Arbitrage SN78 & SN80 forever money
Anyone else watching the SN78 / UMI spread between native Bittensor and Base? Also same for SN80 the subnets on base chain I noticed UMI was around $1.25 on the Base/Coinbase side while SN78 was closer to $1.16 native, so roughly a 7–8% gross spread before fees/slippage/bridge costs. Base token: 0x6e2feEE56bc5F0Db2104Ab1dac2cf1Fb0334eb49 Aerodrome SlipStream SN78/TAO pool: 0x58bad45f4a42e70b69610aa073318c9106d5fac1 Native SN78: https://taostats.io/subnets/78/chart ForeverMoney’s SDK now supports bridging staked SN78 ↔ Base, and the Base pool is live on Aerodrome. The pool itself currently uses a 1% fee, so obviously the headline spread is not the net arbitrage. Curious if anyone here has actually completed the full loop yet and what the real net spread looks like after fees + slippage + bridge time. Feels like one of the more interesting things about subnet tokens becoming portable outside native Bittensor. submitted by /u/Odd_Low9478 [link] [comments]
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