#套利交易策略 Arbitrage trading strategy is a trading method that utilizes unreasonable differences in asset prices in the market to obtain risk-free or low-risk returns by simultaneously buying and selling related assets. The core idea is to capture 'mispricing'; when prices return to reasonable levels, profits are realized by closing positions. Below are common classifications of arbitrage strategies and their core logic:

1. Cross-Market Arbitrage

- Definition: When the same asset has price differences in different markets, buy in the low-priced market and sell in the high-priced market to profit from the difference.

- Example: If a stock is priced at 10 yuan in the A-share market, and 9.5 yuan after conversion in the Hong Kong stock market, an investor can buy the Hong Kong stock while simultaneously selling the A-share (considering transaction costs, exchange rates, and other factors).

2. Cross-Product Arbitrage

- Definition: Arbitrage based on price deviations between related different products (such as upstream and downstream commodities, substitutes).

- Example: There is a correlation between the prices of soybeans and soybean meal (soybeans are crushed to produce soybean meal); when the price difference between the two exceeds the normal range, buy.