http://arbiswap.com/The ArbiSwap arbitrage tool monitors 800+ coins on the most popular cryptocurrency exchanges...
Binance,
Bittrex,
Bitfinex,
Kraken,
Poloniex and more... I designed it to disregard false arbitrage reports as much as possible by filtering out reported wallets under maintenance. It has a built in alert system that takes into consideration volume as well as the wallets under maintenance and the potential profit. I tried to provide as much info as possible so if a user finds a deal worth while they can pull up the amount of volume traded in the past 24 hours and a historical arbitrage chart.
Looking for current suggestions and feedback from the crypto community. I am trying to create the best arbitrage system for cryptocurrency. My system is great at finding deals I am not here to sell it but to present it to the Bitcoin talk community. It checks for arbitrage opportunities every 5 minutes and the moment it passes our filters it is sent out to the user.
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you have to add the transaction costs and the withdrawal costs of the exchanges to monitor potential price differences.
Where is the bids/asks book?
@exchange.blue
What you mean with bid/ask book? Its clearly stated or shown on its buy and sell price. What you do seek on?
@KingScorpio
This should be added because this is one of the factor that will affect profitability but well fees nowadays was just too small this is why withdrawal fees should be the concern on here.
Okay, but we both know that most altcoins are illiquid, therefore the highest bid and lowest ask wouldn't make much sense to consider. If i see an arbitrage opportunity between binance and hitbitc for 1%, my BP (buying power) is $10,000, I go out and buy the altcoin at Binance... take it hitbtc to find out that if I was going to sell 10k worth of altcoin, in reality I wouldn't be making that 1%, because the size of the highest bid is only 0.1 BTC, the rest of the bids are irrelevant due to higher pricing.
Majority of newbie traders would fall for this trick and cry all over your thread because the info you displayed wasn't accurate.