But it is true that given the collapse of FTX there’s free money to be had in Bitcoin arbitrage:
There’s a certain joyous circularity in the idea that the FTX collapse – Sam Bankman-Fried’s implosion at FTX and Alameda – means that there’s now, again, free money to be picked up in Bitcoin arbitrage.
Note that this is arbitrage, this is nothing to do with BTC/USD, the actual price of Bitcoin or even of the US dollar.
Also, note what we’ve said before about arbitrage. Buying and selling something at the same time, in different markets, in order to lock in a profit. That’s pure arbitrage but this is a little different here, this is time arbitrage.
The circularity’d joy is that FTX started out doing Bitcoin artbitrage……