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February 20, 2014, 06:37:02 AM |
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The problem with arbing bitcoin is moving USD between them. Assuming 1% transaction fees (moving money around), that implys that a 1% difference can persist between the exchanges (or $6 at a $620 btc/usd price).
If they are getting 1% daily returns, it should not be hard to find a handful of whales to bankroll them.
I doubt that they need much money. Certainly not enough to be worth investing in creating an individual account system and all the processing hassles. The daily volume on bitstamp is $7 million USD. I doubt they would need more than 1% of that to arbitrage, or about $70,000.
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