STEEM-Engine vs HIVE-Engine Arbitrage: 6.67% Instant Gains by vimukthi

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hive-167922 · @vimukthi · Jan 24 '21

$2.90

STEEM-Engine vs HIVE-Engine Arbitrage: 6.67% Instant Gains

The way you make money in trading is through buying low and selling high. Normally in stock markets or even popular cryptocurrency exchanges, you have to wait for prices to change. Arbitrage opportunity is a time where two places buy/sell the exact same thing at two different prices. You can You low and sell high instantly. 

# STEEM-Engine Prices
![STEEMEngine.png](https://i.imgur.com/Mtia0Lu.png)

# HIVE-Engine Prices
![HIVEEngine.png](https://i.imgur.com/fesiHt6.png)

That means DEC you buy on STEEM-Engine is worth 6.666666666666666666% more on HIVE-Engine. I have been putting my money where my mouth is. I practice what I preach. You can verify these transaction on blockchain if you want.

![Deposite.png](https://i.imgur.com/a3JfHw6.png)

# All of STEEM Into One Order
Since STEEM-Engine does not have the 0.25% deposit fee you get on https://leodex.io I have already lost 1% of my funds. You can calculate that in if you want when measuring ROI. As long as it is an easy and significant ROI, I don't care much about the exact specifics. 

![Order.png](https://i.imgur.com/j7sdrUb.png)

# Transfer Funds Via @splinterlands
This way you can avoid any other fees you would have had to payfor transferring assets between blockchains. After you have bought your DEC on STEEM-Engine, you won't have to loose any funds. 

![Splinterlands.png](https://i.imgur.com/PgTC3CC.png)

The arbitrage opportunities don't stay there forever. Sometimes i is much better than this and sometimes you won't even get 5% arbitrage. But these are very quick gains. Share the article around and spread the love.

# Happy Investing! 


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@vimukthi/steem-engine-vs-hive-engine-arbitrage-6-67-instant-gains)

👍 leo.voter, inertia, nathanmars, zuerich, ecoinstant, michealb, cryptoknight12, sbi3, bluerobo, gohive, sharkleo, kristall97, uwelang, d-zero, roleerob, builderofcastles, blue-witness, bert0, hanke, cryptosharon, palasatenea, dorian-lee, mawit07, sm-silva, dannychain, leofinance, engrsayful, gadrian, viniciotricolor, fernandosoder, apoloo1, aschatria, paragism, hashkings, actioncats, dpend.active, snoochieboochies, groverafter, brofund-stem, hivebuzz, tariqul.bibm, babytarazkp, travelwritemoney, discohedge, javb, dickturpin, beehivetrader, renovatio, flamingirl, alokkumar121, ronpurteetv, thatsweeneyguy, upfundme, bahagia-arbi, yacobh, rusbe, memeteca, modeprator, ahmadmanga, sbi-tokens, lunaticpandora, tonimontana.leo, phython, splinterlandspro, and 11 others

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@beerlover · Jan 25 '21

<div class='pull-right'>https://files.peakd.com/file/peakd-hive/beerlover/yiuU6bdf-beerlover20gives20BEER.gif<p><sup><a href='https://hive-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p>Hey @vimukthi, here is a little bit of <code>BEER</code> from @dannychain for you. Enjoy it!</p> <p>Learn how to <a href='https://peakd.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn <b>FREE BEER</b> each day </a> by staking your <code>BEER</code>.</p> </center><div></div>

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@dannychain · Jan 25 '21

$0.02

Nice work! I used to do a lot of arbitrage (with this bot: https://github.com/Reidmcc/rockfish) on Stellar's DEX too (XLM > "some token" > "another token" > XLM). !BEER

👍 vimukthi

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@vimukthi · Jan 25 '21

Thank you so much for sharing this!

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@hivebuzz · Jan 25 '21

Congratulations @vimukthi! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x60/http://hivebuzz.me/badges/postallweek.png"></td><td>You have been a buzzy bee and published a post every day of the week</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@vimukthi) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>


To support your work, I also upvoted your post!

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@palasatenea · Jan 24 '21

$0.02

Good strategy, last time i checked Steem engine was so dead that I didn't want to have nothing there.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@palasatenea/re-vimukthi-4gej1g)

👍 vimukthi

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@vimukthi · Jan 25 '21

There is still some trading going there. It is only few hundred dollars worth trading volume. If you have a small portfolio, you can find some good deals there.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@vimukthi/re-palasatenea-4cyy5v)

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