I launched Token Spread in Oct 2017. The project came out of my adventures with different arbitrage strategies in the crypto markets. Two things have happened since the launch of Token Spread, 1) arbitrage spreads have been extremely consistent, and 2) the crypto space has continued to expand at a rate that melts my brain. When I put my head down for a couple weeks to work on new features (like Telegram integration for our spread alerts), I pop my head back out and it feels like the crypto world has passed me by all over again.
In many conversations about arbitrage, there seems to be a common opinion that arbitrage spreads will continue to tighten over time and/or disappear (i.e. be unattainable for the everyday trader).
However, the distributed nature of cryptocurrencies and the natural interplay between availability, security, regulation and anonymity will continue to create persistent market inefficiencies. I am confident that arbitrage opportunities will continue indefinitely due to the following:
There has been a gross proliferation of trading exchanges. Regional interests and trends continue to result in predictable arbitrage opportunities and inefficiencies.
At present, the top 10 exchanges on CoinMarketCap based on volume are listed below. This list has changed a lot in 24 months. It will continue to be a revolving door.
Upbit
Binance
Bithumb
OKEx
Bitfinex
Huobi
Bittrex
HitBTC
Kraken
GDAX