Spread between Exchanges BTCBRL (Foxbit x MercadoBitcoin)
In order to summarize an opportunity that pops up once in a while, I´ve seen that due to a disparity across exchanges (liquidity, fees charged and wallet availability) they´ve must have a perpetual difference in prices, however, no more than 3%, MercadoBitcoin higher than Foxbit. Why?
1) MercadoBitcoin charges 1.99% over deposits in BRL. Foxbit doesn´t. (+1.99% spread)
2) MercadoBitcoin charges 1.99% over withdraws in BRL. Foxbit charges 1.39% only. (+0.6% spread)
3) MercadoBitcoin charges 0.3% for passive orders and 0.7% for active order. Foxbit charges 0.25% and 0.5%, respectively. (+0,05% //+0,2%)
Obs: Suppose that you have at least 1 BTC (MercadoBitcoin only allows deposits and transfers for 1 BTC) and that fees paid for miners will be the same.
So, summing them up it means that MercadoBitcoin have +2.8% cost incurred in its price, meaning that if prices have distortions more than +2.8% it signalizes gains for the following trade: Long BTCBRL on MercadoBitcoin // Short BTCBRL on Foxbit.
Any comments/tips are highly appreciated.
1) MercadoBitcoin charges 1.99% over deposits in BRL. Foxbit doesn´t. (+1.99% spread)
2) MercadoBitcoin charges 1.99% over withdraws in BRL. Foxbit charges 1.39% only. (+0.6% spread)
3) MercadoBitcoin charges 0.3% for passive orders and 0.7% for active order. Foxbit charges 0.25% and 0.5%, respectively. (+0,05% //+0,2%)
Obs: Suppose that you have at least 1 BTC (MercadoBitcoin only allows deposits and transfers for 1 BTC) and that fees paid for miners will be the same.
So, summing them up it means that MercadoBitcoin have +2.8% cost incurred in its price, meaning that if prices have distortions more than +2.8% it signalizes gains for the following trade: Long BTCBRL on MercadoBitcoin // Short BTCBRL on Foxbit.
Any comments/tips are highly appreciated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.