Many renters are searching for and utilizing strategies like rental arbitrage to put some muchneeded money into their pockets. Airbnb rental arbitrage is the act of renting a property longterm and then rerenting it shortterm on vacation rental sites like Airbnb or Vrbo.Arbitrage pricing theory (APT) is an alternative to the capital asset pricing model (CAPM) for explaining returns of assets or portfolios. Loose Definition of Arbitrage: A trading strategy that earns something from nothing, no matter how the market evolves in the future. This form is for members of the Civil Arbitration Panel who provided a Court-Ordered Arbitration pursuant to Local Rule, Title 3, Division 2. Arbitrage-free valuation is the value of an asset or financial instrument based solely on the real performance or cash flows that it generates. A market model is arbitragefree if and only if it has a riskneutral probability measure. This is the fundamental theorem of asset pricing.