There are many smart people in the market right now. If there really were high-profit arbitrage opportunities with significant deviations, large players would definitely calculate and rush in to bring it to a fair price.
If you don't have much experience, don't think about arbitraging to make a big profit; that kind of arbitrage might just be a trap for you.
For example, previously with TRB, going long on BN, shorting OK, with 5x leverage and a daily interest rate of 1%. As a result, one night it skyrocketed, and the premium expanded to 40%. Don't say 5x; even 1x would have been arranged for you.
Another thing is, in a bull market, never play around with locked position arbitrage or return arbitrage, anything that requires a certain time to unlock, and still needs to hedge. Not to say it's 100% a trap, but if you happen to encounter a major upward trend, it could leave you breathless.
