4 ms·
Writing the formula for you 1) pick the cheapest exchange 2) sell at expensive exchange price 3) add commission 4) add network fees
by ufotarikati 9y ago
Writing the formula for you
1) pick the cheapest exchange
2) sell at expensive exchange price
3) add commission
4) add network fees
- tstyle 9y agoThe formula is more complicated than this. Services such as shapeshift.io guarantee the price for 10 minutes, as well as sending purchased tokens almost instantaneously. To accomplish this means keeping inventory and becoming vulnerable to volatility risk and liquidity risk. Picking a reasonable bid-ask spread is hard, and probably involves more input factors than the 4 you listed above.