There are all sorts of anomalies. Here is a trade I did from the last US presidential election. https://kavehtehrani.medium.com/free-money-on-inauguration-d...
Curious. How profitable was this for you? I assume the transaction fees ate a lot of it
I can't quite recall since it was a while ago but I built a fairly large USDC position in it over 1 month, as much as the liquidity allowed me to. My main concern was counter party risk since in crypto lots of projects fail and didn't want a ton of capital sitting on the platform.