etf funds can be purchased on-site or off-site, that is, investors can trade etf funds in the stock market, or buy them on third-party platforms such as fund companies, Alipay, WeChat and Tiantian Fund Network. The steps for trading etf funds on-site are as follows:

1. Log in to the stock trading software and click the trading interface;

2. Enter the etf fund code or fund shorthand in the transaction interface;

3. Enter the purchase quantity and click Buy.

among them, investors can carry out the following arbitrage operations:

1. T+ to obtain intraday spread

T+ to obtain intraday spread is to use the trend of individual stocks, buy etf funds at a low level, and then sell them at a high level to earn a certain spread income. It should be noted that the spread income is greater than its formalities fee, otherwise, it will not be worth the loss.

2. Discount arbitrage

When the etf price in the market is less than the net value, that is, when the fund is discounted, retail investors can buy etf fund shares at a low price in the secondary market, then redeem the shares at the net value in the primary market, and then sell the shares in the secondary market to complete arbitrage.

3. Premium arbitrage

When the etf price in the market is greater than the net value, that is, the fund premium, retail investors can buy a basket of stocks from the secondary market, then convert them into etf fund shares according to the net value in the primary market, and then sell the etf at a high price in the secondary market to complete the arbitrage.

4. etf event arbitrage

There are differences in holidays and trading hours between Shenzhen and Hong Kong, and there may be cases where Hong Kong is closed, but ETFs can still trade in Shenzhen Stock Exchange, which will bring arbitrage opportunities.

For example, investors can sell etf shares when the etf price has not reflected the expectation, which is equivalent to shorting the stock. At the same time, they can purchase etf shares in the primary subscription and redemption market by cash substitution.

5. Spot arbitrage

Spot arbitrage is based on the price difference between the stock index futures contract and the spot etf. For example, when the stock index futures price is higher than the spot etf price, it indicates that investors can sell their etf shares at a higher price in the future. At this time, investors can sell etf futures contracts and buy etf spot at the same time, and wait until they need to close their positions to deliver the etf shares bought in advance at a low price.

when the spot price of etf is high and the futures price is low, investors can sell etf by short selling and buy etf futures at the same time, and investors can close their positions with the low-priced etf in the futures contract in the future to earn the difference income.

6. Pairing transaction

The future market trends of A-shares and Hong Kong stocks are judged by means of data statistics, so as to conduct the etf matching transaction in the two markets.

operating environment of the above steps:

mobile phone model: Xiaomi 12

system version: MIUI13

flush APP version number: 1.44.2.