The Knight of Ahhrrgg Posted May 11, 2017 Share Posted May 11, 2017 Hi all, I've been seeing this for a while now, and I can't quite understand what happens here: On Bitstamp the native Bitstamp market price is shown; On Ripplecharts it should be the same, but it is consistently showing a lower value. First I thought, this might be a temporary glitch at RippleCharts. However, on just checking it again, I see it's still there. Alternatively, maybe at RippleCharts the XRP/USD value is being calculated from Bitstamp's market prices for XRP/BTC + BTC/USD ?If so, here's a suggestion for RippleCharts: Bitstamp has started trading XRP/USD - FYI Nonetheless, I am not sure what's going on. Does anyone have an idea what's the cause of this discrepancy? PurpleCow 1 Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2017 Share Posted May 11, 2017 there are two bitstamp exchanges one on ripple network, one internal to bitstamp may be the cause, not sure Link to comment Share on other sites More sharing options...
Chicxulub Posted May 11, 2017 Share Posted May 11, 2017 17 minutes ago, zerpdigger said: there are two bitstamp exchanges one on ripple network, one internal to bitstamp may be the cause, not sure THANK YOU Zerpdigger- this has been bugging me for ages and I asked the same question in the zerobox but no-one replied! Mercury 1 Link to comment Share on other sites More sharing options...
tulo Posted May 11, 2017 Share Posted May 11, 2017 (edited) 1 hour ago, zerpdigger said: there are two bitstamp exchanges one on ripple network, one internal to bitstamp may be the cause, not sure Exactly. In RCL there are USD and BTC IOUs issued by bitstamp. While in Bitstamp exchange there are also EUR (not issued on Ripple). Thlyey are "completely" separated markets. The data on Ripple chart is about the RCL trading. Also the trading fees are different: 0.2% on RCL, variable (base 0.25%) on Bitstamp. Because of different markets I was able to run an arbitrage bot between RCL and Bitstamp on USD:BTC pair. Edited May 11, 2017 by tulo Closingbell2012 1 Link to comment Share on other sites More sharing options...
The Knight of Ahhrrgg Posted May 11, 2017 Author Share Posted May 11, 2017 5 hours ago, zerpdigger said: there are two bitstamp exchanges one on ripple network, one internal to bitstamp may be the cause, not sure Thanks a lot for your answer, I wasn't aware (obviously! :-) This clears up everything! Link to comment Share on other sites More sharing options...
The Knight of Ahhrrgg Posted May 11, 2017 Author Share Posted May 11, 2017 4 hours ago, tulo said: Because of different markets I was able to run an arbitrage bot between RCL and Bitstamp on USD:BTC pair. Can you shed some light on how you were doing that? I mean: did you perform manual arbitrage or did you somehow go into some programming this stuff? Link to comment Share on other sites More sharing options...
tulo Posted May 11, 2017 Share Posted May 11, 2017 4 hours ago, The Knight of Ahhrrgg said: Can you shed some light on how you were doing that? I mean: did you perform manual arbitrage or did you somehow go into some programming this stuff? Only once I did it manually, but it was mainly my programmed bot. Link to comment Share on other sites More sharing options...
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