Thanks for your answer Serp. That's what I was interested in when I asked the question. Usually there are hidden fees and details that make the trade unprofitable like those high deposit fees you mentioned that you only realize when you actually make the trade. It would be nice if you could post those fees to calculate/estimate the net profit. Since I do not have an account at btc-e I can only know the transaction fees there 0.2%. So if you have an account there could you share all the fees that they have? At Cryptsy I have an account and even now I'm still very unsure of their fees if I'd withdraw from them or make a transaction how many hours it would take so someone who has had an account at btc-e for some time would be helpful.

About the problem of not being able to withdraw in EUR it could be solved exchanging it for USD. The actual ratio is 0.94 so that gross profit of 219.87 EUR can be withdraw as 206.7 USD which is still a nice profit. What I'm more interested to know are all the fees you have to take into account between both exchanges so I can make a good estimation of the net profit without having to try it myself and fill all the dox in both exchanges. Call me lazy but I don't want to make all that hassle to finally realizing the profit margin is so low and the risk (of missing the trade) so high that I better keep trading cryptocurrencies only and not do arbitrage verifying several accounts in different exchanges.

P. S. Btw tnx for the cointracker tool on your signature. I just signed up and seems a very useful tool for my trades. Let's see how it helps me to keep a good track of them.