How to make money with Crypto arbitrage?

One common type is cross-exchange arbitrage, where a trader identifies a price differential for a crypto asset between two different trading platforms. For instance, if Bitcoin is trading for $60,000 on Exchange A and $60,100 on Exchange B, an arbitrageur would buy Bitcoin on Exchange A and instantly sell it on Exchange B.

Another strategy is triangular arbitrage, which involves exploiting price inconsistencies among three different cryptocurrencies on a single exchange. Here, a trader might convert an initial cryptocurrency into a second, then that second into a third, and finally, the third back into the original, aiming to end up with more of the initial asset than they started with.