After plugging in the quotes of $ETH and $BTC from @osmosiszone into my SPREADSHEETSZORXEN! it sez:
*swap 0.0128 $BTC
Ooh! 0.0001 more $BTC than yesterday! SPICY! 🌶️
Let's do this!
I do the ETHBTC-THANG!: withdrawing $BTC, bridging it to @osmosiszone to swap to $ETH (although I should have checked the @TeamKujira FIN boards, first), then bridging the $ETH back.
Am I done?
Yes, if I were just doing a swap, but there are other ETHBTC activities to check.
What other activities?
Liquidations, for one.
I check @TeamKujira ORCA. Nupe, no liquidations for either $ETH nor $BTC.
But I want to hammer home its importance to you, my dear fren, as a trader.
Why? I just made 7% ROI, annualized to 1.4k% APR, on a $KUJI-arb on that board
FIRST! Let's go over the particulars of this arb.
1. I borrowed 500 $KUJI 2. I sold it for $ATOM on KUJI/ATOM (limit order) 3. I bought the $KUJI back from that $ATOM on KUJI/ATOM (limit order) 4. I repaid the borrow. 5. I profited.
It's.
That.
Simple.
Specifically,
2023-06-12 entry: 500 $KUJI -> 49.4 $ATOM, SELL at 0.0988
2023-06-14 exit: 49.4 $KUJI -> 538 $KUJI, BUY at 0.0917