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Author Topic: a realistic arb. plan, buy btceUSD sell lakeUSD, just need a trading bot  (Read 3934 times)
Mieehayii
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September 01, 2014, 08:03:48 AM
 #1

Recently, I noticed LakeBTC always have a leading price, while the prices on BTC-e is the lowest, the price gap is about $4 - $9 between both, and sometimes will more.

ie: 1 bitcoin buy and sell is $480.67/$481.21 on LakeBTC, buy and sell is $474.84/$475.09 on BTC-e. (Coindesk BPI, Sep 1, 2014 at 08:49 BST)
That I could buy at $475.09 and sell at $480.67 yielding a $5.58 profit.

On the other hand, the trading fee is probably $4 (fee 0.5% both), but if you have a lower rate, you can get more profits.

Everything is ready, only a single arbitrage bot needed, you know the lag time which induced by human would be the first reason for the strategy to fail. (but sorry, I cant find any suitable bots)

Does anyone interested in it?


edit: Apart from arb, we should have done trading at usual time, isn't it? So the costs of arb only include trading and btc withdrawal fee.
For earn bitcoins, only withdraw USD when the plan completed.

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bonipper
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September 01, 2014, 07:54:56 PM
 #2

What withdrawal fees do they charge? It's not worth it if the withdrawal fees + the trading fees add up to more than the price difference between exchanges.
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September 01, 2014, 08:08:05 PM
 #3

did you check your figures on http://bitcoin-analytics.com/#xarbitrage ?

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September 01, 2014, 08:24:38 PM
 #4

did you check your figures on http://bitcoin-analytics.com/#xarbitrage ?

Thank you,

I didn't know that website existed.
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September 02, 2014, 03:50:57 AM
 #5

did you check your figures on http://bitcoin-analytics.com/#xarbitrage ?

yeah, it's 0.41% profit from btceUSD to lakeUSD, this is a profitable arbitrage, thank you!

I love bitcoin, but no bit, no coin, bitcoin just.
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September 02, 2014, 09:49:33 AM
 #6

did you check your figures on http://bitcoin-analytics.com/#xarbitrage ?

yeah, it's 0.41% profit from btceUSD to lakeUSD, this is a profitable arbitrage, thank you!
Yes, you can do it.
But the arbitrage space is small, once there is a balance of price, you are in risk.

HOLD your bitcoins.
justforbtc
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September 02, 2014, 01:02:29 PM
 #7

did you check your figures on http://bitcoin-analytics.com/#xarbitrage ?

yeah, it's 0.41% profit from btceUSD to lakeUSD, this is a profitable arbitrage, thank you!
Yes, you can do it.
But the arbitrage space is small, once there is a balance of price, you are in risk.

There is no room for arb. Because the deposit fee of btc-e is at least 1% and the withdrawal fee of lakebtc is 0.5%. Add trading fees 0.2% of btc-e and 0.5% of lakebtc, the total arb. cost between btc-e and lakebtc is 2.2%!

Therefore, don't do arb. unless the price diff. > 2.2%
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September 03, 2014, 02:44:42 AM
 #8

did you check your figures on http://bitcoin-analytics.com/#xarbitrage ?

yeah, it's 0.41% profit from btceUSD to lakeUSD, this is a profitable arbitrage, thank you!
Yes, you can do it.
But the arbitrage space is small, once there is a balance of price, you are in risk.

There is no room for arb. Because the deposit fee of btc-e is at least 1% and the withdrawal fee of lakebtc is 0.5%. Add trading fees 0.2% of btc-e and 0.5% of lakebtc, the total arb. cost between btc-e and lakebtc is 2.2%!

Therefore, don't do arb. unless the price diff. > 2.2%

No fee on BTC deposits, and BTC withdrawal fee is 0.001 BTC.
titulng
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September 03, 2014, 04:28:16 AM
 #9

did you check your figures on http://bitcoin-analytics.com/#xarbitrage ?

yeah, it's 0.41% profit from btceUSD to lakeUSD, this is a profitable arbitrage, thank you!
Yes, you can do it.
But the arbitrage space is small, once there is a balance of price, you are in risk.

There is no room for arb. Because the deposit fee of btc-e is at least 1% and the withdrawal fee of lakebtc is 0.5%. Add trading fees 0.2% of btc-e and 0.5% of lakebtc, the total arb. cost between btc-e and lakebtc is 2.2%!

Therefore, don't do arb. unless the price diff. > 2.2%
Arbitrage is just my hobby, trading is the key to profit, so which the withdrawal cost of fiat currency, shouldn't be included in the cost of arb.
Conclusion is that as long as the profits > 0.7% + BTC0.002, you can do it.

edit: just now, arb from btceUSD to lakeUSD is 1.98% (http://bitcoin-analytics.com/#xarbitrage)
btw: What is vcxUSD? It can be done arb with any one exchanges!

HOLD your bitcoins.
GreenCoin22
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September 03, 2014, 06:47:48 AM
 #10

The key issue is whether there is such a trading bot, I don‘t want to do these things manually  Undecided

(I've been looking for the bot for a long time: https://bitcointalk.org/index.php?topic=699558.0)

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cookmac
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September 03, 2014, 07:49:24 AM
 #11

That is not by any means a realistic arb. plan... fees make it unfeasible... sorry
Mieehayii
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September 03, 2014, 09:13:35 AM
 #12

That is not by any means a realistic arb. plan... fees make it unfeasible... sorry

deposit is free, and withdrawals only need BTC0.001, we will earn bitcoins.


No fee on BTC deposits, and BTC withdrawal fee is 0.001 BTC.

I think you certainly would not withdraw for every trading , we just need to withdraw fiat one time when the plans to complete.

Both accounts should have some fiat and btc, and these are not the cost of arb.

...so which the withdrawal cost of fiat currency, shouldn't be included in the cost of arb.


So, we only need to consider the cost fo trading fee and btc withdrawal fee.
OK, it's 0.2% plus 0.1-0.5%.
And now, arb btceUSD to lakeUSD is always 0.8-3% (http://bitcoin-analytics.com/#xarbitrage), why not try?

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cozytrade
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September 03, 2014, 01:42:39 PM
 #13


So you basically move USD in btce to lakebtc and won't withdraw from lakebtc, then it works, in terms of net asset value. Once you consider cashout from lakebtc or cashin to btce, it would not be the case  Roll Eyes

Both accounts should have some fiat and btc, and these are not the cost of arb.
So, we only need to consider the cost fo trading fee and btc withdrawal fee.



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September 03, 2014, 04:25:01 PM
 #14

Any plans like this instantly fail as other people get involved in them up to the point it becomes totally unprofitable. Another reason why this won't work is the freedom of markets.

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September 03, 2014, 05:10:48 PM
 #15

Here is the fees structure for Lakebtc: https://www.lakebtc.com/s/fees?locale=en

Quote
Fee Structure
03/21/2014 03:18

Deposit
BTC: Free
CNY: Free
USD: Free.
Trading
CNY: 0.1% - 0.5%
USD: 0.1% - 0.5%
Withdrawal
BTC: 0.1% - 0.5% plus 0.001 BTC
CNY: 0.1% - 0.5% plus 10 CNY. Bank fees not included.
USD: 0.1% - 0.5% plus 5 USD. Bank wire transfer fees not included. Depending on your bank (and intermediary banks involved), banks fees are usually between 15 - 65 USD.
Discounts
Professional traders may apply for trading (or withdrawal) fee discounts (except wire) when your 30-day trading (or withdrawal) volume reaches certain threshold specified below:

Volume   Fee
50K USD   0.4%
100K USD   0.3%
200K USD   0.2%
500K USD   0.1%
All fees are subject to change.

BTC withdraw fee is 0.1% - 0.5% plus 0.001 BTC!!!
Wire withdraw fee is always 0.5%!!!

Moreover, Lakebtc does not promote you to right fee level automatically base on your trading/withdraw history. You need to actively request it!
As the withdraw fees are huge, Lakebtc is only suitable for arbitrage if you don't withdraw frequently! However, the price of Lakebtc is always the highest, that  means you can only do arbitrage one time if you don't withdraw fiat!
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September 04, 2014, 02:55:22 AM
 #16

So you basically move USD in btce to lakebtc and won't withdraw from lakebtc, then it works, in terms of net asset value. Once you consider cashout from lakebtc or cashin to btce, it would not be the case  Roll Eyes

Both accounts should have some fiat and btc, and these are not the cost of arb.
So, we only need to consider the cost fo trading fee and btc withdrawal fee.

Here is the fees structure for Lakebtc: https://www.lakebtc.com/s/fees?locale=en

Quote
Fee Structure
03/21/2014 03:18
Deposit
BTC: Free
CNY: Free
USD: Free.
Trading
CNY: 0.1% - 0.5%
USD: 0.1% - 0.5%
Withdrawal
BTC: 0.1% - 0.5% plus 0.001 BTC
CNY: 0.1% - 0.5% plus 10 CNY. Bank fees not included.
USD: 0.1% - 0.5% plus 5 USD. Bank wire transfer fees not included. Depending on your bank (and intermediary banks involved), banks fees are usually between 15 - 65 USD.
Discounts
Professional traders may apply for trading (or withdrawal) fee discounts (except wire) when your 30-day trading (or withdrawal) volume reaches certain threshold specified below:
Volume   Fee
50K USD   0.4%
100K USD   0.3%
200K USD   0.2%
500K USD   0.1%
All fees are subject to change.

BTC withdraw fee is 0.1% - 0.5% plus 0.001 BTC!!!
Wire withdraw fee is always 0.5%!!!

Moreover, Lakebtc does not promote you to right fee level automatically base on your trading/withdraw history. You need to actively request it!
As the withdraw fees are huge, Lakebtc is only suitable for arbitrage if you don't withdraw frequently! However, the price of Lakebtc is always the highest, that  means you can only do arbitrage one time if you don't withdraw fiat!



The profits from btceUSD to lakeUSD, which can continue to be used to make money for trading, and not immediately withdraw cash.
So in my opinion, the cash withdrawals fee are not the cost of this arbitrage scheme

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Mieehayii
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September 04, 2014, 03:02:08 AM
 #17

Any plans like this instantly fail as other people get involved in them up to the point it becomes totally unprofitable. Another reason why this won't work is the freedom of markets.
I don't intend to tell the plan to public originally, but I need a trading bot, and it is not on the market now Sad

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Jamacn
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September 04, 2014, 06:40:37 AM
 #18

interesting, does any body try this plan? I want to know how it feels
bounst
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September 05, 2014, 08:05:14 AM
 #19

This post should be in Discussion Trading.
But if not withdraw, how to work?

edit: I know your mean, its amazing  Sad
cozytrade
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September 05, 2014, 08:30:13 AM
 #20


If you'd like to
decrease USD cash from BTCE and
increase USD cash to LakeBTC account,
It works. It is unrealized profit.

If you consider other transactions to realize profit, it may or not.

In terms of experience, I have bought on btce and sold lakebtc. No problem. That's it.

interesting, does any body try this plan? I want to know how it feels


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