| Potential Triangular Arbitrage between USDC, ETH, XRP on Lykke Exchange |  |
| Start | Buy | | Buy | | Buy | End | | |
XRP 100 | ETH 856.90 0.1167 | | USDC 0.0004991 233.81 | | XRP 2.337 100.05 | 0.05 0.05 |
XRP 100 | USDC 0.4279 233.70 | | ETH 2004 0.1166 | | XRP 0.001167 99.99 | -0.01 -0.01 |
ETH 100 | USDC 0.0004991 200352 | | XRP 2.337 85731 | | ETH 856.90 100.05 | 0.05 0.05 |
ETH 100 | XRP 0.001167 85726 | | USDC 0.4279 200342 | | ETH 2004 99.99 | -0.01 -0.01 |
USDC 100 | ETH 2004 0.04991 | | XRP 0.001167 42.79 | | USDC 0.4279 99.99 | -0.01 -0.01 |
USDC 100 | XRP 2.337 42.79 | | ETH 856.90 0.04994 | | USDC 0.0004991 100.05 | 0.05 0.05 |
Above are the different combinations of the triangular flow of executions between USD Coin, Ethereum, and XRP on Lykke exchange. A triangular arbitrage with cryptocurrencies occurs when a given coin's exchange rate does not match the cross-exchange rate of that coin to another counter currency. The price discrepancies generally arise from situations when one coin is overvalued while another is undervalued. Please note, we use the market (spot) prices between cryptocurrency pairs. You should use real-time bid and ask prices obtained directly from the Lykke marketplace in a real situation.
Triangular intra-exchange arbitrage could be appealing because it happens entirely on a single exchange,
unlike other arbitrage strategies that involve trading across multiple exchanges. To find profitable opportunities
among the given 3-coin combinations below, we can determine if a cross-rate is overvalued.
If there is a price discrepancy when trading between selected assets, we can generate risk-free profit
if the orders are performed correctly, respecting all transaction fees.
The Lykke exchange is a semi-decentralized exchange for cryptocurrencies and fiat. The compan. s subsidiaries, which are licensed as financial companies, provide broker and trading services for clients. All possible asset pair types are tradable: fiat fx to fiat fx, fiat fx to crypto, and crypto to crypto. Lykke, as a company, provide. liquidity, issuance services, and consulting. The commissions and fees for Lykke are close to zero. Lykke exchang. . native wallet is Lykke wallet. Telegram | Facebook | Instagram | LinkedIn | Medium
Triangular arbitrage of digital assets is a trading technique that tries to profit from a price difference between three
different coins on the same cryptocurrency exchange or across different markets.
Sophisticated traders did triangular arbitrage for many years in the forex markets, and it can also
be applied to cryptocurrency markets.
Cryptocurrency arbitrage is the process of taking advantage of inefficiencies in markets. With cryptocurrencies, this can happens more
often as the price of coins fluctuates over time and differs on different exchanges against the homogenous counter currency.
If there is a difference between the cost of an asset across other exchanges (or even potentially within the same market),
it may be possible to buy and sell the same coin in a way that will result in a net profit. A triangular arbitrage opportunity is a
trading strategy that exploits the arbitrage opportunities that exist among three currencies on a single exchange or across multiple exchanges.
The triangular arbitrage is found during the exchange of one coin to another when there are discrepancies in the listed prices for the given
counter currency.