👉 In a legal context, an "arbitrage" refers to a situation where two or more parties engage in transactions that are designed to benefit from one another's actions. This can take various forms such as buying and selling assets at different prices, trading derivatives, or engaging in speculative trading. Arbitrages are typically characterized by the presence of multiple parties who agree on a fair price for the same asset or commodity. The goal is often to achieve a win-win situation where both the traders involved