the problem with cryptocurrency arbitrage is that the profit depends on how fast/reliable the various exchanges process your transactions and how much the transaction fees are and not how sophisticated your algorithm is.
Maybe nit-picking ... but shouldn't a very sophisticated algorithm precisely incorporate the reliability/speed of the various exchanges (maybe based on past and current latency or downtime which weighs the risk of a transaction not clearing at a given exchange). The smartest algorithm should be able to win such a battle on average.