1.5 Arbitrage vs directional trading

Important distinction:

• Arbitrage:

  • You don’t care where SOL trades tomorrow.

  • You just care that for a brief moment, SOL is cheaper on venue A than on venue B and you can lock that difference.

  • The “edge” is the spread, not the trend.

• Directional trading:

  • You buy SOL because you think it will go up.

  • Your risk is the entire price path of SOL against your position.

  • Your “edge” is your prediction ability, not an immediate mispricing.

Capture OS is designed for arbitrage thinking:

• It surfaces short-lived inefficiencies.

• It assumes you want market-neutral edges, not long/short bets on coin price.

• It’s about execution quality and risk discipline, not “I feel bullish”.

You can still use Capture OS data as part of a broader directional strategy (e.g. understanding where liquidity flows), but its core DNA is:

Find spreads. Quantify them. Rank them. Let you decide what to do.