- Determine current price of token from public order book
- Find limit order of token on decentralized exchanges
- Identify limit orders, to buy low and sell high (arbitrage)
Ethplorer API (Tokens), 0x API (Orderbook), 1inch API (DEX)
- Latency of arbitrage
- Successful order ratio (arbitrage order/all order)
- <60 second detection
- >5% successful arbitrage orders
- <5 second detection
- 10-50% successful arbitrage orders
- Arbitrage opportunity varies widely based on token
Xiaolei Shi, Xiaoren Yang, Surya Vengadesan