I don't really see any arb possibility with blocktrades. Have you checked it with blocktrades? What was the price at polo and blocktrades ?
EDIT: If I put a buy order at poloniex and I am lucky and get the bitusd for 0.00152 I can sell it for 0.001545 which is 1.5-2% arb I don't think it cover the risk of moving the funds and the fees at polo. Openledger has only 17 USD TOTAL liquidity for bitusd which is not so cool if you want to make arbitrage, but yes there is an arb for 7 usd, the profit would be around 0.5 usd.
If you are talking about it is possible later today there would be an arb possibility, thats okay, I am sure there will be. But now there isn't any real possibility.
If you are talking about there
If you place your buy order at say 0.0014 or less then if if was to get filled you just got x amount of BitUSD for roughly 81 cents each. you then take your BitUSD send it to Blocktrades and they will send you 0.00155 BTC (roughly 90 cents each) for each BitUSD - that's a 10% profit at least and you could have the output straight back to PoloniEX if thats what you wanted to do.. Polo changes .15 BitUSD per transaction so make sure you only attempt with more than 1.5 BitUSD or you are going backwards.
Alternatively you could send it to your Bitshares Wallet and trade it for BTS for example
Current price of BTS:BitUSD on the DEX is 176BTC/1 BitUSD ~ 0.00000980 sats (same as polo) but you have a 19% discount at least so you are paying esentially 0.00000793 BTC per BTS
I really like this idea of buying BitUSD then using it to get some discounted BTS. Combined with a buy-the-rumor / sell-the-news combo play on the BTS Peerplay run up to September, could be quite a profitable move. Thanks for the insights; you've got yourself another follower!
Currently If you send 1.0 BitUSD, Blocktrades will send you 0.00155699 BTC
Current price of BitUSD on POLO has shot up quicker than i thought when i posted this but it was 0.00145 and is currently 0.00152.
i do not suggest buying at market; set your bids and let the traders exiting dump on your favourable position.
Thanks for the reply.
Sorry I forgot to check the market history! You were absolutly right!
I also just looked the other possibility what you suggested. Buying bitusd and selling it for BTS or steem at openledger. That is still working fine.
damn wish i had of refreshed and seen you comment before make the calcs below; Cheers mate
I am sorry for your extra work.
I was confused when I didn't see the arb opportunity, and I haven't got my morning coffee, so I forgot to check the market history. :) But I think your calculation also helps other readers to understand your point.