Twix
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ASTER-DEX FUN TASTIC SPREAD
Breakdown of the Fun-tastic Spread
It all started at European time. On Hyperliquid there was a token called FUN, whose price was always pegged to the spot price of the SportFUN token and had the ticker FUN. At this time, the SportFUN token was being listed on Binance futures, and Hyperliquid was supposed to reconfigure their market maker so it would pull orderbook data from the SportFUN token (ticker FUN), but something went wrong.
Hyperliquid's market maker decided it would cause some chaos today and makes a global error: it starts pulling quotes for the SportFUN token (ticker FUN) not from the new pair that was listed a minute ago, as it should have been, but from the long-trading FUN token (a completely different token). This token trades 20 times cheaper relative to the SportFUN (FUN) token, but the market maker starts pulling the wrong price and draws a -99% dump, setting up limit orders for the bots.
During the price drop, there was a constant problem that prevented placing limit orders, and market orders weren't working at all. The price was falling until , at which point liquidations were happening on Hyperliquid, but it was impossible to place limit orders, and the price just kept falling.
Then, at , the price stabilized, stopped falling, and just ranged between 24 and 29. At this very moment it was possible to build a position — the market maker was actively filling people's limit orders, but literally within a minute the price hits the upper threshold at which orders could be placed.
Here's what we have at this point: the price hit the limit, it won't let you place orders higher, and the market maker doesn't want to supply tokens at this price. Here the price went into a flat at 0.003. During this period the price didn't move anywhere, and the market maker stopped filling the orderbook, and only people who had accumulated earlier were selling there, or those who wanted to build shorts, but there weren't many such people.
Exactly 10 minutes after this flat began, they removed the limit on the upper threshold for limit orders, and the price started rising. It hit the order limit again at 0.059, but here it was already impossible to trade at all: the price threshold was set so that buying was impossible, since the minimum buy threshold was higher than the upper sell order. Here the price went flat, but already at the limit disappears, and the price starts pegging to the real token price on exchanges.
That's when I sell all my tokens and lock in my fantastic profit. After that, they just pegged the token to an adequate price, and that's basically how the story ended.


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$M Arbitrage
15-50% spread
Buy $M in BSC
app.free.tech/M?from=bnb&to=… - bridge to Aptos
Deposit MEXC/Bitget
Sell Mexc/Bitger
Profit
t.me/arbtwixdiary - my diary




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$ECHO Arbitrage
3X Spread
Buy $ECHO in BSC
vault.echo-protocol.xyz/bridge - bridge to Aptos
Deposit MEXC
Sell Mexc
Profit
t.me/arbtwixdiary - my diary



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