Question to arbitrage trading

[Steemonlineuser]

Hello, i have a question, since few days i see for example a difference from around 40% in Steem crypto currency between 2 brokers:

Buyprice: 0.00049516 Exchange: Poloniex
Sellprice: 0.00086000 Exchange: HitBTC

This difference is most time 38-42% and i dont know if you can make profit with such thinks, because there are also few other pairs where i find such differences.

Can sombody tell me how to find real arbitrage opportunitys and how to avoind wrong one?

[cryptocrocs]

Hello, i have a question, since few days i see for example a difference from around 40% in Steem crypto currency between 2 brokers:

Buyprice: 0.00049516 Exchange: Poloniex
Sellprice: 0.00086000 Exchange: HitBTC

This difference is most time 38-42% and i dont know if you can make profit with such thinks, because there are also few other pairs where i find such differences.

Can sombody tell me how to find real arbitrage opportunitys and how to avoind wrong one?

Arbitrage trading has much more risk,what if you transfered your coins to another exchange and suddenly it drops to your desired selling price?it is not worth the hassle,you can only do this if the coin has faster tx confirmations but if you will transfer coins which has slow tx confirmations you will only risk your coin which isnt a good option.

[Kuchiyosenojutsu]

Essentially you should know, buy cheap where, and sell bigger where. that's what you are making or not, some markets are different, of course different investors too. so you must be careful to see the sale price buy in some market. it will really help you to trading. with the price you show, I will certainly sell because it is profitable

[sunsilk]

You alone can find those exchanges that has different rates of buy and sell orders but the thing here is that you need to be quick and you need to pay the highest fee so that your transaction is going to be confirmed quickly.

Arbitrage trading is a very risk strategy if you are not aware of the prices are varies from time to time and they are not accurate as you are expecting.

If you want to try it out make sure that you have also a big capital so that fees that you will pay are recovered through your profit.

[BitcoinHodler]

it depends on what you are calling buy price and sell price.
when doing arbitrage you usually want to buy immediately and then sell immediately on another exchange. you don't want to place an order and wait for it to get filled or not because it may never be filled. so you have to buy/sell at market price to the order book.

this means you buy from the highest ASK and sell to the highest BID. now go check again and see what is the highest ASK price for steem on poloniex on top of the sell order book. and then check what is the highest BID in HitBTC on top of the buy order book. if the numbers checked out go to second step...

check if the deposit/withdrawals of both exchanges are working. maybe HitBTC doesn't allow Steem deposits which is why the price of it is already high, or maybe Polo doesn't have any Steem in their wallet.

happy profiting....

[talinabtc]

look carefully what is going on, for example Bitcoin Diamond: 44$ on binance and 7$ on Gate.. but it turns all withdrawels/deposits are not possible, making trading closed systems within exchanges..

[amirshaf]

Some time u can lost . When much people make transction in some time to other platform they coin recive so delay

[cryptomorphines]

Do not risk your holdings for some dollars,instead trade it with your trusted exchanges,the market has high volatility which makes coins prices move faster it could give your more losses than your gains,its not applicable in slow tx speed coins,also in high fee tx coins like bitcoin.

[HabiebRiziq]

I've some tips for you,  if you wanna arbitrage some crypto.
Use market data to compare crypto price rate in any market. You can use coinmarketcap. With CMC you can view price the crypto from each market. Buy in market that have a low price and sell in the market that have a high price.

[Steemonlineuser]

I've some tips for you,  if you wanna arbitrage some crypto.
Use market data to compare crypto price rate in any market. You can use coinmarketcap. With CMC you can view price the crypto from each market. Buy in market that have a low price and sell in the market that have a high price.

I know generally how to find arbitrages with some codeing bots, but i dont understand why the price for the same coin is few days more then 40% different and if it become any day same or nearly same like only 1-2% difference.

i think i will need to make some small testings to find out.

[kojoannan]

As there is a lot of arbitrage strategies across exchanges, they have made it impossible to exploit those opportunities by the use of transaction or trading fees, and withdrawal fees to discourage this mode of training.

[Steemonlineuser]

Hello, i have find out now that arbitrages, the good ones, are mostly not possible, because exchanges block the withdraw and sending function for the coins where currently good opportunitys could be.

I have find another idea abouth arbitrage, please look at this link: https://cryptocatbot.com/buy-cryptobot/altcoin-bot/arbi-triangular-arbitrage-bot/
Hoe thinks that this triangular arbitrage which is explained at that link can work? I am sceptic, i dont belivie it really.