Logical Graphs LLC

Saturday, December 31, 2022

Valuation, Kujira portfolio: 2022-12-31

invested: $11,559.66
value: $10,056.70
net gain: -$1,502.96
δ yesterdæg: $68.98
APR: -63.28%

staked: $334.82
wallet: $1,173.406
order book bids: $6,013.30
Supply: $1,189.66
Borrow: -$358.358
LPs: $1,583.76
ORCA liquidation Bids: $120.120

total assets: $10,056.70
matches value: TRUE
discrepancy: $0.00

PnL

@TeamKujira FIN order books: 2022-12-30

Profit: $7.625

Loss: $79.481

subtotal: -$71.856

fees: $0.001

commission: $0.245

total costs: $0.246

Total profit (or loss): -$72.101 on 7 trades

average: -$10.300 per trade

pnl sources

Assets

2022-12-31 wETH arb

Let's start our next arb!

I ask ./vern, my main man, ./vern how to arb $wETH.

./vern sez:

wETH,USK,ATOM,KUJI,axlUSDC,wETH

That looks reasonable. I run the gantt chart

...and place my first order on this $wETH-arb:

2022-12-31 placed: 0.02003 $wETH -> _ USK, SELL at 1187.31 fulfilled

axlUSDC/USK arbitrage

How I arb $USK using $FURY on @TeamKujira FIN FURY/USK order book.

I placed a buy-order of 50 USK of ~12k $FURY
that hits
I placed a sell-oder of that ~12k $FURY at 10% higher price.

As you see:

I'm now collecting 56 $USK, or 10% more $USK, from that sell-order.

Conversely, I arb both $axlUSDC and $USK on the axlUSDC/USK order book.

This time I'm arbing $axlUSDC (OR. AM. I???): I placed sell orders of $axlUSDC for 50 and 37.5, sold for $USK, now I'm buying back at 51 and 38 $axlUSDC.

axlUSDC/USK is a no-brainer arb-machine!

Do I rest on those trades?

Nosirree.

I turn those buy-orders around to sell-orders, again, a bit higher than I bought.

THEN! Since axlUSDC/USK is so freek'n whack, I put in three buy-orders for deeply discounted axlUSDC-bargains.

Friday, December 30, 2022

axlUSDC/USK: weird

This is a follow-up to the simple arb post.

Okay, on @TeamKujira blockchain, we can all agree that we HAVE $axlUSDC, but we WANT $USK, right? We can agree, yes?

So, given that:

The axlUSDC/USK order book has got to be the weirdest thing in the Blockaverse. Bar none.

I 'sold'(?) $axlUSDC? No: I was BUYING $USK.

Weird.

So, this weird-o order book, axlUSDC/USK, is 🔥🔥🔥

I claimed three 'sales': so I 'sold' $axlUSDC.

So, when I want to make profit on the arb I 'buy' the $axlUSDC back, but at a LOWER(!!!) price

Sell high; buy low to profit on this order book

I place 3 new sell-orders.

But, as I placed these sell-orders, two of them filled, immediately. Like I said: axlUSDC/USK is 🔥🔥🔥. So, I placed moar sell orders, then I matched what I 'sold' with buy-orders, but, remembering to set the price lower on the $USK I'm using to 'buy' $axlUSDC.

Follow?

This is how arbitration on the axlUSDC/USK order book works: you first 'sell' $axlUSDC at price x, then, when that order is fulfilled, you 'buy' back it at price x-ε.

What am I really arbing? $axlUSDC or $USK?

'Yes' 🤓

I want to grow my $USK-bag, but growing both is fine, too.