CODEWITHSUNDEEP
bitcoinbitconverter
vikas dhiman
vikas dhiman

Reputation: 274

Bitcoin arbitrage collection formula

https://cryptorank.io/price/bitcoin/arbitrage

I am working on displaying the various currencies like Bitcoin arbitrage URL shared above. There are number of the records with +9.53%, +7.7% against the other currencies. I tried hard to find out the formulae for this calculation but I was unable to do this.

I asked this question if anyone worked on this type of the problem before might helpful for me to get the idea on this.

Looking forward for your suggestions!

enter image description here

Upvotes: -5

Views: 232

Answers (1)

some-user
some-user

Reputation: 4954

The percentages as shown on this page are calculated based on the exchange rates of the row and column (i.e. of different exchanges):

1 - (exchangeRateOfRow / exchangeRateOfColumn)

E.g. the 11.5% in the first cell of your screenshot:

1 - (19,536 / 22,069) = 0.115 = 11.5%

I don't want to make any statement about whether these are real arbitrage opportunities.

Upvotes: 2

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