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Triangular Arbitrage with Cryptocurrencies You observe the following spot exchange rates: Base Currency/Quote Currency Bid Ask ETH/USD 3,497.83 3500.40 BTC/USD 46,669.21 46,726.58 ETH/BTC 0.07403 0.07450
Triangular Arbitrage with Cryptocurrencies You observe the following spot exchange rates: Base Currency/Quote Currency Bid Ask ETH/USD 3,497.83 3500.40 BTC/USD 46,669.21 46,726.58 ETH/BTC 0.07403 0.07450 ETH, BTC, and USD are the currency codes for Ethereum, Bitcoin, and the U.S. Dollar, respectively. Is there an arbitrage strategy? Outline a trading strategy to profit from such an opportunity without risk. Otherwise, explain why no such strategy exists.
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