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From Zero to $5 M: How We Minted Money Arbitraging Hyperliquid vs. HyperEVM
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From Zero to $5 M: How We Minted Money Arbitraging Hyperliquid vs. HyperEVM
Encrypting Legacy Business: Hybrid Innovation Becomes Web3’s Main Narrative
At its core, using Web3 infrastructure to host the time-tested business logic of Web2 models is the same playbook behind some Web3 projects that “back-door list” and the recent wave of U.S. public companies stockpiling crypto assets. Take a look at the projects now favored by primary-market investors and you’ll notice a common thread: they all lean toward hybrid innovation, plugging proven Web2 business logic into Web3 rails. • Lightyear ports the logic of traditional equity ETFs on-chain. • ...
PrismaX: The $11M Super Project Surging in Popularity with Unlimited Potential!
Project IntroductionPrismaX is an innovative blockchain project dedicated to delivering efficient and transparent decentralized services. Leveraging smart contracts and cross-chain interoperability, it supports diverse digital asset management and financial applications while optimizing transaction efficiency and scalability. Built with a modular architecture, PrismaX prioritizes security and user experience. Its native token, PMX, powers community governance and ecosystem incentives, driving...
A Comprehensive Analysis of Dubai’s RWA Regulation: From Licensing to Sandbox Implementation
Amidst the global trend of regulating virtual assets, Dubai has emerged as a crucial hub for Real-World Assets (RWA) due to its forward-looking strategies. This article delves deeply into Dubai’s RWA regulatory framework, covering the regulatory frameworks of VARA and DFSA, types of licenses and business scopes, the approval process for ARVA issuance, requirements for reserve assets, disclosure details, and DFSA’s newly launched tokenization regulatory sandbox program. It provides a comprehen...
The 2-Second Window That Paid 7 Figures
HyperEVM blocks tick every 2 s; Hyperliquid spot ticks every 250 ms.
That 1.75 s delta is the world’s simplest edge: HYPE can print “stale” on-chain while the off-chain order-book has already moved.
We turned the gap into a 24/7 assembly line: buy the lag, sell the real price, hedge flat, repeat.
Week 0 – MVP in 48 h
One Python loop, two RPC endpoints.
Trigger: 15 bp spread after fees.
First day: 200 k USD volume, +400 USD PnL.
Two competitors showed up; we decided to starve them.
The Fee-Rebate Kill-Shot
April: Hyperliquid introduced HYPE-staking rebates.
We mortgaged the flat, bought 100 k HYPE, locked it, captured 30 % maker-discount.
Breakeven spread dropped from 15 bp → 5 bp.
Competitors’ maths broke; we pushed volume to 500 M in two weeks and watched them power-down their bots mid-flight.
Scaling Walls & How We Bulldozed Them
Gas ceiling – 2 M/block, ~8 arb-txs max.
→ 120 fresh wallets, round-robin submission, dynamic ROI filter.
Taker fatigue – 2.45 bp lost per leg.
→ Became maker on Hyperliquid, quoting 1-tick wide, saving fee + capturing wicks.
Stable-coin slippage – USDT₀ (EVM) vs USDC (Hyperliquid).
→ Skip the swap: keep dual-treasury, rebalance only when delta > 1.2 M USDC or 300 k USDT₀.
Perp untouched – funding 5–15 bp/8 h, basis 3–8 bp.
→ Added delta-neutral perp leg, collected 600 k USD in funding alone.
Risk Stack – No Luna-Style Surprises
Max block-long inventory: 80 k HYPE (≈ 5 M USD).
Auto-liquidate if delta > 100 k HYPE for 45 s.
Progressive ROI: bigger clip → higher hurdle.
Zero socialised leverage; every position is fully hedged in the next block.
Team of Two – The Only Org-Chart We Needed
Brother A: codes, dev-ops, infra.
Brother B: parameter tuner, liquidity scout, “human circuit-breaker”.
Daily ritual: 08:00 UTC joint Zoom, walk through fills, skew, open interest; push at most three knob-twists per day. No Slack, no Jira, no governance token—just a shared Notion board and a 2-of-3 Gnosis safe.
The Numbers That Shut Our Robot Down
8 months
125 B USD two-way volume (≈ 5 % of Unit chain lifetime)
5 M USD net, after 1.2 M gas and 300 k funding payments
2 000 + hrs dev time → effective hourly wage: 2 500 USD
We have officially pulled the plug. Bot is sleeping; capital is back in stables. Season 3 incentives are rumoured to re-price the entire curve. We’ll be in the air from Istanbul to Dubai again—this time just for the coffee.
TL;DR for Copy-Cats
Speed is commoditised; cost structure is destiny.
Rebate engineering > alpha discovery.
Every 1 bp you save on leg #1 is 1 bp you can give away to starve competitors.
If you can’t draw the risk diagram on a napkin, don’t deploy.
When the arb delta closes, stop trading—start building the next edge.
The 2-Second Window That Paid 7 Figures
HyperEVM blocks tick every 2 s; Hyperliquid spot ticks every 250 ms.
That 1.75 s delta is the world’s simplest edge: HYPE can print “stale” on-chain while the off-chain order-book has already moved.
We turned the gap into a 24/7 assembly line: buy the lag, sell the real price, hedge flat, repeat.
Week 0 – MVP in 48 h
One Python loop, two RPC endpoints.
Trigger: 15 bp spread after fees.
First day: 200 k USD volume, +400 USD PnL.
Two competitors showed up; we decided to starve them.
The Fee-Rebate Kill-Shot
April: Hyperliquid introduced HYPE-staking rebates.
We mortgaged the flat, bought 100 k HYPE, locked it, captured 30 % maker-discount.
Breakeven spread dropped from 15 bp → 5 bp.
Competitors’ maths broke; we pushed volume to 500 M in two weeks and watched them power-down their bots mid-flight.
Scaling Walls & How We Bulldozed Them
Gas ceiling – 2 M/block, ~8 arb-txs max.
→ 120 fresh wallets, round-robin submission, dynamic ROI filter.
Taker fatigue – 2.45 bp lost per leg.
→ Became maker on Hyperliquid, quoting 1-tick wide, saving fee + capturing wicks.
Stable-coin slippage – USDT₀ (EVM) vs USDC (Hyperliquid).
→ Skip the swap: keep dual-treasury, rebalance only when delta > 1.2 M USDC or 300 k USDT₀.
Perp untouched – funding 5–15 bp/8 h, basis 3–8 bp.
→ Added delta-neutral perp leg, collected 600 k USD in funding alone.
Risk Stack – No Luna-Style Surprises
Max block-long inventory: 80 k HYPE (≈ 5 M USD).
Auto-liquidate if delta > 100 k HYPE for 45 s.
Progressive ROI: bigger clip → higher hurdle.
Zero socialised leverage; every position is fully hedged in the next block.
Team of Two – The Only Org-Chart We Needed
Brother A: codes, dev-ops, infra.
Brother B: parameter tuner, liquidity scout, “human circuit-breaker”.
Daily ritual: 08:00 UTC joint Zoom, walk through fills, skew, open interest; push at most three knob-twists per day. No Slack, no Jira, no governance token—just a shared Notion board and a 2-of-3 Gnosis safe.
The Numbers That Shut Our Robot Down
8 months
125 B USD two-way volume (≈ 5 % of Unit chain lifetime)
5 M USD net, after 1.2 M gas and 300 k funding payments
2 000 + hrs dev time → effective hourly wage: 2 500 USD
We have officially pulled the plug. Bot is sleeping; capital is back in stables. Season 3 incentives are rumoured to re-price the entire curve. We’ll be in the air from Istanbul to Dubai again—this time just for the coffee.
TL;DR for Copy-Cats
Speed is commoditised; cost structure is destiny.
Rebate engineering > alpha discovery.
Every 1 bp you save on leg #1 is 1 bp you can give away to starve competitors.
If you can’t draw the risk diagram on a napkin, don’t deploy.
When the arb delta closes, stop trading—start building the next edge.
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