If the difference is greater than PriceDeltaLimit then no trades will be generated because there is not enough liquidity risk of slippage TrailingSpreadLim 0. Over 40 million developers use GitHub together to host and review code, project manage, and build software together across more than million projects. I have been doing manual arbitrage somewhat successfully and I would love to know if I will be competing with bots soon or perhaps I already a. Jun 2, Marc Thomas Reagan June 25, Here is a real example where an arbitrage opportunity exists between Bitstamp long and Bitfinex short : At the first vertical line, the spread between the exchanges is high so Blackbird buys Bitstamp and short sells Bitfinex. In order to be executed as fast as possible and avoid slippage, Blackbird checks the liquidity in the order books of the exchanges and makes sure there are at least 3.