Interexchange p2p bundle Bybit-> Binance, with profit (spread) 1.5-2%, current as of 2024
This bundle consists in abuzz of Binance exchange when receiving EOS asset through Bybit exchange.
EOS is an open-source cryptocurrency, traded on many exchanges such as Binance,Bybit and so on
Market capitalization = $700mn
EOS transfer fee from Bybit is (0.1 EOS ≈ 0.054$).
1. First you must have USDT on Binance, it will be more profitable to deposit via P2P
2. Transfer USDT to the Bybit account on spot
3. Go to the main section and select the currency pair EOS/USDT
4. Buy EOS on the market order for the full amount of USDT
5. Go to binance in the wallet->EOS->enter and copy your MEMO - this is your internal account number by which binance determines the deposit to you.
6. Go back to Bybit in the wallet->withdrawal->select EOS
7. Specify the binance XRP network address - xrpbideposit and the network should be EOS.
❗️specify your MEMO, which you copied on binance at step 5.
Select the full amount and send
The transfer process takes 8-30 minutes depending on the load of the networks.
The transfer has been credited
Bottom line: we sent 674.195 EOS ≈ 390$.
We received 686.331 EOS ≈ 399.464$ Spread = 2.4%.
The spread itself is received at crediting to binance due to automatic conversion in the networks XRP->EOS
Then convert EOS to USDT on the spot on Binance and send it back to Bybit, and repeat this again and again.