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
- 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`