Topic: Arbitrage - page 4. (Read 4794 times)
Buy at bid and sell at ask. That helps too
Keeping in mind the (recent) price volatility and the fees you'd be paying, it'll probably not turn out to be a profitable deal. Do your calculations carefully before going ahead.
don't sure bitfinex and kraken.
but you can do it on bitstamp and lakebtc, since both two exchanges are the ripple gateway, you can transfer usd from one to the other fastly, via ripple network. of course, you should calculate the fee carefully.
but you can do it on bitstamp and lakebtc, since both two exchanges are the ripple gateway, you can transfer usd from one to the other fastly, via ripple network. of course, you should calculate the fee carefully.
Yes, that is a problem. $5.00 on every bitcoin is substantial. There must be a way to work this out.
I have actually tried this in the past. It certainly is not profitable after all the fees cut off and being able to profit from the small differences in the price.
Why don't you just cash-out at 225 and buy back in at 220 on the other platform?
Like people have mentioned , if the price difference is larger than it will work , but otherwise the trade fee's , deposit fee , withdrawal fee will take your money. And dont forget that it takes 10 minutes or so to send the money , while that's going on prices could change.
10 minutes?
more likely like almost 15 min/ 1 confirmation nowadays
block is hardly minted now
Like people have mentioned , if the price difference is larger than it will work , but otherwise the trade fee's , deposit fee , withdrawal fee will take your money. And dont forget that it takes 10 minutes or so to send the money , while that's going on prices could change.
Sometimes the BTC/USD rate differ a lot from an exchange to another, can be several USD. If I have an account in bitfinex, can I transfer the coins to kraken and sell them there ? For example if the rate is 220 $ in bitfinex and 225 $ in kraken.
That would make sense if the price difference is significantly large.
For smaller price differences, you would actually lose trying to arbitrage. The reason being the trading fees on exchanges, withdrawal/deposit fees etc.
And there is no guarantee the price will stick to it by the time you transfer your coins from one exchange to another.
Along with this at times you will also have the price fluctuating.
Sometimes the BTC/USD rate differ a lot from an exchange to another, can be several USD. If I have an account in bitfinex, can I transfer the coins to kraken and sell them there ? For example if the rate is 220 $ in bitfinex and 225 $ in kraken.
That would make sense if the price difference is significantly large.
For smaller price differences, you would actually lose trying to arbitrage. The reason being the trading fees on exchanges, withdrawal/deposit fees etc.
And there is no guarantee the price will stick to it by the time you transfer your coins from one exchange to another.
Sometimes the BTC/USD rate differ a lot from an exchange to another, can be several USD. If I have an account in bitfinex, can I transfer the coins to kraken and sell them there ? For example if the rate is 220 $ in bitfinex and 225 $ in kraken.
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