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The Cat May or May Not Have Completed His First ARB on WLEO/LEO by scaredycatguide

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hive-167922 · @scaredycatguide ·
$10.30
The Cat May or May Not Have Completed His First ARB on WLEO/LEO
This is gonna be short and sweet cus its way past my bedtime!  The screenshots will be limited.

But, as many others noticed the WLEO on Uniswap price was .56 cents tonight (57 cents thank to me wrapping 2,391 coins!


### Let the arbitrage begin!

I've never arb'd LEO in the past when opportunity popped up, but this time I happened to have some ETH on my metamask that I planned to turn into USDT anyway, so why not use a LEO arbitrage as the conduit for that destination and make a few $$$ on the way

##### First came the unwrapping of the WLEO...
![image.png](https://images.hive.blog/DQmdUSVEQBFFZPBzYvGqY1TTjZNGpkAQxbdYv4vBcXsKi5S/image.png)

##### Then came the selling on leodex...

Luckily the dex had bids at 70 cents on average with some sales at 72 and some at 69.

Once that was all sold I now had swap.hive!  With the recent pump in HIVE I wanted to get out of this asap just in case a sell off occurred!

So swap.hive to my hive wallet on Hive-Engine after leodex kicked it back due to insufficient liquidity (which sucks cus the higher fee there ate roughly $16 of profit)

#### Off to "the darkside" exchange... 
...as we have come to call it on the roundtables lol.

![image.png](https://images.hive.blog/DQmUW88LiyFg7FEn39WSQ61eFD83bqV4ZJQa5EKgYifizCR/image.png)

I immediately sold it into USDT, took the total amount, subjected from the dollar amount of ETH I sent at the time and boom!

Arb Profit of $253.  Happy Day and goodnight!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/the-cat-may-or-may-not-have-completed-his-first-arb-on-wleo-leo)
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vote details (240)
@leolee728 · 
Amazing! Thanks for sharing. I hope to learn how to trade like this!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@leolee728/re-scaredycatguide-iw2ts)
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@melbourneswest · 
It was insanely high today and I bought 250 Leo on HE lol 

Oh well won't be worried when $20 🤣

I don't know how any of that works I just buy Hive send to acct and buy Leo on HE. But seems like there is a better way. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@melbourneswest/re-scaredycatguide-jk4mu)
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@scaredycatguide · 
Simple and perfect plan.  Leo to the moon.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/re-melbourneswest-6zr2qq)
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@melbourneswest · 
$10,000 Leo here we come! Although I'd just keep staking lol

I don't even know what my goal is 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@melbourneswest/re-scaredycatguide-7uh4vn)
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@nonsowrites · 
I can't play the arbitrage game 🤧 has gets too high. Can't wait for the BSC liquidity pool

>Arb Profit of $253. Happy Day and goodnight!

🤧 lucky you...

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@nonsowrites/re-scaredycatguide-2hgcwu)
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@revisesociology · 
Congratulations. I was wondering when someone was going to be bold enough to brave those ETH fees!
👍  
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@scaredycatguide · 
I got super lucky and all told paid $24 in ETH fees, only reason it worked.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/re-revisesociology-6hfpdh)
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@revisesociology · 
'Only'. I paid $0.008 to withdraw my Rune and AVA from the BEP pool yesterday!
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@simplegame · 
Good job.
TBH I am too lazy to find and execute Arb opportunities.

Glad to see someone found one and took advantage.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@simplegame/re-scaredycatguide-xansm)
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vote details (1)
@scaredycatguide · 
I am too, which is why that was the first one I finally did after passing on dozens of opportunities, doubt I'll do another LOL.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/re-simplegame-3czadg)
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