# Cash and Carry Arbitrage A cash and carry trade is an arbitrage strategy that involves buying an asset in the spot market (cash market) and simultaneously selling a futures contract on the same asset. Synatra pools that utilize this strategy will typically long an asset by buying spot of a token, and shorting the token on a perp market with attractive funding rates.\ \ We may however also perform funding arbitrage i.e., longing a token on market A and shorting the same token on market B.\ \ We utilize a number of lending markets and perp protocols to achieve our arbitrages. These include but are not limited to: Drift, Zeta, Hyperliquid, Dydx, Kamino Finance, Marginfi, Solend --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.synatra.xyz/synthetic-staking/how-does-this-generate-yield/cash-and-carry-arbitrage.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.