diff --git a/MEV_strategies/stat_arbs/dex-cex-arb/README.md b/MEV_strategies/stat_arbs/dex-cex-arb/README.md
index 6b0889b..2ad063b 100644
--- a/MEV_strategies/stat_arbs/dex-cex-arb/README.md
+++ b/MEV_strategies/stat_arbs/dex-cex-arb/README.md
@@ -8,6 +8,9 @@
 
 <br>
 
+* one leg of happens on a cex while the second leg happens on-chain (dex)
+
+
 <br>
 
 ---
@@ -20,3 +23,4 @@
 * [uniswap v3 markout analysis, by 0xfbifemboy et al.](https://crocswap.medium.com/usage-of-markout-to-calculate-lp-profitability-in-uniswap-v3-e32773b1a88e)
 * [uniswap markout analysis, by thiccythot et al.](https://medium.com/friktion-research/defi-deep-dive-uniswap-part-2-8be77a859f47)
 * [cex-dex arb analysis, by a. nezlobin](https://medium.com/@alexnezlobin/ethereum-block-times-mev-and-lp-returns-5c13dc99e80)
+* [monthly payment to validators by dex+cex trades, by frontier](https://github.com/ankitchiplunkar/crypto_charts/blob/master/notebooks/Coinbase%20rewards%20split%20between%20cefi-defi%20arbs%20and%20others.ipynb)