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You don't even need any spreadsheets, you can open any currency and sort by price, then take pairs from the top and the bottom of the list. The problem is gett
by bufferoverflow 9y ago
You don't even need any spreadsheets, you can open any currency and sort by price, then take pairs from the top and the bottom of the list.
The problem is getting currencies in and out of exchanges in time and paying all the fees, while still making a profit. While there are fast cryptocurrencies like Ethereum and Litecoin, most exchanges still force you to wait for something like 6 confirmations. Which takes minutes to hours. And forget about doing this with USD, it takes days to move from one exchange to another.
If you look at the exchange rates, fast pairs all have very similar exchange rates on different exchanges, because you aren't the only one doing this.
- wbl 9y agoThat's not what you do. You have piles of each at each exchange and arb between the piles. Long transfers you do rarely to keep piles the same if the trading doesn't.
- xur17 9y agoA lot of the arbitrage opportunities I found in the past existed because it was challenging to get cash in and out of the exchange, so the arbitrage was always in one direction.
- bufferoverflow 9y agoBut which "each exchange"? There are dozens of the big ones, fees can get very expensive, and you spread your money thin.