Written by Evan Francis
on 

Find & Trade Crypto Arbitrage Opportunities With Coygo

Hello crypto traders! If you’re interested in exploiting cryptocurrency arbitrage opportunities, Coygo Terminal’s latest update makes it easier than ever to spot price spreads in real-time across multiple exchanges and act on them. No exchange API keys are required! Continue reading to see live GIFs and more information.

(By the way, if you need a refresher on how crypto arbitrage works you can check out our other post titled How to Profit From Crypto Arbitrage Trading.)

Coygo Terminal and Coygo MobileCoygo Terminal and Coygo Mobile

If this is your first time hearing about Coygo, we are a San Diego, California-based US company providing a powerful and secure suite of tools for multi-exchange cryptocurrency insights, arbitrage, trading & more. Coygo Terminal, our flagship product, is a downloadable desktop application for Windows, Mac and Linux that allows traders to view real-time market data and insights without requiring any API keys. If you want to provide your API keys you can connect all of their exchange accounts to have a single, secure interface to track account balances, submit trades, execute transfers between accounts, and lots more. Unlike most other solutions, your API credentials are **only **stored securely on your machine, we never have access to your funds or accounts. All trades and transfers are submitted directly from your machine, our servers never touch your accounts or account credentials.

If you’re on-the-go, Coygo Mobile provides a number of tools for searching and analyzing market data and tracking your portfolio from your mobile device or laptop. Coygo Screener is available on Coygo Mobile and provides a trader-focused alternative to CoinMarketCap. Simply log in to coygo.app from your phone or laptop to access Coygo Mobile.

If you live in the U.S. and you would like to help us shape the future of Coygo, we welcome you to sign up for free today at coygo.app. Your feedback is incredibly valuable to us!

No more API keys required!

We have heard you loud and clear. Some people will never be comfortable sharing their API keys with a third party platform like Coygo Terminal, even though we only store your API keys encrypted on your own hard drive and they never touch our servers. Now you can use all of Coygo’s data tools, like our Arbitrage Scanner, Order Book Superiority Analysis, and Asset Search, to get ahead of the competition without ever giving Coygo Terminal your API keys! If you decide that you want to use Coygo Terminal’s portfolio tracking, trading, or transferring features, then you have the option of entering your exchange account API keys to gain such functionality.

Real-time arbitrage scanner

Our new Arbitrage Scanner allows you to view spreads across multiple exchanges for any trade pair in real-time. One advantage of using Coygo Terminal is that your machine is connected directly to each exchange and subscribing to a real-time websocket feed of data. That means that whatever you see on your screen is being updated *immediately *and *directly *from the exchange, there is no middleman to slow down your access to exchange data. This is something our competitors simply don’t offer.

Real-time arbitrage spreadsReal-time arbitrage spreads

This feature supports markets on any of our supported exchanges that allow real-time data feeds. As of writing that list includes Coinbase Pro, Binance, Poloniex, Bittrex, Kraken. and Gemini, with more one the way.

Combining Coygo’s tools for finding arbitrage opportunities

In our previous update we added the powerful Coygo Sceener for custom filtering and searching of assets. Combining these two tools, you could for example run a custom search for any coins that have a decent 24h volume and are down in price by at least 2% in the 24 hours. This would give you a list of coins that are volatile today and have enough 24h volume to support good liquidity and help avoid slippage. Then you could use Coygo Terminal to monitor real-time spreads for arbitrage opportunities with any trade pairs that include those coins.

Again, all of these data tools can be used without every connecting an exchange account or entering API keys.

Coygo Screener with preset and custom search filtersCoygo Screener with preset and custom search filters

Trading arbitrage opportunities

Once you’ve found a spread that is profitable you can use Coygo Terminal’s One-Click Trading interface to simultaneously multi-exchange trading interface to submit your trades. Remember that this will require connecting your exchange accounts to Coygo Terminal with API keys.

Simply click on a profitable spread to bring up the interface for submitting trades, quickly configure your orders, and submit them in parallel to multiple exchanges.

Submit accompanying arbitrage trades in parallel with One-Click TradingSubmit accompanying arbitrage trades in parallel with One-Click Trading

Pre-configure arbitrage orders to submit trades as quickly as possible

Capitalizing on arbitrage spreads is all about speed, as they may only exist for less than a couple of seconds. Coygo Terminal has three options to help maximize profit without incurring slippage and submit orders as quickly as possible. These can be seen in the GIF above:

For example, you can set your order configurations to enable Largest w/o slippage and Set max amount with a max of $200 worth. Your order amounts will be updated in real-time whenever the order books update, so when you a profitable spread appears you can simply click “Submit buy & sell orders” and submit them as quickly as possible without ever having to waste time manually configure the orders yourself.

Real-time slippage detection

Slippage means that your order is larger than the best-priced ask or bid orders that you will be filling, leading to a worse price and possibly a loss on a profitable spread. To ensure you’re getting capitalizing on the profitable spread you’ve found and not accidentally, Coygo Terminal will analyze the order book in real-time to detect if either order will incur slippage. See slippage detection toward the bottom of the GIF below: when no slippage will occur there is a green checkmark next to the order, when slippage will occur a red warning symbol will be shown to notify you that your order will incur slippage.

Real-time slippage detectionReal-time slippage detection

Transfer between exchanges

Found a profitable spread but you don’t have enough balance on one of the exchanges? Use our Rapid Transfer interface to easily send coins from one exchange to another, and see the estimated USD value of the transfer before submitting. This requires transfer API key permissions, so if you’re not comfortable with that you are free to not give your API keys transfer permissions and not use this feature.

Easily transfer between exchanges with Rapid TransferEasily transfer between exchanges with Rapid Transfer

View your wallet balances on all exchanges

Want to track your gains or see if it’s time to transfer between wallets? View your aggregated portfolio across all connected exchanges, as well as individual wallet balances on each exchange, all without ever leaving the arbitrage screen.

Wallet balances on each exchangeWallet balances on each exchange

Try Coygo Terminal & Coygo Mobile for free!

You can sign up and start using Coygo Terminal for free today at coygo.app. We’d love to hear what you think, your feedback helps us continue to improve the Coygo suite of tools to be the single best solution for cryptocurrency and digital asset traders on the market.

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