So I decided last week and have found it to be a case "works on Paper"
I noticed an exchange with a BCH/USDT 50% higher than coinbase's price for BCH so eyes watering bought some as a test. It was just 50 to see if it worked. It did not. The problem was the other exchanges BCH wallet was down so i couldn't deposit it in.
Not to be discouraged I have been looking at other arbitrage sites and opportunities and always have the same issue. Basically the wallet of the currency I want to trade in is down This was for EOS BAT and even LTC.
Is arbitrage possible or is it a case of if it seems too good to be true .....
Sometimes for reasons not caused by you, you cannot move in time and this results in loss. Let's call it your bad luck. Also it is not relate just arbitrage, if such a problem was in trade, the profit would still be reduced. Anyway IMO you should investigate exchange you are going to make a exchange in, because most of the time, they explain when and what the problem will be.