Campbx price very different from MtGoX

[Arcas]

Does anyone know why CampBX market is at 106 right now while MtGox has a 116 market? This doesn't really make sense to me why someone hasn't bought up the coins at $106 (about 16 right now), and sold them at MtGox. Do I not understand how exchanges usually work?

[TheButterZone]

It's called arbitrage, but once you sell them at MtGox, you can't immediately get money back to CBX to rebuy cheap and repeat the cycle.

[epetroel]

Does anyone know why CampBX market is at 106 right now while MtGox has a 116 market? This doesn't really make sense to me why someone hasn't bought up the coins at $106 (about 16 right now), and sold them at MtGox. Do I not understand how exchanges usually work?

This is exactly what I normally do.  But at the moment I can't get funds out of Gox via Dwolla and back to CampBX, so I have no money at CampBX to buy with.  I'm sure others doing arbitrage are having the same issue.  Hence the price difference.

[john_doe]

So it is arbitrage what keeps the price in non-Mt.Gox exchanges at about Mt.Gox's level?

[epetroel]

So it is arbitrage what keeps the price in non-Mt.Gox exchanges at about Mt.Gox's level?

For the most part, yes.

[arbitrage001]

You need to also check volume.

The order book on Campbx doesn't really have that much quantity for perceived easy profit.

[genuise]

bitcoin-analytics.com/#arbitrage real time - take a look