{"repo":"mammuth/bitcoin-arbitrage-trading-bot","free":true,"listed":false,"github":"https://github.com/mammuth/bitcoin-arbitrage-trading-bot","clone":"git clone https://github.com/mammuth/bitcoin-arbitrage-trading-bot.git","description":"Trading bot which exploits price-spreads between cryptocurrency exchanges :mag::money_with_wings:","language":"JavaScript","stars":273,"topics":["bitcoin","trading-bot","trading-strategies"],"license":"MIT","category":"trading","readme_excerpt":"Bitcoin Arbitrage Trading Bot A python monitoring and trading bot which exploits price-spreads between different cryptocurrency exchanges. Capabilities - Monitoring of spreads between exchanges (eg. Gdax, Bitfinex, Bitstamp, ...) - Multiple currency pairs configurable (eg. BTC/EUR, ETH/USD, ...) - Notifications on spread thresholds (eg. spreads of 200€) via different notification channels (eg. Pushbullet, Mail, ...) - Automated trading for configured spread thresholds (partly implemented) - Storing of historical spreads and making them available via a web UI - Highly configurable (currency pairs, thresholds for each notification channel or trading, historical data, ...) Trading Strategy The following example explains spreads between exchanges: Exchange BTC/EUR price ---------- --------------- Gdax 5000€ Bitfinex 5 6 00€ This results in a spread of 600€ for the price of 1 BTC in EUR between Gdax and Bitfinex (this example is not based on ask and bid prices for simplicity reasons, the bot itself uses those correct prices). How to exploit this spread? (example based on above table) Strategy 1 (common \"arbitrage trading\") Preparation: - Store 5000€ on Gdax Spread exploitation: - Buy BTC on Gdax for 5000€ - Send BTC from Gdax to Bitfinex - Pay fees for transaction and wait until it's confirmed - Sell BTC on Bitfinex for 5600€ Postprocessing (steps needed to be able to repeat exploit): - Transfer 5600€ from Bitfinex to Gdax to repeat Advantages Disadvantages -----------------------","default_branch":null,"files":null,"tree":[],"storefront":"/r/mammuth","claimed":false,"request_supported":{"post":"https://gitbuyer.com/r/mammuth/bitcoin-arbitrage-trading-bot/request-supported","requests":0},"note":"indexed from public GitHub; nothing is for sale on this page. Clone it from GitHub. Paid listings live at /search."}