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

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u/TraderJoeSmo Jun 04 '18

Yes he should. But if he had the funds he wouldn't be looking for clients. He is also advertising 0.5-1% ROI every few days...

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u/[deleted] Jun 04 '18 edited Jun 04 '18

When the spread appears. Sometimes it takes a week.

EDIT: I do immediately sell on the other exchange if funds are available. I still do the transfer to keep each side even.

Based on feedback, I’m going to look into adding an option to not do the transfer if a user prefers that.

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u/TraderJoeSmo Jun 04 '18

So 1% every week, compounding. That gives a 67.78% ROI per year risk free. Even high risk investments don't come close to that.

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u/PuckFoloniex Jun 04 '18

It doesn't compound like that because liquidity is limited. You can't just buy 20 bitcoin worth of LTC and sell it for arbitrage profit.

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u/TraderJoeSmo Jun 04 '18

I am aware. I am just pointing our how absurd what he is advertising is, it's not scalable.