arbitrage vs merchandise

arbitrage and merchandise both are nouns.

Word	Noun	Adjective	Verb	Adverb
arbitrage	Yes	No	Yes	No
merchandise	Yes	No	Yes	No

As verbs, merchandise is a hypernym of arbitrage; that is, merchandise is a word with a broader meaning than arbitrage:

Other hypernyms of arbitrage include trade.

arbitrage (noun)	merchandise (noun)
a kind of hedged investment meant to capture slight differences in price; when there is a difference in the price of something on two different markets the arbitrageur simultaneously buys at the lower price and sells at the higher price	items for sale to the individual consumer
	branded products meant to promote another product, especially films and pop groups

arbitrage (verb)	merchandise (verb)
practice arbitrage, as in the stock market	engage in the trade of