Let's arb $OSMO with @TeamKujira Ghost.
First problem: Ghost doesn't have any $OSMO to lend.
No problem: I lend the $OSMO, then I borrow that.
See?
./vern, my main man, ./vern recommends the following arb-path:
- OSMO,axlUSDC,
LUNA,USK,KUJI,ATOM,axlUSDC,OSMO
So I place the first order
- 2023-04-28 placed: 30 OSMO -> _ axlUSDC, SELL at 0.799 filled
$LUNA just shot up 20¢, changing the arb significantly (and invalidating the LUNA-arb. Yay.), so ./vern, my main man, ./vern, reroutes via KUJI/ATOM, and, as soon as I submit that order, it fills (faster, even, than the $OSMO sell order, smh).
And a change again, simplifying the path back to $axlUSDC then out to $OSMO.
This simplification is fine by me.
- 2023-04-28 placed: 32.8142 KUJI -> _ axlUSDC, SELL at 0.763 filled
And we head out with a buy order on $OSMO
But now it's better to swap to $USK and buy $OSMO that way.
We started with 30 $OSMO, and we arbed to 31.645 $OSMO, in a twisty-turny fashion.
While I was pursuing a Ghost-arb with ORCA, my $OSMO buy-order popped on FIN, so now I close my $OSMO borrow. I lend the $OSMO I earned from the arb to Ghost, so somebody else can do this now, and earn me extra 'x' on my 'x'-tokens. See?
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