Crypto Arbitrage Spot and Futures Strategy +$450 in 3 days

Spot + perpetuals strategy arbitrage

Our client used the spot + futures strategy to profit from the price difference of the SILLY token between the HTX and Bybit exchanges.

Initial Setup: The client identified an arbitrage opportunity using our futures screener, which indicated a spread for the SILLY token between the spot price on HTX and the futures price on Bybit.

Short Position Orders: The client placed orders to open a short position at $0.338 and $0.3384 on Bybit. Simultaneously, they planned to buy on the spot market at approximately $0.333 on HTX.

Spread Calculation: (0.3380 + 0.3384)/0.333 = 1.5% spread.

Financing Rate: The client also took into account a high financing rate, which was 0.287% at that time.

Order Execution: Two orders on Bybit were executed at $0.338 for 100,000 tokens each.

Spot Purchase: The client placed orders to buy on the spot market at favorable prices. The next order was executed at $0.3384, and a new order was placed immediately after.

Position Increase: The client had 812,000 tokens on HTX and 960,000 tokens on Bybit (short position), so they needed to increase their position on HTX.

Strategy for Falling and Rising Markets: In a falling market, the client opened the short position first, then bought on the spot market. In a rising market, the process is reversed.

Sharp Price Increase: When the price began to rise sharply, the client decided to place another order on Bybit at $0.03472, which was executed almost immediately, resulting in a 1.2% spread.

Waiting for Remaining Orders: The client placed orders not only to catch a good price but also to save on commissions. By placing orders instead of buying from the order book, the client acted as a maker, which incurs lower commissions.

Saving on Commissions: On HTX, the client had the eighth level in the VIP program, significantly reducing commission costs. The transaction fee is even lower when acting as a maker.

You can also read our previous case study: Futures Arbitrage is the simplest type of arbitrage!