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byt411 (OP)
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July 28, 2014, 12:21:50 PM |
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Are there any actual arbitrage bots that work?
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thefalleng2
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July 28, 2014, 12:30:48 PM |
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I am also searching for a simple one.I heard Butterbot is good but seems complex.
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nothing2seeHere
Member
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Activity: 110
Merit: 10
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July 29, 2014, 01:15:33 AM |
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Are there any actual arbitrage bots that work?
No. The spread are too tight across exchanges for arbitrage to work because trading fees would eat up your profit. |
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bcmine
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August 02, 2014, 11:34:42 PM |
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Are there any actual arbitrage bots that work?
No. The spread are too tight across exchanges for arbitrage to work because trading fees would eat up your profit. i think he is talking about the classic arbitrage between exchanges. |
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OmarBessa
Newbie
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Activity: 36
Merit: 0
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August 11, 2014, 07:10:30 PM |
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Take it from someone who has an arbitrage bot: the risk is higher than it should be. At least when doing USD->BTC->Alt Coin->BTC->USD, I did all the hard work of computing the nuances, and transaction times coupled with some exchanges' arbitrary measures make some arbitrage opportunities disappear altogether.
What's more, there aren't as many arbitrage opportunities as it may seem, at least not in my tests. I hope to be wrong, because it would be very attractive to have successful automatic arbitrage.
Perhaps it could work just fine in some cases which I haven't yet considered. So far, my own experience has been sub-par.
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ASUSATINA
Newbie
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Activity: 10
Merit: 0
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August 12, 2014, 05:45:11 AM |
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For arbitrage you should have got altcoins (ex. LTC) and mastercoins (ex. BTC) on some exchanges. For example: 1 BTC, 100 LTC on Cryptsy and 1 BTC, 100 LTC on Btc-e. If exchanges rates are difference you should buy some LTC on one exchange and sell LTC on another exchange. You need to align the balance on the exchanges once a day or a week. For monitoring price on the different exchanges you can use https://bitcointalk.org/index.php?topic=715620.0 open source project. |
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fdiini
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August 12, 2014, 07:37:28 AM |
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If such bot exists, I doubt anyone will share it for free.
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daybyter
Legendary
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Activity: 965
Merit: 1000
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August 12, 2014, 11:40:41 AM |
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OmarBessa: what language are you using for coding? I use java and I'm looking for a collab.
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catlinhappy
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August 13, 2014, 02:23:51 PM |
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Go and try butterbots, i was told it works.
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Fray
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August 14, 2014, 01:14:31 AM |
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Go and try butterbots, i was told it works.
All arb bots really have very little chances of actually working as the spread between exchanges is generally less then 2x the average trading fee (you need to pay one fee to buy and one fee to sell). Not only this but you would also need to wait for confirmations to be able to use your recently bought and deposited bitcoin, making you chances of profiting less. If you did not want to wait for confirmations then you would need to employ 2x the capital (and get 1/2 the return after accounting for fees). |
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BitCoinPokerBro
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August 16, 2014, 09:22:11 PM |
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Back when mtgox was around arbs were easy.
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zedicus
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Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
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August 17, 2014, 05:36:56 PM |
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Back when mtgox was around arbs were easy.
Not really. When Gox was still around, the price on Gox was much higher then other exchanges, but it was very difficult to get fiat money out of Gox (it took a long time) as a result people would cancel their withdrawal request from Gox, buy BTC back with their fiat balance and transfer the BTC to another exchange to sell on. |
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byt411 (OP)
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August 17, 2014, 05:40:01 PM |
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Back when mtgox was around arbs were easy.
Not really. When Gox was still around, the price on Gox was much higher then other exchanges, but it was very difficult to get fiat money out of Gox (it took a long time) as a result people would cancel their withdrawal request from Gox, buy BTC back with their fiat balance and transfer the BTC to another exchange to sell on. Gox themselves had "arbitrage" bots, aka pumping bots that inflated the Bitcoin price so much. Right now, I can't seem to find any arbitrage opportunities apart from Stellar, so I'm doing that. |
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OmarBessa
Newbie
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Activity: 36
Merit: 0
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September 08, 2014, 11:18:26 AM |
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daybyter: I'm using C#. (Sorry for the delay, I'll have to configure this to notify me)  |
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daybyter
Legendary
Offline
Activity: 965
Merit: 1000
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September 10, 2014, 07:27:18 PM |
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Ok, I'm using java, Not too far away from c#.
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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September 10, 2014, 08:53:17 PM |
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Arbitrage opportunities appear lacking because there are arbitragers already in the game.
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Fortune cannot take away what she has not given.
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leannemckim46
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September 10, 2014, 11:34:47 PM |
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Arbitrage opportunities appear lacking because there are arbitragers already in the game.
The opportunities are less because the market has gotten more efficient. There are enough big players who have money in accounts at the major exchanges and when they want to buy or sell they will use the exchange with the best price. |
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joesmoe2012
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September 14, 2014, 03:39:24 AM |
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At the moment i haven't seen any spreads with volume worth trading. My arb bot has been sitting idle for a few months now.
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foxkyu
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September 16, 2014, 08:39:40 AM |
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If such bot exists, I doubt anyone will share it for free.
absolutely no one will ever share it for free there is no free for lunch |
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