2) Arbitrage: buying a futures contract and selling another futures contract at the same time, in which the futures contract can be delivered in different months of the same futures product. It can also be two interrelated different commodities. It can also be the same commodity in different futures markets. Arbitrage traders long on one futures contract and short on another futures contract, and profit from the price difference between the two contracts has little to do with the absolute price level.

Arbitrage trading has the following characteristics compared with ordinary speculative trading:

1, low risk. The spread of different futures contracts is far less severe than the absolute price level, which correspondingly reduces the risk, especially avoids the risk of unexpected events hitting the disk.

2. Facilitate the entry and exit of large funds. Arbitrage can attract a lot of money. Due to bilateral positions, it is difficult for the main institutions to force arbitrage traders to reduce their positions.

3. Long-term stable interest rates. The profit of arbitrage trading is not as ups and downs as unilateral speculation, and arbitrage trading is operated by using the unreasonable price difference relationship in the market. In most cases, the unreasonable spread will soon return to normal, so the success rate of arbitrage trading is very high.

The main arbitrage methods are intertemporal arbitrage, cross-commodity arbitrage and cross-market arbitrage.

1, intertemporal arbitrage: it is an arbitrage model that buys and sells futures contracts of the same commodity with different maturities in the same market, and uses the price difference of contracts with different maturities to make profits. What we offer you this time is the arbitrage of soybean and natural rubber varieties.

2. Cross-variety arbitrage: it is to hedge profits by using price changes between two different but interrelated commodities. That is, buy a commodity futures contract in a certain month and sell another interrelated commodity futures contract in a similar delivery month. Mainly (1): arbitrage between related commodities (this time, it provides arbitrage between copper and aluminum). Arbitrage between raw materials and finished products (such as arbitrage between soybeans and soybean meal)

3. Cross-market arbitrage: that is, buying (selling) a commodity futures contract in one futures market and selling (buying) the same contract in another market to hedge the profit-taking at favorable opportunities. This time we offer the most mature arbitrage between Shanghai Copper and London Copper, and the arbitrage between Dalian Soybean and CBOT Soybean.

Arbitrage trading is divided into physical arbitrage and virtual arbitrage according to whether or not to hand over the physical object. Arbitrage generally tries not to take a firm offer, and makes a profit by changing the price difference of different contracts. With the rich experience of actual trading and the intervention of large funds, many enterprises began to combine futures and spot, further develop hedging theory, and raise the goal of hedging to value-added with a more positive attitude. The more arbitrage opportunities this company offers.