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>I noticed the BTC/USD price on Bitfinex is currently $1334 and $1243 on Kraken.
>XMR is $19.74 on Bitfinex and $19.70 on Kraken
Can I make profit sending BTC from Kraken to Bitfinex convert to XMR, send it back to Kraken, and convert it back to BTC? Rinse and repeat?
I dont have Bitfinex and I dont know anything about it.
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>>1987298
Yes thats possible. But its not time efficient.
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>>1987479
How long would one cycle take with just market buys?
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>What is arbitrage
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theres probably not enough liquidity for you to make any money from it, or someone else already would have.
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>>1987298
Check fees and shit.
A spread that wide doesn't exist without a reason.
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>>1987668
If you believe BFX fiat-wiring problems will be solved in the future, best you can do right now is buy btc send it to BFX and sell it for doraru.
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