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The Jury is In: 3.57% Realized in Riskless Futures Arbitrage in <24 Hrs
On the turn of Huobi’s 24hour interval to show new and updated stats on their verifiable interface, we sit at 3.57% returns.
That’s enough to bring our total PnL — including the first day, doing dev to get this thing working (read: the entire sunk cost of dev), positive.
Tomorrow has 1/3 more of a day to make additional revenues, as I reset this strategy 16hrs ago at about 0% net returns in order to increase leverage:
Follow directions in the previous post!
https://hacks.substack.com/p/huobi-trader-live-now-we-watch
Futures Cash n Carry Arbitrage
According to Investopedia, Futures Cash n Carry Arbitrage is:
What is Cash-and-Carry-Arbitrage
Cash-and-carry-arbitrage is a market neutral strategy combining the purchase of a long position in an asset such as a stock or commodity, and the sale (short) of a position in a futures contract on that same underlying asset. It seeks to exploit pricing inefficiencies for the asset in the cash (or spot) market and futures markets, in order to make riskless profits. The futures contract must be theoretically expensive relative to the underlying asset or the arbitrage will not be profitable.
And the reverse?
