04-15-2020, 10:42 AM
Couple questions about arbitrage trading
<!-- SC_OFF --><div class="md"><p>Hey guys, I just discovered arbitrage trading not so long ago. I did my first trade today with ETH/USDT. It was 159.9 on kraken and 159.2 on Binance. With a quick trade of 50ETH I made $28.</p> <p>​</p> <p>My questions is:</p> <p>​</p> <ol> <li>Is this only a one time luck, and people usually stay away from this since in the long run it’s a loss due to the time it goes from one exchange to another?</li> <li>Theoretically, if I would to do this 20-30 times a day, would either of the exchanges freeze my account due to violating the terms of use?</li> </ol> <p>​</p> <p>I know I probably won’t be profiling of this, just wanted to try this and had some unanswered questions.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hey guys, I just discovered arbitrage trading not so long ago. I did my first trade today with ETH/USDT. It was 159.9 on kraken and 159.2 on Binance. With a quick trade of 50ETH I made $28.</p> <p>​</p> <p>My questions is:</p> <p>​</p> <ol> <li>Is this only a one time luck, and people usually stay away from this since in the long run it’s a loss due to the time it goes from one exchange to another?</li> <li>Theoretically, if I would to do this 20-30 times a day, would either of the exchanges freeze my account due to violating the terms of use?</li> </ol> <p>​</p> <p>I know I probably won’t be profiling of this, just wanted to try this and had some unanswered questions.</p> </div><!-- SC_ON --> Kind Regards R