STEEM DOLLARS trading under USD parity on Poloniex ($0.89)
It seems it is early days as these types of arbitrage opportunities should not exist in an efficient market.
Free profits anyone?
Below are the links to the sources
https://poloniex.com/exchange#btc_sbd
and....
In theory yes, but unfortunatly there is no btc/steem btc/SBD market on steemit market.... so arbitrage can not be done full cirlce with out waiting 7 days. hence the spread.
Agreed, that explains the lack of arbitrage action but I still wonder why the discount on SBD is a whopping $0.11. That is rather high for such a stable asset which is designed to hold parity with the USD.