In the past two years, there have often been "perfect" arbitrage opportunities with multiple periods of empty positions, specifically a positive price difference + positive net funding fee, followed by a tenfold surge that wipes out short contracts, and then a rapid drop, bringing spot prices to zero. For example, today’s #KUSDT .

This morning, I saw an arbitrage price difference of about 1% + a 2% positive funding rate.

It is particularly easy to trigger short positions on the #BYBIT platform.

September 2023 was the first time we encountered this, and as far as I know, arbitrage players lost about 1.5 million U. At that time, it was #OK for spot long and #Gate for futures short.