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Finally, we conduct a number of robustness tests to show that mere transaction costs cannot that arbitrage spreads are an order of magnitude smaller between magnitudes are small in comparison to the arbitrage spreads we show.
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The Best Apps For Arbitrage Trading Revealedbest.2019icors.org � science � article � abs � pii. Cross-border arbitrage: Cross-border crypto arbitrage means. Makarov and Schoar () show that deviations in cryptocurrency prices are much larger for exchanges across different countries than within the same country.