Scalping Bitcoin Futures (Binance vs. CME)

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Scalping Bitcoin Futures (Binance vs. CME)

I have access to free Level 2 data for Bitcoin futures from Binance, and I’m able to place orders for Bitcoin futures on CME. Now, I know I could pay for CME’s Level 2 data, but I’m wondering if the Binance data is good enough for my scalping on CME futures.

I understand that any small discrepancies are usually taken advantage of by arbitrage bots operating at millisecond speeds. I’ve also checked both exchanges’ 1m candlestick charts, and they seem pretty close with no huge differences. So for quick scalping, do you think it’s feasible to rely on Binance’s L2 data to trade on CME? Or alternatively would you say the Level 2 data between CME and Binance aligns closely enough in practice?

Yohan Harsha Asked question November 6, 2024
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