Cross-market routes
Scope triangular arbitrage, CEX–CEX, DEX–DEX and CEX–DEX routes around selected instruments and permitted interfaces. Define quote freshness, available balances, fee assumptions and the response when one leg executes while another becomes unavailable.
Spot, futures and funding
For spot–futures, funding and basis workflows, specify contract selection, sizing relationships, settlement inputs and unwind conditions. Document how funding estimates, margin changes, expiry and transfer dependencies enter the decision process rather than treating a displayed spread as a realised result.