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Author Topic: Good day for arbitraging  (Read 536 times)
Marcel555
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October 15, 2018, 08:44:42 PM
 #1

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex  bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.
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October 15, 2018, 11:07:42 PM
Merited by suchmoon (4)
 #2

There is no arbitrage opportunity.

Tether has become uncoupled from USD. It is currently sitting around $0.96, but was as low as $0.90 earlier. The difference in prices shown on Blockfolio are likely because the app assumes that Tether is always worth $1, which is currently not the case. If you go on the actual exchanges, compare the ones that trade against USD to those that trade against USDT, and calculate the prices manually, the differences completely disappear.

You can guarantee if there was an arbitrage opportunity, especially one this large, it wouldn't have been sitting open for 12-16 hours. The trading bots would have exploited it and quickly closed any price gap.

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October 16, 2018, 12:20:42 AM
 #3

    Honestly i tried out Arbitraging a few months back but i found out that it's not quite profitable these days for the following Factors

  • TRADING BOTS
    Too many trading bots in play have made it quite hard to catch those coin price gaps between different exchanges. The coin price gap will be long gone even before the transaction is confirmed

  • VOLATILE COIN PRICE
    Successful crypto arbitrage requires when the price of a coin is not so volatile but in the case of coins like Bitcoin, the price can change by $50 in matter of minutes. You may end up buying it thinking you have bought low, you try to transfer it to another exchange only for the price to drop there too within minutes before even the transaction is confirmed.

  • SLOW TRANSACTION CONFIRMATION
    This is the case especially for Bitcoin, You have to wait for more than about 20 to 30 minutes of which the price or coin market gap will have be long filled up.

  • WALLET MAINTENANCE
    Some coin market price gaps are just due to the different wallet maintenance schedules in different exchanges. You buy a coin and try to transfer it to another exchange so as to sell high only to realize that the other exchange's wallet is under maintenance and they do not accept a deposit of that coin

  • DECEPTIVE MARKET PRICE ON DIFFERENT EXCHANGES
    This is common with altcoins since some have low trade volumes, for example the sell price you may see in the exchange you want to transfer your coins to and sell may not be reflected well in the order-book. It could just be a small sale volume which was made at a very high price yet in the order-book the next bid order is either at the same price range as the price with which you bought the coin or even slightly lower implying will just make a loss if you dare to transfer the coins and sell them.
Those are the few shortcomings that i experienced and i thought i could share with you.[/list]
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October 16, 2018, 12:38:48 AM
 #4

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex  bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.


Well you can really do arbitrage as long as you are quick but always remember that there's fee you needed to pay so somewhat the profits that you are talking will be greatly reduced. It will be exploited soon and we wouldn't see that price gaps as quick as you see them right now. But if you think you can take this opportunity to make money very fast then do it but just be careful as well.

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October 16, 2018, 01:00:41 AM
 #5

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex  bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

you can sell coins at bitfinex or on USDT markets and hope the price disparity dies down, but that's about it. you can't actually withdraw USD and complete the arbitrage cycle.

so there's really no way to arbitrage. if arbitrage were possible, the gaps would close up quickly. all you can do is trade against the market's collective will to exit bitfinex and tether, and wait for withdrawals to open back up.

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October 16, 2018, 02:50:59 AM
 #6

every day we can do coin arbitrage. depending on how we see the potential of coins that can send quickly or not. To arbitrate in my opinion there is no particular moment. it's just that we often have to see the movement of coin prices on each exchanger.
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October 16, 2018, 05:03:32 AM
 #7

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex  bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.


Maybe there is a widespread of prices between exchanges but the fact that "Fees and transaction time" are quite a hindrance, your possible profits for that arbitrage would dramatically low down or worst case, you might loss some of your BTC possessions. If the spread are like 1% per BTC then more likely you need to trade bigger volume to get profits from your trade.
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October 16, 2018, 05:10:09 AM
 #8

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex  bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.


Nope, it doesnt work that smoothly mate. If you even start doing such arbitrage trading then also things can be messy in terms of withdrawal fees and trading fees. You have to pay fees for first exchanger, then same happens with the second one too. You cut loose your profits over there only.

I know you may say that, fees are just 0.1% to 1% on these big exchangers but note that the margin between two exchangers could be less than 1-2% itself. In short at the end you wont be having much of it.

Better try short term trading.

 
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October 16, 2018, 06:03:32 AM
 #9

I'm arbitraging a small amount, basically got in at a 4.5% arbitrage a few hours prior. I don't believe this tether FUD and have seen it before way too many times, so taking a small risk.

There are many ways to go about this. However if you got a Bitmex and Bitfinex account, you just open a short on Bitfinex and open a long on Bitmex and just wait it out. Should take a day or two.

Just remember that Bitfinex the trade is done using BTC and in Bitmex its done using USD. So you would long 6400 contracts and short 1 BTC if the price was (6400-6800 respectivately on Bitmex, Bitfinex)






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October 16, 2018, 06:06:10 AM
 #10

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex  bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.


Although you can do this, you need to calculate the time to confirm the transaction because sometimes, you need longer than you can imagine, so you are not getting profit, but you will get a loss. Sometimes, if we are lucky, we can make a big profit for doing arbitrage trading but in the other time, when the bitcoin network is getting a large transaction, then you will need to wait for a longer time to receive in the other wallet. Be careful when you want to make arbitrage trading.
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October 16, 2018, 06:49:22 AM
 #11

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex  bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.


Although you can do this, you need to calculate the time to confirm the transaction because sometimes, you need longer than you can imagine, so you are not getting profit, but you will get a loss. Sometimes, if we are lucky, we can make a big profit for doing arbitrage trading but in the other time, when the bitcoin network is getting a large transaction, then you will need to wait for a longer time to receive in the other wallet. Be careful when you want to make arbitrage trading.

Normally when you arbitrage you do it at exactly the same time, you got BTC on one exchange and the USD on the other. Nobody arbitrages this way that you described. Basically what you said, the price can change while your BTC is being confirmed and it might turn into a loss.

The people that are wanting to deposit FIAT into Bitfinex are not going to arbitrage it. They will just deposit BTC, sell it and just wire out their USD and send to another exchange.





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October 16, 2018, 06:58:01 AM
Merited by o_e_l_e_o (2)
 #12

The people that are wanting to deposit FIAT into Bitfinex are not going to arbitrage it. They will just deposit BTC, sell it and just wire out their USD and send to another exchange.

From what I've read, it's not like that, at least not at Bitfinex. From what I read people trying to withdraw USD from Bitfinex get a nasty surprise - they can't. And it seems that this happens since August.

So we have the low prices in USD in some places, we have the high USD prices in other places, but you cannot withdraw, and there are the high prices in USDT which is not 1:1 with USD.
Not good at all for arbitrage.

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October 16, 2018, 07:03:22 AM
 #13

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex  bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

If someday is looking good for the arbitrage trading where lot of volatility and price diffecence then it also very risky for to be arbitraging because when you are going to transact from one to another exchange the prices will fall so much so you will lose your money in the form of depositing and transaction fee.

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October 16, 2018, 08:30:29 AM
 #14

Arbitrage is not that simple, one wrong movements could end up losing money, you can't rely only on the price that you see, but you need to consider the transaction volume, the speed transaction and the transaction fee, and most of the coin that you see is infamous coin, so if you not acting fast then you will miss the chance and end up losing money
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October 16, 2018, 08:43:44 AM
 #15

Currently iam not interesting to do arbitrage trading for some reason, like high fee transfer, long times comfirmed transaction so the price can be change , and look more complicated and promising small profit. Alot of altcoin was push from the bottom and for the beter i spend more times to analysis it by technical and fundamental.

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October 16, 2018, 08:52:39 AM
 #16

Yes, between the exchanges there is a difference in the price of various cryptocurrencies, but you need almost a whole day to devote to arbitration or to have large sums for such operations, in order to experience a good profit

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October 16, 2018, 09:03:38 AM
 #17

Yes, between the exchanges there is a difference in the price of various cryptocurrencies, but you need almost a whole day to devote to arbitration or to have large sums for such operations, in order to experience a good profit

Couldn't agree more with you! There is and always will be a difference in prices between exchanges. The price of coins is more likely set up by the User's of the exchange and the difference is not that huge anyway, including the commission/fee on exchanges and so on - it's not that profitable as it seems to be.

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October 16, 2018, 09:04:18 AM
 #18

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex  bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

There are great arbitrary opportunities these days across all the exchanges. I just used the block folio yesterday and see great many opportunities. I believe that we are going to have different in price as good news has started flowing into the market. In altcoins markets we are seeing vary pricing in cryptopia and bittrex and if you know how to sort things out you will see great opportunities.
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October 16, 2018, 12:23:41 PM
 #19

I really like arbitration where I can get big profits in a short time. But there are some things that can make you fail in arbitration and make us actually get a loss and one of the things that must be considered is the transaction time for sending tokens between exchanges, because if the transaction takes a long time then there are many possibilities that the price we are going to have changed and someone else has taken it.

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bitmover
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October 16, 2018, 01:26:34 PM
 #20

you can sell coins at bitfinex or on USDT markets and hope the price disparity dies down, but that's about it. you can't actually withdraw USD and complete the arbitrage cycle.

This situation is scary. Mt. Gox closed withdrawls as well when they had problems. I hope bitfinex solves this situation fast.

About arbitrage, it's possible when when market volatility is high. It's also possible if you have exchanges in different countries with different currencies, such as USD and some other local currency.

If someone manage to somehow have a South Korean bank account and a USD bank, it may be possible to make nice arbitrage with some altcoins which are more valuable in south korea.

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