Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.
Arbitrage is quite risky. It takes time to transfer fiat and bitcoin into different exchanges. The time will cost money.
it must be done with a bot not manually, and fiat should already be there, when you see that you ran out of fiat you do another transfer the same day, not waiting for it to go to zero
Exactly. They have large amount of capital and are running bot for arbitrage without time gap due to all of trading funds being ready in the exchanges. For the individual, we cannot profit it at all.