The cryptocurrency market has revolutionized finance with decentralized digital assets, creating new investment opportunities and challenges. Among these, arbitrage has emerged as a profitable strategy due to the fragmented nature of cryptocurrency exchanges and the price discrepancies across them. This thesis explores two primary arbitrage strategies: spatial and triangular arbitrage. Spatial arbitrage exploits price differentials across exchanges, while triangular arbitrage identifies cyclical discrepancies among three currency pairs on a single exchange. Our research investigates these strategies by developing a comprehensive framework that utilizes historical cryptocurrency data. Through this framework, we assess the profitability of each strategy across different threshold parameters, optimizing them for maximum effectiveness.