HOWTO arb axlUSDC on @TeamKujira FIN using an intermediary token

HOWTO arb $axlUSDC on @TeamKujira FIN using an intermediary token.

1. Choose a token you could care less about.

2. Check to make sure the order book has the volume to support your trading level. If you're trading 1,000 tokens, and the order book volume is 30.2: YNGMI, m8.

3. KNOW the token ... that you don't give a fig about, yes: but know its cycles and patterns.

4. Place a buy limit order and wait for the dip.

5. When that buy-order is fulfilled, place a sell limit order with those tokens and wait.

axlUSDC: arbed, ... thanks to XYZ-token.

Alternate Approach

Alternatively, same but different arb on $axlUSDC.

Some tokens are continuously hyped, like: 1,000s of tweets on the twitterz, even though they don't have support structures, like volume nor protocol dApps on their blockchains. Let's call this token $HYPT.

After $HYPT gets hyp't on social media, there are going to be buyers who are ... 'sad' (?) that this token didn't 10x in 3 μsecs, as promised. That's when FUD kicks in.

FUD: Fear, Uncertainty, Doubt

This is when 'unFOMO' kicks in and FUD causes a run which drops the price from, say, $2.60 a token to $1.59 a token.

I'm talking about $HYPT.

Set a buy limit order when that happens.

One of two things happen: 

1. $HYPT hits bottom, ... then keeps going down. You lose.

Hey. I didn't say this was risk-free, did I?

THIS IS NOT RISK-FREE.

2. People become less frothing-at-the-mouth rabid sell-off'rs and the price restores, ... slightly. Not 'restores,' then.

At that point, your buy limit order pops.

So, then, not 'restores,' but buzzards swoop in, sensing a bargain on an undervalued token (which is a weird thing to say for a worthless token, see above, but anyway), propping up the price of the token.

You set a sell limit order after your buy-order hit, right? Because the buzzards, or the next wave of hyp'd (because there's ALWAYS a next wave of hyp'd), propping up the price, rings the cherries on your sell limit order.

DING!

axlUSDC: arb'd, ...thanks to '$HYPT'.

Exhibit A: