Arbitrage is a commonly used term in crypto and financial markets more generally. It is the source of many fortunes and require an opportunistic, incisive mindset. How can arbitrageurs escape competition and find arbitrages in hidden areas? How should one think about the world in order to discover these lucrative opportunities? What kind of skills and aptitudes should one hone in order to become proficient at this? Manuj Mishra, resident member of HomeDAO and recent winner of ZK Lambda and ETH CC, will discuss all of these topics and more at the first HomeDAO lecture of Michaelmas Term 2023.