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