# GCR twitter notes

By [zhipeng.eth](https://paragraph.com/@zhipeng-2) · 2024-06-04

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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](https://x.com/search?q=%24AR&src=cashtag_click) 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

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*Originally published on [zhipeng.eth](https://paragraph.com/@zhipeng-2/gcr-twitter-notes)*