[Announcement] ArBit - Open Source Bitcoin Arbitrage

[tebou]

https://github.com/goteppo/ArBit

ArBit looks for arbitrage opportunities by monitoring buy and sell quotes at Mt Gox, TradeHill, and ExchB. And once an arbitrage opportunity is found it will automatically execute the trades.

ArBit is written in Go (GoLang) using the Google App Engine SDK, and is mainly a practice project I started in order to learn the Go programming language. I decided to open source it in hopes of getting feedback regarding my code, and also hoping that releasing it would be useful to this community.

Any feedback would be highly appreciated.

Thanks,

Teppo

P.S. I had posted this on the newbie forums earlier and had some follow up discussion there, so if you're interested you can check that out too at: https://bitcointalk.org/index.php?topic=45651.0

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[Chucksta]

Linux

Looks interesting. I'll setup a VM and take a look at this.

[kjj]

Have you actually seen any arbitrage opportunities lately?  I've only been watching Mtgox and Tradehill, but the two have moved in rigid lockstep for maybe a month or two now.

[tebou]

Have you actually seen any arbitrage opportunities lately?  I've only been watching Mtgox and Tradehill, but the two have moved in rigid lockstep for maybe a month or two now.

I am seeing something similar actually.

While this might also be a coincidence since there haven't been any huge moves in the BTC price lately (which usually means fewer chances for arbitrage),
I just realized that my last trade was over a week ago on the 27th of last month, which is only a few days after the release of my arbitrage program (the 24th). And prior to the release it was still finding trades pretty much every day, and often multiple trades each day.

My results are using three different exchanges and not just the two you mentioned, but it is telling a similar story.

[romang]

Seems like a scam to me stay away.