Achieve Triangular Arbitrage between XRP/BTC/ETH/USD

Bitcoin and its peer group and counterparts have spiked off dramatically in late 2017 (precisely, shoot up from the lows of $735 levels to the all-time highs of 19k mark) but the momentum has absolutely shrunk away. As a result, of late, the majority of cryptocurrencies have been lurking and drifting in narrow range amid stringent regulatory frameworks by the US SEC and CFTC.

Hence, it’s been little challenging to generate any real returns in the cryptocurrency space under such circumstance. Instead of mere investing or trading, arbitrage opportunities will bring us considerable options and have already begun striking the chord. Well, the triangular trading options could fetch us a handsome sum of returns, the following instances would bring-in the such opportunities owing to the pricing differences.

XRPUSD at Bitfinex and XRPUSD at Bittrex:

As you could observe the XRP pricing against dollar at two different exchanges, namely, XRPUSD at Bitfinex and XRPUSD at Bittrex. Please be noted that the existence of a disparity in their respective prices 0.46476 at Bitfinex and 0.46100 at Bittrex. Thereby, buying XRP on the Bittrex exchange with USD and transferring the same and translating it back into USD on Bitfinex allows us to derive a profit of just over 0.82%, Likewise, Bitcoin also renders the similar results.

BTCUSD at Bitfinex and BTCUSD at Bittrex:

Note that the BTC pricing against dollar at the same two different exchanges, BTCUSD at Bitfinex and BTCUSD at Bittrex. There again exists a disparity in their respective prices $6,468.50 at Bitfinex and $6,400.00 at Bittrex. Thereby, buying Bitcoin on the Bittrex exchange with USD and transferring the bitcoin and converting it back into USD on Bitfinex likely to derive a profit of just over 1.07%. 

Same has been the case with ETHUSD at Bitfinex and ETHUSD at Bittrex:

ETHUSD on Bitfinex and BTCUSD on Bittrex is at $209.50 and $206.95 respectively. Thus, procuring Ethereum on the Bittrex exchange using USD and transferring the same and converting it back to USD on Bitfinex would lead to a profit of just over 1.23%. 

Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 113 levels (which is bullish), and hourly USD spot index has bearish index is creeping at -52 (bearish) while articulating (at 05:51 GMT). For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex