Man wash flow drives me insane - like whats the point - its so obvious? Watch the trade stream for 30s and literally every trade is happening well within the spread
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Gotta love when someone TWAPs and they are the only one trading...
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Something I just learnt at my first go at market making crypto: if you quote too tight on an volatile crypto on a random DEX that trades a couple times a day - it doesn't matter that the flow isn't toxic - the PnL is unbearably noisy
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Interesting arb on $XPL between @Aster_DEX and @HyperliquidX thats been slowly closing over the last week - down from 10% to ~2%. Pre-listings market still very immature
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