Perpetual contract funding rate arbitrage refers to the simultaneous execution of two transactions in the spot and perpetual contract markets, with the same underlying asset, opposite directions, equal quantities, and offsetting profits and losses. The goal is to profit from the funding rates in perpetual contract trading. Compared to conventional investments, funding rate arbitrage often yields more stable returns with lower risk. It is unaffected by price fluctuations, ensuring arbitrage opportunities and positive returns regardless of market conditions. Although the risk of capital loss in funding rate arbitrage is very low, it still exists. However, overall, it is a strategy with a high investment return ratio.