How to Set Up Price Opportunity Alerts for Cross-Exchange Spreads

Crypto arbitrage discovery is easy. Discipline is hard. I use Price Opportunity alerts on ArbiSight so my phone tells me when a cryptocurrency price difference might be worth a look—not so I can market-buy every ping like a crypto arbitrage bot with no brakes.

This is the price lane, not funding rate arbitrage. If you want the mental model for when price gaps are actually tradable, start with Price Arbitrage: When to Take Them and When to Walk Away.

What Price Opportunity Alerts Actually Do

On Alerts, the Price Opportunity alert watches cross-exchange ticker price diff % for symbols across the exchanges you select. When the gap is large enough, you get a Telegram message—roughly every 10 minutes while conditions hold, not a firehose every second.

Important detail most people miss: ArbiSight does not alert on gross gap alone. Behind the scenes it subtracts orderbook spread % on the buy venue and sell venue before deciding if the opportunity still clears your threshold. That is spread tracking with execution realism baked in—the same idea I rant about in Gross vs Net Price Arbitrage.

Each message typically shows:

• symbol and headline gross %
• per-exchange price, funding print, and book spread %
• which exchange is the cheap leg (buy) and rich leg (sell)

You can tap Stop {symbol} in Telegram to snooze that name for a while when you are done investigating or want peace.

Setup Steps (What I Actually Click)

1. Open Alerts and register your Telegram username (must match Telegram exactly—case-sensitive).
2. Connect the Price Opportunity bot: send /start to that bot after the UI tells you it is configured.
3. Set price diff threshold — minimum 1% on the platform. I often start around 1.5–2% if my venues have wide books; remember net must still pass after spreads.
4. Pick exchanges — only pairs where both legs are in your list count. Fewer venues usually means cleaner signals.
5. Optional: set a funding fee threshold to block symbols where |funding| on any leg is above your cap. Price arb with toxic funding is a different headache.
6. Subscribe and save.

Free arbitrage monitoring via Telegram is discovery infrastructure. It is not permission to skip Orderbook Snapshot.

Threshold Design So Alerts Do Not Own You

If everything pings, you set the threshold too low or selected too many illiquid venues.

Rules I use:

• Raise threshold until most alerts are "worth opening the laptop."
• Prefer venues I can actually fill on exit, not just entry.
• When a symbol is structural junk (same gap for days), Stop it and read Price Chart history next time it fires.

Alerts should answer: investigate now? Not: go all in.

When a Ping Fires — My Five-Minute Loop

1. Read the Telegram line: gross %, spreads, funding.
2. Open Live Crypto Arbitrage — is the gap still there?
3. Open Price Chart on the pair — surge or plateau?
4. Confirm depth on Orderbook Snapshot.
5. Log decision: trade, watch, or ignore.

Full playbook: Price Arbitrage Workflow.

Price Opportunity vs Market Opportunity (Do Not Mix Them)

Same Alerts page, different animals:

• Price Opportunity → cross-exchange price gap (this article).
• Market Opportunity → funding cycle / rate mismatch timing.

Confusing them is how you open a price hedge because funding looked spicy. I wrote Price vs Funding Arbitrage Alerts so I stop repeating myself in DMs.

Parting Thought

The best arbitrage scanner row in the world is still just a headline. Free Telegram scanner alerts are headlights—they do not replace brakes.

Configure Price Opportunity once, tune it until the signal is rare enough to respect, then let Watchlist and Portfolio Management handle what happens after you actually click buy and sell.

Disclaimer: This article is educational content only and not financial advice. Trading carries risk, including loss of capital. Alert delivery and thresholds may change; verify in the ArbiSight app.