5 ms·

can someone tell me something i've been wondering for a couple days now (considering taking the plunge and toying around with bitcoin): how fast can you execute

can someone tell me something i've been wondering for a couple days now (considering taking the plunge and toying around with bitcoin): how fast can you execute trades on coinbase/gdax? obviously i'm asking if i could experiment with hft-esque strategies. is that possible or the clearing time too long? note: on a very small scale (like ~100$ total "aum")

gomox 9y ago
There are already open source implementation of arbitrage/hft style trading bots on GitHub. This a market with a large population of software engineers. Exchanges have open APIs that you can use for trading. They execute pretty much instantly.
- asymmetric 9y ago
  Could you post some links? I’ve only found GunBot so far, and I wasn’t too impressed.
pitaj 9y ago
You're gonna get killed by transaction fees.
- pests 9y ago
  What? Fees are 0.1%. that's nothing compared to fees for regular stocks exchanges. I'm perfectly fine paying 10 cents for every $100 I trade.
  - dmoy 9y ago
    What are the fees for regular stock exchanges?
    - jzwinck 9y ago
      Roughly similar: http://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 http://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 But GDAX is a vertically integrated exchange and retail trading platform, so the 0.1% taker fee is all you pay. A stock exchange won't talk to you directly so you must pay additional broker/clearing/bank fees. Real all-in fees for stock can be 2 USD to trade 2k USD, so 0.1%, same as GDAX. But you can also find fees of 10 USD to trade 100k USD and many other rate examples which are either higher or lower. I think a lot of people don't notice the huge difference between a traditional exchange (which does not handle money, only agreements about money) and GDAX (vertically integrated exchange + clearing house + trading application).
- flunhat 9y ago
  I think on gdax there's no fees for maker trades, only takers.
- snoman 9y ago
  If you're doing trades through coinbase or similar, you'll get hit with large fees. Going to the exchanges is much cheaper.

gomox 9y ago

There are already open source implementation of arbitrage/hft style trading bots on GitHub. This a market with a large population of software engineers. Exchanges have open APIs that you can use for trading. They execute pretty much instantly.

asymmetric 9y ago
Could you post some links? I’ve only found GunBot so far, and I wasn’t too impressed.

pitaj 9y ago

You're gonna get killed by transaction fees.

pests 9y ago
What? Fees are 0.1%. that's nothing compared to fees for regular stocks exchanges. I'm perfectly fine paying 10 cents for every $100 I trade.
- dmoy 9y ago
  What are the fees for regular stock exchanges?
  - jzwinck 9y ago
    Roughly similar: http://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 http://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 But GDAX is a vertically integrated exchange and retail trading platform, so the 0.1% taker fee is all you pay. A stock exchange won't talk to you directly so you must pay additional broker/clearing/bank fees. Real all-in fees for stock can be 2 USD to trade 2k USD, so 0.1%, same as GDAX. But you can also find fees of 10 USD to trade 100k USD and many other rate examples which are either higher or lower. I think a lot of people don't notice the huge difference between a traditional exchange (which does not handle money, only agreements about money) and GDAX (vertically integrated exchange + clearing house + trading application).
flunhat 9y ago
I think on gdax there's no fees for maker trades, only takers.
snoman 9y ago
If you're doing trades through coinbase or similar, you'll get hit with large fees. Going to the exchanges is much cheaper.