What Are the Differences between Spatial Arbitrage and Temporal Arbitrage in the Context of Cryptocurrency Markets?

Spatial arbitrage involves exploiting price differences for the same asset across different exchanges or locations at the same time. For example, buying Bitcoin on Exchange A where it is cheaper and simultaneously selling it on Exchange B where it is more expensive.

Temporal arbitrage, on the other hand, involves exploiting price differences for the same asset at different points in time. This could involve strategies like futures trading or statistical arbitrage based on historical price patterns.