RafaelMenicucciGomes

Spread between Exchanges BTCBRL (Foxbit x MercadoBitcoin)

In order to summarize an opportunity that pops up once in a while, I´ve seen that due to a disparity across exchanges (liquidity, fees charged and wallet availability) they´ve must have a perpetual difference in prices, however, no more than 3%, MercadoBitcoin higher than Foxbit. Why?

1) MercadoBitcoin charges 1.99% over deposits in BRL             . Foxbit doesn´t. (+1.99% spread)
2) MercadoBitcoin charges 1.99% over withdraws in BRL             . Foxbit charges 1.39% only. (+0.6% spread)
3) MercadoBitcoin charges 0.3% for passive orders and 0.7% for active order. Foxbit charges 0.25% and 0.5%, respectively. (+0,05% //+0,2%)
Obs: Suppose that you have at least 1 BTC             (MercadoBitcoin only allows deposits and transfers for 1 BTC             ) and that fees paid for miners will be the same.

So, summing them up it means that MercadoBitcoin have +2.8% cost incurred in its price, meaning that if prices have distortions more than +2.8% it signalizes gains for the following trade: Long BTCBRL on MercadoBitcoin // Short BTCBRL on Foxbit.

Any comments/tips are highly appreciated.
Very good Observation. Im currently using Bitcointrade.com.br its seems decent, i like it


Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out