diff --git a/MEV_searchers/bots/stat-arbers.md b/MEV_searchers/bots/stat-arbers.md
index 5f0b242..52de0cb 100644
--- a/MEV_searchers/bots/stat-arbers.md
+++ b/MEV_searchers/bots/stat-arbers.md
@@ -6,8 +6,8 @@
 
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-* search for edges through mathematically ranking assets/trades risk. for example, arbs between different chains or markets (e.g. ethereum and binance).
-* for instance, if the cex price is greater than the price on-chain, stat arbs can buy on the dex and hedge on the cex. the problem is settlement mismatch: the longer the time period between blocks, the longer tx remains, and the longer it can go without being fully hedged (decreasing combined realized mev).
+* search for edges through mathematically ranking assets/trades risk. in tradefi, it's often called "pair trading".
+* for example, arbs between different chains or markets (e.g. ethereum and binance). for instance, if the cex price is greater than the price on-chain, stat arbs can buy on the dex and hedge on the cex. the problem is settlement mismatch: the longer the time period between blocks, the longer tx remains, and the longer it can go without being fully hedged (decreasing combined realized mev).