Anyone doing arbitrage?

[reactorjuno]

Hi folks,

Willing to start considering this option to make some decent profits. I have a short experience, but none in cryptocurrencies.
I have been using Bitstamp for trading (very satisfied with it). Now willing to try arbitrage:
-any software available?
-any recommended exchange to use with Bitstamp?
-any other tips?

Thanks for the constructive replies.

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[Oilacris]

-any software available?
-any recommended exchange to use with Bitstamp?
-any other tips?

I haven't tried out to make use of any software when searching up some arbitrage opportunities which means I've done it manually but as far as I know
there are really some tools that you can use up. Just make some research.

For now when talking arbitrage opportunities this is the hardest part to be known yet most people here know these chances is really very rare.
Once you spot out then time would be crucial to make money out of price gaps.

[Coyster]

There are many softwares I think that enable one to do arbitrage trading,but in my opinion,its not so profitable and embodies high amount of risks
Checking out for minor difference in price on different exchanges,could be tasking and the disparity isn't much most times to accrue anything worthwhile.
It's better to trade the normal way

[reactorjuno]

There are many softwares I think that enable one to do arbitrage trading,but in my opinion,its not so profitable and embodies high amount of risks
Checking out for minor difference in price on different exchanges,could be tasking and the disparity isn't much most times to accrue anything worthwhile.
It's better to trade the normal way

Well I guess the hardest part is that prices tend to fluctuate during the time you buy or sell, it can affect your margin of profit.

But I respectfully disagree with Oilacris, it should be easier to find arbitrage opportunities on cryptocurrencies because it is a relatively new field if we compare it to other classic markets for arbitrage. But perhaps I am wrong, I'll give it a try at the start of next year, might update this thread soon.

[QuadsPoker]

I havent tried arbitrage in cryptocurrencies as well. But i am familiair with iT and i know iT can bring Good profits. Until now i only did arbitrage in sport betting and i am very satisfied with the results. So i would also consider to start doing arbitrage in crypto if there is software as Good as i use for sport betting.  The software i use for sportsbetting had auto login feature for all linked bookies which makes the process for placing an arbitrage very fast executed.

[reactorjuno]

I havent tried arbitrage in cryptocurrencies as well. But i am familiair with iT and i know iT can bring Good profits. Until now i only did arbitrage in sport betting and i am very satisfied with the results. So i would also consider to start doing arbitrage in crypto if there is software as Good as i use for sport betting.  The software i use for sportsbetting had auto login feature for all linked bookies which makes the process for placing an arbitrage very fast executed.

Was it the software BetBurger?

I used it for a while, but I know in sports betting it is not necessary to use a software, I find it doable to use odds monitoring portals and place my arbs manually.
I am curious to see if it is possible to do it in the crypto world too.

[Tytanowy Janusz]

As i heard its not for small money investor. You need huge porfolio to negotiate special conditions with exchanges like instant transfers, close to 0 fees etc.

[Xardasim]

-any software available?
-any other tips?

I am not busy with it but there is a program called tabtrader, you can follow the price difference in several exchanges. Also working with the API key will make arbitrage very easy but be careful with it.

-any recommended exchange to use with Bitstamp?

If you want to be busy with arbitrage, you should register many exchanges as you can. Because as you know, arbitrage takes advantage of the price difference.

[AntoCokbun]

-any software available?
-any other tips?

I am not busy with it but there is a program called tabtrader, you can follow the price difference in several exchanges. Also working with the API key will make arbitrage very easy but be careful with it.

-any recommended exchange to use with Bitstamp?

If you want to be busy with arbitrage, you should register many exchanges as you can. Because as you know, arbitrage takes advantage of the price difference.

Besides that, I think arbitration has a very big risk, especially in the transaction period. the longer the transaction is done, the less likely we are to get a profit because the market price can even change every minute, even seconds.

[adamlillian]

Hi folks,

-any software available?
-any recommended exchange to use with Bitstamp?
-any other tips?

Thanks for the constructive replies.

I think we should do it manually. Because our market is always changing, so a software can't help you make a profit forever.

[reactorjuno]

-any software available?
-any other tips?

I am not busy with it but there is a program called tabtrader, you can follow the price difference in several exchanges. Also working with the API key will make arbitrage very easy but be careful with it.

-any recommended exchange to use with Bitstamp?

If you want to be busy with arbitrage, you should register many exchanges as you can. Because as you know, arbitrage takes advantage of the price difference.

Besides that, I think arbitration has a very big risk, especially in the transaction period. the longer the transaction is done, the less likely we are to get a profit because the market price can even change every minute, even seconds.

Transaction times causing changing price is the main difficulty indeed. That's why it would be great to have some members here willing to share their personal experience about arbing.
Main thing is: people won't share a winning recipe (which I can understand), But just a few tips would be more than welcome
 Cheers.

[Whosdaddy]

Abritrage is such a tiny niche part of profiting while trading that it really doesn't worth for any human to follow and do that unless they have bank accounts in multiple different countries.

The problem is the arbitrage difference is usually grabbed by the automated bots so they just keep a close look at those type of differences and buy/sell at the right time making it impossible for people like us to manually get into arbitrage, that is why you should keep focusing on researching real good coins and even would be fine if you keep buying the high end coins at top 5 as well instead of learning how to do arbitrage. That would be different of course if you could grab bank accounts in couple different nations and have a decent amount of capital to start, than you can search for local exchanges and take advantage of that.

[QuadsPoker]

I havent tried arbitrage in cryptocurrencies as well. But i am familiair with iT and i know iT can bring Good profits. Until now i only did arbitrage in sport betting and i am very satisfied with the results. So i would also consider to start doing arbitrage in crypto if there is software as Good as i use for sport betting.  The software i use for sportsbetting had auto login feature for all linked bookies which makes the process for placing an arbitrage very fast executed.

Was it the software BetBurger?

I used it for a while, but I know in sports betting it is not necessary to use a software, I find it doable to use odds monitoring portals and place my arbs manually.
I am curious to see if it is possible to do it in the crypto world too.

I have a subscription on the value betting and arb betting software of rebelbetting. I used to use bet burger as well but since 1 year I switched to rebelbetting. I sometimes can find some manually as well but I love their platform cause they have an auto login feature. for arbs it sometimes is a matter of seconds, minutes. by using rebelbetting it auto logins into the right book maker account and mostly also fills in the bet slip.

[QuadsPoker]

-any software available?
-any other tips?

I am not busy with it but there is a program called tabtrader, you can follow the price difference in several exchanges. Also working with the API key will make arbitrage very easy but be careful with it.

-any recommended exchange to use with Bitstamp?

If you want to be busy with arbitrage, you should register many exchanges as you can. Because as you know, arbitrage takes advantage of the price difference.

Besides that, I think arbitration has a very big risk, especially in the transaction period. the longer the transaction is done, the less likely we are to get a profit because the market price can even change every minute, even seconds.

Transaction times causing changing price is the main difficulty indeed. That's why it would be great to have some members here willing to share their personal experience about arbing.
Main thing is: people won't share a winning recipe (which I can understand), But just a few tips would be more than welcome
 Cheers.

I think to be able to do decent arbitrage trading In crypto you must make sure you have sufficient balance on every exchange. If I would consider arbitrage in crypto I would make sure I have at least 1000$ on 5-10 different exchanges. I think this is the only possible way. cause transactions between different exchanges may take to long and the arb with already be gone before your money is on the exchange to execute the sell

[Cryptopher]

I've noticed recently that there has some good opportunities between Kraken and Coinbase Pro for arbitrage. In some cases there have been up to 10 Euros difference for BCH for sustained periods of time.

[nelson4lov]

Arbitrage used to be more profitable some years back. Although It's still profitable but not so much. The cost of moving BTC/tokens/coims back and forth diminishes the possible return. But I'd suggest you try pairing Bitstamp with either Binance, Bittrex or even Bitmex. These exchanges has plenty of liquidity to support arbitration.

[nelsledma]

Hi folks,

Willing to start considering this option to make some decent profits. I have a short experience, but none in cryptocurrencies.
I have been using Bitstamp for trading (very satisfied with it). Now willing to try arbitrage:
-any software available?
-any recommended exchange to use with Bitstamp?
-any other tips?

Thanks for the constructive replies.

Some people talk about Cryptocurrency arbitrage like it’s easy, but it is not. When you start you will get to know what I’m saying, but with proper training you will get to know how to do it better. You buy a cryptocurrency on a lower price and then sell it immediately for a higher price on a different market. You might want to read an article on medium that explains everything about arbitrage, here is the link cause I don’t have time to explain it. https://medium.com/@danmartin555/cryptocurrency-arbitrage-how-does-it-work-2230c1ee271f

[adaseb]

A few years back there was tons of money to be made by doing arbitrage, especially with the altcoins.

Many exchanges had 2% or so spreads and if you held most of those altcoins on different exchanges you could of set up some API monitoring and got alerted to a price difference and took advantage of the opportunity, right now, its almost impossible to do.

One thing you can do is just make a Bitmex account and become a market maker for the alt coins futures and depending on which month you choose you can collect a 2-3% gain just by holding the position open for a few months. Very low risk but small reward.

[Supercrypt]

The problem is the arbitrage difference is usually grabbed by the automated bots so they just keep a close look at those type of differences and buy/sell at the right time making it impossible for people like us to manually get into arbitrage, that is why you should keep focusing on researching real good coins and even would be fine if you keep buying the high end coins at top 5 as well instead of learning how to do arbitrage. That would be different of course if you could grab bank accounts in couple different nations and have a decent amount of capital to start, than you can search for local exchanges and take advantage of that.

Yes, the price gap we do spot for the opportunity of arbitrage, may get settled down very quickly before we are able to make use of them. One probable reason for that is, now a days a lots of trading bots are being incorporated into trading and they must be efficient enough to spot those gaps before a human eye could catch.

I have done few successful arbitrage trading but only with physical exchange including. When my country's bitcoin prices is trading in gap from the international rates, I have tried to make use of that. Sometimes I got lesser profit than what actually I have figured out, but something is better than nothing for our efforts. But, it is a tedious process still interesting one.

[arpon11]

Arbitrage trading is good but you have to learn how it works as other forms of trading.  Arbitrage also entails risk and you can lose all your investments if you did not know how it works like other trading.  Remember that it is few people that really make money from trading and that is those that are ready to develop their skills and knowledge about trading.  I recommended this sites for you as I have used them before and most of signal give over 10% profits in a single trade. https://arbiswap.com/cryptocurrency-arbitrage/