Using arbitrage bots can help to reduce psychological risk and other risks associated with manual trading. These bots can identify price discrepancies and execute trades without any human intervention, reducing the risk of human error. Arbitrage Bots are used by traders to take advantage of the financial markets that trade 24/7 all over the world. The advantage bots have over investors is they can react quicker. Meanwhile, most investors also don't have the time to dedicate to always getting the best trade—something that bots can do. The bot looks to take advantage of price discrepancies across exchanges. Arbitrage bots offer numerous advantages, such as the ability to trade 24/7, remove emotional bias from trading decisions, increase transaction speed, and analyze vast amounts of data simultaneously.