#BTC再创新高 Arbitrage trading strategies utilize irrational price differences of assets in the market, obtaining risk-free or low-risk returns by simultaneously buying and selling related assets. The core idea is to capture 'mispricing' and realize profits when prices return to reasonable levels. Below are common categories of arbitrage strategies and their core logic:

1. Cross-market arbitrage

- Definition: When there is a price difference for the same asset in different markets, buy in the low-priced market and sell in the high-priced market to earn the spread.

- Example: A certain stock is priced at 10 yuan in the A-share market, and is equivalent to 9.5 yuan in the Hong Kong market. Investors can buy Hong Kong stocks while simultaneously selling A-shares (consideration of transaction costs, exchange rates, and other factors is necessary).

2. Cross-variety arbitrage

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

- Example: Soybean and soybean meal prices have a correlated relationship (soybeans are processed into soybean meal). When the price difference between the two exceeds the normal range, buy.