WazirX USDT Arbitrage | Bitcointalksearch.org

thevalerka

newbie

Activity: 2

Merit: 0

Quote from: gentleman2019 on January 06, 2020, 06:56:21 PM

USDT/INR on Waz seems illiquid to me, last trade 70.00 and it was 5 hours ago.

Didn't get what the other leg of the arbitrage is here. EUR/USDT is pretty close?

USDT/INR is illiquid in the exchange, but you have to look at the P2P which is very liquid. The other leg of the arbitrage is done via FIAT banks.

gentleman2019

newbie

Activity: 25

Merit: 27

USDT/INR on Waz seems illiquid to me, last trade 70.00 and it was 5 hours ago.

Didn't get what the other leg of the arbitrage is here. EUR/USDT is pretty close?

thevalerka

newbie

Activity: 2

Merit: 0

Hi, I am investigating the possibility to trade the difference of value between USDT in WazirX (P2P) and USDT in any other exchanges.
As I'm writing USDT/INR is 74.49 USD in P2P with a +3.5% markup on the current value of USDT , which shall be approx 71.92 INR.

In my eyes (I'am an arbitrageur) this is a huge differential. Even considering bank commissions, volatility of inr/usd, spreads, this is potentially an easy gain, WazirX seems also providing a good liquidity.
BitBns seems to me more complicated with their premium/tip system and I cannot have access to P2P data because I've registered an euro account there.
I also think that is not coincidental the fact that 3.5% is what you are going to spend if you buy cryptos via creditcards (eg. Binance FIAT-to-Crypto system).

I'm in Europe so I cannot access to INR/USDT P2P markets, but of course I have access to EUR/USD/Crypto markets with absolutely no markup like kraken or bitstamp. I'm no scam I'm a real guy , so I am looking if anyone is interested in closing the circle for this arbitrage (USDT -> INDIAFIAT -> EUROFIAT -> USDT) and of course help me evaluate all the connected costs.

Thanks in advance, Valerio

Topic: WazirX USDT Arbitrage (Read 161 times)