Table of Contents Arbitrage: Unlocking Opportunities in Financial Markets Understanding Arbitrage 1. Spatial Arbitrage 2. Temporal Arbitrage 3. Statistical Arbitrage Examples of Arbitrage 1. Merger Arbitrage 2. Currency Arbitrage 3. Risk Arbitrage The Role of Arbitrage in Efficient Markets Risks and Challenges of Arbitrage 1. Execution Risk 2. Transaction Costs 3. Regulatory and Legal Considerations...