So let's say I've found two different exchanges where prices of selected cryptocurrencies is varying quite a bit.
How to arbitrage?

Should I buy some BTC at let's say 3.700 then send this amount to second exchange where I will sell it for 3.900? The profit here is that I have more fiat and I can't really multiply this process (or maybe I can send earned money to the first exchange again, but it takes a lot of time).

Am I seeing this right?