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Jun 16 11 tweets 5 min read Twitter logo Read on Twitter
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
Now, there are some interesting things to call out in KUJI/ATOM-'arbs.'

*What is the price of $KUJI on entry? on exit?
*What is the price of $ATOM on entry? on exit?

Because, ICYMI: both tokens' prices have swung WILDLY these past few days.

How do price-swings affect the arb?
The answer for $KUJI-price/$ATOM-price questions is:



That is to say, the prices of these tokens are not important to this arb. What's important is the RATIO of their prices.

If you sell at a higher ratio, then buy-back at a lower ratio,

THE ARB WORKS

REGARDLESS OF PRICES!
THAT, my dear frenz, is the magic of arbs on the KUJI/ATOM FIN board: you're not looking at the prices of $KUJI or $ATOM, you're looking at the ratio between them. When the ratio trends up, BOOM!, you ride that trend, buy low, then sell high, and it also works, vice-versa. Image
You want more magic?

Here's more magic.

The 24h-volume of the KUJI/ATOM board is 4k, ... on a quiet day. That means the likelihood of your trade getting executed in the maelstrom of activity is much higher on this board than on most other boards on @TeamKujira FIN. Image
Do you want even more magic?

Okay, then.

Because of the 'mystical'-ratio of the KUJI/ATOM board, that has indirect bearing on price...

Because it's a high-volume board, ...

*My arbitration on axlUSDC/USK is ~1% gain, every arb.
*My arbitration on KUJI/ATOM is regularly 10%.
"BUT HOW DO I GET STARTED, o, el munificent geophf?"

I say: start smol, and start focus. How? Like this.

Take, e.g. 50 $KUJI, sell it at one limit (order), then when that order clears, buy it back with the $ATOM at a lower limit (order).

Presto: you have more $KUJI! IT WORKED!
Alternatively, if you're jones'n for an $ATOM arb, then buy $ATOM with $KUJI with a buy limit order, and, when that fills, sell the $KUJI at a higher price (limit order) and WHAMMO! MORE $ATOM! IT WORKED!

See?

Easy peasy! Lemon squeezy!

Give it a go. The KUJI/ATOM board is 🪄
This🧵is rolled up as an article on my blog at logicalgraphs.blogspot.com/2023/06/fin-ku…

Other articles, pensées, HOWTOs, 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 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 15
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
Read 10 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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