I spotted this opportunity in a Telegram bot screener and decided to take my time to verify everything first.
The token was actively traded on all exchanges, so it didn't bother me that deposits/withdrawals were closed somewhere. Deposits were only available on the Ethereum network, while withdrawals were possible on BEP20 and Mantra.
I proceeded to transfer my balance to the exchanges. I sent 199 USDT to Bitget and 148 USDT to XT.
First, I opened a short position on XT with a limit order at 5.84 USDT.
Next, I bought OM on the spot market on Bitget with the entire amount using a limit order.
With the assets purchased, I waited for the prices to converge.
After 4 minutes, the spot price on Bitget increased by $4, and I immediately locked in this profit without closing the short position on XT.
An hour later, when the spot price dropped slightly, I decided to buy the coin again on the spot market, but this time with half of the deposit (99 USDT), and placed a limit sell order at 5.59. This way, I "insured" the short position on XT against a possible price increase.
I noticed that the spread between the spot and futures prices within Bitget was the same as between Bitget and the futures price on XT. So, I also opened a short position on Bitget.
After waiting another hour, I closed the short position on XT with a profit of 4.7 USDT and the positions on Bitget with an additional profit of 5.8 USDT.
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