In spatial arbitrage, an arbitrageur looks for price differences between geographically separate markets. Airbnb rental arbitrage is the act of renting a property longterm and then rerenting it shortterm on vacation rental sites like Airbnb or Vrbo.Changes in interest rates can give rise to arbitrage opportunities that, while short-lived, can be very lucrative for traders who capitalize on them. Locational arbitrage. Attempt to exploit discrepancies in exchange rates between banks. The locational arbitrage means when the currency exchange rate differs from location to location. Arbitrage opportunities lie in any market setup that has certain ineffectiveness. One can find such changes to make riskless profit in many markets.