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Author Topic: Bitcoin Triangular Arbitrage  (Read 5235 times)
soixantedix
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September 27, 2015, 03:07:17 PM
 #1

Hi guys
I would like to share my technique of trading with btc.
Its called triangular arbitrage. It is well known in fiscal economy world by arbitrageurs.
Triangular arbitrage is exploiting an opportunity resulting from a pricing discrepancy among three different currencies (read combination of currencies, altcoins etc)
A triangular arbitrage strategy involves three trades, exchanging the initial currency for a second, the second currency for a third, and the third currency for the initial.
It is a zero risk profit.
Manually calculating formulas of posibile triangular arbitrage is quite time consuming
i am using Adroid app
https://play.google.com/store/apps/details?id=wellbeing.currencyarbitrage

it is a zero-risk profit, but need patiency
good luck
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Mickeyb
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September 27, 2015, 08:42:06 PM
 #2

Hi guys
I would like to share my technique of trading with btc.
Its called triangular arbitrage. It is well known in fiscal economy world by arbitrageurs.
Triangular arbitrage is exploiting an opportunity resulting from a pricing discrepancy among three different currencies (read combination of currencies, altcoins etc)
A triangular arbitrage strategy involves three trades, exchanging the initial currency for a second, the second currency for a third, and the third currency for the initial.
It is a zero risk profit.
Manually calculating formulas of posibile triangular arbitrage is quite time consuming
i am using Adroid app
https://play.google.com/store/apps/details?id=wellbeing.currencyarbitrage

it is a zero-risk profit, but need patiency
good luck

So have you actually managed to make some money by doing this? I must admit that this looks very complicated and time consuming.

The majority of the arbitrage today have been done by the arbitrage bots. I am sure that these bots can be coded to trade these triangular arbitrage as well. This would be much easier to do than to do it manually as you suggested.
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September 27, 2015, 08:43:51 PM
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So have you actually managed to make some money by doing this? I must admit that this looks very complicated and time consuming.

The majority of the arbitrage today have been done by the arbitrage bots. I am sure that these bots can be coded to trade these triangular arbitrage as well. This would be much easier to do than to do it manually as you suggested.

It is indeed complicated and OP is exaggerating when he says that it's a zero risk profit.
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September 28, 2015, 05:32:00 AM
 #4


the key is to be able to complete all the trades in near time to avoid slippage. Not risk free

on the topic of arbitrage I have considered this strategy before, eg cross exchange arbitrage.  The main sticking point I see is moving your fiat in the opposite direction in preparation for more trades.  There are fees and a time lag associated with this, that may make the strategy not an efficient use of capital.  The fiat problem is worst when all the arbitrages are always in the same direction.  anyone have any experience with this?

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soixantedix
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September 28, 2015, 05:40:15 AM
 #5

i am using multi-coins platform like poloniex.com
there i can find form time to time triangular arbitrage possiblities. all transactions i perform everything on same site.
because if you will transger coins from one to another surely it will take time to catch discrepancy
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September 28, 2015, 07:06:01 AM
 #6


the key is to be able to complete all the trades in near time to avoid slippage. Not risk free

on the topic of arbitrage I have considered this strategy before, eg cross exchange arbitrage.  The main sticking point I see is moving your fiat in the opposite direction in preparation for more trades.  There are fees and a time lag associated with this, that may make the strategy not an efficient use of capital.  The fiat problem is worst when all the arbitrages are always in the same direction.  anyone have any experience with this?


The only solution to solve this is to hold, both coins and Fiat on all of the exchanges that you are doing an arbitrage at. But this is a double risk as well if one of the exchanges goes down and bust.

So yeah, nothing is risk free and arbitrages are indeed hard.
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September 28, 2015, 04:40:42 PM
 #7

i am using multi-coins platform like poloniex.com
there i can find form time to time triangular arbitrage possiblities. all transactions i perform everything on same site.
because if you will transger coins from one to another surely it will take time to catch discrepancy

How do you find the arbitrage possibilities? Do you use an excell sheet or something?

soixantedix
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September 28, 2015, 05:05:22 PM
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i scrape altcoins exchange rates. then chilling out on sofa and checking ooportunities with android app i mentioned above
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September 28, 2015, 10:21:19 PM
 #9

i scrape altcoins exchange rates. then chilling out on sofa and checking ooportunities with android app i mentioned above

Thank you very much, it is very kind of you revealing all this  Grin

Ceizer54
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October 01, 2015, 09:38:06 AM
 #10

Triangular arbitrage is more complicated and time consuming then simple arbitrage..And i guess,it's almost impossible to execute in real time manually becuase even if you manage to find such opportunities then you have to be super fast to execute them at that very instant of time otherwise you are taking a risk..another issue is the waiting time between transfer of coins and for confirmations..Arbitrage is only profitable if you have bots specially made for arbitration.
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October 01, 2015, 03:47:44 PM
 #11

Triangular arbitrage is more complicated and time consuming then simple arbitrage..And i guess,it's almost impossible to execute in real time manually becuase even if you manage to find such opportunities then you have to be super fast to execute them at that very instant of time otherwise you are taking a risk..another issue is the waiting time between transfer of coins and for confirmations..Arbitrage is only profitable if you have bots specially made for arbitration.

But perhaps you can see the opportunity and set orders to fire just in case the opportunity comes again. I guess that the discrepancies are more prone to happen in the same set of currencies.

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January 18, 2018, 02:36:33 AM
 #12

Hi guys
I would like to share my technique of trading with btc.
Its called triangular arbitrage. It is well known in fiscal economy world by arbitrageurs.
Triangular arbitrage is exploiting an opportunity resulting from a pricing discrepancy among three different currencies (read combination of currencies, altcoins etc)
A triangular arbitrage strategy involves three trades, exchanging the initial currency for a second, the second currency for a third, and the third currency for the initial.
It is a zero risk profit.
Manually calculating formulas of posibile triangular arbitrage is quite time consuming
i am using Adroid app
https://play.google.com/store/apps/details?id=wellbeing.currencyarbitrage

it is a zero-risk profit, but need patiency
good luck

i need someone to develop something similar like this to me.

please drop me an PM . we can work together.
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January 18, 2018, 05:00:05 AM
Last edit: January 18, 2018, 08:05:15 AM by haroldtee
 #13

Firstly, no arbitrage is zero-risk, in fact, there is a huge risk, let alone triangular arbitrage that can be extremely tasking.
Secondly, this app was last updated in 2015 with just one review, as I was expecting to at least get a confirmation of your statement from the users, which I also found out it is basically for the forex market alone. Not really sure if you easily pull this off with the app on the foreign exchange market but I would like to see that or probably you are the owner of the app and trying to push it out to the public.
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January 18, 2018, 06:12:11 AM
 #14

~
i need someone to develop something similar like this to me.
please drop me an PM . we can work together.

don't bother my friend, you will be throwing your money away. i have my bot running nearly 24/7 for over a year now and let me tell you that first of all it is not "0 risk" because not only others are doing it but also the market is moving and even in seconds the order you had your eye on can vanish.
secondly the profit made from this is not even going to cover the withdrawal fee. my bot is running because it is just a small part of the bigger bot doing a lot of other things for me.

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January 18, 2018, 12:23:39 PM
 #15

~
i need someone to develop something similar like this to me.
please drop me an PM . we can work together.

don't bother my friend, you will be throwing your money away. i have my bot running nearly 24/7 for over a year now and let me tell you that first of all it is not "0 risk" because not only others are doing it but also the market is moving and even in seconds the order you had your eye on can vanish.
secondly the profit made from this is not even going to cover the withdrawal fee. my bot is running because it is just a small part of the bigger bot doing a lot of other things for me.

i see..

thanks for the advice. i am already doing it. profitably. i just want to automate the signals so i dont have to keep looking at the screen 24/7. its not meant to be a bot. just someting that will email/sms me saying there is an entry at a certain point.

the OP pm'ed me . lets see what we work in. but good to know you also have a bot like that , ill keep in touch with you to see if we can do something together.

thanks
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January 18, 2018, 05:54:27 PM
 #16

Hey mate...

..I´ve tried that tool as well but for some reason I cant find a suitable combination of pairs - u said u already use it successfully so can you eventually gimme some advise on how to use it profitable? Wich exchanges do you use pls and which pairs are the best a.t.m.? Maybe u can demonstrate your entered calculation as well? Would be great to see so really appreciate your help in advance Smiley

Best Regards
Michael
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January 18, 2018, 06:12:06 PM
 #17

unfortunately, in arbitrage there will always be a risk because we have to wait in the transfer and could have changed prices when we are doing it, unless you can do trasfer in just seconds.
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January 18, 2018, 06:56:44 PM
 #18

You must always check exchange wallet status before start any triangular arbitrage.
Usually those differences and arbitrage opportunities are created by wallets in maintenance in specific exchanges.

.
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Meikel
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January 18, 2018, 07:18:10 PM
 #19

Good advise - just today I came across those "wallet maintenance issues" which prevented me from doing a good cycle - so - is ANYONE doing this with a profit between exchanges? I mean - 2-3% would be great if it´s repeatable....cant believe that there´s no one out the having done this already or is still doing this :-)

So where are your success stories guys Smiley  ?

*cheers*
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January 18, 2018, 08:16:42 PM
 #20

Hey mate...

..I´ve tried that tool as well but for some reason I cant find a suitable combination of pairs - u said u already use it successfully so can you eventually gimme some advise on how to use it profitable? Wich exchanges do you use pls and which pairs are the best a.t.m.? Maybe u can demonstrate your entered calculation as well? Would be great to see so really appreciate your help in advance Smiley

Best Regards
Michael

hi meikel
how you doing.
i never used the app . i use the method!!
i use two currencies and one crypto.

this is it.

i buy btc in my country when it is cheaper than oversees. send to a big exchange, like bitstamp/kraken/gdax and sell for USD .
then i KEEP THE USD ..

once the price oversees (in usd) is cheaper than in my country i buy there and resell for fiat currency locally.

this is it. that is my triangle arbitrage. Smiley

its like a forex market when you trade eur/usd but i trade eur/usd using btc as a middleman. Smiley
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