2021-05-14:

2 tweet thread Let's have some fun with arbitrage Binance is opening up trading for Arweave in 3 hours ($AR); you should expect an opening wick on price, far above the spot on other exchanges But you don't want to take the risk of holding $AR at this price part 2...

1] Buy spot $AR on Huobi, while you 2] Short $AR perps on FTX 3] Deposit your $AR on Binance 4] Sell the wick, and close your hedge short

There is no risk of losing money with this play [other than minor slippage], but tremendous possible upside This will work on many listings

2021-05-14:

2 tweet thread Let's have some fun with arbitrage Binance is opening up trading for Arweave in 3 hours ($AR); you should expect an opening wick on price, far above the spot on other exchanges But you don't want to take the risk of holding $AR at this price part 2...

1] Buy spot $AR on Huobi, while you 2] Short $AR perps on FTX 3] Deposit your $AR on Binance 4] Sell the wick, and close your hedge short

There is no risk of losing money with this play [other than minor slippage], but tremendous possible upside This will work on many listings