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How do I take advantage of it? I don't understand how to arbitrage HBD.

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You could convert HBD to Hive. It is always profitable when it is above $1.05 (HBD). But in a pump like this there are many unknowns. E.g., will Hive continue to go up? If it goes significantly higher then holding Hive and selling it is perhaps even a better idea... If you have a bit of HBD I would convert it just that you try different routes. You can reconvert the HBD you instantly get from the conversion

I see, I wondered what the mechanics were. Thanks

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