With the rising number of crypto exchanges on the market, there have never been more opportunities to benefit from price discrepancies. The best way to identify and maximize such gains is to use crypto arbitrage bots.
Lately, crypto arbitrage bots have emerged as a powerful tool to automatically capitalize on the price discrepancies across different exchanges. In simple words, these bots enable traders to see the best platforms for buying a particular crypto and the best platform to sell it to maximize returns.
The primary objective of crypto arbitrage bots is to make a profit for users without taking any risk. Our research has found that Cryptohopper is the best crypto arbitrage bot for most people, but others such as ArbitrageScanner and Coinrule stood out as great options too.
- 24/7 trading with bots
- Trailing stop-loss and stop-buy options
- Copy and social trading
- Supports over 15 crypto exchanges and 20 blockchains
- 24/7 notifications of price differences
- Over 30,000 coins available
- Free starter account, limited to 2 live rules and 1 exchange
- 10 supported crypto exchanges
- Trading academy, including analysis of stragegies
Top crypto arbitrage bots in 2024 at a glance
Before we give an in-depth description of the top arbitrage bots, let’s look at the list of 5 best crypto arbitrage bots:
- Cryptohopper: A leading crypto bot with an intuitive interface that offers a range of features to automate trading strategies across multiple exchanges. Cryptohopper arbitrage bot comes with plenty of customization options to help traders maximize their profits.
- ArbitrageScanner :A revolutionary bot that tracks price disparities between exchanges and blockchains, while ensuring the safety of user funds. ArbitrageScanner is a user-friendly bot that enables users to benefit not just from conventional arbitrage but from price differential between diverse blockchains as well.
- Coinrule: A user-friendly platform that is simple in use and effective in implementation. Moreover, the platform enables users to create their own trading strategies without requiring any coding skills.
- Bitsgap: A unique platform that enables users to combine accounts on varying crypto exchanges and trade through a single interface. The platform offers cutting-edge trading tools and analytics to benefit from arbitrage opportunities.
- Gimmer: Offers a wide range of tailor-made bots with plenty of customization options. The bot has a native token and uses a renting, rather than a subscription mode.
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How we chose the best crypto arbitrage bots
We analyzed crypto arbitrage bots using criteria such as number of assets available, security, fees, and more. Our expert reviewers also used their own experience with the platform to judge subjective qualities like ease of use and customer service. Read more about how we rank crypto arbitrage bots in our full methodology later in the article.
An in-depth look at the best crypto arbitrage bots
Now that you know which crypto arbitrage bots are the best, let’s understand what makes them the best.
1. Cryptohopper – Best in terms of customization options
Why we chose Cryptohopper
Cryptohopper arbitrage bot is easy to use and gives users plenty of customization options. The presence of useful customization options helps traders to adapt to different market conditions and use the bot efficiently to achieve their specific goals.
Overview of Cryptohopper
Cryptohopper is a leading crypto bot that offers multiple features to automate crypto trading across many exchanges. The bot connects with multiple cryptocurrency exchanges, and this gives it the ability to access and trade with users’ accounts.
Users are allowed to customize the bot, such as setting trading pairs, buy/sell signals, and stop-loss levels. The bot continuously monitors the market and executes the arbitrage once the set parameters are met.
Cryptohopper bot uses strategies like technical analysis, as well as using third-party sources such as a triangular arbitrage scanner analysis, and Binance’s arbitrage scanner data to capitalize on arbitrage opportunities. The bot also helps users to backtest their strategies using historical market data.
Cryptohopper has an intuitive user interface and uses secure protocols to keep trading details private. Additionally, the platform provides users with a web-based interface to help monitor trades, access historical data and adjust settings.
Cryptohopper coins, fees, payment methods & more
| No. of exchanges supported | 16+ |
| Payment methods | PayPal, Credit Card, Bitpay, Bank Transfer, Gift Card |
| Pricing | Plans ranging from free to $129 per month |
| Customer service | Web chat, Email |
| Regulation | Registered with the Dutch Chamber of Commerce |
| KYC required? | Yes |
Cryptohopper pros and cons
Pros
- Plenty of features and customization options
- Availability of backtesting and monitoring tools
- Supports all major exchanges
- Easy to use, even for new traders
Cons:
- AI available only in the highest pricing tier
- Limited functionality with free mode
2. ArbitrageScanner – Best for cross-chain arbitrage
Why we chose ArbitrageScanner
ArbitrageScanner is a fully manual bot that is user-friendly and secure. More importantly, in addition to conventional exchange price differential, ArbitrageScanner allows users to gain from the price differential between diverse blockchains.
Overview of ArbitrageScanner
Arbitrage Scanner is a revolutionary crypto arbitrage bot that allows users to track price disparities between exchanges without requiring API access. The bot covers both centralized and decentralized exchanges, making it one of the most comprehensive tools in the market.
ArbitrageScanner is a fully manual bot, meaning it detects an arbitrage opportunity and alerts. The platform claims it is the only bot that supports cross-chain arbitrage, which offers more profit margins than intra-chain arbitrage.
What distinguishes ArbitrageScanner from others in the market is its ability to track not only conventional price differences among exchanges but also the price differential between diverse blockchains. Such a feature allows users to gain from diverse blockchains.
Additionally, ArbitrageScanner offers a screener that targets beginners with limited capital. The screener sends alerts on where to buy and sell crypto and estimates potential income from price disparities.
ArbitrageScanner coins, fees, payment methods & more
| No. of exchanges supported | 50 Centralized Exchanges, 25 Decentralized Exchanges, 40 Blockchains |
| Payment methods | Credit card, Cryptocurrency through the CryptoCloud payment system |
| Pricing | Plans ranging from $69 to $795 per month |
| Customer service | Email, Telegram |
| Regulation | – |
| KYC required? | No |
ArbitrageScanner pros and cons
Pros
- Supports more than 10,000 assets
- Offers cross-chain arbitrage opportunities
- Fully manual nature ensures improves security and reduces the risk of hacks or funds loss
- No access to user’s funds by the bot
Cons:
- Short trial period
- Manual nature of the bot and the presence of many features may be overwhelming for beginners
3. Coinrule – Best for non-technical traders
Why we chose Coinrule
Coinrule is a user-friendly platform with a focus on simplicity and effectiveness. The platform’s biggest strength is its ability to allow users to create complex strategies without any coding skill or advanced technical knowledge.
Overview of Coinrule
Coinrule is a user-friendly platform that allows users to create their automated bots for trading on Traken strategies without requiring any coding skills or advanced technical knowledge. Traders can also choose to select from the dozens of pre-made template strategies.
Users can also define trading rules using the simple “if this, then that” logic. Such a feature enables users to implement their strategies easily. The platform also offers leverage trading, allowing users to increase their exposure to different markets.
The platform offers a range of features, including rule-based trading, stop-loss orders, and real-time market analysis. Moreover, with Coinrule’s real-time customer service, users can be sure that their orders are processed accurately.
Coinrule also allows traders to customize their strategies and execute their trades seamlessly across different exchanges. Moreover, the platform offers military-grade inspection and allows users to test their strategies using past data.
Coinrule coins, fees, payment methods & more
| No. of exchanges supported | 10+ |
| Payment methods | Payment methods authorized via Stripe, Chargebee and Checkout.com |
| Pricing | Plans ranging from free to $995 per month |
| Customer service | Email, Live chat |
| Regulation | Incorporated under the laws of the United Kingdom and Wales |
| KYC required? | No |
Coinrule pros and cons
Pros
- No coding skills required to create strategies
- Pre-set template available for users
- Risk free demo mode available for users to test their strategies
- Military-grade security
Cons:
- Comparatively higher pricing
- Fewer features compared to competitors
4. Bitsgap – Best to benefit from arbitrage opportunities across all major exchanges
Why we chose Bitsgap
Bitsgap provides users with cutting-edge trading tools and analytics to help them identify and execute crypto arbitrage opportunities. Another distinguishing feature is that it allows users to create their strategies with just a few clicks.
Overview of Bitsgap
Bitsgap is a powerful crypto trading platform that gives users access to crypto arbitrage trading portfolio management, and automated trading bots from a single interface. Moreover, the platform is known for its advanced trading algorithms and smart order routing technology.
Additionally, the platform provides users with cutting-edge trading tools and analytics to help in identifying and executing arbitrage opportunities. So, whether you are new to the trading world or an experienced trader, Bitsgap has the flexibility and functionality to meet your trading requirements.
Bitsgap continuously monitors the market to scan for arbitrage opportunities among more than 30 digital assets. Users can also customize certain parameters, such as stop-loss levels, trading pairs and technical indicators.
The platform also allows users to view their trading results on a chart, and then decide accordingly. In simple words, Bitsgap allow users to test different settings using a demo trading mode before making a final investment.
Bitsgap coins, fees, payment methods & more
| No. of exchanges supported | 15+ |
| Payment methods | Credit card, PayPal, Crypto transfer |
| Pricing | Plans ranging from free to $143 per month |
| Customer service | Email, Telegram |
| Regulation | Incorporated under the laws of the Republic of Estonia |
| KYC required? | No |
Bitsgap pros and cons
Pros
- Single interface for different functionalities
- Advanced trading algorithms and smart order routing technology
- Low fees compared to competitors
- Trial version available without verification
Cons:
- No live chat support
- Advanced trading algorithms may confuse new traders
5. Gimmer – Best for digital wallets
Why we chose Gimmer
Gimmer has a unique approach to building and buying bots as it doesn’t use a subscription-based model, instead allow users to rent the services using its native token. Additionally, the platform supports customization and all kinds of trading, including margin, auto and copy.
Overview of Gimmer
Gimmer is a Brazilian-based arbitrage trading crypto bot that enables users to automate trading strategies. It provides a variety of customizable bots designed to support activities like copy trading, margin trading, and automated execution – making it one of the Telegram automation tools for crypto worth exploring.
Gimmer offers advanced tools for crypto arbitrage trading, while its machine-learning algorithms and adaptive trading strategies allow traders to execute trades with speed and accuracy.
Experienced traders can create their own trading strategies, while newcomers can rent an arbitrage bot and customize it as per their strategies. The platform has its own token called GMR, which can be used to purchase bots on Gimmer.
A distinguishing feature of Gimmer is that it is somewhat decentralized. Users are required to download the app on their computer, and after that, they can connect their crypto wallet to trade. Gimmer is integrated with several exchanges to allow users to trade seamlessly.
Gimmer coins, fees, payment methods & more
| No. of exchanges supported | 8+ |
| Payment methods | Credit card, PayPal |
| Pricing | Plans ranging from $25 per month to $255 yearly |
| Customer service | Contact us form |
| Regulation | – |
| KYC required? | No |
Gimmer pros and cons
Pros
- Decentralized nature good for security
- Crypto wallet integration makes funding easy
- Renting and customization option suitable for both new and experienced traders
- Use of GMR tokens helps in reducing cost
Cons:
- Setting up the bot is comparatively complex
- Comparatively fewer testimonials and reviews
The best crypto arbitrage bot in 2024 compared
| No. of Exchange | Payment methods | Pricing | Customer service | Regulation | KYC? | |
| Cryptohopper | 16+ | PayPal, Credit Card, Bitpay, Bank Transfer, Gift Card | Free to $129 per month | Web Chat, Email | Dutch Chamber of Commerce | Yes |
| Arbitrage Scanner | 75 Exchanges, 40 Blokchains | Credit Card, Crypto | $69 to $795 per month | Email, Telegram | – | No |
| Coinrule | 10+ | Payment methods authorized via Stripe, Chargebee and Checkout.com | Free to $995 per month | Email, Live Chat | Laws of United Kingdom and Wales | No |
| Bitsgap | 15+ | Credit card, PayPal, Crypto transfer | Free to $143 per month | Email, Telegram | Laws of the Republic of Estonia | No |
| Gimmer | 8+ | Credit card, PayPal | $25 per month to $255 yearly | Contact us form | – | No |
How to choose the right crypto arbitrage bot?
You need to take into account the following factors when selecting the right crypto arbitrage bot:
- Availability of preset bots: Many retail traders lack the requisite skills to develop custom automated trading systems. Such traders need preset arbitrage crypto trading tools that are easy to use with minimum or no user input.
- Good customer support: Arbitrage crypto trading is a complex process. Thus, it is important that platforms offer users enough tutorials, video lessons, and step-by-step guides to help them easily understand this strategy.
- Easy and intuitive interface: Given the complexity of crypto arbitrage strategies, it is essential for bots to present a smooth, simple user experience
- Fair pricing: A competitive crypto arbitrage bot must offer users varying pricing plans depending on features, in addition to a free demo account.
- Multi-exchange support: Preference must be given to bots that support more exchanges, especially those most popular among traders. The higher the number of supported exchanges, the more arbitrage opportunities are available.
- Risk management tools: Even though arbitrage is a low-risk strategy, it is still important that the bots offer effective risk management tools, such as stop loss, adjustable limits and more. The presence of risk management tools minimizes the chances of a bot entering into trades that could result in losses, especially in volatile markets.
The importance of using an SEC-registered crypto platform
An SEC-registered exchange, for instance, ensures robust regulatory oversight of the product and, in turn, ensures that the exchanges comply with strict standards for security and transparency. This ultimately reduces the risk of fraud.
A registered exchange is required by law to implement robust security measures to safeguard user funds and data. In addition to security, a registered exchange also implements consumer protection measures, including dispute resolution, to boost trust and reliability in the exchange.
Overall, it’s reasonable to conclude that registered exchanges are safer and play a pivotal role in providing a secure trading environment.
Risks of using a crypto arbitrage bot
Though crypto arbitrage platforms are very useful, they are not without risks. Some major risks associated with crypto arbitrage platforms are:
- Technical complexity: Setting and configuring a bot can be challenging, especially for new traders. Moreover, operating these bots requires a significant amount of programming skills and technical knowledge.
- High cost: Arbitrage bots can prove costly as they usually come bundled in a subscription package for a bot. So, if a trader only wants to use an arbitrage bot, they still have to pay the full subscription price.
- Limited profit opportunity: Though arbitrage bots can generate profits, this can be very limited. The profit from arbitrage bots depends on price discrepancies between exchanges, which are usually very small.
- Volatility: Crypto markets are very volatile. So, if an arbitrage opportunity exists and it quickly disappears before the completion of the trade, it can result in significant losses for trades.
How do cryptocurrency arbitrage scanners work?
Automated arbitrage trading software or bots help in identifying price discrepancies between cryptocurrencies across multiple exchanges. The bots monitor the prices of cryptocurrencies in real time to enable traders to benefit from arbitrage opportunities.
Arbitrage bots perform this task by converting signals into requests for API keys that exchanges can understand and handle. The bot uses this tech to collect price data from APIs and aggregators.
Arbitrage bots then automate the process of buying and selling on different exchanges to reduce the processing time of a trade. Some bots also calculate the potential profit and assess the cost of the transaction as well. Users can add more exchanges and crypto pairs to magnify their profits.
Types of crypto arbitrage scanners
There are several types of crypto arbitrage scanners with each requiring a different set of tools and software to work. Thus, it is important to understand what type of bot complements your investment style.
- Cross-exchange arbitrage: Such a bot scans for the price variation of the same cryptocurrency across multiple exchanges. When it identifies an arbitrage opportunity, the bot buys the cryptocurrency at a lower price from one exchange and sells it at a higher price on another.
- Spatial arbitrage: It monitors the price of different cryptocurrencies across different exchanges to identify an arbitrage opportunity.
- Triangular arbitrage: These bots exploit the price difference between three different cryptocurrencies across multiple exchanges. Executing triangular arbitrage is almost impossible without the use of a bot.
- Statistical arbitrage: Such bots use mathematical models and statistical analysis to identify and benefit from price discrepancies in the crypto market.
- Risk arbitrage: Bots focus on benefiting from price discrepancies resulting from crypto-related events, such as airdrops, hard forks, and more, which are risk arbitrage bots.
Methodology: How we chose the best crypto arbitrage bots in 2024
We analyzed more than 10 crypto arbitrage bots on 15 factors – both quantitative and qualitative – that matter most to investors and traders. Each bot was assigned a score on each of the factors, and then we used the total score of each bot to come up with the 5 best crypto arbitrage bots in 2024.
Some of the factors that we considered are:
- Ease of use: We gave preference to bots that are easy to use, especially for new traders. By easy to use, we meant a bot that is easy to operate and have an intuitive interface.
- Customer support: It is very important for a bot to have active and responsive customer support. Moreover, a platform must give users several ways to contact customer support.
- Pricing: Preference was given to bots that offer users more and affordable pricing options. We also looked for bots that offer discounts on the subscription fees.
- Reviews and feedbacks: We went through most of the users and professional reviews on the arbitrage bots. Preference was given to bots that have positive reviews and feedbacks.
- Supported exchanges: The higher the number of exchanges a bot supports, more are the chances of users making a profit from arbitrage opportunities. So, we gave preference to bots that support multiple exchanges, including popular ones.
- Customization options: We believe the best Kraken trading bots arbitrage bots are not those that offer too many customization options but rather those that offer useful options. Offering too many customization options may make the whole process complex for users, especially for new traders.
