the last 3 days price, the huge arb space

Francesca

newbie

Activity: 36

Merit: 0

Quote from: sniveling on December 10, 2014, 05:11:35 PM

Quote from: Nagle on December 10, 2014, 02:14:58 PM

Quote from: Fioraver on December 08, 2014, 02:58:19 AM

Bitfinex often has a leading price, or sometimes is LakeBTC step ahead, no matter, the key is that price gap usually is $10 between them and BTC-e.

This tells you what the real costs of Bitcoin transactions are. Looks like they're about $10 per round trip, in and out of Bitcoin, or, at current prices, about 3%. This is an inefficient market by modern financial standards.

It depends on the quantity of bitcoin you transfer in and out of fiat. Wire transfers usually charge the same for any transfer, no matter how big or small. However, they can take a week to complete which is really inefficient and ruins arbitrage opportunities.

I also think so, every arbitrage costs are fixed. the more time arbitrage, the less marginal cost

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: sniveling on December 10, 2014, 05:11:35 PM

Wire transfers usually charge the same for any transfer, no matter how big or small. However, they can take a week to complete which is really inefficient and ruins arbitrage opportunities.

That depends on your banking arrangements. If you have an account with a US stockbroker that's also a bank, they know you, and you have a reasonable balance there, wire transfers happen very fast.

sniveling

sr. member

Activity: 719

Merit: 250

Quote from: Nagle on December 10, 2014, 02:14:58 PM

Quote from: Fioraver on December 08, 2014, 02:58:19 AM

Bitfinex often has a leading price, or sometimes is LakeBTC step ahead, no matter, the key is that price gap usually is $10 between them and BTC-e.

This tells you what the real costs of Bitcoin transactions are. Looks like they're about $10 per round trip, in and out of Bitcoin, or, at current prices, about 3%. This is an inefficient market by modern financial standards.

It depends on the quantity of bitcoin you transfer in and out of fiat. Wire transfers usually charge the same for any transfer, no matter how big or small. However, they can take a week to complete which is really inefficient and ruins arbitrage opportunities.

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: Fioraver on December 08, 2014, 02:58:19 AM

Bitfinex often has a leading price, or sometimes is LakeBTC step ahead, no matter, the key is that price gap usually is $10 between them and BTC-e.

This tells you what the real costs of Bitcoin transactions are. Looks like they're about $10 per round trip, in and out of Bitcoin, or, at current prices, about 3%. This is an inefficient market by modern financial standards.

Fioraver

full member

Activity: 472

Merit: 100

Gamblica Pre-Sale launch 01.03.2018!

Quote from: Elwar on December 08, 2014, 05:01:29 AM

The hoops you have to jump through to get your money into btc-e is insane. You lose 2-3% in fees.

indeed, the fiat deposit fee on btc-e is a robbery.

coinableS

legendary

Activity: 1442

Merit: 1186

Quote from: kutaka on December 08, 2014, 03:05:00 AM

BTC-e is too shady for me, I will not eat the risk for one buck per btc.

I always cringe when I read these sort of statements.
Why is BTC-e shady? Is it because they're anonymous? Isn't that ironically in the spirit of Bitcoin, being anonymous? They have been on the exchange scene for longer than many exchanges, and I have never had a bad experience with them. They offer a solution for people to exchange without the user having to provide their ID's and contact info, just like Bitcoin was meant to be used. I trust them more than any other exchange.

Mieehayii

hero member

Activity: 490

Merit: 500

I'm sure somebody is doing that, the gapis only $4-$10 now.

who make profits from it? share with experience with us?

RoadTrain

legendary

Activity: 1386

Merit: 1009

Quote from: Brewins on December 08, 2014, 06:30:24 AM

Quote from: RoadTrain on December 08, 2014, 06:22:50 AM

Quote from: Elwar on December 08, 2014, 05:01:29 AM

The hoops you have to jump through to get your money into btc-e is insane. You lose 2-3% in fees.

You pay 1% when depositing via wire, what else?

the fees from the bank side to make the deposit?

That's what I thought as well. But AFAIK, these fees aren't set in stone, and depend on correspondent banks, so they're somehow hard to predict.
I think it's safe to assume that these fees erase most of the arbitrage potential.

Brewins

legendary

Activity: 1120

Merit: 1000

Quote from: RoadTrain on December 08, 2014, 06:22:50 AM

Quote from: Elwar on December 08, 2014, 05:01:29 AM

The hoops you have to jump through to get your money into btc-e is insane. You lose 2-3% in fees.

You pay 1% when depositing via wire, what else?

the fees from the bank side to make the deposit?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: RoadTrain on December 08, 2014, 06:22:50 AM

Quote from: Elwar on December 08, 2014, 05:01:29 AM

The hoops you have to jump through to get your money into btc-e is insane. You lose 2-3% in fees.

You pay 1% when depositing via wire, what else?

Ahh, I'd only looked at moving Euro to btc-e.

Don't most international wire transfers cost money as well? The price likely represents the cost of getting your money in and out of the exchange.

RoadTrain

legendary

Activity: 1386

Merit: 1009

Quote from: Elwar on December 08, 2014, 05:01:29 AM

The hoops you have to jump through to get your money into btc-e is insane. You lose 2-3% in fees.

You pay 1% when depositing via wire, what else?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

The hoops you have to jump through to get your money into btc-e is insane. You lose 2-3% in fees.

btceuropen

member

Activity: 80

Merit: 10

someone is doing it, the gap is shrinking

Fioraver

full member

Activity: 472

Merit: 100

Gamblica Pre-Sale launch 01.03.2018!

Quote from: kutaka on December 08, 2014, 03:05:00 AM

BTC-e is too shady for me, I will not eat the risk for one buck per btc.

maybe it is, high risk high profits everyone know, and I think btc-e, and bitfinex lakebtc bitstamp would not fail within two years

kutaka

member

Activity: 97

Merit: 10

BTC-e is too shady for me, I will not eat the risk for one buck per btc.

Fioraver

full member

Activity: 472

Merit: 100

Gamblica Pre-Sale launch 01.03.2018!

Bitfinex often has a leading price, or sometimes is LakeBTC step ahead, no matter, the key is that price gap usually is $10 between them and BTC-e.

Even BTC-e has a high deposit usd fee, but if we buy btc at btc-e and sell btc at bitfinex or lakebtc, we also can earn a tidy profit, much more btc per buy, much more profits per sell.

Even when you buy btc from Bitstamp, instead of BTC-e, there also $3 - $5 gap, and by use of both Bitstamp and LakeBTC are the ripple gateway, and a faster btc/usd arb via ripple.

Topic: the last 3 days price, the huge arb space (Read 1849 times)