Over the past year, we've seen this thing called the flash loan where you are able to take a loan almost instantly without having the amount of assets to back it up.
I'm not so sure why this was made in the first place however the feature is there and we've seen some of the abuse of this in the recent months. One of the reason we had such a huge crash in March of 2020 was because of someone using flashloan to manipulate market price.
Now if you want to learn more about flashloan ... go google it .. there are already tons of materials out there to understand how this works.
Once you understand that ... then you can better understand this tool which I am sharing with you. Its call FURUCOMBO !
https://furucombo.app/
With this app, you can practically create a simple combo which is able to take a flash loan ... do a few swaps (arbitrage) and then payback the loan immediately where you keep the fat profits.
Like the example above. .. I started out with a quick 100 ETH loan .. swapped to 1inch then to DAI and then back to ETH. However in this swap .. i lost about 7 ETH therefore it does not make sense at this point.
There are tools out there to find best arbitrage opportunity and if you have that ... then making a quick flash loan and swapping for profits would make a pretty penny
Cheers all ... go play around with this really cool tool however do understand the risks involved. Have a brilliant day ahead.