I did a $10k practice BTC arb trade across and using $L-USDt and $L-BTC which cleared 0.33% (after tether/USD market & trade fees) twitter.com/adam3us/status (sell BTC on bitfinex, simul buy on BTSE). not bad for 2mins transfer + tether/USD orderbook tinkering).
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Hm I'm skeptical. I see the markets all in line with each other--did you do all the legs at the same time or get lucky to market moves? And fees should really eat up a LOT here, were you making or taking? If making--sure but you could get run over.
if you have screenshots of simultaneous takes on BTSE USDT/USD, BTSE BTC/USD, and Bitfinex BTC/USDT that are good by 33bps together after all fees color me shocked.
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I made USDt/USD and took the arb because that has to be simultaneous or you risk price moving against. Seems plausible bitfinex premium moved while I did the trades, it did work out better than I estimated it should. Fees on btse are lower also. Plus no BTC/lbtc fee &;that's 1:1
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Yeah but still you're paying 2x taker fees on both exchanges (USDT/USD and BTC/USD), so a total of like 30bps
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