#套利交易策略 ### **Arbitrage Trading Strategy (Stable Income Type)**

#### **1. Core Logic**

Utilize pricing differences in the market (the price difference of the same asset across different platforms/contracts) to buy low and sell high, earning risk-free or low-risk profits.

#### **2. Main Types of Arbitrage**

**① Cross-Exchange Arbitrage**

- **Operation**: Buy on a low-priced exchange (like Binance) and simultaneously sell on a high-priced exchange (like Coinbase).

- **Key Point**: Need to execute quickly (API automation), ensuring profit after deducting fees.

**② Futures Spot Arbitrage**

- **Positive Arbitrage**: When the futures price > spot price, buy spot + sell an equivalent amount of futures, closing the position at expiry to profit from the price difference.

- **Negative Arbitrage**: When the futures price < spot price (rare), sell spot + buy futures.

- **Note**: Perpetual contracts need to calculate funding rate costs.

**③ Triangle Arbitrage**

- **Operation**: Cycle trading through the exchange rate differences among three currencies (e.g., BTC→ETH→USDT→BTC).

- **Requirements**: High liquidity market with extremely low slippage.

#### **3. Risk Control**

- **Slippage Risk**: Large trades may cause price fluctuations, requiring batch operations.

- **Exchange Risk**: Choose platforms with high reputation and good depth to avoid withdrawal delays or scams.

- **Arbitrage Space**: The price difference must cover fees + potential costs (like transfer fees).

#### **4. Applicable Scenarios**

- **Early Market Volatility**: New information triggers asynchronous prices across platforms.

- **Before Contract Settlement**: When the price difference between futures and spots widens.

**Core Principle**: **“Speed is Profit”** — relying on automated tools and real-time monitoring!