Due to last night's XPL event, there's a 40% arbitrage play between HL<>Binance/Bybit
Short HL - Long Bybit until gap closes: free arb trade
"""free""" since risk is huge, mass liquidations can occur in HL, similar to what happened last night
See explanation below by MLM
MLM
@mlmabc
08-28
It was not Justin Sun, but @Techno_Revenant who made over $38M in less than 20 minutes yesterday on XPL on Hyperliquid.
(He posted a tweet 1 hour after the event, which has now been deleted: https://x.com/techno_revenant/status/1960479290371260886…)
Between 21:36:05 and 21:51:27, he longed 9,420,787 XPL (worth
900% funding
either way, plasma @ 0.55 is x11 from ICO, gmi
BTW this can also be longed in Lighter (for the points) instead of Bybit
I have 3 invites. If anyone wants one, DM me
Invites are somewhat hard to get at the moment, Lighter is gated. So: if high volume and can send wallet, shoot a DM for an invitation
⚡️
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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