Hey guys, I’m wondering if I’m missing something and what are the risks here.
I was on a centralized exchange looking at a token (small volume) lets call it “RNDM” for this example, and saw something similar to:- 10 RNDM / USDT = $1.9
\- 10 RNDM / BTC = $2.5
And when I increase it from 100 RNDM to 10000 RNDM the difference seems to be the same.
I have not bought or sold any yet.
Both of these are on the same exchange.
So I’m wondering if I can just manually do the arbitrage, buy from one pair, sell from another pair, then convert BTC to USDT and repeat.
Seems too easy so I wouldn’t be surprised if I’m missing something obvious here.
Can anyone shine any light on it? And if I could do it, what are the biggest risks?