At the current prices, you need to trade $3-6 (depending on fees) to break even. So you need to watch for >$6 moves then place an order on each side to let the bots have fun with it.
One problem arises... You get front running these days that closes the gap a lot faster than it used to. It's easy money when the opportunity exists, but it's not very often lately.
I used to try, but slippage and fee's make profitability near impossible.
If you're getting slippage, then you're doing it wrong. You don't buy at market for one, and the spread needs to be larger than your fees
Edit:
This isn't exactly spread trading in the typical sense, since there aren't related securities to trade with. But the method described can be a lucrative strategy when it shows itself
