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%