Arbitraging The CRYPTO Markets?

Arbitrage - It's been done since the dawn of time. But firms are making a killing from arbitraging the Cryptocurrency markets which have: 500 global exchanges + 2,000 cryptocurrencies. Ripe for arbitrage with regional price differences daily.

I know of one automated bot that generates retail investors 20%-30% Monthly ROI.

But when will these returns die? And can hedge funds and PE firms benefit from them in the long-term?

1) What do you think will be the "tipping point" for these massive crypto arbitrage returns to die? (Eg. how much money is required from institutions taking over and killing the profit play?)

2) What are your thoughts on the challenges for Institutions when doing Crypto Arbitrage?

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