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.
Initially, I entered the trade using the spot + futures strategy with the FTT coin. This strategy involves buying coins on the spot market and opening a short position on the futures market. A crucial aspect is that the spot price must be lower than the futures price.
Short position on HTX, spot on Bybit.
In total, I entered the trade with 8000 FTT tokens. We caught a 2.5% spread, and with each 1000 tokens, we expect to earn an average of $25. With 8000 tokens, this totals $200.
Spot purchase:
Short:
Then I noticed an opportunity to exit the trade with the POPCAT coin. Usually, 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 coins:
And approximately the same amount on Gate:
Closing the trade with orders:
The profit from this trade was approximately $600-620.
Afterward, I noticed a spread with one of the tokens in my portfolio.
There was a spread with the NFP token between HTX and Gate.
The spread was 17.4%. I had the token on HTX, so I listed it for sale there and bought the same amount of tokens on Gate.
I earned another $300 from this trade.