Prices at different exchanges - Arbitrage

[BTCBoss071]

Hello,
I am new into crypto but am learning day by day. I was looking at multiple exchanges in which each have coins trading at different prices. (On coinmarketcap)
For example I am looking at LTC...
Currently its traded LTC/BTC at around $63.40 at all major exchanges, but when I look at the highest price I see LTC/BTC $93.65 at Braziliex with a low volume of 1,213. I know this is very low volume compared to all other major exchanges but did this person just get lucky to sell his coin $20 higher than the market price?
Is there a market to look at alt coins and price dependencies between exchanges and take the arbitrage?
Sorry as I am new, thanks for any help or overview you can provide.

[cryptofangirl]

Coingy offers that option to paying members (60$ for 3 months).
I'm thinking of implementing my own program for tracking this, it's cheaper and I get to customize it as I like.

[tora]

Cost of exchanging coins via exchanges can eat into profits and price can change before transfer is complete but if you are interested here is a link.

 https://twitter.com/Arbitrage_alert

[BTCBoss071]

Cost of exchanging coins via exchanges can eat into profits and price can change before transfer is complete but if you are interested here is a link.

 https://twitter.com/Arbitrage_alert

What kind of fees are associated with exchanging via exchanges? Avg transaction fee per exchange?

[Raffielo]

I’m guessing that may have occured, again it’s a guess, because someone put in an order to trade for a higher price and was lucky to get a response — this may have created a slight blip in the price and others seeing this, may have hopped on the band wagon following suit and thus propelling the price up ...

[rysea2]

arbitration can indeed provide great benefits, but all things must have risks and risks in arbitration is the fall of prices when we are transferring tokens. I usually monitor prices manually at coinmarketcap.com

[GreenRivers]

arbitration can indeed provide great benefits, but all things must have risks and risks in arbitration is the fall of prices when we are transferring tokens. I usually monitor prices manually at coinmarketcap.com

This is why when you see arbitrage opportunities, buy the tokens from the cheaper site and hold. The price difference from the two exchanges will automatically even out leaving you with profit without having to worry about transfer times.

This is how arbitrage is done correctly.

[ethminerbtc]

GREAT!! Free ETH mining machine

[cryptofangirl]

This is why when you see arbitrage opportunities, buy the tokens from the cheaper site and hold. The price difference from the two exchanges will automatically even out leaving you with profit without having to worry about transfer times.

This is how arbitrage is done correctly.

This is not always the case. Sometimes the price can even out at a lower price than the one you bought at, even if it was cheapest price at that time.
If you are quick enough, have good internet connection, know how to set up gas and have a good amount of ether to play with you can do multiple buys and sells and gain big profits.

[BTCBoss071]

Im sure there are programs out there that will detect these arb opportunities. But does anyone do this successfully? There is always the risk the prices even out but on lower volume exchanges I can see it work.

[bright4mech]

The prince of any items supposed to be change base the exchange rent and also the demand we determine contributions of the increase in price.