Airbnb rental arbitrage is the act of renting a property longterm and then rerenting it shortterm on vacation rental sites like Airbnb or Vrbo. The locational arbitrage means when the currency exchange rate differs from location to location.In February 2018, Salt Lake County and West Valley City entered into an Interlocal. Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. Report on the Financial Statements. We have audited the accompanying financial statements of Boise State University (University) and its.