I've been reading about Crypto Arbitrage trading and I'm curious if any of you have done this before?
Because of the inefficiencies of the exchanges, there are unique arbitrage opportunities for selling coins from one exchange to the other.
For example, on Coinbase BTC can be trading for 10K while on Bittrex BTC can be trading at 10.5K. (This is an extreme example but I am just making a point.)
Many coins have up to a 10-15% price difference.
This is a good video that explains this opportunity:
https://www.youtube.com/watch?v=kNy2SbyYr5g&t=208s
A good app that can show all the different price differences between exchanges is Blockfolio
Another one that I haven't used before but I've heard good things is Coinigy. https://www.coinigy.com/
With Coinigy, you can make instant trades between exchanges.
In theory, if you want to hold a coin you can easily make a 10% gain in a single trade by selling from one exchange to the other
The most famous example is the price difference between BTC in US and Korean Markets
https://www.bloomberg.com/news/articles/...n-it-looks
Have any have guys tried this? What were the results?
Because of the inefficiencies of the exchanges, there are unique arbitrage opportunities for selling coins from one exchange to the other.
For example, on Coinbase BTC can be trading for 10K while on Bittrex BTC can be trading at 10.5K. (This is an extreme example but I am just making a point.)
Many coins have up to a 10-15% price difference.
This is a good video that explains this opportunity:
https://www.youtube.com/watch?v=kNy2SbyYr5g&t=208s
A good app that can show all the different price differences between exchanges is Blockfolio
Another one that I haven't used before but I've heard good things is Coinigy. https://www.coinigy.com/
With Coinigy, you can make instant trades between exchanges.
In theory, if you want to hold a coin you can easily make a 10% gain in a single trade by selling from one exchange to the other
The most famous example is the price difference between BTC in US and Korean Markets
https://www.bloomberg.com/news/articles/...n-it-looks
Have any have guys tried this? What were the results?