"At one point before Xmas you could buy Jan 5525 calls at IG and sell them for 5 higher at cantor and that persisted for about half a day. This is fairly common."
WOW !
Are you absolutely sure about this ? Anyone else confirm this ?
"you face a funding problem if done in any size as you have potentially large losses with one firm prior to expiry who don't really care that you have a big profit with another."
But it's riskless. You can always find the dosh, needs must.