I have never discussed this on the global forum. so I don't know how people will understand it.


I'm just writing to see what people think.





I have been arbitraging in Korea for 3 years now.


There is a special premium on the Korean exchange.


It usually moves from -3 to 10% over the global price.


If you enter this formula in TradingView, you can see the price premium on the Korean exchange.


'upbit:btckrw/(balance:btcusd.p*fx_idc:usdkrw)*100-100'




The premiums of some altcoins move even more dramatically.



I profit from this difference, usually by moving money between the Korean exchanges and Binance when the market timing is in my favor.


I then hedge the perpetual market to avoid the risk of price fluctuations.


There are more complex techniques.


In South Korea, I'm pretty sure I'm in the top 1% of people who utilize this trading technique.




In 2021, I had a 334% return (everyone made a lot of money back then) and


53% return in 2022


This year, I'm already up 59%.



So far, I've made a net profit of about $429,000 over three years from this trade.




I'm sure there are plenty of people out there with better returns than that, but the strength of my trading method is not in the returns, but in the stability.


I'm free from the risk of price fluctuations. If the price of Bitcoin drops to $1k, I'll still make money.


As liquidity and volatility increase, so does the premium differential, which opens up more opportunities.



SBF also left Korea around 2018 to hunt for price premiums. (It is now difficult for foreigners to operate on the Korean exchange).


The only risk in this trade is that the centralized exchange goes under.




Anyway, what I'm wondering is if these advantages are also attractive to non-Korean global investors.


The returns are not bad, but I feel passive and foolish doing this alone in my room.


I've been doing this by myself for three years, and now I want to expand, and I'm always thinking that there are more opportunities if we collaborate globally.


In a world where scammers are setting up sites and scamming investors, why can't I create an arbitrage system that makes real trades and generates consistent profits?


Do you guys think I have a good chance? Or is this just an uninteresting story?


I've been thinking about this a lot myself, so I'd like to see what the global forum thinks.




Thanks for reading this long post.