Recently I discovered a juicy arbitrage opportunity on the DeFiChain where I expected to make a profit of $2000 in one hour. But my trade failed miserably… here’s the full story and what you can learn from it.
Here’s the video:
Here’s the audio:
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Show notes:
Sign up with my link and get a free $30 bonus of DFI after you deposit $50 into Cake Defi (without my link you only get $20): https://app.cakedefi.com?ref=424819
Download my spreadsheet:
https://docs.google.com/spreadsheets/d/1x87zaaIz2kUOQSb3e60Q_-qzqDo0FA2HptGeEu_d2mI/edit?usp=sharing
How to use the DeFiChain mobile wallet: https://www.youtube.com/watch?v=CDxQmtbfID8
Here’s a list of all my videos about DeFiChain & Cake DeFi:
https://www.youtube.com/playlist?list=PL3q6QaeUG5KX5oG0JyAlFBBJ2QAVK7nRT
Sign up for Bittrex with my link: https://bittrex.com/discover/join?referralCode=4GP-KDW-0TL
Sign up for KuCoin with my link: https://www.kucoin.com/ucenter/signup?rcode=rBEB6BY
Links:
- Cake Defi withdrawals: https://support.cakedefi.com/hc/en-us/articles/360035528272-How-long-does-it-take-for-my-withdrawal-to-be-processed-
- Arbitrage calculator: https://defichain-value.com/d/pT8gjGInk/02-arbitrage-calculator?orgId=1&var-Exchange=Bittrex&var-Exchange=DEX&var-Exchange=Kucoin&var-Trade_Pair=All&var-Amount=1000%20DFI&var-query1=&var-Codes=ABC
0:00 My arbitrage trade failed miserably
0:28 What is arbitrage?
1:03 My 7% arbitrage opportunity
3:29 Why withdrawals from Cake Defi can take up to 72 hours
6:27 What I learned & how to do it right
7:54 Current arbitrage opportunities
