Practical track
A practical course in crypto arbitrage. One strategy at a time: delta neutrality, spot-spot with a hedge, spot-perp and funding, margin, perp-perp, CEX-DEX — each worked through on numbers, from the entry to what is left in the account.
B1Lesson 1. Delta Neutrality in Arbitrage: How to Stop Guessing the PriceWhat a delta-neutral position is, why price direction doesn't matter, where the profit comes from, and which risks neutrality does not protect you from. With a calculator.calculatorB2Lesson 2. Spot-Spot Arbitrage with a Hedge: Five Steps and the Trade MathHow to hedge a coin transfer between exchanges with a perp short: five steps, the math with fees and funding, the risks of the hedge, and when it pays off.calculator