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MEV_strategies/arbitrage/README.md

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+## arbitrage
+
+<br>
+
+### tl;dr
+
+<br>
+
+
+* since **liquidity on-chain is fragmented** (thousands of pools don't communicate with each other, each providing quotes for swapping assets in real-time), it creates an opportunity to buy low and sell high across different pools. for example, two DEXes offer a token at two different prices so that a token can be bought at the lower-priced DEX and sold on the higher-priced DEX in a single atomic transaction.
+* due to the nature of the evm's atomic execution, **atomic arbitrages** are possible (as opposed to tradefi): smart contracts allow the packaging a sequential execution of txs, for a set of conditions. if the conditions are not met, the execution can fail, undoing all the on-chain interactions that just occurred.
+
+##### [arbitrage types:](https://mirror.xyz/0xc19565163aFdEe3783FC970E4Bd0275B11848d34/a_v8f9yRqRFAvmOaEltTkPJSt1geSAwQdDps2Avb-DA)
+
+
+* spatial (exchanges are located in different locations)
+* triangular (profit from trading loops)
+* statistical (rely on mathematical models for high-frequency arbs)
+* cross-exchange
+* sandwich
+
+<br>
+
+<img width="350" src="https://user-images.githubusercontent.com/1130416/217386455-c829a750-3bf1-4786-899d-adcb7d816573.png">
+
+
+
+<br>
+
+----
+
+### in this dir
+
+<br>
+
+* [arbitrage patterns](patterns)
+* [cool arb txs in the wild](mev_bots_wild)
+
+
+<br>
+
+----
+
+### resources
+
+<br>
+
+* [anatomy of arber bots](https://github.com/go-outside-labs/mev-toolkit/blob/main/anatomy_of_mev_bots/bots/arbers.md)
+
+

MEV_strategies/arbitrage/mev_bots_wild/README.md

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+## interesting mev arb found in the wild
+
+<br>
+
+
+### 2022
+
+* [arbitrageur begins with 1,000 Wrapped Ether (WETH), and ends up with 1,045](https://etherscan.io/tx/0x5e1657ef0e9be9bc72efefe59a2528d0d730d478cfc9e6cdd09af9f997bb3ef4)
+* https://etherscan.io/tx/0x46bf75f983f72ab1e7d391b9b618634d5452d2979bd13e95d7ed83c39b621cae 
+* https://etherscan.io/tx/0x6ab410a68c9dbc1f4bb9ecf4e63aebbcef1fd6e4f58b1961b5e58fc76093b91c
+* https://etherscan.io/tx/0x76e5fb10ce1cf21846839a35eca09d8da5a53512292986e887a705bf4cdec349
+* https://etherscan.io/tx/0x565d1b25538e7b8f385d4656e9f3d3e4570eade3af747e49d0464c08db68d1a7
+* https://etherscan.io/tx/0xda8ee92d0796af8889f1fc1a71a7072dfeeb5694692f163b77b302bf34393ff8
+* https://etherscan.io/tx/0x299c020e03d93caa937e43f21093a4f3e6457efdc27c174495fc2cc1f293e9b2
+* https://etherscan.io/tx/0xc649f14593613f93a3ef5dbfba55d50e5b4888ae25e277bba99c6884ffdda86b

MEV_strategies/arbitrage/patterns/README.md

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+## arbitrage patterns
+
+<br>
+
+### tl; dr
+
+<br>
+
+
+* spatial arbitrage involving one uniswap v3 pool and other venue seems to be the most common in 2022, followed by triangle arbitrage with one or two uniswap v3 pools.
+
+
+
+<br>
+
+----
+
+### in this dir
+
+<br>
+
+* [spatial arb](spatial.md)
+* [triangle arb](triangle.md)
+* [taxed tokens](taxed.md)
+
+<br>
+
+---
+
+### resources

MEV_strategies/arbitrage/patterns/spatial.md

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+## spatial patterns
+
+### tl; dr
+
+* also known as geographical arbitrage, it occurs when an arbitrageur looks for price differences between geographically separate markets.
+
+<br>
+
+---
+
+### resources

MEV_strategies/arbitrage/patterns/taxed.md

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+## taxed tokens

MEV_strategies/arbitrage/patterns/triangle.md

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+## triangle pattern