Review of Arbitrage Radar Cross-Exchange Arbitrage Scanner

03/06/2025

Table of Contents

• What does the Arbitrage Radar cross-exchange arbitrage scanner do?
  • Spread List
  • Spread Information
• Scanner Settings
  • Exchanges
  • Maximum Volume
  • Maximum Withdrawal Fee
  • Monitoring
• Advantages of Arbitrage Radar Scanner
  • Service Quality
  • Tariffs
  • Development Direction
• Tips for Working with the Scanner
  • Check Token Contracts
  • Additional Fees
  • Transfer Speed and Network Confirmations

What does the Arbitrage Radar cross-exchange arbitrage scanner do?

This is a scanner in the form of a Telegram bot that tracks prices on various cryptocurrency exchanges in real time and analyzes the price difference of each asset between exchanges. The scanner takes into account all transfer and trading fees, and also shows potential profit, eliminating the need for manual search and spread calculation. Its goal is to identify optimal opportunities that allow you to profitably buy cryptocurrency on one exchange and sell it at a higher price on another, ensuring maximum income for the user.

Spread List

With the /search command, the bot displays an up-to-date list of opportunities, sorted by net profit. Each line shows the main information about the opportunity: the first number is net profit, then in parentheses the net spread value in percentage; after that comes the purchase exchange, then through an arrow — the sale exchange, and finally the token name.

Example of spread list:

Spread Information

The "Recalculate by Volume" button allows you to recalculate the spread taking into account the desired deposit volume that you specify.

Scanner Settings

Arbitrage Radar has many flexible settings that allow you to adapt the bot's operation to each specific user's strategy.

There are no universal Arbitrage Radar settings, as each user's arbitrage strategy is their own and depends on individual goals and capabilities. I will tell you about several, in my opinion, the most important settings. You can familiarize yourself with the other parameters directly in the bot — each of them has a detailed description explaining how it works.

Exchanges

Currently, the bot works with 18 exchanges. In this setting, you can disable and enable each of them, both for deposit and withdrawal. We recommend registering on each of them:

• OKX
• BingX
• Bybit
• Binance
• Kucoin
• Bitfinex
• HTX
• Gate.io
• MEXC
• Poloniex
• Bitget
• Bitmart
• XT
• Ascendex
• Probit
• CoinEx
• CoinW
• Lbank

Maximum Volume

This setting works in a non-obvious way. We recommend specifying your deposit amount in it. In this case, the bot will automatically calculate spreads for your deposit volume if the possible volume for executing the opportunity turns out to be larger. If you don't want to set this setting, you can still recalculate the opportunity. To do this, under the detailed information about the opportunity, you need to click the "Recalculate by Volume" button and specify the volume you are interested in.

Maximum Withdrawal Fee

The transfer fee can be a significant portion of your deposit. And if it happens that the price moves against you during the transfer of cryptocurrency tokens, this very fee can "bite off" a sensitive chunk of your deposit. For example, you have a $500 deposit, and the transfer fee is $15 — that's 3% of your deposit. The "Maximum Withdrawal Fee" setting allows you to filter out opportunities where withdrawal costs are unreasonably high and focus on safer options.

Monitoring

Everything is quite simple here. This setting enables automatic sending of new opportunities to you as soon as the bot detects them.

Advantages of Arbitrage Radar Scanner

Arbitrage Radar stands out among similar cryptocurrency arbitrage scanners thanks to a number of key advantages that make it an indispensable tool for both beginners and professionals in cross-exchange arbitrage.

Service Quality

Our scanners provide comprehensive information on arbitrage opportunities, which simplifies the search for profitable arbitrage situations. Arbitrage Radar analyzes prices, order book volumes, your deposit size, transfer possibility, hedging possibility, and also warns about possible pitfalls for individual cryptocurrency tokens. It also calculates profit taking into account fees for buying, selling and transferring tokens.

Tariffs

Our prices are indeed below market prices, while we do not sacrifice service quality. The "Forever" subscription tariff allows you to pay once for access to the service and use it without restrictions. This is a profitable solution for those who plan long-term work in cryptocurrency arbitrage. We cannot guarantee that this tariff will always be available, but if you purchase it now, access to our bot will remain with you forever.

Development Direction

We try not to limit ourselves to one direction of arbitrage. Currently, a scanner for arbitrage between futures and spot has already been implemented. Work is also underway on a scanner for arbitrage between centralized (CEX) and decentralized (DEX) exchanges.

Tips for Working with the Scanner

In fact, these tips will be relevant for everyone, regardless of which scanner you use.

Check Token Contracts

Less than half of exchanges provide information about a token's smart contract. Therefore, our scanner compares tokens by their symbols, not by contract addresses. In rare cases, this can lead to a situation where the bot shows an opportunity with tokens that have the same name but are actually different assets. As a rule, such opportunities are characterized by a constant large spread. We block them manually. Therefore, it is important to independently check the contract addresses of tokens. Usually, exchanges place this information on deposit/withdrawal pages. In addition, on the chart page you can often find a link to a blockchain explorer, where contract information is also available. There is one life hack that will help you quickly check tokens if time is short. This is an indirect way to determine if they are the same asset. Just compare their charts: if their historical movements match, then with high probability it is the same token.

Additional Fees

On the withdrawal page, you need to check for additional fees. Not all exchanges disclose this information. Where possible, our scanner takes into account the additional fee and indicates it in the opportunity (in parentheses, in percentage). However, just in case, it is worth independently checking this information on the token withdrawal page. As a rule, such a fee is charged as a percentage of the withdrawal amount.

Transfer Speed and Network Confirmations

Exchanges require a certain number of network confirmations before crediting funds. You can find out about them on the token deposit page. One confirmation is the creation of one block in the blockchain. For example, in the Ethereum network, a new block is formed approximately every 12 seconds. If an exchange requires 32 confirmations, the time calculation will be as follows: 32 × 12 = 384 seconds or 6.4 minutes. The average block creation time can be checked in a blockchain explorer. Just open the block history section and see how often they are formed. Over time, with experience, you will be able to quickly determine the approximate token transfer time by simply looking at the required number of network confirmations.