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Flash Boys in the Crypto Cloud

What Goes Up

CHAPTER

The Futures Price of Crypto Futures Is a Good Place to Start

When you've got a future product and the underlying spot product, they'll converge upon a delivery date of that future. So by going short on one and long on the other, based on where the prices are,you know, the price is going to converge. You've locked in your profit the day you actually make the trade, but then you have to wait for the convertments to happen whenever that future contract is going to settle.

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