Hacker News Reader

I wonder how much of the daily trading volume for crypto currencies is just people doing arbitrage.

If you assume they use the same addresses back and forth you could analyze the ledger but not sure it's worth the effort...

Created this for myself (along with an email alert if the difference exceeds the defined trigger) and figured I'd share it. Let me know if you wish to receive the emails.

How do you actually use this?

Simply transfer the Bitcoin from GDAX to Kraken and back again?

If you transfer back right away then you not only don't make profit but end up leaving money on the table due to the fees.

When difference is higher then your total fees, you can cash out for a higher amount of dollars for the same volume of bitcoin.

It's spelled withdrawal.

Show HN: Bitcoin Arbitrage – Kraken vs. GDAX