> For the complete documentation index, see [llms.txt](https://docs.synatra.xyz/synthetic-staking/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.synatra.xyz/synthetic-staking/how-does-this-generate-yield/cash-and-carry-arbitrage.md).

# 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.\
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We may however also perform funding arbitrage i.e., longing a token on market A and shorting the same token on market B.\
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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