Not to be nit-picky, but an arbitrage opportunity is one in which you can make a risk-free profit. There is risk involved here, so it is not an arbitrage.
RE: The Economics Behind the Steem Dollar Arbitrage..
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The Economics Behind the Steem Dollar Arbitrage..
It is risk free if you are working balance everywhere to instantly execute the arbitrage, which ever way round it happens to be.
It requires a large amount of capital invested, but some users will be doing this, and could certainly have bots executing on their behalf (if they wanted..)
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