The price different between DYDX and FTX exchanges seems to be around 0.01% consistently. Is it worth arbitraging between these two exchanges for the same asset? In this video, we explore this with Bitcoin. At first glance, this idea feels to be a money printer. However, when getting more into the details, we see that this can be far from the case.
Arbitrage carries risk. In this example, the risk is all in execution (which is typical for arbitrage).