Quote from: ferguson on March 04, 2014, 11:15:27 PM

Today at BTC-Arbs:
TUESDAY 4TH MARCH 2014

1.15%

Last night we saw some major movement on the markets, with a sustained 24-hour volume on Bitstamp of approximately 60,000 Bitcoins. This was likely due to the speculation after Blockchain's announcement that they would have a major announcement on Tuesday. When today rolled around, it turned out that Blockchain's announcement wasn't nearly as important or relevant as was expected, and was merely an acquisition of a new company, which was being merged with ZeroBlock. Speculation drives the Bitcoin market, and often causes major price shifts, which are great for us. We managed to profit from multiple arbitrage opportunities between Bitstamp, BTCe and BitFinex, but unfortunately missed some of the better ones due to waiting for the Bitcoin confirmations when rebalancing our Bitcoin balances between two of the exchanges. Our profit for today is 1.15%.

I was just going to post this. The daily posts they make just lend legitimacy to the thing, for me. They often explain that they had opportunities that they missed or couldn't fully exploit, because they had funds tied up in transfer while rebalancing and things of that nature. It's disappointing as an investor on a day with high volatility that they didn't have the funds set up to fully take advantage, but I feel it also lends to their credibility to admit it when things don't work out.

Would it be nice to be able to see their actual trades and balance sheets? Sure...but I can also understand why they wouldn't want that information public, for many reasons. To some extent you just have to trust that they're going to do right by you and you don't know exactly how much of a cut they're taking but in my way of thinking, as long as they're giving me good returns, they are doing something that I don't have the time, expertise or bankroll to do for myself. Thus far, they've not reported a single loss for the day (although there have been a number of really lean days) and that's good enough for me.

As for the calculation of getting 1.02% every day...you don't. Go look at the results page for February. The daily returns are all over the map.