Hello everybody! I need help creating an arbitrage bot. I know basically how everything would need to work, but I don't know how to code everything. I need help from a developer/programmer who knows solidity, and preferably Java as well. I've even found the videos describing the code, but sadly I don't understand the languages and there are some things I need to change like the exchanges, the addresses, etc. I will share the bot with whoever helps me with this (obviously lol), as well as show you how to use it profitably in a way that currently has next-to-no competition from other bots
Jun 30, 2021, 1:45 AM
My friend people have tried to code for the same purpose but failed due to lack of API integration to get the right fata and lots more. I don't want to demoralise you but yes if you succeed then boom you have the moonshot product
Jun 30, 2021, 1:48 AM
Okay, so API integration is the biggest pain to figure out?
Jun 30, 2021, 1:48 AM
No only that , it was continuous monitoring by exchanges.
They can't let bots hover around their data.
Jun 30, 2021, 1:51 AM
The API I have access to allows 5 calls per second per IP, which is more than enough for what I'd be doing
I could honestly call it less than once a second and that would still be okay
I wasn't kidding when I said next to no competition
Just so you know, I'm about to go AFK for a bit, but I'd love to keep talking when I'm back!
Jun 30, 2021, 1:54 AM
It's quite competitive. Anyone with an arbitrage is unlikely to share their method and most arbs are gone within a few blocks or even a block 😛
What chain are you doing it on?
The main difficulty is being first + actually spotting the arb
yep
they can do it with flashbots to have their tx first in a block + pay no gas but instead a reward to the miner
haha ye
at one point i think bots were doing this, people realised but then tricked the bots into buying a fake token which they couldnt sell
https://github.com/Defi-Cartel/salmonella
lol 😂
Jun 30, 2021, 2:20 AM
I'm trying to do it on polygon
I'm on pools every single day that I could almost abritrage by hand. I see the opportunities and they sometimes last minutes at a time
Jun 30, 2021, 2:21 AM
Ah - I think polygon is slightly more forgiving for botting.
Jun 30, 2021, 2:22 AM
With transaction fees less than one cent it's incredible
Jun 30, 2021, 2:22 AM
yep
pretty amazing to just experiment too
get coding then before someone else scoops it up 😁
Jun 30, 2021, 2:23 AM
I'm pretty sure I would be able to create one from scratch with the help of someone who understands the code
That's what's I'm here for lol
Jun 30, 2021, 2:24 AM
if you're going to hire someone, i'd prob not reveal the exact pairs btw 😛
what are you trying to do first?
Jun 30, 2021, 2:24 AM
I legitimately only know the basics of coding, and it would take too long for my tastes to learn an entire language
Jun 30, 2021, 2:26 AM
ah
im bored and don't mind creating a smart contract for you (no cost). you don't have to reveal the exact arb ofc, but just the exchange and functions to call 😁
Jun 30, 2021, 2:27 AM
100%, I'm about to eat supper but send me a DM and we can do that ASAP
Jun 30, 2021, 2:29 AM
cool
I can't rly help monitoring the arbs (not familiar with that) but can make it so all the txs happen in 1 tx (you just need to provide the inputs). First step I guess 😀
Jun 30, 2021, 2:31 AM
If you can help me to do this then I swear I will make it worth your while, and that is the main step I need help with honestly
If you can help me with the smart contact I wanna say I should be able to figure out how to monitor the prices, maybe with a little bit of help when I come across something I can't figure out
Jun 30, 2021, 2:33 AM
monitoring the prices i know how to do, but just dont know the fastest way tbh👍
Jun 30, 2021, 2:34 AM