weighs them as opportunities proportional to each other
it will then try to get into position based on however deep in each hedge/perp pair it wants to be
if it's not very much into position and the APYs are high enough to justify it, it'll taker into the position sometimes - it just drops the 'post only' requirement
until it's at least 50% in position, then it will only do makers
at the point where it's in position (and mango continuous rates aren't fluctuating like crazy) it'll just keep trading back and forth as maker, while keeping its near-perfect hedge
the revenue streams are:
funding rates
the spread, as most trades are maker
the maker fee rebate
on the immediate todo list:
other leveraged exchanges on Solana, in order to achieve wider funding rate arb as well as pure arbitrage at leverage
Zeta Markets allow us to play a much longer futures cash n carry arbitrage, but I think they only have one product live atm
Is the bot logic described in writing anywhere?
Does it primarily manage delta-neutral positions by picking highest funding rate?