How Did This Happen?

[lclclc223]

If you look at the spreadsheets in the links below, especially the second page, you'll find that according to the OHLC data from cryptowat.ch, the spot price of BTCUSD differs wildly between cex.io and btc-e. Is there something wrong with the data? And if not, what is causing it to differ in such a dramatic manner?

https://sheet.zoho.com/sheet/ropen.do?rid=k8jp8689bd9ad5e484967bb5e2ad45c6af7f8

[1715187059]

1715187059

[1715187059]

1715187059

[ImHash]

It doesn't matter what prices are in different exchanges but what matters is can you sell any amount of bitcoins if you buy low here and try to sell high over there?
I doubt it and you can only take advantage over  this by  trading a few bucks and profiting.

[lclclc223]

So there did exist such a price discrepancy?

[Capradina]

Is it something the benchmark price is indeed a very valid friend ..?? . because I think that there are some sites that do something of cheating by using a reference price BTC-> USD. So, I thought it was just a mistake or a manipulation of the price of btc

[Red-Apple]

If you look at the spreadsheets in the links below, especially the second page, you'll find that according to the OHLC data from cryptowat.ch, the spot price of BTCUSD differs wildly between cex.io and btc-e. Is there something wrong with the data? And if not, what is causing it to differ in such a dramatic manner?
-snipped-

upload your data on google spreadsheet next time, it is free and trusted and doesn't need signing up for an account just to see it like zoho!!

i have to see the difference and the size of it to give a better opinion but these differences are not strange and they happen all the time and in case of cex.io the price is a bit higher because of lack of volume.
all the orders are as big as 0.01 to 0.1BTC right now at least!!

[Kprawn]

Draw in some of the Chinese exchange data, if you want to see some big differences... their volumes are much higher, because they charge zero

fees. Some people seem to think that this is being manipulated, but I think more people trade there because it's cheaper than other exchanges. The

Western exchanges also have ridiculous verification procedures to adhere to KYC/AML regulations, so people tend to avoid them.   

[lclclc223]

upload your data on google spreadsheet next time, it is free and trusted and doesn't need signing up for an account just to see it like zoho!!

Thanks for the suggestion! Here it is:

https://docs.google.com/spreadsheets/d/11m0SnoLsFqslqtb95nGxp5aABF2zr2kO6uKq_xWiQ_s/edit?usp=sharing

But do you guys think that there is something wrong with a $150 price difference?

Draw in some of the Chinese exchange data, if you want to see some big differences... their volumes are much higher, because they charge zero

fees. Some people seem to think that this is being manipulated, but I think more people trade there because it's cheaper than other exchanges. The

Western exchanges also have ridiculous verification procedures to adhere to KYC/AML regulations, so people tend to avoid them.   

Would you mind explaining what KYC/AML regulations are?

[Yakamoto]

If you look at the spreadsheets in the links below, especially the second page, you'll find that according to the OHLC data from cryptowat.ch, the spot price of BTCUSD differs wildly between cex.io and btc-e. Is there something wrong with the data? And if not, what is causing it to differ in such a dramatic manner?

https://sheet.zoho.com/sheet/ropen.do?rid=k8jp8689bd9ad5e484967bb5e2ad45c6af7f8

There isn't necessarily something wrong with the data, discrepancies like that typically exist when two communities are able to buy/sell different amount of money coming from a different form of money, namely since cex.io has some trading that comes directly from those who are mining. BTC-E is limited basically to traders alone, and that's why there is a bigger difference between the two.

[The Sceptical Chymist]

$150 discrepancy?  That's an arbitrageur's wet dream!

Having said that, I never know which prices to trust, nor do I watch many of the exchanges anyway.  There used to be enormous discrepancies between Mt. Gox and everyone else before they crashed. And that was because most people doubted whether they could actually get their money off the exchange. I don't think that's the case with any of them these days, so I'm not sure what would account for the discrepancies. Good luck if you're trying to arbitrage.

[cpfreeplz]

Would you mind explaining what KYC/AML regulations are?

Know your customer / anti-money laundering. Basically it means you have to show your ID and where the funds are coming from. There are lots of regulations in the west so getting past them is impossible with legitimate exchanges.

[outatime1]

It could have something to do with the number of customers on these exchanges and the supply and demand. There is always going to be some price difference between exchanges.

[MingLee]

If you look at the spreadsheets in the links below, especially the second page, you'll find that according to the OHLC data from cryptowat.ch, the spot price of BTCUSD differs wildly between cex.io and btc-e. Is there something wrong with the data? And if not, what is causing it to differ in such a dramatic manner?

https://sheet.zoho.com/sheet/ropen.do?rid=k8jp8689bd9ad5e484967bb5e2ad45c6af7f8

Everyone has their own price that they're willing to sell for, and cex.io is a cloud mining ghash trading site on top of a BTC/USD exchange, and when you compare it to BTC-E (an exchange with a fairly large trading volume and amount of users) there are fewer people on cex.io which means that discrepancies are bigger (just compare a normal "small" exchange to a large one) and you can see the differences between orders are much bigger.

[pooya87]

upload your data on google spreadsheet next time, it is free and trusted and doesn't need signing up for an account just to see it like zoho!!

Thanks for the suggestion! Here it is:

https://docs.google.com/spreadsheets/d/11m0SnoLsFqslqtb95nGxp5aABF2zr2kO6uKq_xWiQ_s/edit?usp=sharing

But do you guys think that there is something wrong with a $150 price difference?

Draw in some of the Chinese exchange data, if you want to see some big differences... their volumes are much higher, because they charge zero

fees. Some people seem to think that this is being manipulated, but I think more people trade there because it's cheaper than other exchanges. The

Western exchanges also have ridiculous verification procedures to adhere to KYC/AML regulations, so people tend to avoid them.   

Would you mind explaining what KYC/AML regulations are?

https://en.wikipedia.org/wiki/Know_your_customer
in short it is because of regulations and to avoid money laundering and other kinds of fraud. but still i don't get why there is such a big difference here because even with all these time to get confirmed there is still many people trading on cex.io and i think they were offering some lower fees or zero fees (something like that) because of their anniversary IIRC

[Labumi]

I thought it was just a technical error and we cannot conclude that it is something bad or fatal. May cex.io and btc-e has a different price reference, but that I am sure that all the references that they use is the same and there is a possibility that both of the experience exchange error