Update
Coin Metrics Models Nvidia Token Arbitrage
Coin Metrics modeled buying $1,000 of Nvidia's NVDAx token on Hyperliquid and selling it on Kraken. The price on Kraken was 18 basis points higher. The total slippage on the two orders was 33 basis points, resulting in a 15-basis-point loss before trading fees. The article provides details of two modeled comparisons, showing a one-basis-point remainder in one comparison and a negative 15-basis-point loss in another, highlighting the impact of price differences and slippage on arbitrage trades.