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Topic: Arbitrage: have you ever tried and how much have you earned so far? - page 3. (Read 2353 times)

legendary
Activity: 1176
Merit: 1024
Arbing can be profitable if you large amount of coins sitting in different exchanges. It requires big sums because the profits are tiny, in most cases less tan 1%.You also have to factor in exchange fees. It is a decent income, but there are risks too. If they price changes on one exchange before your sell/buy order is filled, you may incur losses.
Larger capital must be insignificant here but you must need funds in different exchanges so that you can make use of abbitrage trading. Because, your large capital may not cover all the price gaps. So, even with small capital also you can make some profits out of this type of trading. But getting ready with enough funds and moving them across exchanges will be the big challenge here.
sr. member
Activity: 980
Merit: 250
i tried it 2-3 times in dash coin and get profit every time. i purchase from yobit and sell at bittrex. just 2 days back, xvg give good arbitrage as buy from yobit and sell at bittrex. but for that, 1st we have to check that both sites wallets are open for transfer.
sr. member
Activity: 602
Merit: 265
Arbing can be profitable if you large amount of coins sitting in different exchanges. It requires big sums because the profits are tiny, in most cases less tan 1%.You also have to factor in exchange fees. It is a decent income, but there are risks too. If they price changes on one exchange before your sell/buy order is filled, you may incur losses.
hero member
Activity: 994
Merit: 1000
PUGG.io
I tried CRX/BTC arbitrage into the past and it was pretty unsuccessful as I purchased on yobit and then I saw that the wallet was under maintainance and the withdrawals were not being processed, so I had to contact yobit for support and they said that the maintaiance will take a long time so I had to sell my coins at 10 to 20% loss to get my bitcoins out of there.
hero member
Activity: 1134
Merit: 517
these days i keep seeing a lot of topics and comments in this board talking about arbitrage trading.
so i am curious to know how many of you have ever tried it for real, as in trading and making profit not just on paper.

and also how much profit did you make?

I've tried it only once. It was with Lisk. It was a while ago, i think i bought in from bittrex and sold on poloniex and took advantage of the price differential. However arbitrage with altcoins are extremely rare these days.

I've tried also with VPNcoin, people were selling vpncoin for like 0.00002 BTC but on yobit there was tons of buy orders at over 0.0001. Shocked me at first and quickly bought 0.1 BTC worth of VPNcoin. But only after i bought it i realised all yobit deposits were closed, meaning that i had to cop a loss of over 0.02 btc due to the spread Sad
Somethings worthy of note and in fact, lesson to learn from your experience is that in arbitrage trading, the coins to trade, the exchanges involved and volumes of trade is a must 'consider' before carrying out any transaction. Some coins are actually worthless and there are quite a number of them out there. Everything that glitters isn't gold!
copper member
Activity: 41
Merit: 0
I have done arbitrage between LTC and BTC in the past. It was pretty succesful.
member
Activity: 73
Merit: 10
I used to do this with an open source arbitrage client I had found and adjusted, I think it's still up for download on Github.
I basically stopped doing this when the prices became less volatile and I lost some money due to certain exchanges shutting down.

Look on Github for Bitcoin arbitrage bot, I think there are still some options there.
I tried some arbitrage bots but I have never made any money off of them. I guess I dont have the coding finesse to get them to become profitable. Old school investing and trading is more suitable for me i guess.

I think for arbitrage rhe market will have to grow substantially.
newbie
Activity: 51
Merit: 0
I used to do this with an open source arbitrage client I had found and adjusted, I think it's still up for download on Github.
I basically stopped doing this when the prices became less volatile and I lost some money due to certain exchanges shutting down.

Look on Github for Bitcoin arbitrage bot, I think there are still some options there.
I tried some arbitrage bots but I have never made any money off of them. I guess I dont have the coding finesse to get them to become profitable. Old school investing and trading is more suitable for me i guess.
legendary
Activity: 1792
Merit: 1283
I used to do this with an open source arbitrage client I had found and adjusted, I think it's still up for download on Github.
I basically stopped doing this when the prices became less volatile and I lost some money due to certain exchanges shutting down.

Look on Github for Bitcoin arbitrage bot, I think there are still some options there.
newbie
Activity: 53
Merit: 0
What's the difference between trading and arbitrage trading in crypto context?


Arbitrage is Buying Cheap from A and selling at B for higher price then get the money to A. This is the easiest way to enplane it.
Trading is selling when the price is high and buying when is low, and so on and on.
Arbitrage you need to calculate the fees for exchanging + fees for deposit and withdraw.
For trading is only fees for the exchange in the moment.
legendary
Activity: 2170
Merit: 1427
I do it occasionally, but it's not that it yields me an insane amount of profit. Point is that you should calculate the risks of seeing the arbitrage opportunity vanish due to someone else taking advantage of it, or that it shrinks naturally. Important to realize is that you need to take the following into consideration;

I only trade Bitcoin, so that's why I use that as an example.

0.5 - You need to have enough funds on the cheaper exchange to begin with.
1 - You cash out the coins you bought to your own wallet, which requires you to wait for that 1 confirmation.
2 - You deposit these coins to the exchange with the premium, which requires you to wait for 3 confirmations.
3 - Sell your coins to fiat, and have the money sent to your bank account.
4 - From your bank account you send these funds back to your main exchange.

It's not as easy as things might look. If I look at my highest ever arbitrage trade, then it should be in the range close to $1000. Profit looks nice, but it's quite a hassle at the same time, as it takes days before I have the funds back on my main exchange.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
i searched a lot for bitcoin arbitrage but was never able to find a good enough opportunity to want to try it.

but i have tried altcoin arbitrage.
i can really call it profitable, because the risk is high with all these broken altcoin blockchains but i made some small amount of profit.
i think it is not worth the risk to do it unless the amount you are risking is not that big but the profit is huge.
something like a 0.1BTC risk with >30% profit is what i'm talking about.
newbie
Activity: 49
Merit: 0
I tried it with BTC once. I made a little bit of money but most of my profits were eaten by transaction fees since I didn't have much volume. Personally its not for me. I'd rather trade with trends but I know people who have had decent success with doing arbitrage across different exchanges.
sr. member
Activity: 532
Merit: 250
these days i keep seeing a lot of topics and comments in this board talking about arbitrage trading.
so i am curious to know how many of you have ever tried it for real, as in trading and making profit not just on paper.

and also how much profit did you make?

I've tried it only once. It was with Lisk. It was a while ago, i think i bought in from bittrex and sold on poloniex and took advantage of the price differential. However arbitrage with altcoins are extremely rare these days.

I've tried also with VPNcoin, people were selling vpncoin for like 0.00002 BTC but on yobit there was tons of buy orders at over 0.0001. Shocked me at first and quickly bought 0.1 BTC worth of VPNcoin. But only after i bought it i realised all yobit deposits were closed, meaning that i had to cop a loss of over 0.02 btc due to the spread Sad
newbie
Activity: 14
Merit: 0
yeah I had some luck with LTC arbitrage between Kraken and Bittrex
sr. member
Activity: 784
Merit: 282
This is now easy to do with litecion (LTC) because it confirms hella fast and with very low transaction fees.

Just use big and well-known exchanges like poloniex or bittrex. Ive been doing this since segwit was activated for LTC. Been profitable.
legendary
Activity: 1596
Merit: 1011
these days i keep seeing a lot of topics and comments in this board talking about arbitrage trading.
so i am curious to know how many of you have ever tried it for real, as in trading and making profit not just on paper.

and also how much profit did you make?
This concept is like when buying bitcoin on one exchange and then selling it on other exchange which has much higher price rates. I've tried it and it's profitable, but now doing things like this is getting harder. Because sometimes there are restrictions and regulations issued by the exchange to avoid this. Now arbit is not popular enough, the majority of traders focus and concentrate on trading. They think that trading on an exchange will be more profitable and easy to do.
newbie
Activity: 21
Merit: 0
the price of ETH is usually about 5 dollars less on gemini than it is on gdax/coinbase, not sure if it's viable but it sure seems like a good arbitrage opportunity. would like to know if someone tries it out
sr. member
Activity: 350
Merit: 250
Doing arbitrage is a good way to earn a small amount of profit and i was very much active in spreading my investments in many different sites,but the problem now is that many sites delay their withdrawals which makes it impossible to make any good profit as i had my losses and had to wait for a longer time to get my returns ,so i stopped doing arbitrage until everything settles down with the exchanges.
legendary
Activity: 1526
Merit: 1179
I had a few good shots where the price difference between BTC-E and Bitstamp was like $70 at the time the price was still below the $1000 mark.

I used that opportunity to buy 4BTC at BTC-E and sell them at Bitstamp within 2 hours. I must however note that the difference went down to around $60, but it was still a good profit for me.

After fees I ended up with around $230 in profits, which for me is a more than decent profit considering it took me just 2 hours. That's my highest arbitrage profit.
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