{"id":12871,"date":"2026-04-27T15:52:51","date_gmt":"2026-04-27T15:52:51","guid":{"rendered":"https:\/\/bjftradinggroup.com\/?page_id=12871"},"modified":"2026-06-17T13:39:22","modified_gmt":"2026-06-17T13:39:22","slug":"vip-crypto-arbitrage-strategies","status":"publish","type":"page","link":"https:\/\/bjftradinggroup.com\/ja\/vip-crypto-arbitrage-strategies\/","title":{"rendered":"One-leg vs Hedge arbitrage"},"content":{"rendered":"

<\/p>\n

\n

<\/p>\n

\n BJF TRADING GROUP  ·  \u6226\u7565\u30ea\u30d5\u30a1\u30ec\u30f3\u30b9<\/span><\/p>\n

VIP Crypto Arbitrage — One-Leg vs Hedge<\/span> \u6226\u7565\u30ea\u30d5\u30a1\u30ec\u30f3\u30b9<\/h1>\n

VIP Crypto Arbitrage Bot \u304c\u5207\u308a\u66ff\u3048\u3066\u4f7f\u7528\u3059\u308b2\u3064\u306e\u6226\u7565 — \u65b9\u5411\u6027\u306e\u3042\u308bOne-Leg\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8<\/strong>\u3068\u30de\u30fc\u30b1\u30c3\u30c8\u30cb\u30e5\u30fc\u30c8\u30e9\u30eb\u306aHedge\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8<\/strong>\u3002\u4ed5\u7d44\u307f\u3001\u8a08\u7b97\u3001\u8cc7\u91d1\u30b5\u30a4\u30ba\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u8981\u4ef6\u3001\u30ea\u30b9\u30af\u7279\u6027\u3001\u305d\u3057\u3066\u5404\u6226\u7565\u3092\u4f7f\u3046\u3079\u304d\u5834\u9762\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n

\n One-Leg\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8<\/a>
\n Hedge\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8<\/a>
\n \u6a2a\u4e26\u3073\u6bd4\u8f03<\/a>
\n \u3069\u3061\u3089\u3092\u9078\u3076\u304b<\/a>
\n \u30b5\u30d6\u30d0\u30ea\u30a2\u30f3\u30c8<\/a>
\n \u30ea\u30b9\u30af&\u843d\u3068\u3057\u7a74<\/a>
\n FAQ<\/a>\n <\/div><\/div>\n

<\/p>\n

\n

\u8981\u70b9<\/h3>\n

One-Leg\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8<\/strong>\u306f\u3001\u3042\u308b\u53d6\u5f15\u6240\u306e\u4fa1\u683c\u304c\u57fa\u6e96\u4fa1\u683c\u304b\u3089\u6025\u306b\u4e56\u96e2\u3057\u305f\u3068\u304d\u306b\u5358\u4e00\u306e\u65b9\u5411\u6027\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u958b\u304d\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u7e2e\u5c0f\u3057\u305f\u6642\u70b9\u3067\u6c7a\u6e08\u3057\u307e\u3059\u30021\u56de\u306e\u53d6\u5f15\u3042\u305f\u308a\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u9ad8\u3044\u4e00\u65b9\u3001\u4fdd\u6709\u4e2d\u306f\u5e02\u5834\u65b9\u5411\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

Hedge\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8<\/strong>\u306f\u30012\u3064\u306e\u53d6\u5f15\u6240\u3067\u540c\u6642\u306b\u53cd\u5bfe\u65b9\u5411\u306e\u30dd\u30b8\u30b7\u30e7\u30f3 — \u5b89\u3044\u5074\u3067\u30ed\u30f3\u30b0\u3001\u9ad8\u3044\u5074\u3067\u30b7\u30e7\u30fc\u30c8 — \u3092\u958b\u304d\u3001\u4fa1\u683c\u304c\u53ce\u675f\u3057\u305f\u3089\u4e21\u65b9\u3092\u6c7a\u6e08\u3057\u307e\u3059\u3002\u7d14\u7c8b\u306a\u5e02\u5834\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u306f\u307b\u307c\u30bc\u30ed\u3067\u3059\u304c\u3001\u4e21\u5074\u306b\u8cc7\u91d1\u304c\u62d8\u675f\u3055\u308c\u30011\u56de\u306e\u53d6\u5f15\u3042\u305f\u308a\u306e\u5229\u76ca\u306f\u5c0f\u3055\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u59cb\u3081\u305f\u3070\u304b\u308a\u306e\u5834\u5408:<\/strong> Hedge\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\u304b\u3089\u59cb\u3081\u3066\u304f\u3060\u3055\u3044\u3002$5k\u4ee5\u4e0a\u304c\u3042\u308a\u3001\u5909\u52d5\u3092\u8a31\u5bb9\u3067\u304d\u308b\u5834\u5408:<\/strong> One-Leg\u3092\u8ffd\u52a0\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/p><\/div>\n

<\/p>\n

One-Leg\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8<\/h2>\n
\n
\n

\u65b9\u5411\u6027\u3042\u308a — \u30b9\u30ca\u30c3\u30d7\u30d0\u30c3\u30af\u3092\u6349\u3048\u308b<\/h3>\n

\u30ea\u30b9\u30af: \u4e2d · \u512a\u4f4d\u6027: \u9ad8<\/span>\n <\/div>\n

One-Leg\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\u306f\u3001\u5358\u4e00\u306e\u53d6\u5f15\u6240\u3067\u57fa\u6e96\u4fa1\u683c\uff08Bot\u306e\u96c6\u7d04\u30df\u30c3\u30c9\u4fa1\u683c\uff09\u306b\u5bfe\u3059\u308b\u4e00\u6642\u7684\u306a\u4fa1\u683c\u4e56\u96e2\u3092\u691c\u51fa\u3057\u3001\u305d\u306e\u4e56\u96e2\u304c\u5143\u306b\u623b\u308b\u3068\u5229\u76ca\u306b\u306a\u308b\u5358\u4e00\u306e\u65b9\u5411\u6027\u30dd\u30b8\u30b7\u30e7\u30f3<\/strong>\u3092\u958b\u304d\u307e\u3059\u3002Hedge\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\u3068\u306f\u7570\u306a\u308a\u3001\u5e02\u5834\u306b\u51fa\u3066\u3044\u308b\u306e\u306f1\u3064\u306e\u30ec\u30c3\u30b0\u3060\u3051\u3067\u3059 — \u305d\u306e\u305f\u3081\u3001\u4fdd\u6709\u4e2d\u306f\u65b9\u5411\u6027\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u3092\u4f34\u3044\u307e\u3059\u3002<\/p>\n

\u4ed5\u7d44\u307f<\/h3>\n
\n
\n 1<\/span><\/p>\n
\u691c\u51fa<\/div>\n

Bot\u304cExchange A\u306e\u30c6\u30a3\u30c3\u30af\u3092\u8aad\u307f\u53d6\u308a\u3001\u53c2\u7167\u53d6\u5f15\u6240\u7fa4\u306e\u96c6\u7d04\u30df\u30c3\u30c9\u3068\u6bd4\u8f03\u3057\u307e\u3059\u3002<\/p>\n<\/p><\/div>\n

\n 2<\/span><\/p>\n
\u691c\u8a3c<\/div>\n

\u624b\u6570\u6599\u3001\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\u3001\u677f\u306e\u539a\u307f\u3092\u8003\u616e\u3057\u305f\u7d04\u5b9a\u4fa1\u683c\u3092\u5dee\u3057\u5f15\u3044\u305f\u5f8c\u3067\u3082\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u95be\u5024\u3092\u4e0a\u56de\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/p>\n<\/p><\/div>\n

\n 3<\/span><\/p>\n
\u30a8\u30f3\u30c8\u30ea\u30fc<\/div>\n

\u30df\u30c3\u30c9\u306b\u5bfe\u3057\u3066\u5272\u5b89\u306a\u5074\u3092\u30ed\u30f3\u30b0\u3001\u307e\u305f\u306f\u5272\u9ad8\u306a\u5074\u3092\u30b7\u30e7\u30fc\u30c8\u3057\u307e\u3059 — \u3069\u3061\u3089\u304c\u30df\u30b9\u30d7\u30e9\u30a4\u30b9\u3055\u308c\u3066\u3044\u308b\u304b\u306b\u5fdc\u3058\u307e\u3059\u3002<\/p>\n<\/p><\/div>\n

\n 4<\/span><\/p>\n
\u30a8\u30b0\u30b8\u30c3\u30c8<\/div>\n

\u4fa1\u683c\u304c\u57fa\u6e96\u4fa1\u683c\u306e\u8a31\u5bb9\u7bc4\u56f2\u5185\u306b\u623b\u3063\u305f\u6642\u70b9\u3001\u307e\u305f\u306f\u4e0d\u5229\u306a\u52d5\u304d\u3067\u30b9\u30c8\u30c3\u30d7\u30a2\u30a6\u30c8\u304c\u767a\u52d5\u3057\u305f\u6642\u70b9\u3067\u6c7a\u6e08\u3057\u307e\u3059\u3002<\/p>\n<\/p><\/div><\/div>\n

\u6570\u5024\u4f8b<\/h3>\n
\n BTC\/USDT — Bybit\u3067One-Leg\u30ed\u30f3\u30b0\uff08\u57fa\u6e96: 4\u53d6\u5f15\u6240\u30df\u30c3\u30c9\uff09<\/span>
\n# tick observation<\/span>
\nBybit bid 43,180<\/span> ask 43,184<\/span>
\nMid (Binance, OKX, Kraken, Coinbase) 43,232<\/span>
\n# dislocation<\/span>
\nspread = 43,232 − 43,184 = +48 USDT<\/span> # Bybit underpriced<\/span>
\nthreshold = +18 USDT<\/span>   → pass<\/p>\n

# trade<\/span>
\nsize = 0.20 BTC<\/span>
\nentry (Bybit ask) = 43,184<\/span>
\nexit (when Bybit mid ≥ 43,225) target = 43,225<\/span>
\nfees (taker 0.055% × 2) = 9.51 USDT<\/span>
\nexpected slippage on entry\/exit = 3.20 USDT<\/span><\/p>\n

# P&L if convergence completes<\/span>
\ngross = (43,225 − 43,184) × 0.20 = +8.20 USDT<\/span>
\nnet = 8.20 − 9.51 − 3.20 = −4.51 USDT<\/span> # too small<\/span><\/p>\n

# bot rejects: spread (after fees) is below threshold<\/span>
\n# bot fires only on dislocations >= 30 USDT (typical for 0.2 BTC size)<\/span>\n <\/div>\n

\u3053\u306e\u4f8b\u306f\u3001\u624b\u6570\u6599 + \u30b9\u30ea\u30c3\u30da\u30fc\u30b8\u306e\u30b2\u30fc\u30c8\u5224\u5b9a\u304c\u91cd\u8981<\/strong>\u3067\u3042\u308b\u7406\u7531\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u300248 USDT\u306e\u751f\u306e\u4e56\u96e2\u306f\u9b45\u529b\u7684\u306b\u898b\u3048\u307e\u3059\u304c\u30019.51 USDT\u306e\u30c6\u30a4\u30ab\u30fc\u624b\u6570\u6599\u30683.20 USDT\u306e\u60f3\u5b9a\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\u3067\u6d88\u3048\u3066\u3057\u307e\u3044\u307e\u3059\u3002Bot\u306e\u95be\u5024\u30ed\u30b8\u30c3\u30af\u306f\u3053\u306e\u53d6\u5f15\u3092\u62d2\u5426\u3057\u3001\u3088\u308a\u5927\u304d\u306a\u4e56\u96e2\u3092\u5f85\u3061\u307e\u3059\u3002<\/p>\n

\n
\n
\u5f37\u307f<\/div>\n