[Gold Price Report] Overseas exchange → Active arbitrage trading on Bithumb with WAL·ELX reaching a maximum premium of 175%

Crypto Assets arbitrage trading is an investment strategy that takes advantage of asset price differences between exchanges. The operation method involves buying assets on exchanges where prices are lower and selling them on exchanges where prices are higher to obtain profit from the price difference. We have compiled real-time data on popular coins currently providing the best arbitrage opportunities. [Editor's note]

According to DataMaxiPlus data as of 9 PM on June 30, the best arbitrage opportunities are mainly concentrated in WAL and ELX, showing a structure of transfer from overseas exchanges to the domestic exchange Bithumb.

First, after WAL buys at Gate for $0.16585, if sold at Bithumb for $0.16817, it can create a premium of about 1.39%. Based on a position of $10,000, a profit of $298.50 can be realized. Using the same strategy on Binance and Bitget can also provide premiums of about 1.37%, expecting to gain $292.30. All these trades use the Sui network, with a transmission time of about 11 seconds, which is quite fast.

After buying WAL at $0.16595 through Bybit, if sold at $0.16783 on Bithumb, a profit of approximately $251.29 can be obtained with a 1.13% premium. On the other hand, the SEI trading pair presents a 0.61% premium between Gate and Upbit, bringing about $235.13 in profit, but the transmission time based on the Sei network is about 3 minutes and 15 seconds, which is relatively long.

In trading pairs with higher premium standards, Elixir(ELX) stands out. If bought at $0.0206 on Bybit and sold at $0.0569 on Bithumb, a high premium of about 175.09% can be confirmed. This trading pair has a trading volume exceeding 1.38 million USDT, ensuring liquidity.

In addition, there is an arbitrage structure of buying ELX on multiple overseas exchanges such as Gate, MEXC, and Bybit Futures and then transferring it to Bithumb for sale, with the premium maintained at around 170% in the later period. Among them, the Bybit Futures → Bithumb spot structure has formed a transaction volume of over 4.41 million USDT, while MEXC Futures → Bithumb has formed a transaction volume of over 940,000 USDT, which is worth noting.

However, most ELX transactions are based on the Ethereum network, and some exchanges have deposit limits. When actually arbitraging, multiple risks such as transmission delays, deposit and withdrawal feasibility, fees, and slippage must be fully considered.

High premiums reflect phenomena such as insufficient liquidity in specific markets, supply-demand imbalances, and changes in investor psychology, suggesting the possibility of arbitrage.

It should be noted that arbitrage trading is a strategy that utilizes price differences in exchanges to achieve short-term profits, but the premium value of some coins may only last for 5 minutes within a fluctuation range of ±20%, and the price difference may quickly disappear. Additionally, factors such as exchange policies, fund transfer restrictions, and liquidity issues need to be considered, as remittance/withdrawal fees and transfer times will also affect profitability.

DataMaxiPlus, as a Crypto Assets market data platform, collects and analyzes real-time data from major exchanges and markets for visualization. It provides real-time arbitrage opportunity-related information covering price differences, premiums, funding rates, trading volumes, etc., between domestic exchanges such as Upbit, Bithumb, Coinone, Korbit, Gopax and overseas exchanges like Binance, Huobi, OKX, Bybit, Gate, HashKey Global, providing core data support for arbitrage strategies.

[This article does not provide financial advice; the responsibility for investment outcomes lies with the investor.]