Educational only, not financial advice. Start small, stay disciplined, and use screenshots to keep yourself honest. Price of Usdm at the time was .9576, if usdm is over 1.00 just do this in reverse to create the arb ending with more usdm at the end instead of ada.
Compounding on Cardano is a skill, not a meme.
π Open
@SteelSwap and set the pair ADA to USDM, then stop on the Preview screen
π From Preview, record 5 numbers: ADA pay gross, USDM receive, batcher fee in ADA, SteelSwap fee in ADA, deposit returned in ADA if shown
π Compute your true ADA cost basis: Net ADA spent = ADA pay gross batcher fee Steel Swap fee minus deposit returned
π Compute your Steel Swap cost basis price: Steel Swap buy price = USDM receive Γ· Net ADA spent
π Execute the SteelSwap swap
π Immediately open
@DeltaDeFi ADAUSDM and read the order book depth before you do anything else
π Choose a clip size that fits inside the top few ask levels, if the ask ladder is thin do not recycle the full USDM at once
π On DeltaDeFi, use Buy ADA with USDM and set a limit cap for a quick fill: add up the red ask sizes from best ask upward until the total ADA covers your clip, then cap at the highest ask price you need to sweep for that clip
π Place the order and let it fill
π After fill, compute profit for that clip: ADA net received = ADA gross bought minus taker fee in ADA, ADA basis = USDM spent Γ· Steel Swap buy price, Profit ADA = ADA net received minus ADA basis, Profit percent = Profit ADA Γ· ADA basis
β
Example from the graphic Steel Swap Preview: USDM received 3597.175183, ADA pay gross 10000, batcher fee 6.03 ADA, Steel Swap fee 1 ADA, deposit returned 8 ADA, Net ADA spent 10007.03, Steel Swap buy price 0.3594648 USDM per ADA
β
Example loop on a 1000 ADA DeltaDeFi clip assuming 0.10% taker fee charged in ADA received: clip costs 351.9043 USDM, ADA net received 999.0, ADA basis 351.9043 Γ· 0.3594648 = 978.9673 ADA, Profit 20.0327 ADA, Profit percent 2.0463%
β οΈ Size is the boss: the edge is only real for the portion of the book you can buy back without sweeping too high and compressing the spread
β οΈ The safe method is multiple smaller DeltaDeFi clips sized to visible depth
Note: I am not an expert, I used chat gpt pro ($20 a month) then took screen shots and fed it into gpt. Familiarize yourself with steelswap (always set to 0.1% slippage) Familiarize yourself with DeltaDefi on how the head works, moving in and out of the head via transfers, then if you have any questions please dm I will walk you thru the process from start to finish. this particular trade was done over a 24 hr period and netted over 2% (educational only) if you could do that 3 times a week for 52 weeks you would net 3120 ada.
@SteelSwap @DeltaDeFi #Cardano #USDM #ADA #DeFi #Arbitrage