STEEM-Engine vs HIVE-Engine Arbitrage: 6.67% Instant Gains
The way you make money in trading is through buying low and selling high. Normally in stock markets or even popular cryptocurrency exchanges, you have to wait for prices to change. Arbitrage opportunity is a time where two places buy/sell the exact same thing at two different prices. You can You low and sell high instantly.
STEEM-Engine Prices
HIVE-Engine Prices
That means DEC you buy on STEEM-Engine is worth 6.666666666666666666% more on HIVE-Engine. I have been putting my money where my mouth is. I practice what I preach. You can verify these transaction on blockchain if you want.
All of STEEM Into One Order
Since STEEM-Engine does not have the 0.25% deposit fee you get on https://leodex.io I have already lost 1% of my funds. You can calculate that in if you want when measuring ROI. As long as it is an easy and significant ROI, I don't care much about the exact specifics.
Transfer Funds Via @splinterlands
This way you can avoid any other fees you would have had to payfor transferring assets between blockchains. After you have bought your DEC on STEEM-Engine, you won't have to loose any funds.
The arbitrage opportunities don't stay there forever. Sometimes i is much better than this and sometimes you won't even get 5% arbitrage. But these are very quick gains. Share the article around and spread the love.
Good work in identifying this arbitrage opportunity, 5% is significant!
Do it with large volume and you're in serious business
For sure, you should do it with everything you have if this is a sure thing. I need to learn how to use these exchanges and explore doing this myself
5% ain't bad at all. I might try this with some of the steem that is laying around in my wallet.