Topic: Arbitrage trading: experience and questions (Read 108 times)

I tried arbitrage trading with a few friends in the crypto-market for quiet a while now, but only based on calculations and programs, not yet with real money.

What we saw is that it is quiet possible to make profits between 5 and 10 percent, if you choose currencys that are listed on many exchanges. But also there are some problems that lead us to some questions to people who may have experience in this field.

First of all you need to find reliable exchanges (in terms of withdrawal options and fees), which is the biggest problem and at the same time reduces the options of arbitrage trading. Also often the price-infos of the exchanges are not correct listed on overview sites like coinmarket, coincheckup and co. So you need to search every exchange on your own. Second, the time factor of the transactions. If they take too long, prices are mostly against you, which minimizes the profit. Except you make it in an upwards-trend. Third, the more currencys are involved, the more complicated it gets in terms of overview and time.

Our questions now would be which currency-pairs are the best for arbitrage, if there are such and if people here have tried trading arbitrage recently and can share some tips? Also, we are considering to make a bot, which will do the arbitrage trading. Are there any experiences with that?