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.

nice read: https://steemit.com/arbitrage/@kesor/the-math-behind-cross-e...

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.

And the handful of cryptos that don't have tx fees (NEO/IOTA spring to mind) have already been arbitraged to within ¢¢¢ of each other.

I've been thinking about this for some time now. Do you have any resource to share or know anybody doing it?

People doing it successfully are unlikely to share their secrets, unfortunately.

Until/unless the crypto market in general crashes, or the gains have all been arbitraged out, at which point we'll see a flood of Medium posts about how someone bought their house by arbing DOGE.