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by cdvonstinkpot 3304 days ago
At least circa whenever it was that BTC broke $100, the state of exchanges' APIs was such that arbitrage wasn't practical. I remember reading about it on an old bitcointalk.org thread when the Butter-Bot developers were soliciting feedback regarding what direction their paid customer base wanted them to go.

The only working arbitrage software I ever saw was this short-lived one with a circular UI (IIRC), & it wasn't fully automated.

I'd be interested to learn the current state of affairs on the subject.