KUJI arbitrage on LP KUJI-ATOM/KUJI FIN order book

Let's arb $KUJI on @TeamKujira FIN with the LP KUJI-ATOM/KUJI order book.

Firstly, this arb takes FOR. EV. AH! to loop. 'Forever' being days and weeks instead of seconds.

How does this work?

I buy LP KUJI-ATOM with $KUJI on FIN (I set the price at 3.5570 $KUJI-per-LP).

How do I know that 3.557 $KUJI-per-LP is a good price?

This is the complicated part.

I find out the market price per LP by entering BOW and (any) liquidity to get KUJI-part, ATOM-part, and LP-count. 

These numbers I enter into my SPREADSHEETSZORXEN to get the $KUJI-per-LP price.

Option 1: Sell LP KUJI-ATOM on FIN

Now, I said "arb'n $KUJI," right? So, I COULD put the LP KUJI-ATOM right back as a sale for $KUJI, but you'll note about this order book that buys occur much more frequently than sales.

Option 2: Remove Liquidity on BOW

I already have a sell-order in place, so I'll go with 'option 2,' as it were. 

'Option 2' is this: 

1. I remove the liquidity from the LP KUJI-ATOM on @TeamKujira BOW

2. The $ATOM I use to buy $KUJI on FIN KUJI/ATOM

3. The $KUJI (and $KUJI in reserve) I bid LP KUJI-ATOM on FIN, looping the $KUJI -> LP KUJI-ATOM -> $KUJI-arb

C'est simple, ça! 😊

Post Script. How to grow KUJI-bag: staking vs. trading

p.s.: How to grow your $KUJI-bag?

I think on this often.

The above approach (OT) yielded 84 $KUJI from 73 $KUJI invested, or a 11 $KUJI gain in 15 days

ROI: 9.5%; 247.7% APR

Meanwhile, after more than 1 month, 2,600 staked $KUJI yielded 1.3 $KUJI (and other tokens)

5.31% APR