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Based on the exchanges below, please conduct a triangular arbitrage with a start fund of $10,000. Please list all the steps and calculate your arbitrage
Based on the exchanges below, please conduct a triangular arbitrage with a start fund of $10,000. Please list all the steps and calculate your arbitrage profit.
Bid | Ask | |
Dollar/pound | $1.25/pound | $1.60/ pound |
Dollar/Yen | $0.008/yen | $0.010/ yen |
Yen/pound | 80 yen/ pound | 100 yen/ pound |
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