Is it profitable to arbitrage between kraken / bittrex right now or will the fees to convert KRAKEN usd->bch->usdt->BITTREX bch->btc->KRAKEN usd eat all the profits?
Seriously thinking about giving it a try
You can't deposit bch at the moment
>>2932221
I deposit usdt to bittrex and buy bch then convert to btc and withdraw to kraken then back to fiat and repeat...
Am I missing something?
>>2932233
That could actually work
>>2932221
no BCH blocks mined in 5 hours, can't even send or receive the coins right now
>>2932233
could work
>>2932247
You did not read correctly what he was proposing
UPDATE:
No USDT trading pair on kraken, just buy BCH with fiat and convert to BTC
Move said BTC to BITTREX, exchange for BCH and back to KRAKEN for free money$.
You're welcome biz, I am trying this right now and will report soon...
>>2932214
transfer times would kill you
>>2932259
>no BCH blocks mined in 5 hours, can't even send or receive the coins right now
>>2932276
I don't see this making a profit. BCH-prices on Bittrex are 15% higher than on kraken both in USD(T) and BTC.
To make a profitable arbitrage trade you need to somehow transfer BCC from Kraken to Bittrex, which is not working right now.
t. arbitrage pro
>>2932282
this. arbitrage requires first execution. the opportunities dont last long since themarket almost always corrects itself