RbtcArbitrage

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

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

Please contribute with code! 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 made a course about using this to run your own arbitrage bot.
• CHANGELOG.

Donations accepted: 16BMcqf93eEpb2aWgMkJCSQQH85WzrpbdZ

Install it yourself as:

$ gem install rbtc_arbitrage

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

• 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.

	$ 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%.

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

• BITSTAMP_KEY
• BITSTAMP_SECRET
• BITSTAMP_ADDRESS
• BITSTAMP_CLIENT_ID

• CAMPBX_KEY
• CAMPBX_SECRET

• BTCE_KEY
• BTCE_SECRET
• BTCE_ADDRESS

• COINBASE_KEY
• COINBASE_SECRET

rbtc_arbtitrage also exposes a handy interface for interacting with different bitcoin clients. For example:

client = RbtcArbitrage::Clients::BitstampClient.new
client.price :buy
 => 462.88
client.price :sell
 => 462.88
client.balance
 => [0.0079, 1.41] # [btc, usd]
client.options[:volume] = 0.5 # default is 0.01
# client.trade uses market price
client.trade :buy
client.trade :sell
client.address # for deposits
 => "16rQQYMTTKb9cnnSX3xYkN4hcKXoYcXXXX"
# send btc to an address
coinbase = RbtcArbitrage::Clients::CoinbaseClient.new
client.transfer coinbase.address

Available here