## 🥯 arbitrage

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### tl;dr

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* liquidity on-chain is fragmented: thousands of pools don't communicate with each other, each providing quotes for swapping assets in real-time. This fragmentation 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.

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### in this dir

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* [arbitrage patterns](patterns)
* [cool arb txs in the wild](mev_bots_wild)


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### resources