Coygo Terminal Crypto Arbitrage Improvements
Coygo Terminal crypto arbitrage improvements
Hello digital asset traders! We’ve just released an update to the crypto arbitrage features of Coygo Terminal that we’re sure you’ll all be excited to try. This update focuses on three main things: helping you search and filter profitable spreads, helping you configure and submit orders as fast as possible when a profitable spread appears, and application stability and performance.
Need a refresher on crypto arbitrage? See our blog post: *How to Profit from Crypto Arbitrage.*
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 now has three options to help maximize profit without incurring slippage and submit orders as quickly as possible:
Largest w/o slippage— Automatically sets both accompanying buy and sell orders to the largest order amount possible without incurring slippage.
Limit to max available — Limits order sizes to what’s available in your wallets on either exchange.
Set max amount — Allows you to set a maximum order size amount.
Coygo Terminal pre-configured abitrage order amounts
Improved filtering of crypto arbitrage spreads
When searching for a profitable spread, you may only be interested in spreads above a certain threshold. For example if your trading fees will be 0.1%, maybe you only want to search for spreads of at least 0.25%. You might also only be interested in spread where the potential profit is greater than a certain amount, say $5. Coygo Terminal now allows you to set the minimum spread percentage and estimate USD profit to be considered a profitable spread, see the top of the Arbitrage 2.0 screen below.
Configure arbitrage spread filters
Display estimated max profit of a crypto arbitrage spread
A spread of 10% won’t mean much if the max profit on that spread is only $1 because it’s such a small order size. As seen in the GIF above, Coygo Terminal will now provide an estimated max profit (before fees) in USD for each spread to make it easy to quickly assess if you want to try profiting from that spread.
Normalize order amounts data precision between exchanges
Different exchanges support different levels of data precision when submitting orders. For example, if Exchange A allows up to three decimal places (ex: 0.001) but exchange B only allows up to two decimal places (ex: 0.01), when submitting accompanying orders with the same amount you’ll need to submit an order amount with no more than two decimal places. Now by default Coygo Terminal has “Normalize order amount precision” enabled, which will normalize order amounts to the lowest decimal count allowed by either exchange when submitting orders or calculating potential profits.
Bitfinex data-only support
We’ve had many users request Bitfinex to be included as a supported exchange. Coygo Terminal now has data-only support for Bitfinex, meaning that you can use all real-time data tools and include Bitfinex in arbitrage spread calculations. You are unable to connect your account or submit orders to Bitfinex with Coygo Terminal at this time.
General application stability & performance
Coygo Terminal connects your machine directly to each exchange’s real-time websocket data feed, and all calculations are happening on your machine. This allows us to provide the best possible latency, but it means that your machine is doing *a lot *of complicated things *very quickly. *Because of this, there are many things that may cause slow downs, stutters, and in rare cases even application crashes. We’ve identified a number of issues and included many improvements in this release to help provide as much application stability and performance as possible.
Get started with Coygo Terminal today for free
Interested in trying your hand at crypto arbitrage? You can start using Coygo Terminal for free today by signing up on our website. In addition to arbitrage, Coygo Terminal provides everything else you need for your daily trading workflow. Portfolio tracking, real-time data insights, multi-exchange tracking, market data tools, & more.
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