Break down of the arbitrage side hustle. *** aka*** Selling corn on P2P platforms and buying on centralized exchanges.

% Over market shows the premium of each offer.

One deal lost money due to the buyer choosing a wrong payment method and while fiat was on the way the price moved higher. The solution to this would be to hold fiat on an exchange and buy bitcoin right away. Obviously increases the risk of a rug.

At a current price the profit is slightly above 6%. It is possible to maximize it buy batching purchases/withdrawals on an exchange. In this example instant payment methods were used and coin withdrawn on-chain or lightning right away (minimum rug exposure to CEX). In addition majority of deals were on-chain, hence higher fees.

This hobby project drains liquidity from Coinbases of the world, puts BTC in self custody, provides liquidity to P2P platforms and earns a little coin.

Shout out to P2P exchanges: nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsgqfapsalnnesrmt7xxfu7qp95akwlscw33n5pm8zrclt3xhdg7egksnh56 nostr:nprofile1qyv8wumn8ghj7ctnw3exzmpwdehhxarj9ekxzmny9uq3wamnwvaz7tmzd96xxmmfdejhytnnda3kjctv9uqzqfe70zqd8rfe5laj8rhulz2h5x6myl5pjyn6sjp7ja2pdg9fp7xj4ez3qy nostr:nprofile1qyxhwumn8ghj7cnjvghxjme0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyzj8g4mj9cgt5w38r7l8qsp9ng7ymgk02wlarcvczwppf534qe8uyx8m0gd nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyrd7pvdahcffecudkafad2vhu63fu6f6l5p258glnvq9lfecdewzvsc3u36 nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyvhwumn8ghj7mn0wd68ytn6v43x2er9v5hxxmr0w4jqqgx62mz5khn8f8t945pccxty0pu5472wf7j6fm7uyz6fnq0ya3txcvkl3f4a nostr:nprofile1qqs0es4qhk84sqlkmk9jqxsamdn6fdhzdqm3lee484qa9dngftm6v8slxah8m nostr:nprofile1qydhwumn8ghj7mn0wd68ytnnv968xarjv9kxjcfwvdhk6tcpzamhxue69uhhyetvv9ujuvrcvd5xzapwvdhk6tcqypp4ydudlkw92thuqvsrasxw9zr992ls79fen2cxs9fpdt5r42vussnu67e