Wouldn't be steem the perfect coin for making arbitrage between exchanges?
In my humble it is.
I am a newbie on tradings but there are 2 mains ways of making arbitrage with cryptos:
- Having funds distributed among the exchanges that you are going to act, without transferring the funds between them.
- Moving the funds between the exchanges with arbitrage opportunities.
For this last point steem would be the perfect solution. A crypto without fees and almost instant transference rate.
What should we have to take into account on this for be successful ? The fee of the exchanges involved in the proccess, and of course, the price of steem in those exchanges. an making some simple calculations we could be able to make some good profits. This would be more effective if we had this process automated cause the gap between exchanges tend to close quick.
These sites could help you out in the proccess.
CoinFi for example, use datafeeds to display the current pricing of particular tokens, as well as historical data and trade volume.
CoinFi offers crowdsourced and professionally curated research, analysis, trading signals, trading algorithms, and market-moving news to give cryptocurrency traders the real-time market intelligence needed to gain an edge.
Santiment
Use datafeeds to display up to date information on the majority of blockchains.
Trade with confidence (Taking from its site)
Stop trading in the dark. Get a regular stream of curated market news and insights, with updates on blockchain happenings, trends, and sentiment. All available in easy-to-grasp newsletters, articles, and reports, and aggregated from across the web.
- Never be blindsided by the crypto-markets again, Santiment gives you the daily pulse of cryptocurrency and blockchain markets
- Get exclusive content streams from a network of crypto trading and investing experts
Cindicator
Will have arbitrage signals, which will notify users when an opportunity to create an arbitrage trade exists. It won't actually perform the trade.
Cindicator is an ecosystem of predictive analytics, data and indicators powered by Hybrid Intelligence to support traditional and crypto financial markets analysis.
Enigma catalyst
The first application to be built on their data marketplace is Catalyst, a platform for data-driven cryptoasset investing and research. Powered by their cryptofinancial data marketplace, Catalyst empowers users to share and curate data and build profitable, data-driven investment strategies. You can also immediately execute your strategies on major exchanges using Catalyst’s live trading tools.
Or you could use coinmarketfor this purpose
It is all up to you what strategy and tools to use to achieve your goals.
Some steemit post about arbitrage that you may find helpful
https://steemit.com/crypto/@shariqriaz/crypto-arbitrage-trading-between-exchanges
https://steemit.com/arbitrage/@kesor/the-math-behind-cross-exchange-arbitrage-trading
I found this one quite helpfull and might help you with the first type of arbitrage seen here.
What do you think about all this. Let me know about your experiences and the role that steem could play in all this.