HFATArbitrage Terminal
STRATEGY 01Difficulty: Low–Medium

Spot + Short

Buy spot on the cheaper exchange, open a short futures position on the more expensive one. Profit from price convergence between exchanges.

How It Works

LEG A — Exchange A
BUY Spot
Lower price
LEG B — Exchange B
SHORT Futures
Higher price
Example:
BTC @ Binance (Spot)$67,450
BTC @ Bybit (Futures)$67,620
Raw Spread+$170 (0.25%)
After Fees+$112 (0.17%)

Entry Conditions

  • Net spread above minimum threshold (configurable)
  • Sufficient orderbook depth on both sides
  • Available balance on both exchanges

Exit Conditions

  • Spread converges to target (take profit)
  • Spread widens beyond stop-loss threshold
  • Funding rate becomes unfavorable

Key Parameters

Min Net Spread
0.10–0.20%
Recommended range
Leverage
1–5x
On futures leg
Hold Time
Minutes–Hours
Typical duration
Risk Level
Low–Medium
Delta-neutral

Risks & Safeguards

Funding Rate Risk

Negative funding on short position can erode profits over time.

Safeguard: Monitor funding rates, exit before unfavorable funding periods.

Liquidation Risk

Sharp price moves can liquidate the futures leg.

Safeguard: Use low leverage (1–3x), enable liquidation guard.

Execution Risk

One leg fills, the other doesn't — orphaned position.

Safeguard: Atomic execution with automatic rollback.

Slippage Risk

Large orders can move the market, reducing actual spread.

Safeguard: Before entry we check the orderbook — twice the target volume must be available, otherwise the deal isn't opened.

Live Spot+Short Signals (example)

24 active
PairRouteNet Spread
BTC/USDTBinance → Bybit+0.23%
ETH/USDTKuCoin → Gate+0.19%
SOL/USDTMEXC → BingX+0.17%