This whale just arbitrage-margined $180 million worth of ETH on AAVE with a 5x return.
Trader 0xb04 not only went long on ETH but also took advantage of the long staking yield. With just $20 million in margin, he arbitrage-margined $180 million worth of ETH, earning a 4% annualized yield, and borrowed $170 million worth of ETH at a 3% interest rate.
This means he has an expected annual return of over $2 million, in addition to profiting from ETH's price fluctuations.
Address: 0xb0449Ec1A8a60F95322617d6Ed52E1Ba1a7Beb49