Question for those that are smarter than me.

yzahlia
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Question for those that are smarter than me.

I currently use 2 different CEX's for certain reasons, after reading into SBF and how he made his money I have realised the 2 exchanges have different prices for Bitcoin (about $300 deviation) would this deviation be soaked up in transfer fee's and buy/sell fee's from the exchanges? If it's not soaked up by fee's then couldn't you just buy on one exchange - transfer - sell at a profit?

What am I missing?