Sometimes.

But there is a problem went doing some arbitrage:

• The time's exchange process your withdrawal requested.
• Fee used by the exchange.
• Scan up the transaction and how much required the minimum confirmation transaction.

This both factor can be a problem, sometimes the exchange process manually for the withdrawal activity and the fee transaction used by the exchange was pretty small make the transaction got a delay on the chain. Also, we have the last problem every exchange has a different timeframe scan up of the deposit activity and how much they need to require the minimum confirmation of a transaction. The longest confirmation transaction i've ever done is 400 confirmation for almost more than 6 days.

So make sure before doing any arbitrage u should aware of the exchange you gonna use for arbitrage.