If the price of APPL on the NASDAQ were $1000, but the price of mcAPPL on Magic Cube were $900, an arbitrageur would buy the asset with the assumption that in the near future, with enough buying pressure, the mcAPPL price would eventually converge to the NASDAQ price of $1000. At that point, the arbitrageur would then sell mcAPPL at $1000, taking a profit of $100 per share. Similarly, if the price of APPL on the NASDAQ were $1000, but the price of mcAPPL on Magic Cube were $1100, an arbitrageur would provide collateral, mint the mcAPPL asset, and sell it at $1100 with the assumption that in the near future, with enough selling pressure, the mcAPPL price would eventually converge to the NASDAQ price of $1000. At that point, the arbitrageur would then repurchase mcAPPL at $1000 and then burn it to regain their collateral, taking a profit of $100 per share.