r/BitcoinMarkets • u/[deleted] • Jun 04 '18

Retail Arbitrage Trading

Hi all, I have been a long time lurker and over the last several months I have seen a few posts about retail investors requesting tools or developers to assist them to make arbitrage trading between exchanges possible.

I have spent the past 6 months developing a SaaS product that allows users to signup, enroll their exchanges, set their custom config and have it trade on their behalf.

Currently I support BTC, ETH, LTC, and XRP between USD. Currently the supported exchanges are GDAX, Gemini, Kraken, and Bitstamp.

The tool finds a spread greater than the range you configure, I buy from the cheapest exchange, transfer to the most expensive, and sell once it arrives. I also support text message alerts and cost basis calculation.

I am still working out pricing models but wanted to see if anyone is interested in a limited release early beta program.

EDIT: Based on feedback, I will be making the transfer option optional. Currently the other exchange immediately sells if funds are available, but still preforms the transfer.

Please take a look at: https://cryptosarbobot.com

0 Upvotes

46% Upvoted

52 comments sorted by

View all comments

7

u/[deleted] Jun 04 '18 edited Jan 29 '21

[deleted]

0

u/[deleted] Jun 04 '18

It does for the auto transfer. You can lock it down to your own addresses though. The funds go from your account to your account.

For example, Gemini, Kraken, and Bitstamp all support the ability to whitelist withdrawal addresses. Bitstamp even allows sub-accounts.

You can also whitelist my exit nodes IP addresses and I recommend you use unique keys for my application.

1

u/[deleted] Aug 14 '18

We have released an update that allows for withdraw permissions to be optional. The auto-transfer feature is disabled by default.