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Author Topic: idea for arbitrage service  (Read 245 times)
elpeter84
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September 17, 2017, 12:36:41 PM
 #1

Hi All,

We are testing a new service and wanted to get your thoughts to see if it will be helpful and has value for those who do cross-market crypto trading: http://52.166.79.242 It helps to find best arbitrage deals across different crypto exchanges.

Let me know what you guys think? We are considering to turn it into a full-scale project but we first wanted to get your opinions and possibly test results to see if you guys could profit from it. Please provide your comments and suggestions. We are really looking forward to get your feedback! Thank you!
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elpeter84
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September 17, 2017, 09:42:00 PM
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Earlier today we have added the live quotes for currencies feature which works across many crypto exchanges! Please visit our web site http://52.166.79.242 and click on 'Quotes' (new) link.
EdeleGees
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September 18, 2017, 04:02:13 AM
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Idea: Allow fetching arbitrage data via API and/or WebSockets.
elpeter84
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September 18, 2017, 09:44:38 AM
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Good morning/day/evening/night to all!

Based on the positive feedback we got from different forums and with direct messages, we have decided to outline the dev roadmap for the next 2 weeks:

1. Add ‘my account’ feature - ability to sign up and login into your accounts.

2. Add ’notifications’ feature - ability to receive alerts based on selected parameters: exchanges, currencies, preferred min profit and arbitrage window width calculation. These notifications will be derived into the email (users with fake email accounts will not benefit from this feature); also alerts will be arriving through a Google Cloud message (Chrome notifications) and from the web site’s account interface.

3.  Add ’arbitrage window width’ calculation. Currently works in beta, however, in order to improve prognosis it needs additional 2 months of statistics/data.

4. Order book data support.  

5. Ability to setup a max profit amount on the arbitrage trade.

6.  Moving to upgraded servers with the ping rate of 1 ms to exchanges

7. Moving to a normal (letter-based) domain with https protocol. We received some feedback that some users cannot open the current domain we have since it gets blocked by antivirus programs.

8. Add access to arbitrage data through rest-API.

9. Ability to receive quotes and order books via web-sockets (and possibly through tcp)

10. Add ‘technical analysis information’ feature. This feature will be useful for those who do long-term trading. We already have this mechanism ready, just don’t have enough time and people to integrate it into the web site interface

11. Add ‘historical charts’ - this feature will allow to pull charts based on best prices and specific exchanges. Also, users will be able to add and save technical indicators into the chart.

DONATIONS - guys we are working very hard to get this setup ASAP based on your wishes and feedback. The monthly charge for hosting, servers and maintenance will cost us about $500 / month. So we are really hoping that each of you who will be using our service will be able to donate at least a portion to help us. Any amount will be greatly appreciated! This will help us to finish the features roadmap on time and provide you with an awesome tool/service in 2 weeks.  Later on today, we will be setting up a donation information section on our web site. For those who will be making donations, please send the donation receipts to us (we will also add contact info on the web site) and we will try to thank you with additional ‘early-stage’ benefits such as early access to beta-version, CPU and RAM support prioritization , etc.

Down the road, we plan on widening the development around the trading and investments such as: interface trading, order placements, balance reflection in charts and in interface. For these features we would need to setup a really high-end coding/encryption and protection. So these features will require more time to be completed.

Please provide your feedback/questions and I will be happy to answer them or where possible, prioritize requests ahead of time.

Best Regards,
Peter
elpeter84
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September 18, 2017, 09:51:33 AM
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Idea: Allow fetching arbitrage data via API and/or WebSockets.

Thanks EdeleGees - please see my above post with detailed answered on the features roadmap.
EdeleGees
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September 18, 2017, 11:44:57 AM
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Thanks EdeleGees - please see my above post with detailed answered on the features roadmap.

Good roadmap, wishing you the best luck developing this useful service!
alva5763
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September 18, 2017, 06:59:23 PM
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Arbitrage is a secondary method of trading. it is a good idea as there can be quite a variation in prices between exchanges. The only drawback is the withdrawal fees from each site. Perhaps volume is the answer.
elpeter84
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September 18, 2017, 07:22:05 PM
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Arbitrage is a secondary method of trading. it is a good idea as there can be quite a variation in prices between exchanges. The only drawback is the withdrawal fees from each site. Perhaps volume is the answer.

Thanks alva5763! I completely understand your concern on the exchange fees. And we have included them so all the profit results for each generated arbitrage are net after all the exchange fees. However, there are few things you should know:   

In order to make calculations more precise, we’ve included the following commission/fees from each crypto exchange: network fees, withdrawal fees and trading fees (maker/taker)

Please note that FOR NOW we’ve added the same 0,25% trade fee for all crypto-exchanges. This way it will put less pressure on our current server since the algorithm calculates the real-time data with over 1,5 trillion possible trades across all markets. If we put different fee % that each exchange charges, then I am afraid the current server will not make it and users may experience long delays in receive the data.

On the positive side - this 0,25% is temporary until we move to a better server infrastructure which we plan on in the next few weeks. Also, as you probably know 0,25% taker/maker fee is on the higher end and many exchanges charge less. So once we update the algorithm with applicable fees for each market, then the actual profit results should be higher.

Once again I encourage all of you to try our service if possible and provide some feedback! The best recommendation to us is that it brings value ($$$$$) to our guests. This way we know that we are on the right track.

Kind Regards,
Peter
elpeter84
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September 19, 2017, 08:23:34 AM
 #9

Hi All,

The release day is coming closer and we are finalizing ‘my account’ feature and registration feature for users with personal trade routes. We are building API for those who want to create (code) their own bots and use our arbitrage finder services and/or be able to consolidate order books and live quotes from all exchanges. Also, we are finalizing the mobile phone and email notification feature related to arbitrage suggestions. For all those who plan on using our arbitrage service - we recommend to start getting to know the list of crypto-exchanges and open accounts there. The verification process for exchange accounts (to be able to have the highest limits and trade with all currencies) take some time so it’s recommended to open them ahead of time. And for those who wish to have the service to monitor the live quotes, all it takes is an additional patience.

I would like to remind once again that the we are facing the est. $500 monthly cost to maintain a new server  infrastructure, and so we are asking to support us with this project so that we can develop and maintain it until further stages.  We have added the ‘Support’ button on the top portion of our web site. The direct link is here: http://52.166.79.242/donate

The good news is that we have since past Saturday we have received 372 unique visitors so this is exciting news since we are working days and nights to make this project possible.

Another important thing - please don’t forget to send us your donation payment receipts so that we can prioritize some new beta  services for those who supported us (we will post more info about it later on)

Once we move to new servers this Thursday or Friday, you should be able to monitor live maintenance updates by visiting this link: http://52.166.79.242/roadmap

And most importantly, don’t forget that once we get the new domain name for our web site, we will setup an automatic redirect from the current to a new domain for the 1st week. Afterwards, we will disable the current domain (an old one) in order to provide more backend support for those who provided the initial donations. Remember that we will be adding the beta features for our sponsors first.

Thank you all once again! Feel free to shoot me any questions!

Best Regards,
Peter
elpeter84
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September 21, 2017, 10:58:06 AM
 #10

Hi all! We kicked off the move and as promised I would like to share with you some “plyuh-shki” for those who supported the project:

1. The power reservation: since we have 2 servers that we support, we would then prioritize processes for those who initially supported us focusing on trade route calculations (it will not matter for the small number of users, however, a growing user quanitities will start feeling it)

2. There will be an option to display exceptionally ‘inter-exchange’ arbitrage deals (the trades within one exchange). FYI: for regular users only top 10 results will be displayed based on profitability in accordance with configured settings compliance.

3. The search of the most profitable deals will be set to be configured considering all the trade routes (standard users will have limits meaning that there will a concretization into the starting and end points or else a crypto-exchange and currencies)

4. A future option will be added to increase the depth of search with up to 10 arbitrage transactions.

5. The limit related to cycle deals will be disabled. This improvement will be a convenient option proceeded within the inter-exchange trade. As a result after 2-3 currency circles there will be an opportunity to rounds up several cycles in order to extract profit.
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