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How do we implement real-time price monitoring in a triangular arbitrage bot?

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Real-time price monitoring is crucial for triangular arbitrage bot development. The easiest way to do this is by using exchange WebSocket APIs, which let your bot get live updates from the order book with minimal delay. Pair that with an in-memory database like Redis to store and process prices instantly. You’ll also need a price calculation engine that constantly checks three currency pairs for arbitrage opportunities. Using event-driven frameworks, your bot can automatically execute trades when thresholds are met. Keeping network latency and processing speed low is key so your bot can react faster than competitors.

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