I write on any products I try and give genuine insights. No mental masturbation, no fluff. Just honest feedback
I write on any products I try and give genuine insights. No mental masturbation, no fluff. Just honest feedback
Subscribe to Skin in the Game
Subscribe to Skin in the Game
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
The Pump.fun token sale presents an unique opportunity to arbitrage between different exchanges offering the sale whilst capturing the token upside if the ICO does well.
Currently, Hyperliquid and Binance both have pre-perpetuals for $PUMP ahead of it's sale.
At the time of writing, PUMP on Hyperliquid trades at a ~5.5% premium to Binance. This is because Hyperliquid's traders are as a collective more long heavy across all alts (as can be seen by the increased funding rate on Hyperliquid too.)
Pump is also trading at 0.006 currently on the premarket which reflects a $6b mcap, 50% higher than it's ICO price.
1) Open a long on Binance and a short on Hyperliquid at the same notional value. This should effectively give you a 5.5% profit if the arb between the exchanges close.
2) During the Pump.fun ICO, buy the same amount that you longed/shorted. (i.e if you shorted $1000, you should buy $1000.)
Buy $1000 of the ICO and sell at $6b. Close your longs and shorts. Effectively making 50% and more if the exchanges arb did not widen.
Do not participate in the ICO sale. Instead, as price does not do well, the arb between Binance and Hyperliquid should effectively close as traders close their longs, netting you a 5.5% profit.
The Pump.fun token sale presents an unique opportunity to arbitrage between different exchanges offering the sale whilst capturing the token upside if the ICO does well.
Currently, Hyperliquid and Binance both have pre-perpetuals for $PUMP ahead of it's sale.
At the time of writing, PUMP on Hyperliquid trades at a ~5.5% premium to Binance. This is because Hyperliquid's traders are as a collective more long heavy across all alts (as can be seen by the increased funding rate on Hyperliquid too.)
Pump is also trading at 0.006 currently on the premarket which reflects a $6b mcap, 50% higher than it's ICO price.
1) Open a long on Binance and a short on Hyperliquid at the same notional value. This should effectively give you a 5.5% profit if the arb between the exchanges close.
2) During the Pump.fun ICO, buy the same amount that you longed/shorted. (i.e if you shorted $1000, you should buy $1000.)
Buy $1000 of the ICO and sell at $6b. Close your longs and shorts. Effectively making 50% and more if the exchanges arb did not widen.
Do not participate in the ICO sale. Instead, as price does not do well, the arb between Binance and Hyperliquid should effectively close as traders close their longs, netting you a 5.5% profit.
No activity yet