If you really want to do arbitrage as a strategy it would be better to have a partner from the other exchange and you split the profit.
This idea is good but we need to believe on the partner to keep his words all the times and with this idea too we cannot continue arbitrage as long as prices trades in gap. After some particular point, we need to move funds. But both of your ideas guarantee making use of price gap at least for one time.
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Hey PokerFace3,
trust building is the biggest obstacle in doing this. I created this thread
https://bitcointalk.org/index.php?topic=2817211.msg28842082#msg28842082to gather the people who are legit about doing this. All you need is another decent human being on the other side of the world and you can have a lifeterm business relation with mutual benefits. I`m not saying this is easy or not risky but it can be done.
So everyone who wants to be part of the solution please join the thread and chime in. Everyone who is part of the problem please stay away.