Elias watched the two screens. The data flickered rapidly. On the left, CoinbasePro showed BTC at $20,020. On the right, Gemini flashed $20,000. This was a two-dollar difference. Retail investors often ignored it. However, for Elias, this was the "phantom spread."
The arbitrage trader’s life was not in the big bets, but in the micro-seconds. thearbitragetrader.com
What is Crypto Arbitrage – And How It Works on Binance P2P Elias watched the two screens