Project Overview

• The Cryptocurrency Arbitrage Bot is designed to identify and exploit price differences for the same cryptocurrency across multiple exchanges (e.g., Binance, Kraken). The bot continuously tracks real-time prices, calculates potential arbitrage opportunities considering fees and transfer times, and executes trades automatically when profitable conditions are met.

Key Objectives:

• Data Acquisition: Fetch real-time price data from multiple exchanges. Arbitrage Detection: Identify price spreads that present profitable = - - - opportunities.
• Automated Execution: Place buy/sell orders across exchanges efficiently.
• Risk Management: Handle errors, transfer delays, and ensure liquidity.
• Performance Tracking: Log trades and calculate net profits.

10/8/

TODOS:

• 1.Register and obtain API keys for exchanges like Binance, Kraken,Coinbase - DONE

• 2.Write a simple script to fetch account balances or current prices to ensure connections are successful. - DONE

• 3.Fetch Tickers from Each Exchange: - DONE

• 4.Implementing Arbitrage Logic by Comparing Prices Across Exchanges - DONE

• 5.Developing Trade Execution Mechanism - DONE

• 6.Determine the amount to trade based on available balances and risk tolerance. - DONE

• 7.Handle Order Confirmation = DONE

• 8.If transferring funds between exchanges, ensure that transfers are tracked and completed before executing subsequent trades. - ALMOST DONE

• 9.Implementing Error Handling and Safeguards - DONE a. Handle API Errors and Rate Limits - STILL

• 10.Manage Transfer Delays and Failures - DONE

• 11.Before placing large orders, check the order book depth to ensure sufficient liquidity. - PARTIAL DONE Avoid slippage by limiting order sizes

• 12.Record details of each arbitrage opportunity and executed trades: - DONE Timestamps Exchanges involved Prices Amounts Net profit

• 13.Run the bot in a simulated environment without executing real trades. - NOT DONE

• 14.Choose a Deployment Environment

NEXT STEPS: TODO:INSHALLAH Cloud Servers: AWS, Google Cloud, Azure for reliable uptime. - NOT DONE

• 15. 1.Register and obtain API keys for exchanges like Binance, Kraken,Coinbase - DONE
• 16. .If transferring funds between exchanges, ensure that transfers are tracked and completed before executing subsequent trades. - DOING
• 17..Before placing large orders, check the order book depth to ensure sufficient liquidity. - PARTIAL DONE
• 18..Run the bot in a simulated environment without executing real trades. - NOT DONE
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THE PROJECT IS YET TO BE COMPLETED - I;M STILL DEVELOPING IT IT NEED ALOT OF REMODIFICATIONS AND IMPROVEMENTS

CURRENTLY WORKING ON: KRAKEN AND BINANCE ALONE