Is that right? Is that a big enough difference where people will try to arbitrage it?
Have you guys tried that with bitcoin?
Seems kind of large.
Yes that is right. It is only a 1% difference. Just sit there with a pending trade and watch how the rate changes, and how fast. Most exchanges will take advantage of this. Especially when volatility is this high, the spread moves out wildly.
Is it worth it for small traders like us to buy on one exchange and less on the other to make the difference minus fees? What do you think?
Go check out current BTC price vs CoinEx right now, $500 difference.
No, Binance and Coinbase are equivalent and will plug the hole fast, you need either track the difference in seconds before they plug the hole (I have an arb system that does this), or you match large exchanges with small exchanges which gives you a bit more time.
Buy then sell in china. I heard it fetches a premium if you can find buyers.
How the heck do you do that sitting in the US?
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I don’t know. Probably learn Chinese and join crypto forums from China.
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KYC will be impossible!
I ran into something similar, and it turned out to be a mix of spread differences and how local demand shifts prices. Binance can have more volume and different market makers, so prices can move differently there for short periods. The lag in price sync between exchanges during fast moves can make it look like one is out of line, but it usually balances out pretty quick.
Difference in liquidity of the exchange is a primary reason.