MONABTC Arbitrage Opportunities 2018-05-06

Today’s  MonaBtc Spreads

So, what are some of the spreads I’ve seen today? There was a 2.92% price difference between the exchange Bitbank and the exchange Bittrex. In particular, I bought  monabtc at 0.0005121  btc and sell it in 0.0005286  in Bittrex to captured  2.92% profit. Obviously, this isn’t much — but consider that this is just one trade, and you might be making hundreds or even thousands of these trades a day. The profits add up. There are more than 10 times of arbitrage opportunities today. Here are couples of example:

2018-05-06 16:23 JST

Market Making  :     Bitbank  Sell  0.0005209
Counter Quote   :    Bittrex   Ask  0.0005287
Spreads              :   -0.0000078
Available Volume      : 69
Target Volume           :  50
Trading Cost            : -69.38
Expected PnL (Yen) : 346.17
Expected PnL (%)     : 1.23812%

2018-05-06 18:17 JST

Market Making  :     Bitbank  Sell  0.0005286
Counter Quote   :    Bittrex   Ask  0.0005121
Spreads              :   -0.0000165
Available Volume      : 7945.031
Target Volume           :  50
Trading Cost            : -68.21
Expected PnL (Yen) : 810.85
Expected PnL (%)     : 2.92491%

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