[vageli]

> So the price of BTC on Binance goes to the moon, and the price on CME collapses.

How long could this arbitrage oppportunity exist? It doesn't sound all that reasonable, in my opinion.

[qeternity]

It’s not an arbitrage. Our price on Binance is denominated in USDT whereas our price on CME is USD (which is the entire point of the trade).

[kristjansson]

BTC/USDT (on Binance) goes moonward as the denominator collapses, BTC/USD goes doomward as the numerator falls.