Of course not. In arbitrage you are both a buyer and seller. Real arbitrage would be, for instance:
1. Get a bank to loan you at 0 percent.
2. Buy something liquid.
3. Sell said something.
4. Loan the money to another bank at >0 percent. (ie, buy a CD.)
...it's still stupid, because if they caught on to your shenanigans, that zero would turn into 29.95% overnight and you'd lose a pile of money trying to unwind the mess. The unavoidable problem is step #2. Good luck buying anything except for treasury bills that don't immediately drop 5 percent or more in value the minute you purchase it.
1. Get a bank to loan you at 0 percent.
2. Buy something liquid.
3. Sell said something.
4. Loan the money to another bank at >0 percent. (ie, buy a CD.)
...it's still stupid, because if they caught on to your shenanigans, that zero would turn into 29.95% overnight and you'd lose a pile of money trying to unwind the mess. The unavoidable problem is step #2. Good luck buying anything except for treasury bills that don't immediately drop 5 percent or more in value the minute you purchase it.