DYDX staking arbitrage

	A	B	C	D	F	H	I	J
1	DYDX Staking Arbitrage							By https://twitter.com/ThorHartvigsen
2	Cells market with this color should be customized
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4	Strategy size		$100,000.00
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6	Strategy duration (days)		60
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8	$DYDX price		$2.48
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10		DYDX Staking assumptions			Vertex trading assumptions/strategy
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12		$DYDX market cap:		$710,000,000.00	Leverage		5
13		$DYDX FDV:		$3,945,000,000.00	collateral to short DYDX with		$16,666.67
14		Expected staking ratio			DYDX-amount to short		33602.15
15		DYDX		68.33%	$-amount to buy and stake $DYDX		$83,333.33
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17		SNX	58.00%		Fees paid (maker/taker)		-$25.00
18		GMX	74.00%
19		GNS	73.00%		Annualized funding rate (view here)		32.00%
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21		$DYDX staked		$2,695,750,000.00	Funding rate earned/paid		$876.71
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23		Yearly fees (YTD annualized)		$79,000,000.00	Earned		$851.71
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25		DYDX Staking APY		2.93%
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27		1 year hedged staking yield in $		$2,442.12	Total returns
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29		Staking yield (strategy duration)		$401.44	$ returns	$1,253.16
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31					APR	7.62%
32					APY (compunded weekly)	7.92%
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