The Arbitrage Terminal by $PENDLE is worth learning to use, no matter how much capital you have. Maybe earning 50% APR with small capital doesn't feel that lucrative. But learning the process now means you'll know how to scale when your capital grows. Thanks to leverage, the 4-leg strategy through Boros and CrossEx lets you access a much larger notional with only a fraction of that amount in capital. At the current quoted rates, here's what the Arbitrage Terminal estimates over roughly 20 days: - $10K notional per leg: ~$850 in capital, ~$24 profit - $100K notional per leg: ~$8.5K in capital, ~$225 profit - $500K notional per leg: ~$42.4K in capital, ~$1,100 profit These estimates assume your perp positions are already open. If you're opening the perp legs for the first time, entry fees reduce your profit during the first cycle. When your Boros positions mature, you can roll into the next maturity while keeping your perp positions open. This means you can avoid paying perp opening and closing fees again during the rollover. You simply move from one Boros maturity to the next, locking in the spread available at that time. Learn the process with the capital you have today.