Nowadays arbitraging is considered indeed a profitable way of earning cryptocurrency. It doesn’t require a lot of investment but your time instead. And then special bots now helps to save some time. The crypto market is still developing so and arbitraging is still accurate. Such trading is risky, but the risk can be minimized possessing corresponding skills. However, it’s not so easy like it seems at first view. You need to estimate the cost-effectiveness of arbitraging because the fees you pay for deposit and withdrawal on several exchanges can be larger than the profit. And you need to take into account other circumstances like time of the transfer from one exchange to another that can be critical regarding cryptocurrency’s volatility.