Bitcoin Forum

if you are new to arbitrage know this:
 if it was possible someone with more experience would have been doing it already! so the difference wouldn't have existed in first place.

now lets look at the orderbooks.
if you sell ~1BTC the price will drop $10
and if you sell ~2BTC the price will drop $25

and with your 20K deposit assumption you get 8.4BTC
and selling that means price will drop $50

apart from withdrawal fee you will be paying trading fees too.
$20,000 * 2.5% = $500 * 2 = $1000
i don't know how much the fiat deposit in bitstamp and withdrawal from cex.io will cost

you need at least $21,000 + as much those two fees cost.
now figure out how much the price should be for you to sell!
(21,000+ double fees) / 8.4

I actually respect your opinion and analysis but i totally disagree with you sir.

Visiting these 2 websites you will discovered that the deposit and withdrawal fees shall not have any serious effect on your profits because the margin difference is really wide.

1, The potential threat to this arbitrage is the volume of the buy order.
2, Some countries cannot make a withdrawal and such countries were all listed.

You should register on cex.io and you will see that selling btc price is much lower. For example, right now btc price in usd on cex.io is $2585, but if you want to sell btc inside this exchanger, the rate is $2392 for 1 btc...

now lets look at the orderbooks.
if you sell ~1BTC the price will drop $10
and if you sell ~2BTC the price will drop $25

apart from withdrawal fee you will be paying trading fees too.
$20,000 * 2.5% = $500 * 2 = $1000
i don't know how much the fiat deposit in bitstamp and withdrawal from cex.io will cost

if it was possible someone with more experience would have been doing it already! so the difference wouldn't have existed in first place.

here is a screenshot of the market at https://cex.io/trade
you can see that when you sell you sell to 2600ish price

you made me go an log in to my CEX.io account after a year or so :)
here is a screenshot of the market at https://cex.io/trade
you can see that when you sell you sell to 2600ish price, so i guess you were looking in a wrong place that you saw $2392

https://i.imgur.com/Yixcw0a.jpg

sounds like it could work, but I have no experience how easy the card withdrawal is.

I would suggest you try it :)

Instead of trying to arbitrage with FIAT, why not arbitrage with coin pairs?  There seem to be large enough differences between exchanges that it could be profitable. Also, less fees and faster transfers because it is all in crypto mean that one can probably cycle the arbitrage over and over again.

bter does not allow btc withdrawals.

and all the prices you see there are "last prices". This means nothings.
btcmarkets for example has a spread from 0.09 to 0.096. So you wont get 0.0933 as you see in screenshot.
There is no arbitrage profit in crypto to crypto markets, cause it is that easy to do and many many bots are doing this already.

Yes, that must be one of the practical problem of arbitrage trading. Price gaps may fade away in quick time or will fall into narrow range which may not cover the trading and withdraw fees. Probably we may utilize such gap for one time and these gaps may not available for subsequent tries.

Now prices are into $2500 ranges. It means cex prices started to converge toward other market prices. (maybe someone started arbitrage after seeing this topic  ;))

Well, the price on Bitstamp is $2433.98 now and $2560 on CEX.IO. The difference is still within $120. And yes, probably someone began to level the prices  ::)

strange assumption. Do you really think such amount will influence the market?

according to fee schedule it's 0.25%, and not 2.5% https://www.bitstamp.net/fee_schedule/  (https://www.bitstamp.net/fee_schedule/)

p.s. did you try it and see if you can make profit in reality or is it still at concept/theory stage?

Hi everyone!  ;)

I am newbie on bitcointalk.org and hope that I created thread in right place.

I have an idea how to make arbitrage between exchanges and make money without any risk.

But I am trying to undertand where I am wrong.



The idea is simple - buy bitcoin on Bitstamp (https://www.bitstamp.net/) @$2374.99 and sell on CEX.IO (https://cex.io/btc-usd) @$2540.00.
Profit is $165.01 per 1 BTC.


Could you dab me where I am wrong?  ::)

...
Besides, the difference in rates is around $50 now. Apparently, someone has already followed my advice  ;D

If you have big enough amount money then it is worth to wait even 20 days. Otherwise doesn't worth to wait. I know some people doing this all the time but most of them doing this as a company so they can play with big amount money.

prices usually are balanced after a while and it doesn't have to be because of arbitrage really. it can simply be one market reacting to the change later than the others. sometimes (not necessarily this case) the difference is because of timezone differences. some exchanges have more European traders and some US and some Asian, ...

But I read some local exchanges are trading in different price levels due to isolated conditions for payment options like they are unable to access other exchanges and hence they are leading or lacking in prices, but over time I did see all the exchange prices are converge to rest of world.

Honestly I am not hearing anybody making use of these price differences still I do see many people keep on spotting such opportunities. Hopefully some people would have got benefits from them but ignoring sharing here ?

If you wanna play on arbitrage try this is free http://trade.btcprojects.website/

Seems like bitcoin price is at the stage of correction. The rates are little different among the exchanges.
Don’t you think it’s the right time to buy and wait until the price goes up?

Seems like Bitcoin is refusing to "correct". Gargantuan momentum keeps driving it up - I've noticed volumes on some local exchangers are doubling and some buyers are offering even 5% above polo's ask. I can see a bare 1% profit if I were to buy from these exchanges and sell locally. But without a bankroll the effort's not quite worth it yet.

For me, it is pretty much like short-term investing. You put your money in some asset, keep it and then sell after a short period of time. Does it work like this? Or is it better to sell bitcoins right away?  ???

Bitcoin price has surpassed $3000. And looks like it is going to follow the trend. I'm guessing the difference in prices among exchanges will continue to grow as well.

One thing to consider in doing arbitrage is the block confirmation time. Nowadays, it average about ~40 https://blockchain.info/charts/avg-confirmation-time?timespan=1days (https://blockchain.info/charts/avg-confirmation-time?timespan=1days) minutes to find each block. Given that time span, bitcoin's price has already flactuated like crazy. Another thing good to note, is the minimum confirmation before a certain btc be allowed to withdraw unto the secondary btc exchanger.

It feels like the difference in prices offered by Bitstamp and Cex.io is gradually increasing again. Do you really think trading on local exchanges will make higher profit? Are you keeping any particular exchanges in view?  ::)

Probably you are right. But since it reached that mark there has been no significant upswing. Bitcoin price is kept within $2700-2800 range instead.

If you have big enough amount money then it is worth to wait even 20 days. Otherwise doesn't worth to wait. I know some people doing this all the time but most of them doing this as a company so they can play with big amount money.

Hey guys,

has anybody of you ever used the withdraw to VISA function on CEX.io successfully?

Because the biggest hurdle to arbitrage trading on cex.io as I see it is the setting up the fiat side of the circle, since the normal transfer options like SEPA can take weeks according to multiple post on this forum.

Arbs only happen, of course, in times of high volatility. Otherwise - the markets are very well optimised given the number of bots operating.

The "arb" from exchange to OTC remains open though! And some currency pairs into OTC

Good Luck

Can I make a question very silly but that I need to be answered. You say you buy lower at Bitstamp and then you sell an higher price at Cex.io.
Ok I undertand this, but when does Cex.io knows that my position is not a short position and that I have already bought it elsewhere?
Does the system do it automatically?
Or do I need to prove it to them about my long position elsewhere?
I am a novice, so please just be easy and try to explain this to me.
Thanks in advance to anyone who will give the right answer.

Alessandro

Hi everyone!  ;)

I am newbie on bitcointalk.org and hope that I created thread in right place.

I have an idea how to make arbitrage between exchanges and make money without any risk.

But I am trying to undertand where I am wrong.



The idea is simple - buy bitcoin on Bitstamp (https://www.bitstamp.net/) @$2374.99 and sell on CEX.IO (https://cex.io/btc-usd) @$2540.00.
Profit is $165.01 per 1 BTC.


Could you dab me where I am wrong?  ::)

The big problem of making arbitrage between exchanges is that there are already bots doing that work very fast and very efficiently for most pairs. You'd just have to hunt for the pairs which bots didn't put themselves on work yet.

I don't suggest you use cex.io for arbitrage because i am waiting for almost 2 months for them to wire me my money(since 22.12.2017) and hear from a lot of people the same problem.

CEX heavily decreased withdrawal limits, like 10.000$ a month... also started blocking cards, if you want to withdraw, error pops up "Payment Amount Exceeded". I Can't withdraw for more than month now...

the quick way to get profit is the arbitration you call it.

but before you do that look at the cost of withdrawal, the network is good and the difference is its difference how many numbers?

if any of the 3 things are not included in the criteria, I suggest do not do arbitration, because I have waited up to 6 hours even more when the arbitration of coins and then the coin is down its price.