Post
Topic
Board Trading Discussion
Arbitrage Questions
by
Heromrk18
on 28/12/2017, 06:07:45 UTC
Hey all!

So ive googled my butt off and watched tons of videos and i know the mechaincs of it... i even did it... but i went wrong somewhere and im trying to see where i messed up. Ill use random numbers but youll get the idea. heres what i did:

i had 800 xrp on gatehub which was trading at around .95usd at the time
on binance XRP was trading at the time at around 1.12usd
i transfer my 800 to binance and sold at 1.12 for around 928usd (in ethereum) which came out to like 1.31 eth at the time
i then sent the 1.31 eth to gatehub wallet so that i would be able to rebuy the xrp at .95 and the math should have worked out like this:
928usd(eth) X .95xrp which should have given me 976 xrp EXCEPT IT DIDNT!! i got 796 xrp! i lost 4 xrp in the trade and the fees werent tht hard...


so where did i go wrong? all help is appreciated it. id like to offer reward for anyone who gets me on the the right track and gets me amking money every trade!

thanks!