Don't the fees negate the profitability of this strategy? How often do you see the spread between the rates achieving profitability when factoring in taker fees?
Trades are only triggered when profit is > fees. Depending on the market there can be fairly large opportunities popping up (on the thousands) a few times an hour. In a triangle, you only need 1 of the 3 pairs to have an inefficiency in the book to trigger a trade.
During the december craze: very profitable. Now: better than not trading.
If I were american and had to pay higher taxes on short term gains, it would probably not be worth it.
During the december craze: very profitable. Now: better than not trading.
If I were american and had to pay higher taxes on short term gains, it would probably not be worth it.