I recently found out about this form of trading, but never tried it. Can anyone with experience give me some hints? I mean is this algorithm they use successful? And is it true about having big gains?
I never try to arbitrage trading because that will be too difficult for me. We need to have funds in each exchange so we can buy, send, and sell the coins. There is more than that, and you need to learn deeper, and that will not be easy to understand.
Maybe you can read more on this website:
https://www.finder.com/cryptocurrency-arbitrage
Doing arbitrage trading is no guarantee to make a profit because you need to determine which coin you will use to buy, how big the gap price in each exchange. It is more complicated than the usual trading, and of course, you will also need experience before you can do arbitrage trading. I am not sure about big gains in arbitrage trading because I never try it. I heard from my friends if we are in the right time and the right place, we can make big profits. But that will be difficult to get in that position, so be careful.