From c7b34227c22e2d025c4876b305e0e0b9c9fd69d9 Mon Sep 17 00:00:00 2001
From: "dr. mia von steinkirch, phd"
 <1130416+mvonsteinkirch@users.noreply.github.com>
Date: Tue, 14 Feb 2023 07:55:47 -0800
Subject: [PATCH] Create tricks.md

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 .../protocols/uniswap/uniswap-v3/tricks.md       | 16 ++++++++++++++++
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 create mode 100644 MEV_and_trading/protocols/uniswap/uniswap-v3/tricks.md

diff --git a/MEV_and_trading/protocols/uniswap/uniswap-v3/tricks.md b/MEV_and_trading/protocols/uniswap/uniswap-v3/tricks.md
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+## tricks
+
+<br>
+
+### example cex + dex
+
+<br>
+
+1. consider a JIT LP that has ETH and USDC both in a wallet and in a CEX. 
+2. when the LP observes a large ETH -> USDC swap in the mempool, they deploy a LP position on Uniswap, and at the same time submit an ETH buy order on the CEX. 
+3. after both trades, the LP has the same total amount of ETH and USDC as before. 
+4. assuming that the following holds, the LP are also profitable:
+
+```
+    fees_DEX + price_impact_DEX > fees_CEX + price_impact_CEX
+```