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Despite having zero transaction fees, unfortunately transaction volumes on Hive-Engine are extremely low. If there were no arbitrage bots, price differences in liquidity pools would increase enormously. Price slippage between liquidity pools and coin markets begins to occur. Scalping bots are a bit annoying. However, they also reduce the difference between buy/sell orders.
Bots are extremely useful if you are not in a hurry. It makes perfect sense to use liquidity pools when time is an issue. However, when you do not have time problems, we recommend that you use token markets. You will see your costs start to decrease and your profitability increase.
RE: Cent And SHORT Market Making Study