Peder Mueller is a foreign exchange trader for a bank in New York. He has USD1,573,510 (or its Swiss franc​ equivalent) for a​ short-term money market investment and wonders whether he should invest in U.S. dollars for three months or make a CIA investment in the Swiss franc​ (CHF). He faces the following​ quotes:

Spot exchange rate​(CHF =​USD1.00) 1.2810
​3-month forward rate​(CHF =​USD1.00) 1.2740
U.S. dollar​ 3-month interest rate 4.800​%
Swiss franc​ 3-month interest rate 3.200​%
What is arbitrage profit? Note: do not round intermediate steps. Round the final answer to the nearest dollar.