RbtcArbitrage

A Ruby gem for executing arbitrage between the MtGox and Bitstamp bitcoin exchanges.

Meta

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

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. You must have configured your API keys and bitcoin addresses through the following environment variables:

  1. MTGOX_KEY
  2. MTGOX_SECRET
  3. MTGOX_ADDRESS
  4. BITSTAMP_KEY
  5. BITSTAMP_SECRET
  6. BITSTAMP_ADDRESS

• 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).

Examples

$ rbtc --live --cutoff 4
$ rbtc --cutoff 0.5
$ rbtc --cutoff 3 --volume 0.05
$ rbtc

The output will look like this:

07/08/2013 at 10:41AM
Retrieving market information and balances
Bitstamp: $74.0
MtGox: $76.89
buying 0.01 btc from Bitstamp for $0.74
selling 0.01 btc on MtGox for $0.76
profit: $0.02 (2.77%)

Contributing

Pull Requests are welcome!

1. Fork it
2. Create your feature branch (git checkout -b my-new-feature)
3. Commit your changes (git commit -am 'Add some feature')
4. Push to the branch (git push origin my-new-feature)
5. Create new Pull Request