Depository and investment regulations for political subdivisions from Ohio Rev. Arbitrage is when an asset (stocks, currencies, etc.) is bought in one market and sold in another for a higher price.Additionally, when footnotes in the matrix reference specific sections of the Ohio Rev. Specified in the arbitration agreement. Changes in interest rates can give rise to arbitrage opportunities that, while short-lived, can be very lucrative for traders who capitalize on them. Airbnb rental arbitrage is the act of renting a property longterm and then rerenting it shortterm on vacation rental sites like Airbnb or Vrbo. First we need some definitions.