Description: One example of triangular arbitrage would be if you found a discrepancy in prices between BTC, ETH, and BNB. Numbers will obviously change over time, but for the purposes of this example, we’ll say that the BTC/BNB rate is 462.963, the BTC/ETH rate is 48.9809, the ETH/USDT rate is 148.94, and the BNB/USDT rate is 15.37. What you would do is sell your BTC to ETH (1 BTC = 48.809 ETH), convert that ETH into USDT and then BNB (48.809 ETH = 472.9747 BNB), and then convert that BNB back to BTC (472.9747 BNB = 1.0216 BTC). Therefore, you have profited 2.52% nearly instantly!