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Topic: MtGox <-> Btc-e arbitrage ~3% profit (Read 22525 times)
The spread between Gox and BTC-e is down to $1 as of late.
Anyone have any insight as to why? I'm no trading pro so but I am guessing either getting fiat onto Gox has gotten harder or getting fiat onto BTC-e has gotten easier. Anyone want to chime in?
Anyone have any insight as to why? I'm no trading pro so but I am guessing either getting fiat onto Gox has gotten harder or getting fiat onto BTC-e has gotten easier. Anyone want to chime in?
The issue here is how long it takes to transfer from MtGox to OKPAY. If the transfer happens in minutes or a couple hours then you can start the process again and again until you hit your MtGox withdrawal limit.
So the question is (and this has been asked before) how long is it CURRENTLY taking to withdraw USD from Gox to OKPAY?
I heard something about Gox had low OKPAY reserves at the moment. Can anyone give us any current insight on this?
So the question is (and this has been asked before) how long is it CURRENTLY taking to withdraw USD from Gox to OKPAY?
I heard something about Gox had low OKPAY reserves at the moment. Can anyone give us any current insight on this?
In my experience over the past few weeks, it can take several business days to move USD from MtGox to Okpay. Minutes or hours is too optimistic. 2-3 days is more realistic.
This has been my experience as well.
recently, GOX has been lower than btce!!!
That happens when the exchange rate drops. People are more hesitant to sell on BTC-e because it's more difficult to withdraw USD from there than from MtGox.
I dont know if this has been mentioned, but it saves time to just put your MtGox "deposit" wallet in as the address to "withdraw" to from BTCe. recently, GOX has been lower than btce!!!
The issue here is how long it takes to transfer from MtGox to OKPAY. If the transfer happens in minutes or a couple hours then you can start the process again and again until you hit your MtGox withdrawal limit.
So the question is (and this has been asked before) how long is it CURRENTLY taking to withdraw USD from Gox to OKPAY?
I heard something about Gox had low OKPAY reserves at the moment. Can anyone give us any current insight on this?
So the question is (and this has been asked before) how long is it CURRENTLY taking to withdraw USD from Gox to OKPAY?
I heard something about Gox had low OKPAY reserves at the moment. Can anyone give us any current insight on this?
In my experience over the past few weeks, it can take several business days to move USD from MtGox to Okpay. Minutes or hours is too optimistic. 2-3 days is more realistic.
Thanks for the input.
The issue here is how long it takes to transfer from MtGox to OKPAY. If the transfer happens in minutes or a couple hours then you can start the process again and again until you hit your MtGox withdrawal limit.
So the question is (and this has been asked before) how long is it CURRENTLY taking to withdraw USD from Gox to OKPAY?
I heard something about Gox had low OKPAY reserves at the moment. Can anyone give us any current insight on this?
So the question is (and this has been asked before) how long is it CURRENTLY taking to withdraw USD from Gox to OKPAY?
I heard something about Gox had low OKPAY reserves at the moment. Can anyone give us any current insight on this?
In my experience over the past few weeks, it can take several business days to move USD from MtGox to Okpay. Minutes or hours is too optimistic. 2-3 days is more realistic.
i've done several mtgox->okpay withdrawals, and the time taken varies considerably. Sometimes it happens within an hour, sometimes a day, sometimes 2 or even 4 days.
so unless mtgox shows their okpay reserves there is no way to know how long it will take.
so unless mtgox shows their okpay reserves there is no way to know how long it will take.
The issue here is how long it takes to transfer from MtGox to OKPAY. If the transfer happens in minutes or a couple hours then you can start the process again and again until you hit your MtGox withdrawal limit.
So the question is (and this has been asked before) how long is it CURRENTLY taking to withdraw USD from Gox to OKPAY?
I heard something about Gox had low OKPAY reserves at the moment. Can anyone give us any current insight on this?
So the question is (and this has been asked before) how long is it CURRENTLY taking to withdraw USD from Gox to OKPAY?
I heard something about Gox had low OKPAY reserves at the moment. Can anyone give us any current insight on this?
OKpay funding fees: 1% $, 0% € SEPA, 2% € Sofortüberweisung
OKPAY -> BTCe deposit fee: 0,5% (okpay side) + 2% (btce side)
BTCe trading fee: 0,2%
BTCe withdrawal fee: 0,01 BTC
Mt.Gox trading fee: 0,6%
Mt.Gox withdraw fee:
(1% for OKpay, dunno for SEPA/Wire)
so that's a loss of 0.01BTC and 3,3% in best or 5,2% in worst case
however i calculated 40$ profit with 1000$ investment and the 10$ difference today (132/142)
am i wrong?
OKPAY -> BTCe deposit fee: 0,5% (okpay side) + 2% (btce side)
BTCe trading fee: 0,2%
BTCe withdrawal fee: 0,01 BTC
Mt.Gox trading fee: 0,6%
Mt.Gox withdraw fee:
(1% for OKpay, dunno for SEPA/Wire)so that's a loss of 0.01BTC and 3,3% in best or 5,2% in worst case
however i calculated 40$ profit with 1000$ investment and the 10$ difference today (132/142)
am i wrong?
try it and report back.
OKpay funding fees: 1% $, 0% € SEPA, 2% € Sofortüberweisung
OKPAY -> BTCe deposit fee: 0,5% (okpay side) + 2% (btce side)
BTCe trading fee: 0,2%
BTCe withdrawal fee: 0,01 BTC
Mt.Gox trading fee: 0,6%
Mt.Gox withdraw fee: (1% for OKpay, dunno for SEPA/Wire)
so that's a loss of 0.01BTC and 3,3% in best or 5,2% in worst case
however i calculated 40$ profit with 1000$ investment and the 10$ difference today (132/142)
am i wrong?
OKPAY -> BTCe deposit fee: 0,5% (okpay side) + 2% (btce side)
BTCe trading fee: 0,2%
BTCe withdrawal fee: 0,01 BTC
Mt.Gox trading fee: 0,6%
Mt.Gox withdraw fee:
(1% for OKpay, dunno for SEPA/Wire)so that's a loss of 0.01BTC and 3,3% in best or 5,2% in worst case
however i calculated 40$ profit with 1000$ investment and the 10$ difference today (132/142)
am i wrong?
Aaargh! *facepalm*
Can you withdraw from btc-e via an application?
I don't think so. Here is the API. I don't see deposit/withdrawal functions there.
I know the api. I just thought you might have done it already.
Yes, I am talking about moving BTC from BTC-e to MtGox. The .01BTC fee would be cheaper than the 3.99% fee that bitinstant charges if you were moving more than .25BTC (and may be faster)
Can you not transfer funds from BTC-e to your wallet then from your wallet to MtGox?
Are you talking about moving bitcoins? You can withdraw bitcoins from btc-e to your wallet or mtgox directly with a 0.01btc fee. Not sure about transferring USD from btc-e to mtgox as there is no much sense in it.
Can you not transfer funds from BTC-e to your wallet then from your wallet to MtGox?
Did everybody see the difference ~10% and sometimes ~12%? I could make some money if I had a trusted account at MtGox 
Can you withdraw from btc-e via an application?
I don't think so. Here is the API. I don't see deposit/withdrawal functions there.
I know the api. I just thought you might have done it already.
Can you withdraw from btc-e via an application?
Yes it's called a 'web browser'
Can you withdraw from btc-e via an application?
I don't think so. Here is the API. I don't see deposit/withdrawal functions there.
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