I kinda love to search for some arbitrage opportunity here and there and normally when prices starts to tumble or a sudden spike, thats where we get to see crazy opportunities for these type of trades especially in DEX ( Decentralized exchanges ).
This really rare occation was done once again on the Polkaswap dex where I was just swapping between 2 coins to gain almost double the value.
I first swap 100 PSWAP and was able to get 10.14 FANS token.
And once that was done .. I just had to swap back FANS token into PSWAP.
well .. I had a bit of FANS token left thats why its 11 in oppose to 10.xxx
So that was pretty much an instant 156 more PSWAP tokens ?? Crazy right ????
I did have to try a few times as the transaction had failed. However it finally did manage to get thru and after swapping a few times over ... the Arbitrage opportunity was no more there.
The idea was to trade in smaller amount at a time and not large amount as that would have impacted the price almost immediately.
Well ... thats just my way of doing it. You could give it a try on all these different DEXs. Who knows .. you'd get lucky and find a few really nice trades.
Cheers and have a brilliant weekend !