Quote from: ArcticWolf on July 27, 2013, 02:42:33 AM

Quote from: pheaonix on July 27, 2013, 02:38:37 AM

Quote from: ArcticWolf on July 27, 2013, 02:35:34 AM

Quote from: joele on July 27, 2013, 02:33:20 AM

Quote from: thebitcoiners on July 26, 2013, 08:07:06 PM

Large discrepancy between BTC-TC and Bitfunder. Too bad I'm on Bitfunder Cry

Yeah, how come nobody is taking advantage of arbitrage on this discrepancy?
Like, sell 500 @ 0.005600 on BTCT = 2.8 btc
Transfer your bitcoin to bitfunder, then buy 500 @ 0.004790 = 2.395

You have the same shares, but gain instant 0.405 btc profit, that is 156 weeks of dividend based on last div.

Because getting your coin through weexchange and into bitfunder can take ages, because they require 6 confirmations. By that time the price could have changed and then you have lost money

incorrect. i highly doubt those ~70k in ask walls will fall before 6 confirms. if i was on btct, i would arb this.

edit: i just checked again. arbing this is getting more profitable by the minute.

You asked why noone was doing it - that was just a reason I thought of. With the ask walls you could stand to make quite a profit right now tho...

it was not me that asked.

i hope this puts a dent into the walls at bitfunder though. i agree with your points, 6 confirms introduces some risk(i would estimate less than 0.001% chance), and if you are not familiar with bitfunder/weex it could add a couple minutes.