Cyclic Arbitrage in Decentralized Exchanges

Authors

Ye Wang, Yan Chen, Haotian Wu, Liyi Zhou, Shuiguang Deng, Roger Wattenhofer

Year

2021

Venue

Working Paper

Category

Visualization, Arbitrage & Supplementary

Cite status

Suspect

Domains

stablecoin corridors

Notes

"Arbitrage Index": product of exchange rates along a cycle must exceed cumulative fees — the `edge product must exceed unity` gate on `corridor-usdc-arb-pyth`

Relevance to ƒxyz

Grounds the arbitrage-corridor gate rule