this is actually cool. love the doxxed technical video and the FSG setup behind it too lol
spot/perp convergence + actually accounting for funding, slippage and execution risk is way more interesting than another “AI predicts price” bot, this is the future of agentic finance.
going to keep looking but seems a huge team building
@ai6agent for the solana’s stockathon.
interesting.
Where Does the Profit Come From?
Our strategy does not try to predict where a stock price will move next. Instead, we look for price differences between a tokenized equity on Solana and its corresponding perpetual futures market on Backpack.
When the perpetual trades at a meaningful premium, the system buys the spot token through Jupiter and then opens a short position on Backpack.
This creates two opposing positions: long spot and short perpetual.
For example, the token trades at $100 while the perpetual trades at $101. If both prices later converge at $100.50, the spot position gains $0.50 and the short gains another $0.50.
The potential profit comes from the spread narrowing, not from the overall market moving up or down.
A large spread alone is not enough to justify a trade. Before entering, we account for available liquidity, average execution prices, Backpack fees, Jupiter routes, slippage, funding, Solana network costs, and a reserve for incomplete execution.
This is not risk free arbitrage.