Detects Bitcoin arbitrage opportunities across multiple cryptocurrency exchanges and supports automated trading.
Bitcoin Arbitrage is a Python-based tool that detects arbitrage opportunities across multiple cryptocurrency exchanges by analyzing order books and market depth. It helps traders identify price discrepancies between exchanges where Bitcoin can be bought low on one platform and sold high on another for risk-free profit. The tool supports both opportunity detection and automated trading execution on select exchanges.
Cryptocurrency traders, quantitative analysts, and developers interested in algorithmic trading who want to monitor and exploit Bitcoin price differences across exchanges.
It provides an open-source, transparent alternative to proprietary trading bots with multi-exchange support, real-time opportunity calculation, and automated execution capabilities, giving users full control over their arbitrage strategies.
Bitcoin arbitrage - opportunity detector
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Fetches order books from 11+ exchanges including Binance and Kraken, as listed in the README, enabling broad market monitoring for Bitcoin price discrepancies.
Supports automated trading on Bitstamp and Paymium via API keys, allowing for hands-off arbitrage exploitation on these specific platforms.
Calculates arbitrage opportunities considering order book liquidity, not just top prices, which is crucial for realistic profit calculations with volume.
Automatically converts all prices to USD using European Central Bank reference rates, ensuring consistent profit assessments across different currency pairs.
Only supports automated trades on Bitstamp and Paymium, as per README, while data is fetched from many more exchanges, restricting execution capabilities.
The README's TODO list admits lack of documentation, tests, and features like WebSocket updates, indicating the project is from 2013 and may not be actively maintained.
Designed only for Bitcoin arbitrage with no support for other cryptocurrencies or triangular arbitrage, limiting its applicability in diverse trading strategies.