From 11:30am UTC Bitfinex opens margin trading for USDT/USD pair, improving our stablecoin offering in line with market evolution and consumer demand. At Bitfinex we work tirelessly to ensure our platform reflects the needs of professional traders, offering market differentiating order types for unique trading...
RT @fernandoulrich: "Citigroup will now offer margin trading for 'bank deposits/federal reserve notes' pair . This will improve the discovery mechanism of how illiquid our bank really is." https://t.co/mKIW7QIiNC
Rate for providing funding with tether has been %40 pa since this started and is currently the highest of all coins.. so yea hit the nail on the head. Potentially a nice safe way to make 20%+ per year on stable funds
you can use coins right? . for example xrp is pretty fast.
buy xrp on finex. move to kraken sell for usd.
buy usdt with usd.
move usdt to finex and sell for 1$
thats interexchange arbitrage
on finex itself you can just put a buy bot that buys for example 2-5% lower as 1$ and sell for 1$
it seems to always come back to 1$ so it's a realy easy setup.
or am i missing somthing here?
Yes, you are missing something. Everything on Bitfinex, including XRP, trades at a 3-4% premium at the moment.
And the poster above you misses that it doesn't cost 3% to arbitrage between USD and USDT using Bitfinex withdrawals. It only costs 3% if you withdraw more than $1m or 3+ times in a month. A withdrawal of $999999 still only costs 0.1%. The reason for the premium is not the withdrawal fee but the fact that Bitfinex withdrawals experience unpredictable delays at the moment so only few people try to realize the arbitrage.
It is probably best to have coins on both exchanges if you are going to arb between two exchanges. You will move coins between exchanges to make it so you continue to have similar number of coins in each exchange but will not rely on a withdrawal and deposit to realize the arb profits.
Hey, bkriakkakblabiri, just a quick heads-up:
**realy** is actually spelled **really**. You can remember it by **two ls**.
Have a nice day!
^^^^The ^^^^parent ^^^^commenter ^^^^can ^^^^reply ^^^^with ^^^^'delete' ^^^^to ^^^^delete ^^^^this ^^^^comment.
hEy, BkRiAkKaKbLaBiRi, JuSt a qUiCk hEaDs-uP:
**rEaLy** iS AcTuAlLy sPeLlEd **rEaLlY**. yOu cAn rEmEmBeR It bY **TwO Ls**.
HaVe a nIcE DaY!
^^^^ThE ^^^^PaReNt ^^^^cOmMeNtEr ^^^^cAn ^^^^rEpLy ^^^^wItH ^^^^'dElEtE' ^^^^tO ^^^^DeLeTe ^^^^tHiS ^^^^CoMmEnT.
Hey CommonMisspellingBot, just a quick heads up:
Your spelling hints are really shitty because they're all essentially "remember the fucking spelling of the fucking word".
Have a nice day!
[^Save ^your ^breath, ^I'm ^a ^bot.](https://www.reddit.com/user/BooCMB/comments/9vnzpd/faq/)