Data: Daily profit of $1200 to $12000 from cross-chain arbitrage between two addresses

According to ChainCatcher news and monitoring by Lookonchain, two addresses are exploiting price differences of the same token across different chains to earn arbitrage profits, with daily earnings ranging from $1,200 to $12,000.

It is reported that their trading strategy is as follows: If someone sells token A on Ethereum, the price of token A suddenly plummets. However, the price of token A on BSC remains unaffected. Therefore, arbitrageurs can buy token A at a low price on Ethereum and then cross-chain to BSC to sell it. One arbitrageur spent 370 USDC to purchase NGL on Ethereum, then cross-chained it to BSC and sold it for 382 DAI. After deducting gas fees, the profit was approximately $7.

However, not all arbitrage opportunities are profitable. Another arbitrageur spent 2000 BUSD to buy DCK on BSC, then cross-chained it to Ethereum and sold it for 1998.88 USDT. After deducting gas fees, they incurred a loss of about $21. Roughly calculated, these two addresses arbitrage 5-10 times per hour, earning $50 to $500 per hour, with daily profits of $1,200 to $12,000. The more large sales/purchases on-chain, the more money the arbitrageurs make. However, this strategy is difficult to achieve through manual trading; arbitrageurs need bots to monitor on-chain abnormal transactions and quickly buy, cross-chain, and sell.