# GCR twitter notes

**Published by:** [zhipeng.eth](https://paragraph.com/@zhipeng-2/)
**Published on:** 2024-06-04
**URL:** https://paragraph.com/@zhipeng-2/gcr-twitter-notes

## Content

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

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