Make 3.79% Instant Arbitrage Profit Trading SPS and GLX Tokens on DEX

vimukthi in LeoFinance • 10 months ago

Alameda Research grew to become a multi billion dollar company starting out as a small group of traders doing arbitrage trades. Later they grew up to be a scam playing with customer funds while being more of a deep state affiliated crony capitalist cancer on cryptosphere. The main point I want to convert here is that arbitrage can be a smart thing to engage in that can lay the foundation of much bigger operations.

I have a history of publishing many articles on great arbitrage opportunities. Most of them have been related to DEC. Those who read those articles should have made good profits out of it. These arbitrage opportunities do have two main prerequisites.

Small trading volume (not useful for whales)
Interest in investing in specific assets

GLX Airdrop Being A Blessing To SPS Investors

This trade is most valuable for those who are already interested in GLX and SPS. I will keep this article short so you can get started with trading. If you have been a smart investor, you should have staked some SPS which should be giving you GLX from he Airdrop.

A Story in 3 Images

Diesel Pools vs Regular Trading

These are creating two markets for the same asset. Diesel Pool has relatively low liquidity and it is creating constant price differences. When there is a difference, there is an arbitrage. Whether you would manage to make a profit while the market conditions last is another story. The potential is most certainly there.

Best of Luck With Your Trading!

Posted Using LeoFinance ^Beta

#leoalpha #sps #glx #technology #ocd #waivio #proofofbrain #archon #leofinance

10 months ago in LeoFinance by vimukthi

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stefano.massari 10 months ago

I did not understand your article very well but due to my problems, my low cognitive skills do not make me understand the arbitrage issue well. However, I always enjoy reading your posts

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2 votes

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vimukthi 10 months ago

The basic idea is that there is the same asset at two different exchanges trading at two different prices. In the screenshots you can see,

2.05 SPS per GLX on Diesel Pool Swaps
2.13 SPS per GLX on regular HIVE-Engine trades

You can buy from the place where prices are low and sell where the prices are high. Usually these price differences get closed down fast as more trades happen. You can make few quick trades while the price difference is large enough.
!PIZZA

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1 vote

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stefano.massari 10 months ago

Thanks for this clarification,
now I understand

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jfang003 10 months ago

It looks like I was too late as the arbitrage has already balanced out the pools already. Either way, it's always nice to see things like this work out as intended and those who see it can profit.

Posted Using LeoFinance ^Beta

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2 votes

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vimukthi 10 months ago

These trades come and go all the time. You will have enough time for a good arbitrage trade eventually. Best of Luck!
!PIZZA

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xplosive 10 months ago

Alameda Research grew to become a multi billion dollar company starting out as a small group of traders doing arbitrage trades. Later they grew up to be a scam playing with customer funds while being more of a deep state affiliated crony capitalist cancer on cryptosphere.

Similarly to FTX. They also played with the money of their customers. And who knows how many other companies are doing leveraged and/or any other types of trades with the money of their customers without their knowledge. Traditional banks are doing it too, but they do not lose the funds (they often steal it by applying certain fees on the accounts of their customers).

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1 vote

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vimukthi 10 months ago

When you use a CEX, there needs to be a great deal of trust. The worst part is the public cannot audit what is going on inside these centralzied servers. In the case of FTX and Alameda Research, most of the insiders where unaware of the fraud that was going in. This is why I recommend sticking to a DEX where the public can verify things and not have to trust a central party.
!PIZZA

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1 vote

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malos10 10 months ago

But the trade should be big enought to cover the fee's that's the problem some times with this

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1 vote

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m0rt0nmattd 10 months ago

this is the problem with many small traders , we dont have enough to play like the big boys but have the same wishes

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2 votes

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vimukthi 10 months ago

HIVE-Engine trades don't have fees. You only pay when you deposit/withdraw your crypto.
!PIZZA

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india-leo 10 months ago

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torran 10 months ago

!PGM
!PIZZA

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pizzabot 10 months ago (edited)

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I gifted $PIZZA slices here:
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