The spot price for the British pound is $1.4833 per pound. The futures price is $1.2496 per pound on a contract that expires in four months. The U.S. dollar LIBOR for four months is a continously compounded rate of 2.61% per annum. The British LIBOR for four months is a continuously compounded rate of 2.71% per annum. What is the total net profit if you execute the arbitrage strategy with one futures contract? The contract size is 62,500 British pounds.