I am investigating the potential for intra-exchange triangular arbitrage opportunities for the Cryptocurrency market. I believe that due its immaturity, relatively low volume and high volatility that such instances materialise and persist for periods of time long enough to be taken advantage of through an exchange API.
But I'm curious as to what the distinct and overwhelming signals are of a potential arbitrage opportunity. Are there any technical or fundamental factors to be made aware of? Or is it a case of iterating through numerous permutations of Cryptocurrencies and find which ones has the highest frequency of opportunity.