The article explores sophisticated statistical arbitrage strategies in the cryptocurrency market, highlighting its potential to capitalize on price inefficiencies for advanced traders. It outlines several strategies such as pair trading, basket trading, and high-frequency trading, providing real-world examples like cross-exchange arbitrage on Gate. The content addresses risks involved, like model risk and market volatility, emphasizing the need for robust risk management and technological proficiency. Suitable for quantitative traders, it offers insights into evolving strategies, ensuring readers can quickly grasp core principles and implementation techniques. Keywords: statistical arbitrage, crypto, trading strategies, Gate.