#FamilyIsEverything. APL = 5.55/10 *Authorized conspiracy theorist *Not an authorized preacher.
Example of a current Arbitrage opportunity:
LUNA is 10 cents on Kucoin and wrapped LUNA (WLUNA) is 60 cents on Coinbase.
Buy for 10 cents on Kucoin.
Transfer to Coinbase using the ERC20 network.
Sell for 60 cents on Coinbase.
$100 investment turns into $600 in a couple of steps.
Rinse and Repeat
$600 investment turns into $3,600 in a couple of steps.
Rinse and Repeat
....
Whenever you are satisfied you can use that $ to buy lots of XRP on Kucoin or just buy lots of Ammo
This is just an FYI and not financial advice. For experienced traders.
Doing a small test. I'm probably doing this wrong, trying to send luna to coinbase and Kucoin is saying that there's a 2000 min limit to send
So I did make $8.00 I have to buy USDT ETH or BTC on Coinbase transfer to Kucoin and buy Luna there. But Kucoin wouldn't let me send Luna back to Coinbase to cash out. I bought more Luna and they kept upping the minimum you can send to Coinbase. I find Kucoin confusing.
I bought more and they upped the minimum amount to send. Cashed out at even. Waste of a morning but didn't loose. It seems they implemented this minimum amount you can send to stop the bleeding
wished it would have worked, could have paid for me knew tires!
