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That's not arbitrage though. Kraken has a market rate. The only way to arbitrage the USDT / USD rate is if you have a reliable place to sell USDT at 1:1.
by bitcoinbutter 7y ago
That's not arbitrage though. Kraken has a market rate. The only way to arbitrage the USDT / USD rate is if you have a reliable place to sell USDT at 1:1.
- askmike 7y agoYou can definitely use Kraken's market to arb: - buy BTC with your USD on Coinbase Pro. - sell your BTC into USDT on Binance. - Sell your USDT back into USD on Kraken. It really doesn't matter if the last step is 1:1 or another rate. If the price between Coinbase and Binance is big enough you can profitably arb this.