Hey. Is anyone aware of either a service that helps you sign up to many different exchanges or some sort of service that means that you can do arbitrage with different exchanges without having to sign up to them?
I found one but they don't seem to be running...
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Make one. 's what I did.
Hmm, surely it would take longer to make a bot, taking into account all of the different quirks of the different exchanges than to do each individually?
I mean, once it's made sure, it'll be quicker subsequent times... but I guess that wasn't what you experienced?
Anyway, this is moot as I am not a coder... Have you considered monetising your code? I'm pretty late to the arbitration game but I reckon that this sort of code would be something that other tards like myself would crave to utilise...
Ooh, as someone who does this kind of thing, what is your opinion of this service?: arbitool.eu
uhhh scrap this.... it just seems to provide data, rather than exchanges
I feel like it would be pretty hard to compete with the bots
Hmm, I wonder if it is all pure bots now or if one is still able to do this 'amateurly'...
fuck off newfag
lol. Nope.
Why would anyone sell you their money printing machine? On fucking biz of all places.
No, there is no way anyone is retarded enough to actually ask that. My guess is this is a lame shill for some stupid fucking scam you're trying to offload.
Lets wait and see if someone with your own exact writing style engages with you on this to sell you some worthless crap....
I'm going to ignore you from now on and just because I won't be replying, it doesn't mean I am agreeing with you. I hope you find something better to do with your time, the year is still young. x
this is impossible. i coded a bot for cryptopia/hitbtc/bittrex/binance/bitfinex
there are literally zero price inefficiencies. Some better, faster bot is probably on it - made by institutions or some shit.
Oh wow, really?
But, when I look at arbitrage.expert and other apps it shows that there are differences... Are you saying that even though there are differences, these would be taken fully advantage of by the bots with no room for anyone else?
I saw one difference at 5.2%... someone's making a killing....
So, despite your code you just gave up?
>I saw one difference at 5.2%
this is not real. either spread on one of the orderbooks is huge or there is a problem with one of the exchanges deposit/withdraw for that coin
Hmm, I accept what you are saying. There still seems even in December 2018 people talking about doing it though (just from a rudimentary googling)...
there are already libraries wrapping all the different exchange api in one common convention, not to mention couple of bot frameworks where you only have to write "the trading logic" and all the groundwork is handled for you... there are even some that run on the cloud if you are feeling particularly adventurous
it's as with any gold rush, there are people making money selling shovels and "make a trade bot" is not different
the real question is: how much data have you looked on before forming your own trading strategy? hope you are not theorizing without taking a good look what's out there
Oh, barely enough data at all desu. My question was to help me get into looking at the actual practicalities of the idea.
the bot frameworks you mention... the shovels... are they pointless now due to oversaturation or do you think there's still ample opportunities to make it all worth it?
hell no, I did not mean to write 'desu'.
to be frank I'm mediocre programmer at best, it's true that even in over-saturated markets there are players making a killing, but after evaluating it would take me months to even be competitive I decided to do a SaaS instead
if you are looking for the data there are many providers already, don't remember the sites but you could even download large chunks for free, should be enough to get a feel but don't expect finding anything ground breaking, it's either your luck, domain knowledge or weeks/months of data mining and research...
Listen to this user - Bots keep inefficiencies very low, and it becomes nearly impossible to manage risk when inter-exchange transactions take ten minutes after you've observed an inefficiency opportunity.
I made my platform easy enough to implement new exchanges and data feeds. It's usually about 300 lines of code to add a new exchange, much less to add a new datasource.
I don't plan to monetize this year, but maybe later. Certainly won't be monetizing my strategies - just the platform at some point.
As I said before, arbitrage has become very oversaturated. My strategies are mostly single-exchange single-symbol or multi-symbol on the same exchange, and pull from outside data feeds for other analysis.
Arbitraging was real in 2017. Korea was trading 30% higher than anywhere else in the world
are you working on any other bots now?
I'm thinking of creating one to try and detect when market maker's are making trades and try to pick up crumbs from them. using volume profile, seeing how fast price wicks up, checking for liquidity hunts etc.
but idk. so stuck for ideas to make money...
>hell no, I did not mean to write 'desu'.
Welcome to Jow Forums newfag scammer
And there it is. The payload.
I have a few strategies going. None of them are arbitrage, though.
Most of them deal with just one symbol and nothing else, and are generally high frequency.
I'm a quant type coming from a Computer Sceince background, so I tend to think that predictive power falls off as you try to predict further into the future, so naturally I don't do much low frequency swing trading.
I'm usually in and out of a position in less than a minute.
how successful is that
googling 'SaaS ' intenifies.
Actually, it was not the data sources I was looking for, it was some sort of easy way to join all these exchanges in one platform.
Moderately. Despite my best efforts to cancel it out, my style is vulnerable to sudden bart patterns, but makes just enough the rest of the time that I come out net positive.
This user is correct. The only way you'll ever see "high" margin arbitrage opportunities is if you scan a few hundred coins at once and arbitrate on low-cap ones that have large negative spreads. Thing about this though is the volume is always going to be low and more importantly it's super high risk doing this - after deposits and withdrawals to different exchanges (could take an hour if using BTC as the quote currency, which you probably will), the price of the shitcoin in question could have dropped by 10% or something, putting you well in the red.
The thing about the large spreads only being due to an exchange having faulty deposits/withdrawals: this couldn't be more true holy shit. It's super annoying trying to automate inter-exchange arbitrage because you have to be able to tell your bot that withdrawals aren't working on Exchange X, which isn't going to be found in almost any API. They happen all the time for various reasons and it means you always have to keep on top of it.
All in all, I don't believe crypto arbitrage is worth it. And no I'm not saying that to deter what small amounts of competition could come from Jow Forums. Anons here can try harder at it if they want and I wish you the best but I'm being sincere when I say this: it's going to be a lot of hassle and not much to gain.
>t. spent 12 weeks full-time making an arbitrage bot (with a few weeks dedicated solely on collecting data on 3000 trading pairs between exchanges and 2 weeks analyzing the data)
A friend of mine sold his arbitrage bot ops to some japs for half a million, piece of shit cunt I fucking
hate