Building a crypto arbitrage bot

Exploit price differences across exchanges

Introduction

You probably see too many articles or videos on how much a particular crypto arbitrage bot makes money. These are all scams. Don't fall into the trap of thinking they’ll make you a millionaire. Instead, learn yourself how YOU can build one from scratch. In this article I will show how we can develop an arbitrage bot. I don’t give you fish, I teach you how to fish. I don’t promise that the bot we’ll develop will be a profitable one at its current state. But with the knowledge gained from this essay and with the help from mighty Google search and AI tools, you can improve the bot until you’re satisfied with the results.

Building a bot

Let’s first import the libraries.

import ccxt

import time

import fees

fees is a small script I wrote myself. It fetches withdrawal fees from several exchanges. Almost all exchanges charge these fees when you withdraw funds from them. That’s why these costs are important to consider in developing a crypto arbitrage bot. This is how fees.py file fetches withdrawal fees: