Best Crypto Arbitrage Scanner in 2023. A Review.

As of today, there are numerous ways to earn on cryptocurrencies, but crypto arbitrage is one of the few methods that allows you to make stable profits with minimal risks, provided you approach it correctly. In this article, we will explore the best cryptocurrency scanners and explain why they are worth using.

We had several evaluation criteria:

1. Reputation and product reviews.

2. Functionality.

3. Capital reliability.

4. Prices.

5. Education.

6. User-friendliness.

And here is our rating:

Ranking 

1. ArbitrageScanner

2. 3commans 

3. Bitsgap

4. P2P Army 5.

Cryptohopper

6. Trality

7. Coinrule

ArbitrageScanner is the best crypto scanner and screener, in our opinion, as of today. It supports over 80 exchanges, including local exchanges in Turkey, Korea, and Brazil for arbitrage opportunities. It is the only scanner that works with DEX (decentralized exchange) platforms and supports over 30 blockchains and more than 40 DEX exchanges.

As we recently noticed, the project has introduced a new tool - the Screener, which allows you to profit from price differences between exchanges.

Here's how it works: you buy a coin on one exchange and then transfer it to another exchange where the price is higher. Once the coin arrives at the second exchange, you sell it, making a profit from the price difference.

For instance, one of the project users and also our reader purchased XRP at $0.55 on the Bybit exchange when the price on Binance was already $0.63. They transferred the coin to Binance, and when it arrived, the price on Bybit was $0.62, while on Binance, it reached $0.7. By selling XRP on Binance, they made a profit of 27% within a couple of minutes.

 

For these reasons, users choose ArbitrageScanner.io for arbitrage as it is a highly convenient and functional tool capable of bringing profits to its users.

- Reputation 10/10: We have read reviews online and asked readers of our website, and everyone was satisfied with the service's performance. The main advantages highlighted by users include a private chat for clients, the functionality of the service, and educational materials and case studies for newcomers to crypto arbitrage. These resources help users understand the principles of the service and how cryptocurrency arbitrage works.

- Functionality 9/10: While there is no automatic scanner, users mentioned that this is one of the reasons they chose the service. We also believe that not dealing with users' money is a significant advantage. The service cannot access clients' balances. This differentiation is crucial, especially when dealing with large capital amounts. Furthermore, the ability to perform arbitrage between DEX exchanges and blockchains is a standout feature. Another highlight is the Screener, allowing users to increase their capital with an $800 balance without buying and holding tokens for the long term.

- Capital Reliability 10/10: Giving anything less than 10 here would be incorrect. The scanner does not handle your money, does not connect through API to your account, and does not take any funds. It only works with reputable exchanges from the top list. Remember that there are scam schemes that involve legitimate exchanges followed by scam exchanges, so be cautious.

- Prices 9/10: The price ranges from $69 to $1199, which is generally acceptable. After talking to service clients, they reported that the subscription easily pays for itself, just like the example mentioned earlier, where a reader made $280 with a $1000 investment in one round.

The monthly subscription price is $200 with the Screener included. This cost covers access to a private chat for service clients, where users share their experiences and receive educational materials and case studies. Users value this as another advantage of the service. The scanner is interested in helping users earn through their bot. Additionally, for payments of $700 and above for the scanner's services, users receive a personal curator who can have phone calls with them, assist with personal settings, and provide support in cryptocurrency arbitrage.

- Education 10/10: As mentioned earlier, the service offers excellent education for both beginners and experienced arbitrage traders. The perfect score is due to the closed community where everyone helps each other.

- User-Friendliness 8.5/10: We purchased the PRO tariff for $199 to test the service. Initially, it was a bit unclear how to set up everything, as all notifications go through Telegram. The instructions were clear, but perhaps we lacked experience in arbitrage. However, we quickly figured it out and were able to set up each pair within 30 seconds.

The Screener was also set up quickly, but we are waiting for the web version. Currently, it's a bit inconvenient to catch deals and process them. Notifications come every 5 seconds, but the service has promised an update soon.

 

We won't dwell on it, but this service fulfills its main function as a scanner and screener perfectly, achieving a score of 100%.

Overall rating: 9.42/10. This scanner is worth its cost, and we recommend it. Our assessment based on six main criteria is 9.42 out of 10. The main advantages include a good screener, allowing even those with a $1000 capital to make gains of 30-70% per month, especially in arbitrage between DEX exchanges.

3commans 

In second place, we have the most popular automatic bot. However, it is less suitable for arbitrage compared to ArbitrageScanner. With this bot, users can write their own bots and develop trading strategies.

- Reputation 8/10: There are practically no negative reviews online about this project. Many users appreciate the ability to create their own bots with trading strategies. However, there have been cases in the past where users lost their funds, leading to serious disputes on the internet. Some users' capital simply disappeared. It is unclear whether the bot was responsible for this or if external criminals accessed users' accounts through the API and withdrew funds through automatic arbitrage with their own accounts. It's unclear who is behind these actions - project employees or external criminals. Due to these incidents, the project's rating was reduced by two points. It is essential to note that such cases are isolated, and most of the time, the bot functions successfully and has been operational for quite some time. Consequently, the overall project rating remains high.

- Functionality 6/10: The product receives a score of 6 because its functionality falls short compared to ArbitrageScanner. This product offers automatic arbitrage, but it is limited to only one exchange, and currently, there is almost no spread. Although there is inter-exchange arbitrage on six major exchanges, large exchanges have almost no spread, resulting in significant competition.

Additionally, there is no support for DEX exchanges, which are currently the main profitable method of arbitrage and capital inflow. Furthermore, there is no screener to identify promising opportunities.

As a result, the product receives a score of 6 out of 10 for this criterion since it does not provide the means for effective arbitrage with a small capital on DEX exchanges, which is a crucial factor for a successful arbitrage tool nowadays.

The bot is suitable for trading with different strategies but not for arbitrage.

- Capital Reliability 8/10: The bot has been functioning successfully in the market for a long time. However, isolated cases of money loss have been reported. For this reason, we deduct two points for connecting via API to users' accounts. It is essential to realize that in such situations, you are at risk, not the company-developer.

You should be particularly careful since scammers can withdraw your capital through the NFT market or trading significant assets with their accounts. In this niche, there is a lot of fraud, so caution is necessary.

Nevertheless, among all automatic bots, 3commans is the best. But we must emphasize that working with automatic bots or using capital you are not prepared to lose is not recommended. It's crucial to be prepared for potential risks and exercise caution when investing your funds.

- Prices 8/10: Prices in this market are relatively good and low, but they are suitable for this niche. However, when it comes to arbitrage functionality and automatic bots, most trading is concentrated on six major exchanges and within them. This leads to opportunities for profit on these exchanges being exhausted, making arbitrage less effective there.

- Education 9/10: The education provided here is good and of high quality, but in the area of arbitrage, it may be somewhat weaker. Nonetheless, it is still rated as good compared to other options. There are a few case studies.

- User-Friendliness 8/10: The setup might be a bit more complex than the scanner, but it is manageable.

Overall rating: 7.83/10. If we were evaluating automatic bots for trading within an exchange, this would be the top resource. However, since we are evaluating arbitrage bots, 3commans falls far behind in terms of functionality compared to ArbitrageScanner but has a rightful claim to the second place.

Bitsgap is ranked third in our rating. They also have an arbitrage bot, but it suffers from the same issue as 3commans, being an automatic bot with limited functionality.

- Reputation 7/10: There are cases where users complain about the disappearance of their capital. It's unclear whether these incidents are due to hacked accounts or actions taken by the service team. Nonetheless, despite such incidents, the service has been operating successfully for a considerable time, which is why it made it into our rating.

- Functionality 6/10: The functionality for arbitrage in this product is similar to 3commans, but again, it lacks a screener to track inter-exchange opportunities and the ability to work with DEXes. As we are evaluating bots specifically from the perspective of their arbitrage capabilities, these limitations contribute to this score.

- Reliability 7/10: Be prepared for possible risks associated with connecting via API. Due to this vulnerability, sooner or later, you may face losing your funds due to bugs or hacking. It's essential to consider whether you are prepared to lose your capital in such a scenario. Based on these circumstances, the product receives a score of 7 out of 10. We do not recommend working with large amounts of capital.

- Prices 8/10: The prices for this product are quite attractive, especially if you need to set strategies and perform minor actions. However, it's essential to emphasize that our evaluation pertains specifically to arbitrage, and in this aspect, this product falls behind competitors, despite being available from as low as $30.

- Education 9/10: The education provided is good, but it might seem insufficient in terms of arbitrage. However, when compared to all other arbitrage bots, it is still quite decent, although some may find the number of case studies to be lacking.

- User-Friendliness 8/10: The setup is of moderate complexity, and it is manageable, but it might require slightly more time than other scanners.

Overall rating: 7.5 out of 10. It is a reasonably good bot for automatic trading, but, like other automatic bots, there is a risk of losing all your capital. When evaluating the functionality of an automatic bot, it's good, but for arbitrage, it's relatively weak.

P2P Army is ranked fourth in our rating, and it comes with an arbitrage crypto scanner that shows price differences between Binance, Huobi, Bybit, and OKX.

- Reputation 8/10: The service has a good reputation, but not flawless. Some users have expressed negative opinions, mentioning difficulties in finding liquid pairs and failing to make their subscription profitable.

- Functionality 5/10: This bot supports only the four most popular exchanges, making it challenging to find good spreads due to high competition among arbitrage traders and service users. Additionally, this scanner exclusively works with P2P crypto arbitrage, significantly affecting its versatility.

- Reliability 10/10: Similar to ArbitrageScanner, this bot does not request API access, which is a positive aspect for this criterion.

- Prices 7/10: The Standard plan costs $207 for 3 months, which is reasonable given the limited exchange support and functionality.

- Education 5/10: The interface is quite understandable, and the usage is intuitive, but there are no educational materials on arbitrage. The product seems to be focused solely on P2P arbitrage, so all the materials are related to that.

- User-Friendliness 10/10: The service is straightforward to use, and everything is intuitively clear, similar to Apple products.

Overall rating: 7.5. It's a good product, but it has its drawbacks, such as the limited number of supported exchanges and a narrow focus on P2P crypto arbitrage.

Cryptohopper is another automated trading service with its own trading bots.

- Reputation 5/10: There is a considerable community of dissatisfied users who criticize the service for poor customer support, bugs, and lags in the bot's performance.

- Functionality 6/10: The functionality is similar to the second and third places in our top. The bot lacks a screener to track inter-exchange opportunities and the ability to work with decentralized exchanges. As we are evaluating bots specifically from the perspective of their arbitrage capabilities, these limitations contribute to this score.

- Reliability 6/10: This bot is also automatic and requires API access. Some users reported missing funds after connecting this bot. It's unclear if these issues are related to the bot or the service itself. Nonetheless, these incidents negatively affect the service's reputation, and we have to lower its reliability score.

- Prices 7/10: The prices for the lowest-tier plan start at $16.58, but it has limited features. The plan that provides full access to all service capabilities costs $83.25. In terms of arbitrage specifically, this bot falls behind all the ones mentioned earlier.

- Education 9/10: This service has an extensive set of lessons, including video tutorials, tutorials, and an academy. However, regarding arbitrage, there are relatively few case studies and practical materials. Nevertheless, we give a plus for the overall volume of cryptocurrency-related information.

- User-Friendliness 7/10: The service is quite complex for beginners, although there are guides on usage, it was not immediately straightforward for us to understand. This is why we give the service this rating.

Overall rating: 6.6/10. It's an average product, but as a representative of an automatic bot, it's not bad. However, there are significant drawbacks, such as the absence of DEX trading, service reliability, and the difficulty for beginners to use it.

Trality is a cryptocurrency trading automation bot that allows users to create their own trading bots by writing Python code. The bot operates on four exchanges: Binance, Kraken, Coinbase, and Bitpanda.

- Reputation 7/10: The service has an average reputation. Like all automated bots, it requires API access, and there are some dissatisfied users who complain about the service's closed nature. They cannot find out how the service works without purchasing a subscription, and contacting the administration is also challenging.

- Functionality 5/10: In essence, it is a basic script that executes under specified conditions, without any distinguishing features from its competitors. It supports very few trading exchanges. While there is a marketplace with ready-made bots and strategies, they do not inspire confidence.

- Reliability 5/10: Similar to other automatic trading bots, Trality requires API access. The project's secretive nature raises doubts about its reliability, and there are reviews mentioning disappearing funds from accounts. Although we cannot confirm or refute these claims, it still affects the service's reliability score.

- Prices 6/10: The pricing plans are set at 10/40/60. Given its functionality, this rating is appropriate. While it competes in pricing with its rivals, it does not offer the same quality and quantity of features.

- Education 5/10: The website has a blog with news, but there is no useful information on arbitrage. As a bot for arbitrage, it is not well-suited.

- User-Friendliness 2/10: The bot is complicated for beginners. Users struggle with questions on how to use it and how to set it up. Although instructions are available, understanding and writing one's own bot would require a significant amount of time and effort.

Overall rating: 5.83/10. The service is an average product, but as a representative of automatic bots, it falls behind all the ones mentioned earlier. It has several drawbacks, such as the absence of DEX trading, service reliability, and difficulty for users to use.

Coinrule:

- Reputation 4/10: The service has received many negative reviews from users. People complain about poor performance, endless lags, and label the project as a scam.

- Functionality 3/10: The bot operates only on three exchanges: Coinbase Pro, Binance, and Kraken. Like previous automatic bots, it lacks distinguishing features compared to competitors. Trading on DEX exchanges is entirely impossible, and there are certain ready-made strategies that users can choose from.

- Reliability 4/10: The bot requires API access, which is another drawback. Most of the customer reviews are negative.

- Prices 4/10: The pricing plans are set at 30/60/500. Given the bot's functionality, the prices are quite high.

- Education 2/10: There are hardly any materials on cryptocurrency arbitrage. Many articles on the website and academy are inaccessible for reading. There are no case studies. The small plus is for having some materials on the website.

- User-Friendliness 6/10: There are instructions for setting up the bot, and users can also buy other people's strategies from the marketplace. For a complete novice in arbitrage, it will be difficult to figure out, but it is possible with enough time and effort.

Overall rating: 3.83/10. In our opinion, the service is below average. It has several significant drawbacks and lacks standout features compared to its competitors. Currently, we do not recommend using this bot.

Conclusion:

Our conclusion: All of these bots deserve their place in the ranking, but among them, ArbitrageScanner stands out. While there are many automatic bots, their functionality is limited, they do not work with DEX exchanges, and they do not provide a scanner that allows for quick buying on one exchange and selling on another when profitable spreads arise.

ArbitrageScanner allows users with a small capital to earn around 20-30 percent per day simply by engaging in arbitrage. Additionally, this community has a significant number of experienced arbitrageurs who are willing to share their knowledge and insights. The choice ultimately remains with you, but we strongly recommend paying attention to ArbitrageScanner, as it allows you to avoid risking your own money and provides quality functionality for the subscription to the service.