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Given the following midpoint spot exchange rates: CHF/USD 1.5971, USD/AUD 1.8215, and CHF/AUD 1.1450, ignoring transaction costs is there an arbitrage opportunity? If so, what

Given the following midpoint spot exchange rates: CHF/USD 1.5971, USD/AUD 1.8215, and CHF/AUD 1.1450, ignoring transaction costs is there an arbitrage opportunity? If so, what steps would be taken to execute the trade, and what profit would be realized for a $1M USD notional amount?

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