RbtcArbitrage

A Ruby gem for executing arbitrage between different Bitcoin exchanges. Supports:

• Bitstamp
• CampBX
• BTC-E
• Coinbase
• MtGox (deprecated)

Meta

Please contribute! There are always new exchanges that could be easily supported. Check out the contribution guidelines for instructions. Earn Bitcoin for every commit:

Explanation of bitcoin arbitrage

Why I open sourced a bitcoin arbitrate bot

I'm also creating a course on creating your own bitcoin arbitrage bot

CHANGELOG.

Donations accepted: 16BMcqf93eEpb2aWgMkJCSQQH85WzrpbdZ

Installation

Install it yourself as:

$ gem install rbtc_arbitrage

Usage

After installing the gem, simply run rbtc in the command line.

Options

• Live: whether you want to actually execute trades. See the 'Environment Variable' section for the required keys.
• Cutoff: the minimum profit percentage required to execute a trade. Defaults to %2.00.
• Volume: The amount of bitcoins to trade per transaction. Defaults to 0.01 (the minimum transaction size).
• Buyer: The exchange you'd like to buy bitcoins from during arbitrage. Default is bitstamp
• Seller: The exchange you'd like to sell bitcoins from during arbitrage. Default is campbx

Valid exchanges for the --buyer and --seller option are bitstamp, campbx, btce,and coinbase.

Examples

	$ rbtc --live --cutoff 4
	$ rbtc --cutoff 0.5
	$ rbtc --cutoff 3 --volume 0.05
	$ rbtc --seller bitstamp --buyer campbx
	$ rbtc

The output will look like this:

I, [APR  6 2014  7:14:33 AM -0700#52261]  INFO -- : Fetching exchange rates
I, [APR  6 2014  7:14:37 AM -0700#52261]  INFO -- : Bitstamp (Ask): $455.0
I, [APR  6 2014  7:14:37 AM -0700#52261]  INFO -- : Campbx (Bid): $455.05
I, [APR  6 2014  7:14:37 AM -0700#52261]  INFO -- : buying 0.01 btc at Bitstamp for $4.58
I, [APR  6 2014  7:14:37 AM -0700#52261]  INFO -- : selling 0.01 btc at Campbx for $4.52
I, [APR  6 2014  7:14:37 AM -0700#52261]  INFO -- : profit: $-0.05 (-1.18%) is below cutoff of 2%.

Environment Variables

You will need to configure the following environment variables to trade with real accounts.

Bitstamp

• BITSTAMP_KEY
• BITSTAMP_SECRET
• BITSTAMP_ADDRESS
• BITSTAMP_CLIENT_ID

CampBX

• CAMPBX_KEY
• CAMPBX_SECRET

BTC-E

• BTCE_KEY
• BTCE_SECRET
• BTCE_ADDRESS

Coinbase

• COINBASE_KEY