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Alameda Research

SBF's arbitrage trading firm

8 transcript mentions
Mentions over time
8 total · by year · from the transcripts
’19’20’213’22’23’24’25’265
8
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  • Number1 · 50%
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  • Crypto2 · 50%
  • Investing2 · 50%
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#171How to Generate Millions from Paid Events (Bootstrapped)2×

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Key numbers

1 figure
$25M/dayDaily arbitrage volumeEP 171 · 6:51 · SHAAN · Sam Bankman-Fried · Alameda Research · FTX

In the moments

2 linked receipts
Billy

Sam Bankman-Fried hammered one crypto arbitrage into a $10B fortune

Shaan tells the story of a 29-year-old who left Jane Street, started Alameda Research, and chased the Bitcoin price premium between countries. He passed on the steeper Korean 'kimchi premium' for a 10% daily-compounding Japan premium.

“And what this guy did was he was like, okay, fuck the kimchi premium. He went for the Japan premium, which was far less appealing. It was only 10%. But he's like, still, if I could trade a US Bitcoin for 10% more in Japan every day, I'm making 10% compounding daily.”
EP 171 · 1:59 · SHAAN
Read at 1:59
mfmindex.com№ 0171-119
Number

SBF arbitraged $25M/day at a 10% daily margin to a $10B net worth

At peak, Alameda was cycling $25M a day through the Bitcoin arbitrage at a roughly 10% compounding daily margin. The trading profits plus the FTX exchange he built off them put his paper net worth around $10 billion.

$25M
Daily arbitrage volume · USD/day
“the net end of this story is this guy's arbitraging $25 million a day of, of this currency. He's making a 10% compounding, uh, you know, uh, margin every single day. And this guy, you know, in the 3 years, basically he's become a self-made billionaire. He's worth $10 billion now”
EP 171 · 6:51 · SHAAN
Read at 6:51
mfmindex.com№ 0171-411