I cannot understand how the triangular arbitrage fits with CFD.
Assuming there is an arbitrage opportunity: EUR/USD < USD/GBP * GBP/EUR
If I do this strategy:
- 1 Long on EUR/USD at Ask price
- 1 Long on USD/GBP at Ask price
- 1 Long on GBP/EUR at Ask price
I get a > 0 profit, but I have still 3 positions open. If I close all these three positions i get the amount converted in my Currency-based trading account (Eur). How should I adapt the "triangular arbitrage" with CFD when I have to Open and Close Position?