This article has been translated from English to Gen Z Slang.
Arbitrage, or what the cool kids like to call "buy low, sell high on turbo mode," is basically the hustle of sliding into different crypto exchanges to snag dat coin at a bargain and flipping it somewhere else for some extra cheddar. 💰💨
Ya boi got options 'cause there are over 200 exchanges worldwide with prices vibin' similarly across the crypto fam. 🌐
Buuuut, since all these exchanges are doing their own thang, sometimes you'll catch the same coin with a glow-up (price-wise) on different platforms. 📈✨
Arbitrage traders are like price detective ninjas, peeping those juicy price gaps fast enough to beat the fees from bouncing that currency between exchanges and still makin' bank. 💹🔍
But hey, they gotta stay woke on time and those pesky transmission fees too. ⏰💸
To make it rain with this strategy, traders gotta sip on that speed juice and handle biz pronto, sometimes shellin' out more dough for that express lane action over the basic transaction road. 🚀🔄
Peep this simple 101 move: cop 1 Bitcoin (BTC) on Coinbase for $20k, then flip that ish on Kraken for $20,500. Boom, that profit glow-up! 💎📈
But yo, thanks to them trading bots juiced up on speed, local traders are gettin' left in the dust 'cause these bots can seal the deal in the blink of an eye. 🤖⚡