Why does bitfloor always seem to be $5-6 higher the MtGox?

[Berghoff]

Wouldn't there be an arbitrage opportunity here?

[jthelle]

Thanks for the tip!

Only way to really profit from this is:
-10 pile large amounts of USD to MtGox (there are some fees involved)
-20 trade USD to BTC on MtGox
-30 trade BTC back to USD on bitfloor
-40 withdraw your USD from bitfloor (there are some fees involved)
-50 goto 10

Also note that steps 10 and 40 might have significant waiting times.

[leopard2]

btc-e is even cheaper, but try to get real money there...not possible. Looks like exchanges that make deposits and withdrawals easy and unbureaucratic, have better prices and vice versa.

[Berghoff]

Thanks for the tip!

Only way to really profit from this is:
-10 pile large amounts of USD to MtGox (there are some fees involved)
-20 trade USD to BTC on MtGox
-30 trade BTC back to USD on bitfloor
-40 withdraw your USD from bitfloor (there are some fees involved)
-50 goto 10

Also note that steps 10 and 40 might have significant waiting times.

True, but right now if I were the guy who was on MtGox who has a sell order of 150 for $143, they could transfer it over to bitfloor and sell it for $145 and earn an extra $300 by selling through BitFloor.  Aye, I suppose they'd need to cash out through bitfloor then, and who knows what that might be like.