Coded for python2.7+
usage: arbbot.py [-h] [-s SYMBOL] [-b BASESYMBOL] [-r RATE] [-i INTERVAL] [-l LOGFILE] [-d] [-v] Poloniex/Bittrex Arbitrage Bot optional arguments: -h, --help show this help message and exit -s SYMBOL, --symbol SYMBOL symbol of your target coin [default: XMR] -b BASESYMBOL, --basesymbol BASESYMBOL symbol of your base coin [default: BTC] -r RATE, --rate RATE minimum price difference, 1.01 is 1 percent price difference (exchanges charge .05 percent fee) [default: 1.01] -i INTERVAL, --interval INTERVAL seconds to sleep between loops [default: 1] -l LOGFILE, --logfile LOGFILE file to output log data to [default: arbbot.log] -d, --dryrun simulates without trading (API keys not required) -v, --verbose enables extra console messages (for debugging)
When finished the bot will check both markets for their bids and asks. If the bittrex bid is higher than the poloniex ask, it will buy from the ask on poloniex, and sell to the bid on bittrex to make a % of profit. Same goes for the opposite. The bot will also have to check the order sizes.