It is confirmed from users that Bybit doesn’t have a “one-click arbitrage button”. You do everything manually using P2P buy + P2P sell or another platform. Here is a Step-by-Step: Arbitrage on Bybit (Nigeria).
The Initial Set Up, Which Happens Before Anything
1. Create a Bybit account: Use this guide to Learn How to Create a Bybit Account. Utilize a referral code to receive part of the Bybit referral bonus.
2. Complete KYC verification
3. Add your Nigerian bank account through the payment method section.
Take note to beginners, you can’t trade P2P without this set up.
STEP 1: Go to P2P Trading
Where to click:
• Open the Bybit app or website
• Click: “Buy Crypto” (top menu)
• Then click: “P2P Trading”
This takes you to the peer to peer marketplace, where you have all the tokens and stable assets. All available to be bought or sold.
STEP 2: Buy USDT to kick Start Arbitrage
Click “Buy” • Select: • Coin: USDT • Fiat: NGN • Payment: Bank Transfer
There should be a page list of sellers and details about them.
Always Look Out For Traders With
• High completion rate (80%+)
• Many orders
• Good price
Then Use The “Buy USDT” Button
What happens next:
• Enter amount (e.g. ₦0000)
• Click “Buy”
• You’ll get seller bank details
• Send money from your bank
• Click “Paid”
IMPORTANT NOTE:
Never click “Paid” unless you’ve actually sent money.
After payment:
• Seller confirms
• USDT is released to your account
Bybit holds crypto in escrow until payment is confirmed.
STEP 3: Spot the Arbitrage Opportunity
Now you have USDT, This is where arbitrage happens.
You check:
• Bybit sell price
• Other platform prices (or even same P2P)
You’re looking for:
Buy price < Sell price
Example:
• You bought at ₦1,500/$
• You sell at ₦1,530/$
That ₦30 difference = profit
STEP 4: Sell USDT (Complete the Arbitrage)
Where to click:
• Still in P2P
• Click “Sell”
• Choose:
• USDT
• NGN
• Bank transfer
Now you’ll see buyers.
Click “Sell USDT”
What happens next:
1. Enter amount
2. Click Sell
3. Buyer sends you Naira
4. Check your bank account
VERY IMPORTANT:
Only click “Release” after you receive money.
STEP 5: Repeat the Cycle
If you’re able to keep this circle, that’s arbitrage:
1. Buy cheap
2. Sell higher
3. Repeat
Some people do this multiple times daily. Some use big capitals each time.
Real Arbitrage Strategies
- Same Platform Arbitrage
• Buy low ad
• Sell to higher ad
Easiest method
- Cross-Platform Arbitrage
• Buy on Bybit
• Sell on another exchange
More profit, more stress
- Bank Spread Arbitrage
• Different banks = different speeds
• Faster payments = better deals
Mistakes That Will Cost You Money
From real user experiences:
Some buyers click “paid” without sending money
hoping you release coins
Avoid this:
• Always check your bank first
• Never rush
• Don’t chat outside Bybit
Talk About Where Money Is Made
• Trade during busy hours (morning/evening)
• Pro traders say it’s better to focus on USDT only (stable)
• Start with small money
• Watch price gaps for 10–15 mins before acting
• Save good merchants (Traders)
Simple Example
You start with ₦100,000:
• Buy USDT at ₦1,500 → get ~$66
• Sell at ₦1,530 → get ₦100,980
Profit: ₦980
Now repeat 5 times = ~₦5,000/day (if consistent)
Take Note: Arbitrage is not About Clicking Fast
It’s about:
• Seeing gaps others don’t see
• Moving with discipline
• Protecting your money
Traders say, the opportunity is small… but it repeats.