Hi I've read a few of the other posts on L7 arbitrage trading and have tried it myself.
Is a good article, and they talk about going from XLM ($0.07) moving to LTC ($77) to BTC ($11194)
They showed their trades for several days and i was wondering if trading BTC which has larger differences was really better the LTC or XLM.
So I looked at a few numbers.
Crypto High Low % difference
BTC 11203 10561 6%
LTC 79.35 74.44 6%
XLM .0726 .0703 3%
So looking at the numbers BTC and LTC both give a 6% return. So I started with XLM then added LTC, not up to BTC yet but is it worth doing?
I trade both XLM and LTC so I get to do two trades each time, I am looking at which other crypto I may want to trade. Since the % difference changes constantly I like trading more then one crypto to try to catch the best %. I have found the trades can take over 6 hours or more to execute.
My last trades for both LTC and XLM were made ar 4:30pm it now 10:30 and the trades are still executing which will have another hour wait after end of execution. So I get 2-3 trades and have had nice results. L& makes the most of each trade, I get about 30% while they get 50% of the trade value.
I traded 1332.4676505 XLM
I'll end up with 1338.1253678 XLM or 5.5577173.
L7 get 8.4254911 XLM
counterparty/sale 5.476569 and last but not least Partner get 1.5039502.
While I think these are high cost, they do the work, I just use my crypto. I could never have accounts on all the exchanges and monitor them and run the exchanges so I am willing to take a smaller profit. Part of something is more then all of nothing. So I recommend trying it with a small amount (watch their minimums)
You can sign up at https://l7.trade/?r=319827544
to get some free crypto to use on the site,
coinbase.com/join/hyzny_q
is a link that has free training that pays you in crypto to do the lessons.
Thanks for reading, tips are always welcome.
