In general, the situation with the Tether is not the only reason that traffic arbitraging is not so simple.
Such nuances as commissions for deposit and withdraw, fees for placing orders (such also happens) play a big role.
So you need to know all this details very well in order to get positive results in arbitraging.
Topic: Good day for arbitraging - page 2. (Read 660 times)
Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.
From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.
From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.
One needs to look deeply before concluding there is an arbitrage opportunity because it might seem so but that is not what is practicable when one is involved. For one reason, the price shown on coinmarket or blockfolio is most times not the sell price when you get to the exchange as this price is expected to drop. Also, the price is subject to volatility and another thing is the price quoted could be as a result of technical glitch. The fees to pay and the timing difference is another factor. Putting all of these together means understanding the end of the exercise before delving into such activity.
~snip~
right, by netting in many exchanges we can take advantage of price differences, but it must be implemented immediately, of course it will not last long, and prices will return to normal
I believe that arbitrage is relevant at any time, in any market, just during the overall growth it is not as profitable as trading
About profitable or not, it depends on what we arbitrage. Because sometime every arbitrage activity only happen with big amount of spread in market. But before we do that, we must think a lot about risk to do it. Even bitcoin price on every market have far different, people who know it must be already arbitrage it. Nonetheless, what happened with USDT is the fact that something shady is going on and people should really be careful holding it.
USDT's market cap has fallen by almost $500 million in the last couple of days, and its price is still slipping down towards $0.96. Meanwhile other stable coins have seen a significant boost - GUSD's volume went from 29 thousand to 2 million in 2 days, and peaked at a price of $1.19. TUSD went from a volume of 12 million to 73 million, and peaked at $1.15.
All because they wouldn't do an independent audit, and I think we all now know why. Time to exit this coin.
- Honestly i tried out Arbitraging a few months back but i found out that it's not quite profitable these days for the following Factors
- TRADING BOTS
Too many trading bots in play have made it quite hard to catch those coin price gaps between different exchanges. The coin price gap will be long gone even before the transaction is confirmed - VOLATILE COIN PRICE
Successful crypto arbitrage requires when the price of a coin is not so volatile but in the case of coins like Bitcoin, the price can change by $50 in matter of minutes. You may end up buying it thinking you have bought low, you try to transfer it to another exchange only for the price to drop there too within minutes before even the transaction is confirmed. - SLOW TRANSACTION CONFIRMATION
This is the case especially for Bitcoin, You have to wait for more than about 20 to 30 minutes of which the price or coin market gap will have be long filled up. - WALLET MAINTENANCE
Some coin market price gaps are just due to the different wallet maintenance schedules in different exchanges. You buy a coin and try to transfer it to another exchange so as to sell high only to realize that the other exchange's wallet is under maintenance and they do not accept a deposit of that coin - DECEPTIVE MARKET PRICE ON DIFFERENT EXCHANGES
This is common with altcoins since some have low trade volumes, for example the sell price you may see in the exchange you want to transfer your coins to and sell may not be reflected well in the order-book. It could just be a small sale volume which was made at a very high price yet in the order-book the next bid order is either at the same price range as the price with which you bought the coin or even slightly lower implying will just make a loss if you dare to transfer the coins and sell them.
However, with the one the Op mentioned, there is not even a single possibility of arbitrage trading as what happened with the pump only happened with USDT pairs and not the general market with USD, so there is absolutely no way anyone can even do arbitrage with that. Nonetheless, what happened with USDT is the fact that something shady is going on and people should really be careful holding it.
I believe that arbitrage is relevant at any time, in any market, just during the overall growth it is not as profitable as trading
If someone manage to somehow have a South Korean bank account and a USD bank, it may be possible to make nice arbitrage with some altcoins which are more valuable in south korea.
It's not as easy as it may seem for regular traders, especially when it concerns new markets, which applied to South Korea when there was a $5000 difference in price. By the time western traders managed to get everything ready, the premium was gone already. I doubt that we'll ever see such premiums again in South Korea.
In most cases the exchange operators are pretty harsh on those who try to withdraw liquidity from their markets, especially when the price differences are so far apart. It happens frequently where traders deposit whatever crypto asset to exploit the difference in price, but then the exchange in question doesn't let the deposit come through for obvious reasons.
Providing an update on my arbitrage and so far nothing has changed the premium is still around 4-4.5%
A few hours ago Bitfinex issued a statement on improved deposits so I will give it another day or two and if the premium doesn't start to shrink I will just close the arbitrage most likely at break-even because I don't want to get stuck holding these positions when there is another $1000 premium like there was 2 days ago when it went to $7800-$6800.
A few hours ago Bitfinex issued a statement on improved deposits so I will give it another day or two and if the premium doesn't start to shrink I will just close the arbitrage most likely at break-even because I don't want to get stuck holding these positions when there is another $1000 premium like there was 2 days ago when it went to $7800-$6800.
Arbitrage is not that simple, one wrong movements could end up losing money, you can't rely only on the price that you see, but you need to consider the transaction volume, the speed transaction and the transaction fee, and most of the coin that you see is infamous coin, so if you not acting fast then you will miss the chance and end up losing money
That's something we can be sure, one mistake will lead you to sudden loses, nowadays arbitrage is really harder to execute decent profits, high demands of risk is always accompanied by one mistake, those delays and bots from different exchange will affect our opportunities, needs to be done with extra precautions and with variety of knowledge with this system. There is still one way to carry out Arbitrage execution beautifully by placing fresh funds in several exchanges. When the price of a coin goes down we can buy it then we transfer it to another exchange that has a more expensive price. it's more rational when many exchange bots thwart your plan to do the Arbitrage.
right, by netting in many exchanges we can take advantage of price differences, but it must be implemented immediately, of course it will not last long, and prices will return to normal Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.
From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.
From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.
You could earn money by trading with exchanges that have wide spread like trading the same amount of bitcoin could make reasonable profits.
Ex. BTC on Exchange 1 is 6700USD
BTC on Exchange 2 is 7200USD
Selling your BTC in exchange 2 and buying it again on Exchange 1 let's you earn 500USD, that's a merely 7.5% gain. Just be aware of long transaction time , that could be a problem.
There is still one way to carry out Arbitrage execution beautifully by placing fresh funds in several exchanges. When the price of a coin goes down we can buy it then we transfer it to another exchange that has a more expensive price. it's more rational when many exchange bots thwart your plan to do the Arbitrage.
So we have the low prices in USD in some places, we have the high USD prices in other places, but you cannot withdraw, and there are the high prices in USDT which is not 1:1 with USD.
Not good at all for arbitrage.
Not good at all for arbitrage.
Exactly. People don't seem to understand this. There is no arbitrage opportunity.
The differences in prices you can see are entirely artificial because of the fall of Tether. The exchanges that trade BTC against Tether (such as Bitfinex) are/were showing higher prices because 1 USDT is no longer worth 1 USD. The exchanges that trade BTC against USD (such as Gemini) were showing the true price. Any potential arbitrage opportunity disappears when you realize that 1 USDT =/= 1 USD.
Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.
From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.
The price difference will always be present in every exchange. But in my opinion it is not a rational value because the price difference will be reduced by the cost of withdrawal. For me that arbitration now requires precision and also if it happens then there must be a significant price difference so that we can get profit margins. From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.
you can sell coins at bitfinex or on USDT markets and hope the price disparity dies down, but that's about it. you can't actually withdraw USD and complete the arbitrage cycle.
This situation is scary. Mt. Gox closed withdrawls as well when they had problems. I hope bitfinex solves this situation fast.
About arbitrage, it's possible when when market volatility is high. It's also possible if you have exchanges in different countries with different currencies, such as USD and some other local currency.
If someone manage to somehow have a South Korean bank account and a USD bank, it may be possible to make nice arbitrage with some altcoins which are more valuable in south korea.
I really like arbitration where I can get big profits in a short time. But there are some things that can make you fail in arbitration and make us actually get a loss and one of the things that must be considered is the transaction time for sending tokens between exchanges, because if the transaction takes a long time then there are many possibilities that the price we are going to have changed and someone else has taken it.
Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.
From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.
There are great arbitrary opportunities these days across all the exchanges. I just used the block folio yesterday and see great many opportunities. I believe that we are going to have different in price as good news has started flowing into the market. In altcoins markets we are seeing vary pricing in cryptopia and bittrex and if you know how to sort things out you will see great opportunities. From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.
Yes, between the exchanges there is a difference in the price of various cryptocurrencies, but you need almost a whole day to devote to arbitration or to have large sums for such operations, in order to experience a good profit
Couldn't agree more with you! There is and always will be a difference in prices between exchanges. The price of coins is more likely set up by the User's of the exchange and the difference is not that huge anyway, including the commission/fee on exchanges and so on - it's not that profitable as it seems to be.
Yes, between the exchanges there is a difference in the price of various cryptocurrencies, but you need almost a whole day to devote to arbitration or to have large sums for such operations, in order to experience a good profit
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