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Topic: What's up with arbitrage - page 2. (Read 1610 times)

member
Activity: 120
Merit: 10
December 31, 2017, 05:37:04 PM
#30
It's only good until the damn wallet from exchanges gets disabled  Grin Grin Grin
sr. member
Activity: 602
Merit: 250
December 31, 2017, 05:34:41 PM
#29
There are bots on the internet about arbitrage, but be careful about which ones you are going to download, most of them are containing trojans, cryptominers or just shit in there that will make your computer slow.

Do the arbitrage by yourself, it is not difficult to do so.

Try to be careful about it, of course, because if you make a bad movement you can easily lose everything in just a single trade.

I'm wondering, isn't there any pressure to close such gaps in the price? it's really a good chance for traders to profit with arbitrage but I really can't fathom how those gaps remain open for hours.
full member
Activity: 1750
Merit: 186
December 31, 2017, 04:47:17 PM
#28
There is price difference last time of close to 1000 usd on bittrex and gdax/coinbase.  However someone said thats because of the tether rate.  So that means this cannot be done then right/


What exchanges can you really arbitrage on?  Those that only do usdt?  Thus an exchange that does usd and one that does usdt and do not allow usd withdraws won't work?
sr. member
Activity: 560
Merit: 273
December 31, 2017, 02:26:20 PM
#27
Has anybody tried intra-site arbitrage, i.e. finding triangles (e.g. BTC->ETH->IOTA->BTC) that give you small gains without the need to transfer funds between exchanges? I guess on Bitfinex those inefficiencies are closed immediately but I'm wondering whether there are reasonable opportunities on sites with smaller volumes.

If you buy BTC->ETH->IOTA->BTC again in an exchange, that's called trading not arbitrage anymore as arbitrage is the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset.
Yes, it's profitable even though you trade on an exchange with smaller trading volume, most people do the same thing, some makes profits while others not so lucky.

If you start from BTC and end up with BTC it is trading. If you hold BTC, ETH and IOTA and perform 3 trades at the same time it's intra-exchange arbitrage. I also think it does not make sense to try it by hand, I'd be curious how efficient the bots are, if it's actually a fraction of a second or rather a few seconds. I assumed that inter-exchange arbitrage is also dominated by bots but I might be wrong. Is anybody here doing it by hand regularly?

I did it by hand several times. But only when the conditions were so favorable that it was worth the risk.
Otherwise, this is something that is best left to bots. Market can change in seconds and then you can end up with a bunch of unwanted coins. Wink
rbv
newbie
Activity: 49
Merit: 0
December 31, 2017, 02:06:32 PM
#26
Has anybody tried intra-site arbitrage, i.e. finding triangles (e.g. BTC->ETH->IOTA->BTC) that give you small gains without the need to transfer funds between exchanges? I guess on Bitfinex those inefficiencies are closed immediately but I'm wondering whether there are reasonable opportunities on sites with smaller volumes.

If you buy BTC->ETH->IOTA->BTC again in an exchange, that's called trading not arbitrage anymore as arbitrage is the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset.
Yes, it's profitable even though you trade on an exchange with smaller trading volume, most people do the same thing, some makes profits while others not so lucky.

If you start from BTC and end up with BTC it is trading. If you hold BTC, ETH and IOTA and perform 3 trades at the same time it's intra-exchange arbitrage. I also think it does not make sense to try it by hand, I'd be curious how efficient the bots are, if it's actually a fraction of a second or rather a few seconds. I assumed that inter-exchange arbitrage is also dominated by bots but I might be wrong. Is anybody here doing it by hand regularly?
hero member
Activity: 798
Merit: 506
December 31, 2017, 11:49:40 AM
#25
Has anybody tried intra-site arbitrage, i.e. finding triangles (e.g. BTC->ETH->IOTA->BTC) that give you small gains without the need to transfer funds between exchanges? I guess on Bitfinex those inefficiencies are closed immediately but I'm wondering whether there are reasonable opportunities on sites with smaller volumes.

If you buy BTC->ETH->IOTA->BTC again in an exchange, that's called trading not arbitrage anymore as arbitrage is the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset.
Yes, it's profitable even though you trade on an exchange with smaller trading volume, most people do the same thing, some makes profits while others not so lucky.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
December 31, 2017, 11:17:51 AM
#24
Has anybody tried intra-site arbitrage, i.e. finding triangles (e.g. BTC->ETH->IOTA->BTC) that give you small gains without the need to transfer funds between exchanges? I guess on Bitfinex those inefficiencies are closed immediately but I'm wondering whether there are reasonable opportunities on sites with smaller volumes.
Yes, it's been tried but there are bots that do this much more efficiently than any human would. Those gaps close withing a matter of fractions of a second due to bots having direct access to trades with APIs. It's a matter of speed and its an arms race for very small profit, while still bearing risk.
rbv
newbie
Activity: 49
Merit: 0
December 30, 2017, 08:12:52 PM
#23
Has anybody tried intra-site arbitrage, i.e. finding triangles (e.g. BTC->ETH->IOTA->BTC) that give you small gains without the need to transfer funds between exchanges? I guess on Bitfinex those inefficiencies are closed immediately but I'm wondering whether there are reasonable opportunities on sites with smaller volumes.
hero member
Activity: 896
Merit: 514
December 30, 2017, 07:53:10 PM
#22
Has anyone in been observing this craze lately? Basically certain exchanges will have consistent price differences with other major ones. I'm not talking Bitfinex, which is probably done for, but pretty much all else known to be reliable exchanges.

I'm wondering, isn't there any pressure to close such gaps in the price? it's really a good chance for traders to profit with arbitrage but I really can't fathom how those gaps remain open for hours.

Due to the crazy prices with all alts and even bitcoins, there has been a lot of arbitrage opportunity. This is a normal effect of the price volatility of everything in crypto. The best thing is to take the opportunity yourself. It's hard to do but it is possible to profit big time on arbitrage opportunities. Also you have to have some btc in a lot of exchanges and you have to transfer what you bought from one exchange to the other fairly quick also considering the cost of moving alts as it could eat up profits.
full member
Activity: 476
Merit: 100
December 30, 2017, 07:14:19 PM
#21
Sometimes I also do Arbitration between Exchangers, to cover small losses and also to get a little profit. I rarely do Artbitrage because of the distance of time of delivery that sometimes annoys me and finally loses the moment to sell my coins at the highest price.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
December 30, 2017, 05:22:52 PM
#20
I am not sure what other ways there would be to actually perform this in order to profit, but wouldn't doing arb with existing balances on exchanges work in a similar fashion than waiting for the funds to be deposited?
full member
Activity: 504
Merit: 100
December 30, 2017, 02:19:06 PM
#19
My experience doing arbitrage when the time of transferring the coin took time to complete in the exchange. The one advantages of this arbitrage is the profit you can get when you grab this opportunity. So in this scenario it is risky and you have to accept what may the outcomes by doing arbitrage.
in my opinion only the person who has been engaged in this for quite a long time will be able to overcome the shortcomings of the process, but it is better not to arbitrate for arbitration. Or am I wrong? At least I bypass this field of activity.
hero member
Activity: 1582
Merit: 523
December 30, 2017, 12:35:17 PM
#18
My experience doing arbitrage when the time of transferring the coin took time to complete in the exchange. The one advantages of this arbitrage is the profit you can get when you grab this opportunity. So in this scenario it is risky and you have to accept what may the outcomes by doing arbitrage.
sr. member
Activity: 686
Merit: 257
December 30, 2017, 10:59:11 AM
#17
I agree that traders are able to make money by taking advantage of the price gap between exchanges. But there are risks involved, one of them is the transfer time, the price might changed by the time the transfer is completed.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
December 30, 2017, 08:16:17 AM
#16
when you are talking about arbitrage based on bitcoin price differences in different places, it will always come down to fiat deposits. I have actually checked this out and without an exception whenever there is a huge difference and you think you can make a good profit (for example $2500 difference between bitstamp and yobit these days) the reason is because of the way fiat deposit and withdrawals works. bitstamp has bank transfer but yobit has random stuff with high % fees.

same is true with bitfinex, I am not using it so I can not be sure but I believe they still have the bank problems which means you can not deposit and withdraw fiat with ease.
full member
Activity: 322
Merit: 100
December 30, 2017, 07:35:59 AM
#15
Has anyone in been observing this craze lately? Basically certain exchanges will have consistent price differences with other major ones. I'm not talking Bitfinex, which is probably done for, but pretty much all else known to be reliable exchanges.

I'm wondering, isn't there any pressure to close such gaps in the price? it's really a good chance for traders to profit with arbitrage but I really can't fathom how those gaps remain open for hours.
for me arbitration is a thing that has a big risk we can lose our money if we do not think about it because we need a considerable difference between the market one and other markets in addition to arbitration also takes a lot of transaction costs.
full member
Activity: 143
Merit: 100
December 30, 2017, 07:08:49 AM
#14
Has anyone in been observing this craze lately? Basically certain exchanges will have consistent price differences with other major ones. I'm not talking Bitfinex, which is probably done for, but pretty much all else known to be reliable exchanges.

I'm wondering, isn't there any pressure to close such gaps in the price? it's really a good chance for traders to profit with arbitrage but I really can't fathom how those gaps remain open for hours.
which I know usually the price gap occurs due to late delivery in transactions. or it could be a wallet in maintenance so the price gap between different markets for several hours.
hero member
Activity: 1134
Merit: 517
December 30, 2017, 03:59:25 AM
#13
If you already have 2 verified account on 2 different exchanges whichTV allows you to deposit or withdraw a fiat currency, it's possible to do arbitrage trading. But, the most common problem are: Bitcoin transactions require high fees and may takes hours to be confirmed, exchanges has high fees for withdraw fiat currency or send bitcoin. Hence, you need big capital to earn profits.
That happens to be the true picture of things as having verified accounts and some substantial amounts in a number of exchanges would have been a way out of the disagreeable situations, but the exhobitant withdrawal fees being charged by most exchanges leaves little to be desired.

One might want to guide against leaving  significant amounts of fund with exchanges because that has been turning out undoing traders and investors  than even ponzi schemes.
full member
Activity: 196
Merit: 100
December 29, 2017, 11:21:00 PM
#12
Has anyone in been observing this craze lately? Basically certain exchanges will have consistent price differences with other major ones. I'm not talking Bitfinex, which is probably done for, but pretty much all else known to be reliable exchanges.

I'm wondering, isn't there any pressure to close such gaps in the price? it's really a good chance for traders to profit with arbitrage but I really can't fathom how those gaps remain open for hours.

No i have not observed recently. So i do know that they have consistent price differences.
Actually i have done before around 2 weeks but the differences price not so often between exchanger so i decide to stop this strategy.
member
Activity: 112
Merit: 10
December 29, 2017, 07:35:20 PM
#11
i have made my fair share of income from arbitrage yet not always i succeeded to gain profit from it
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