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Arbitraging USDT/ETH and USDC/ETH. Is it possible?

Binance

Cryptocoins Exchanges / Binance 162 Views

Hey, i was just buying some eth with usdc and noticed that there was a slight price difference in the two pairs usdt/eth and usdc/eth. So it got me wondering. Can you buy eth for usdt at x amount and sell it for usdc at a slightly higher price like 1-3$ more? Taking into account fees and other variables would this be possible? It would have to be done with a bot obviously but theres differently something out there to execute these high frequency trades. It sounds too good to be true but im not sure.

submitted by /u/Flammyjones
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