2026-01-06 19:30:35

Recently, I noticed that some market makers are indeed underperforming on both spot and futures sides. It seems they can't control both markets simultaneously, so they opt for a one-sided strategy—first opening a bot to dump on the spot market, and once they've pushed the price down enough, they stop trading on the spot and switch to futures. As a result, there is a significant price discrepancy between the spot and futures markets, with the spread reaching several basis points. What's even more absurd is that the fee structures and price fluctuations on both sides don't match at all—one is active while the other is paused—creating obvious arbitrage gaps. The issues exposed by this operational approach are quite clear—either due to limited technical capabilities or intentional misconduct.

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DegenWhisperer

· 5h ago

This tactic is indeed a bit dirty. After smashing the spot market, they still dare to mess around with the contracts. How clueless can they be?

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NFT_Therapy_Group

· 01-07 17:53

Dumping and halting trading again, this routine is almost played out. These market makers are really becoming more and more unprofessional. The split on both sides is so obvious, and the fee rates are still chaotic, it's basically giving money to clear hedging traders. Whether it's poor technology or intentional, honestly, it's not a good look. These gaps are indeed lucrative, but the risks are real. The fierce separation between futures and spot trading will eventually lead to trouble.

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FOMOmonster

· 01-06 20:00

This move is so clumsy, clearly just smashing spot to buy the dip on the contract. The fee rates don't even match, and you still want to arbitrage? Amateur market maker.

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digital_archaeologist

· 01-06 19:59

Dumping the market to harvest more retail investors—this trick has been played countless times.

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ChainWanderingPoet

· 01-06 19:48

This guy is just covertly cutting leeks, very clumsy. --- Both sides can't control it but still have the nerve to come out and show off, a typical case of greediness. --- A difference of a few basis points, this is free arbitrage space, anyone can eat it. --- Doing it deliberately like this makes sense, why pretend to lack technical skills. --- Spot contracts one moves, another stops? This operation is outright blatant. --- With this level of market maker, it's not even as good as my own bot. --- To cause such a large deviation, either you're too bad or you're fishing. --- Haha, I was wondering why the arbitrage opportunities have been so ridiculous lately, turns out the source is here. --- I like this kind of opposing order, keep sending money, everyone. --- When the fee rates don't match, it's time to realize someone is messing around.

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OldLeekConfession

· 01-06 19:43

This market maker is really inexperienced. Both sides are playing awkwardly, so they might as well go solo. Spreading out spot and futures contracts to attack separately, you can see the hidden tricks in the basis spread.

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EthMaximalist

· 01-06 19:40

Oh no, I've seen through this trick a long time ago. When you can't figure out both sides, just pick one to fight. Typical rookie move. --- What are the spread points for spot contracts? Isn't this just giving away money to smart people? --- Rate mismatch, prices moving up and down—really, these flaws are ridiculously obvious. Either inexperienced or intentional. --- Has anyone tried to catch the bottom during this arbitrage gap? Feels a bit risky. --- With limited technical skills and the option to intentionally sabotage, I bet I have a bit of both. --- How can there still be market makers so bad that they can't even stabilize two orders? Ridiculous.

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GateUser-3824aa38

· 01-06 19:39

These market makers are really terrible. After dumping in the spot market, they run to the futures market. With such a big spread, aren't they afraid of being wiped out?

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