12-26-2018, 12:19 PM
Quote:Arb is profitable! But this specific bot isn't anymore. Main reasons are the decline of poloniex (this means less liquidity and bigger spreads, this is harder to do arb). Also they have updated their fee tiers.
So basically you say it is profitable. I don't want your code but I just want to know if you, or anyone you know, have a working, profitable one?
Quote:You can only make money until one of the following things happen:
- btc/usdt price goes up
- btc/eth price goes down
- eth/usd price goes down
whenever any of the those happen your profit goes down (or turns into a loss). If you trade one-by-one you risk any of those happening before you can complete all 3 trades. Especially if other people also want to arb this. Because there is a fixed amount of profit to be made here, and if someone else is quicker and takes the profit he will close this price gap.
Let's say I'm super fast and my bot is doing all three transactions without anyone interfering it (complete all three transactions at the price and amount calculated). After I buy USDT with BTC, doesn't the price for each of them change in respect to other coins as well?
Thanks again