buying and selling – What causes synchronous value motion inside and between crypto exchanges with out matching trades?

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I’ve noticed totally different crypto exchanges for fairly a while now and analyzed the potential for various sorts of arbitrage. Nevertheless, I do not fairly perceive what I’m seeing.

Examples:

  1. Observing Poloniex and Binance internet socket streams for a similar image, it looks as if more often than not Poloniex lags behind Binance but it surely typically strikes the identical manner. Curiously, these value actions happen with none (seen) trades taking place. What might trigger this impact? Who makes cash from this if there are not any trades?
  2. Triangular arbitrage hardly ever appears worthwhile inside one alternate. I might anticipate that a number of symbols on a smaller alternate like Poloniex would wish a while to return to steadiness after a serious value motion. Nevertheless, it looks as if markets alter quicker than the real-time internet socket API will let me have a look at the state of affairs (1ms latency).

The connected picture (sorry, did not discover a larger one in my information) exhibits Binance (blue) and Poloniex (inexperienced) costs shifting. There are not any trades on Poloniex throughout this time.



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