cross-exchange trading

[minerops]

wondering if anyone is successfully trading between the exchanges (mainly mt. gox and tradehill, buying on one, selling on the other) to make a few cents at a time...

any1? 

[1715042812]

1715042812

[1715042812]

1715042812

[1715042812]

1715042812

[Chucksta]

I haven't been, but am considering it. MtGox and Tradehill are currently both @ $17, while Bitcoin7 is @ $16

[bitfon]

There were some big differences between Gox and TH a couple days ago, but they've been very close since then.

Hard to make much when TH is so shallow, and after paying commissions on both sides.

You'd need to keep a decent balance of both USD and BTC on each exchange, and periodically rebalance them.

Really requires automation which won't be possible until TH releases their API.

[k]

was thinking about it but haven't done it yet.

made this live google doc to make it easy to see which of the large exchanges is offering the best rate.

https://spreadsheets.google.com/spreadsheet/pub?key=0Arbegqx_2nKadElRaFlBYWljTURCMGl0R3prTkZsU2c&single=true&gid=1&output=html

[minerops]

nice i like that live doc

happy 420 from cali

[error]

Enjoy it while you can, until the exchanges network with each other.

[KMBTC11]

Enjoy it while you can, until the exchanges network with each other.

This.  Arbitrage will be gone in a flash.

[SlipperySlope]

Enjoy it while you can, until the exchanges network with each other.

What motivation would bitcoin exchanges have to network their open orders? 

For example, why would Mt Gox link with a lower volume competitor.  Arbitrageurs conduct transactions that are subject to exchange fees.  If arbitrage is no longer possible, then the exchanges lose that transaction volume.

More likely, larger exchanges will purchase smaller exchanges.