In this case, we will examine a situation where three types of arbitrage are demonstrated live, so we highly recommend watching both the video and reading the text version to understand all the details.
Spot + Futures with FTT Token: Initially, I entered a trade using the spot + futures strategy with the FTT token. This strategy involves buying tokens on the spot market and opening a short position on the futures market. The crucial point is that the spot price should be lower than the futures price.
I opened a short position on HTX and bought tokens on Bybit. In total, I entered the trade with 8000 FTT tokens, capturing a 2.5% spread. With each 1000 tokens, we expect to earn about $25. So, with 8000 tokens, the profit is $200.
Exiting the Trade with POPCAT Token: Generally, we exit the trade when the spot price equals the futures price. However, in this case, an even more favorable situation occurred—the spot price was higher than the futures price.
We had a short position on Bybit with 75,000 tokens, and approximately the same amount on Gate. By closing the trades with orders, the profit was about $600-620.
Arbitrage with NFP Token: Later, I noticed a spread with one of the tokens in my portfolio. There was a spread with the NFP token between HTX and Gate of 17.4%. I had the token on HTX, so I listed it for sale there and bought the same amount of tokens on Gate.
This arbitrage resulted in another $300 profit.