AAVE Flash Loan Arbitrage Bot (Please read before bidding.)
Budget: ₹600 – ₹1,500 INR
Summary of the algorithm for an Aave flash loan arbitrage bot:
1. Monitor the prices of the assets on different exchanges and identify any price differences that can be arbitraged.
2. Determine the flash loan amount depending upon the balance available. For e.g.:- the interest rate is on AAVE is .09% and the GAS Fees is .00025%, then for a balance available for $100. Then total loan amount one can borrow is $110,803.32
3. Take a flash loan from the Aave protocol for the amount needed to execute the arbitrage trade.
4. Calculate the profit of the arbitrage trade by comparing the prices of the assets on different exchanges.
5. Check the gas fees for the transaction.
6. Compare the profit, interest, and gas fees, and only execute the trade if the profit is greater than the interest and gas fees combined.
7. Execute the trade by buying the asset at a lower price on one exchange and selling it at a higher price on another exchange.
8. Repay the flash loan, including the interest, within the same transaction.
9. Repeat the process as long as profitable opportunities exist.
Note:-
1. You will have to help me in creating an AAVE metamask wallet.
2. You will also have to list me all the exchanges compatible with flash loans.
3. You should be able to show me your previous track record.
4. Please do not bid over the budget.
1. Monitor the prices of the assets on different exchanges and identify any price differences that can be arbitraged.
2. Determine the flash loan amount depending upon the balance available. For e.g.:- the interest rate is on AAVE is .09% and the GAS Fees is .00025%, then for a balance available for $100. Then total loan amount one can borrow is $110,803.32
3. Take a flash loan from the Aave protocol for the amount needed to execute the arbitrage trade.
4. Calculate the profit of the arbitrage trade by comparing the prices of the assets on different exchanges.
5. Check the gas fees for the transaction.
6. Compare the profit, interest, and gas fees, and only execute the trade if the profit is greater than the interest and gas fees combined.
7. Execute the trade by buying the asset at a lower price on one exchange and selling it at a higher price on another exchange.
8. Repay the flash loan, including the interest, within the same transaction.
9. Repeat the process as long as profitable opportunities exist.
Note:-
1. You will have to help me in creating an AAVE metamask wallet.
2. You will also have to list me all the exchanges compatible with flash loans.
3. You should be able to show me your previous track record.
4. Please do not bid over the budget.