Bitcoin price on Binance versus Coinbase is $700 different

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.