The arbitrage opportunity that tests experience is here.
OGN officially added a large pool of about 1500 WU to the BASE chain. Today, OGN soared 30% and there was a large price difference of 18%. The BASE chain needs to wait for 7 days to cross the chain main network.
Profit: Buy spot on the BASE chain and short the Binance contract for hedging. After 7 days of cross-chain, close the position and earn the price difference. At present, the price difference is 18%. If it continues to rise, the price difference will expand.
Risks: 1. The funding rate is very negative. If the negative funding rate lasts too long, there may be losses. 2. Because of hedging, if it soars, more margin needs to be prepared, and there is a risk of liquidation.
3. Be prepared for the cross-chain bridge to arrive in 7 days.
Here are the tools you need
Exchange: https://aerodrome.finance
Cross-chain bridge: https://superbridge.app
OGN BASE chain contract: 0x7002458B1DF59EccB57387bC79fFc7C29E22e6f7