One is spot arbitrage, that is, arbitrage between futures and spot;

Second, arbitrage of spreads between different months, different varieties and different markets in the futures market is called spread trading. According to the different operating objects, spread trading can be divided into three types: intertemporal arbitrage, cross-variety arbitrage and cross-market arbitrage.

(1) spot arbitrage

⑵ Intertemporal arbitrage

According to the different trading positions established by traders in the market, intertemporal arbitrage can be divided into:

bull spread

Bear market arbitrage

Butterfly arbitrage

Vulture arbitrage

(3) Cross-market arbitrage

(4) Cross-variety arbitrage