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Logic of Futures Arbitrage Strategies

The goal of any strategy is to profit from price differences (spreads) between markets while preserving capital safety. Below is a breakdown of the logic behind three main approaches.

1. Strategy: Spot + Futures

The most popular strategy: buying an asset on the spot market and hedging its price using futures.

• Action logic:

• On Spot: Buy the coin at a lower price. 

• On Futures: Open a short position on the same number of coins at a higher price.

• Why this is done:

• When prices on both markets converge, the difference (spread) becomes your profit.

• Funding: While the position is open, you may receive funding payments every 8 hours.

• Important: Funding can work either in your favor or against you. How to determine favorable funding will be covered in the next lessons.

2. Strategy: Futures + Futures

Trading only futures on different exchanges without purchasing the actual coin.

• Action logic:

• Exchange #1 (cheaper): Open a long position.

• Exchange #2 (more expensive): Open a short position.

• Why this is done:

• Profit from price differences of the same asset across different trading platforms.

• Funding: Earn from differences in funding rates between two exchanges.

• Important: Funding can work either in your favor or against you. How to determine favorable funding will be covered in the next lessons.

3. Strategy: Futures + Spot

Implementation condition: For this strategy, you must either already hold the coins in your balance (for example, as an investment) or borrow them from the exchange via margin lending.

• Action logic:

• On Spot: Sell the asset (owned or borrowed) at a higher price.

• On Futures: Open a long position at a lower price.

• Why this is done:

• Profit from price convergence when the futures contract was temporarily undervalued relative to spot.

• Funding: Receive funding payments if the funding rate on the market is negative.

• Important: Funding can work either in your favor or against you. How to determine favorable funding will be covered in the next lessons.

Summary Table of Strategies

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