Bitcoin exchange arbitrage.

[skylrcc]

Hello, newbie here.

I was looking at the price differences between Gox, Bitstamp and BTC-e and noticed that Gox often has higher price, sometimes to the tune of over 10% over BTC-e, so I was wondering if anyone has tried doing some BTC arbitrage? Buying on BTC-e for low and selling on Gox 10% higher. I understand that various fees will make window of opportunity much smaller but what else could be the problem, and whether anyone here does this?

I know what Gox payouts are extremely slow to get so this may be one of the problems. But anyway. let me know what you guys think.

[coinslut]

A lot of people do this. MT.Gox takes forever to wire USD withdraws.
There is a lot of risk in price changes during the process.
Some money to be made there, but not a lot since people have bots set up for these purposes.

The price you see on each exchange already is being altered by massive arbitrage from other exchanges.

[pokerFace2]

If it would be easy to move USD from MtGox to BTC-E, the price woud be about the same at both exchanges.

You only see how hard it is to move USD