Arbitrage is the process of purchasing an asset in a market and selling it in another market at an enhanced price. The difference in prices translates into the profit for the user. It is therefore, a risk-free profit for the investor. Altcoin arbitrage is very common among crypto users. They indulge in cryptocurrency arbitrage trading to leverage the price differences that exist between the coins on different exchanges. Cryptoknowmics keeps track of the prices offered by different exchanges for a coin. Thus, traders can trade their crypto assets on different platforms to leverage the differences in the prices to their profit.