Logical Graphs, LLC Profile picture
Jun 15 10 tweets 7 min read Twitter logo Read on Twitter
I recently (2023-06-10) took out a leveraged short against 0.05 $wETH on @TeamKujira blockchain.

HOWTO: leverage short on @TeamKujira, even though they don't provide that for you on FIN, ... yet: logicalgraphs.blogspot.com/2023/05/howto-…

2023-06-10 entry: 0.05 $wETH 1.6xSHORT, $1,803.87-per Image
You see that my SPREADSHEETSZORXEN! sez to close the short at $1,639-per (PT).

You also see that @osmosiszone quotes $wETH at $1,632-per.

Yeup. Time to close this short.

But here's the thing ... Image
"What is 'the thing'?" you ask.

Well, besides being John Carpenter's Magnum Opus, the thing is this:

Some ... 'very generous soul' is willing to buy $wETH at 1,557.89-$USK-per on wETH/USK FIN board.

Translating to $axlUSDC, that $1653-per, or: $20-more-per than @osmosiszone 😎 ImageImage
Hey, if YOU want to buy $wETH at $20 above market price, then I will HAPPILY SELL you ALLES teh $wETH that you want to buy!

No. problem. what. so. ever.

Upshot: ALWAYS! always-always, as an arbiteur, look for these inefficiencies in the marketplaceSSSz, even across blockchains.
SO!

*I withdraw funds necessary to buy $wETH both to close the short AND to sell on the wETH/USK board.
*I bridge that liquidity to @osmosiszone
*then swap $axlUSDC for $wETH
*then bridge the $wETH back using IBC transfers. ImageImageImageImage
I close my $wETH short by returning the borrowed $wETH to @TeamKujira Ghost

2023-06-15 exit: 0.05 $wETH, $1,632-per

ROI: 10.53%, annualized to 630% APR 🎉🎉🎉

Holy... wow. 😱

Consequently, this frees up the 278 $USK that I supplied as collateral.

This short: filled with WIN! Image
The $wETH short-win-goodness gets even better, as I have 0.1 $wETH I bought at $1,632-per on @osmosiszone that I sell on @TeamKujira wETH/USK FIN at 1,557.89-$USK-per, or $1,653-per.

That order fills instantaneously.

2023-06-15: SELL 0.1 $wETH, 1,557.89-per
ROI: 1.29%, ∞% APR ImageImage
What are the takeaways?

* borrowing is good or bad?

Depends.

Borrowing an asset falling in price is good, so if you know your token and you see it's going down, you can borrow then sell it now to make profit in the short sale when you buy it back at a lower price.
Another takeaway:

* inspiration

If you see a token-price-trend, know this: not everyone does.

LEVERAGE your insight: look for inefficiencies in the marketplace, buying tokens underpriced and selling tokens overpriced.

That's what we arbiteurs do: bring balance to the galaxy. Image
This 🧵is rolled up as an HOWTO on my blog at logicalgraphs.blogspot.com/2023/06/closin…

Other HOWTOs, articles, pensées, and #cryptocurrency resources are available on my blog at logicalgraphs.blogspot.com/p/crypto-howto…

Do you like this 🧵? RT the OT --v and share the ♥️

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More from @logicalgraphs

Jun 16
Hej! Hej!

Let's do the ETHBTC-THANG!

The ETHBTC-THANG!: logicalgraphs.blogspot.com/p/ethbtc-exper…

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! ImageImageImageImage
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. ImageImageImageImage
What other activities?

Liquidations, for one.

I check @TeamKujira ORCA. Nupe, no liquidations for either $ETH nor $BTC. Image
Read 7 tweets
Jun 16
Let's talk about the KUJI/ATOM @TeamKujira FIN board for a hot minute

I've talked about it before: logicalgraphs.blogspot.com/2023/05/kujira…

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 ImageImage
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

ROI: 7.74%, annualized to 1,413% APR Image
Read 11 tweets
Jun 15
Let's do the ETHBTC-THANG!!

The ETHBTC-THANG!!: logicalgraphs.blogspot.com/p/ethbtc-exper…

I record the $ETH and $BTC price-quotes from @osmosiszone into my SPREADSHEETSZORXEN! which sez:

* swap 0.0127 $BTC

But we also have the $ETH and $BTC to incorporate from @arbitrum and @avax.

On y va! ImageImageImageImage
WHAT asset will I be buying?
The SPREADSHEETSZORXEN ratio favors buying $ETH

HOW MUCH $ETH will I be buying?
Trades indicate: $1,196.38-worth

WHERE will I buy $ETH?
The @TeamKujira FIN wETH/axlUSDC board has a downward trend that looks to give a better trade than @osmosiszone ImageImage
I withdraw liquidity from $axlUSDC @TeamKujira Ghost lend and place a buy-order for $ETH on wETH/axlUSDC FIN order book.

When this order hits, I'll record it into my SPREADSHEETSZORXEN! ImageImage
Read 8 tweets
Jun 15
Speaking of leveraged shorts.

I close my $ETH 3.2xSHORT on @arbitrum @GMX_IO

2023-03-15 entry: 1,222 $USDC, $1,803-per
2023-06-15 exit: 1,312 $USDC, $1,632-per

ROI: 7%, annualized to 29% APR ImageImage
I also shore-up my $BTC 5xLONG position as it's in immediate danger of liquidation, adding 0.01 $BTC to my 0.03 $BTC 5xLONG.

I took out a long on $BTC and it goes down. Go figure. 🙄 ImageImage
There are also yields to compound and to collect, so I do that.

@GMX_IO used to be a yield-machine, but now yields are at 8% APY (computed). Image
Read 19 tweets
Jun 14
I finna have time to run my monthly report on PnL ('profits and losses') on @TeamKujira FIN and ORCA boards, ... NOT! 😅
PnL

@TeamKujira FIN order books: 2023-05-31

Profit: $471.374
Loss: $313.897
subtotal: $157.478
fees: $0.012
commission: $3.185
total costs: $3.197

Total profit (or loss): $154.280 on 64 trades
average: $2.411 per trade

6 liquidations at a 17.86% premium (avg)

Assets in play ImageImageImage
... which means I can finna do my daily income/losses report, up to 2023-05-31.

Daily #cryptocurrency income report, 2023-05-23 - 2023-05-31: -$1,704.72 *

Incurred losses due to perpetuals being liquidated.

*does not include auto-restaked yields nor s- nor x-token gains ImageImageImageImage
Read 4 tweets
Jun 14
Let's do the ETHBTC-thang!

the ETHBTC-thang: logicalgraphs.blogspot.com/p/ethbtc-exper…

Yes, I know it's early today for this, but I had a managers' meeting at work, so, ... why not?

I plug in the $ETH and $BTC into my SPREADSHEETSZORXEN! which tells me:

*swap 0.0127 $BTC

So, let's do that! ImageImageImageImage
I do the things to swap $BTC to $ETH on @osmosiszone (the best place for me to swap, at present).

Note that I'm swapping the SAME amount of $wBTC, but I'm getting a wee bit MORE of $wETH back in the swap today as compared to yesterday.

That is the power of the ETHBTC-ratio. ImageImageImage
Also, from yesterday's 無 $BTC arb, I arb'd the $axlUSDC to $USK (because the wETH/USK quote was lower than @osmosiszone at the time).

I take that $USK and place a buy-order on the wETH/USK board, as the ETHBTC ratio sez: 'buy $ETH' (it doesn't say that LITERALLY, but still). ImageImage
Read 7 tweets

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