it to another.
Triangular Arbitrage
Simplifying and calculating the most complicated arbitrage. Arbitrage with the highest return involved, buy a coin from Exchange 1 then convert in Exchange 2 and sell it at Exchange 3.
Intra-exchange Arbitrage
Cryptocurrency Arbitrage within an exchange. Do arbitrage in a blink of an eye, don't need to wait to transfer coins. Complete your whole arbitrage by buying and selling your coin immediately in different markets.
Loop Arbitrage
No need to worry about your money getting stuck in an unwanted exchange. Making available all the arbitrage opportunities which start and end in the same place.
You can find more information here and also check out their telegram channel here. They have some information on their arbitrage calculation here but please note that the prices are in INR.
I'm going to try this after the weekend is over and hopefully it will lead to some interesting results. If you've tried it or a similar service, please leave me some feedback in the comments below. I hope you find this tool useful.
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